The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC. The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states […]
Continue Reading
They thought they had it made, but the Malaysian authorities were one step ahead. Malaysian police arrested four cryptocurrency mining operators after discovering that they were stealing electricity from the state-owned power firm, Sarawak Energy Berhad, or SEB. According to Malay Mail, authorities spent two days cracking down on four shophouses, believed to be housing […]
Continue Reading
Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm. Law enforcement authorities in Kyrgyzstan have reportedly detected an illegal cryptocurrency mining farm on the territory of a local free economic zone (FEZ). The State Service for Combating Economic Crimes, an anti-corruption service in the Kyrgyz […]
Continue Reading
South Asia Gateway Terminals becomes first Sri Lankan container terminal joined TradeLens platform. The first private Sri Lankan container terminal, South Asia Gateway Terminals, or SAGT, recently joined IBM and Maersk’s blockchain trade platform TradeLens. It is the first terminal in the country to adopt blockchain technology to digitize its trade processes. In an announcement […]
Continue Reading
The Indian Port Community System has integrated blockchain platform CargoX in a bid to digitize its cargo documentation. As the COVID-19 pandemic takes a toll on the workflow of the Indian cargo shipping industry, India’s maritime industry is looking to utilize the CargoX platform for Blockchain Document Transfer (BDT). According to a report from World […]
Continue Reading
World’s top ecommerce firm Amazon filed a patent for a blockchain system that tracks goods as they move on the supply chain. World’s top ecommerce firm, Amazon, filed a patent for a blockchain system that tracks goods as they move on the supply chain. Amazon’s patent — dated May 26 — describes a “distributed ledger […]
Continue Reading
India’s largest port operator APSEZ has partnered with IBM’s TradeLens platform to digitize its supply chain process. The largest multi-port operator of India, Adani Ports and Special Economic Zone Limited (APSEZ), has partnered with the blockchain-based supply chain solution platform TradeLens. APSEZ plans to integrate TradeLens’s blockchain solutions across 10 of its major courier management […]
Continue Reading
Building on previous advantages for traders and miners, Portugal continues to establish a crypto haven with Technological Free Zones. In a bid to drive innovation forward and to stimulate the economy, Portugal has recently approved a nation-wide plan to encourage digitalization in several fields. Published on April 21, the “Digital Transitional Action Plan” puts forward […]
Continue Reading
As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies. Businesses in Abu Dhabi, the capital of the United Arab Emirates’, or UAE, are increasingly embracing blockchain technology as local regulators move towards adopting inclusive legislation regarding crypto assets. Though Abu Dhabi Global Market, or ADGM, announced its […]
Continue Reading
Binance opens a research institute in Shanghai’s Lingang area, though it should not officially be considered a Binance office. Binance Academy has entered into an agreement with Shanghai’s local government to set up an office in the country. The initiative will reportedly be devoted to research blockchain technology in accordance with an Oct. 24 statement […]
Continue Reading