Vermont’s Secretary of State and Department of Financial Regulation have joined forces to explore blockchain benefits in captive insurance. Two agencies in the state government of Vermont in the United States have jointly launched a blockchain pilot program for captive insurance, according to an official announcement published on Jan. 11. The Secretary of State Jim […]
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Blockchain will boost the health industry by integrating patient data and widening medical research. People are living longer in the 21st Century, but what’s less recognized is that, despite our increasing longevity, we’re also getting sicker. According to research, the number of people over 65 afflicted with at least four medical conditions is on course […]
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A new blockchain-powered platform, backed by Alipay’s blockchain technology, will deliver cross-border remittance service between Pakistan Malaysia. The Pakistan-based subsidiary of global telecommunications giant Telenor has launched a blockchain-powered cross-border remittance service, according to a press release published Jan. 8. Per the announcement, the Pakistan-based Telenor Microfinance Bank (TMB), Valyou — a Malaysian fintech subsidiary […]
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During a Reddit Ask Me Anything session with the Winklevoss brothers, Cameron said that “Bitcoin is most likely the winner in the long-term.” Cameron Winklevoss stated that “Bitcoin [BTC] is most likely the winner in the long term” during an Ask Me Anything (AMA) session on Reddit today, Jan. 7. Answering a question about whether or […]
Continue ReadingThe Irish Cabinet has approved stricter laws to deal with money laundering, including crypto use in funding terrorism. The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3. The directive — […]
Continue ReadingThe Philippine Securities and Exchange Commission isn’t ready to issue final initial coin offering regulation, meant for release in 2018. The Philippines Securities and Exchange Commission (PSEC) is not ready to issue final initial coin offering (ICO) regulation. The legislation was meant to be released before the end of 2018, English-language local media The Philippine […]
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Bermuda’s financial watchdog BMA has released a draft code of practice for crypto custodial services. Bermuda’s financial regulator has released draft regulation for crypto custodial services, according to an official press release issued on Tuesday, Dec. 18. The Bermuda Monetary Authority’s (BMA) draft regulatory document, entitled “Digital Asset Custody Code of Practice,” seeks to clarify […]
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Getting covered by insurers is a major issue for crypto players “despite their best efforts,” Big Four auditor PwC has said. Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20. In comments focusing on the global fintech market, Henri Arslanian — […]
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Cryptocurrency holders in the U.K. can now consult with official guidance on what tax they should be paying on their assets. The United Kingdom tax collection service published its first detailed tax legislation for private cryptocurrency holders Dec. 19 following a lengthy consultation period. Its new policy paper, “Cryptoassets for Individuals,” sets out likely tax […]
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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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