Central Bank of Bahrain has issued a draft of digital assets regulations which includes new licensing requirements for crypto service providers. Bahrain’s central bank has issued draft regulations on digital assets, Reuters reports Friday, Dec. 13. According to Reuters “the central bank said it had issued for consultation draft rules for crypto asset platform operators, […]
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After months of monitoring and observing the potential of blockchain, EU is finally making a turn into it After months of monitoring and observing the “promising and challenging” potential of distributed ledger technology (DLT), the European Union (EU) is finally making a turn into the blockchain industry. How it all started Back in February 2018, […]
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Security token firm TokenSoft has acquired a share in an SEC-compliant broker-dealer in a bid to expand the range of its services. Security tokens platform TokenSoft Inc. has invested in a company that is purportedly a United States Securities and Exchange Commission (SEC)-compliant broker-dealer, according to a press release published Dec. 13. TokenSoft is a […]
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UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019. United Arab Emirates-based UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019, Reuters reports Dec. 13. According to the report, UAE Exchange, a part of payments and foreign exchange company Finablr, is among the […]
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A new report says France should offer perks to private Bitcoin mining farms and boost blockchain spending. French political deputies want to spend €500 million (about $569 million) on state-level blockchain deployments over the next three years, local daily news outlet Les Echos reported Dec. 12. Citing a report published Wednesday, the publication said both […]
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Open source initiative Hyperledger has announced 12 new members including Alibaba Cloud, Citi and Deutsche Telekom, among others. Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11. Launched in 2016, Hyperledger is an open source project created by the […]
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Russia’s parliament will discuss a draft bill on blocking suspicious financial websites, and experts believe it might affect “scam” ICOs. A group of Russian members of parliament (MPs) has introduced a draft bill on blocking suspicious financial websites on Tuesday, Dec. 11. Russian crypto media outlet Forklog believes it can encompass “scam” Initial Coin Offerings […]
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Cryptocurrency service providers will soon be required to hold a license issued by the Dutch Central Bank in the Netherlands. Cryptocurrency service providers will soon be required to obtain a license from the central bank of the Netherlands, major Dutch news outlet DeTelegraaf reports Dec. 11. The article explains that the measure has been undertaken […]
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Calgary, a city in the Canadian province of Alberta, allows citizens to pay for local goods and services via its new digital Calgary dollar. Calgary, a city in the Canadian province of Alberta, has launched its own digital currency. The Calgary Dollar will allow holders to pay for services and goods at local shops, Canadian […]
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The Nigeria Deposit Insurance Corporation’s director defined Bitcoin’s disintermediation and fintechs as “critical concern to the corporation.” The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12. Disintermediation is when consumers begin investing directly in markets, rather […]
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