Guangzhou issued a business license using blockchain and artificial intelligence technology supported by WeChat. Major Chinese city Guangzhou has issued a business license using blockchain and artificial intelligence (AI) technology, local news agency Sohu reports on April 22. The license was issued at the administrative center of Huangpu District, Guangzhou, and represents the first blockchain […]
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The U.S. federal government is expected to raise its blockchain spending to $123.5 million by 2022 — an over 1,000% increase from 2017. The United States federal government is expected to raise its blockchain spending to $123.5 million by 2022 — an over 1,000% increase as compared with the $10.7 million it spent in 2017. […]
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France is reportedly going to try to convince other European Union member states to adopt cryptocurrency regulations similar to its own. France is reportedly going to try to convince other European Union member states to adopt cryptocurrency regulations similar to its own, Reuters reported on April 15. Bruno Le Maire, French Minister of the Economy […]
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Jay Clayton drew attention to the ongoing engagement with the crypto space and enforcement of existing legislation. The head of United States regulator the Securities and Exchange Commission (SEC) reiterated its focus on the cryptocurrency space in a new speech on April 8. Speaking at the SEC Speaks conference in Washington, chairman Jay Clayton highlighted […]
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Michigan lawmakers have passed a bill that would include cryptocurrency in criminal laws regarding illegal actions for financial gain. The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal codes regarding illegal actions for financial gain. Michigan lawmakers have voted to introduce amendments to various […]
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The fintech industry in Switzerland continues to grow dynamically, while traditional financial institutions are reporting a decline. A new study shows that the fintech sector in Switzerland continues to grow, while traditional financial institutions are stagnating. The report was published by SwissBanking on April 1. The report dubbed “IFZ FinTech Study 2019” was prepared by […]
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5G promises to boost development efforts in IoT and blockchain Analysts have been anticipating the implications of the Internet of Things (IoT) for several years. However, there have been two main impediments to its success: capacity and security. But now, the introduction of a new technology could change that. This year, major carriers like AT&T […]
Continue ReadingSwiss president Ueli Maurer has stressed that regulation for the blockchain sector should be fast and clear. The president of the Swiss Confederation, Ueli Maurer, has stressed that establishing regulation for the blockchain sector should be fast and clear. Maurer made his remarks at the CV Crypto Valley Summit in Zug on Wednesday, according to […]
Continue ReadingThe Premier of Bermuda, David Burt, has argued that QuadrigaCX would never have lost its crypto keys had it been registered in Bermuda. The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements […]
Continue ReadingFinnish Parliament approved new legislation that will provide a legal status for cryptocurrency assets on March 13, 2019. International peer-to-peer (P2P) crypto exchange LocalBitcoins will soon become supervised by the Financial Supervisory Authority of Finland, as the firm announced on its blog on March 25. Helsinki-based LocalBitcoins wrote that the Finnish Parliament approved new legislation […]
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