Report: Bank of China Joins New Blockchain Platform for Property Buyers

Hong Kong property development firm New World Development and ASTRI will jointly launch a blockchain platform designed to reduce paperwork during mortgage applications. Property development firm New World Development and the Hong Kong Applied Science and Technology Research Institute (ASTRI) will jointly launch a blockchain platform for home buyers with the Bank of China reportedly […]

Continue Reading

New Survey Indicates Businesses Unprepared to Deploy Blockchain Technology

A new survey reveals that organizations are not ready to implement blockchain tech, although a half of respondents are considering blockchain adoption. A new study has revealed that, while businesses are considering blockchain adoption, overall they do not feel ready to implement the technology. The survey was conducted by software development firm Globant and published […]

Continue Reading

Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework

Cyprus’ securities regulator is calling for the transposition of an extended version of the European Union’s Fifth Anti-Money Laundering Directive into national law. The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies […]

Continue Reading

Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial

SMBC conducted a proof-of-concept of R3’s Marco Polo with a multinational Japanese player. Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18. SMBC, which is the only Japanese bank participating […]

Continue Reading

German Government Consults Industry About Blockchain Technology

Germany is consulting companies and industry groups that could become stakeholders in the country’s blockchain development. The German government is consulting companies and industry groups that could become stakeholders in the country’s blockchain development, Reuters reports on Feb. 18. The unnamed companies and groups have reportedly been invited to supply recommendations from this week onwards. […]

Continue Reading