Although blockchain investments appear to be decreasing, adoption and sentiment are on the rise, according to various research papers. There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing […]
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Benoit Coeure of the European Central Bank argued that stablecoins like Facebook’s not-yet-released Libra coin pose risks to public policy priorities. A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook’s long-awaited Libra coin pose risks to public policy priorities. ECB board member Benoit Coeure delivered his comments on stablecoins’ […]
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The European Central Bank and 25 global central banks will meet with Libra to assess the purported financial stability risks of the project. Officials from the European Central Bank (ECB) and 25 global central banks will meet with Libra to assess the financial stability risks of the project. Central bank forum to challenge Libra On […]
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French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra. French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra. The Minister’s remarks — the latest in a series of vocal […]
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Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned Libra stablecoin network. Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain payments In an official statement today, the […]
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Major oil companies including Chevron, Exxon Mobil and Royal Dutch Shell have enlisted Data Gumbo to manage water in North Dakota’s oilfields using blockchain. A consortium of oil companies including Exxon Mobil, Chevron and Royal Dutch Shell looks to blockchain to manage water used in oil extraction in North Dakota’s Bakken oil fields. Oil and […]
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United States Treasury official Sigal Mandelker said that Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms. Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker. Major business news outlet Reuters reported […]
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A Sinochem subsidiary is reportedly in negotiations with Shell and Macquarie regarding the development of a blockchain platform for the oil sector. A subsidiary of Chinese oil and chemical giant Sinochem Group is reportedly in discussions regarding a blockchain platform with Royal Dutch Shell and Australian financial services firm Macquarie Group. As Reuters reported on […]
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The Netherlands’ central bank has today revealed it will begin regulating firms that offer crypto-related services as of January 2020, ordering them to register. The Dutch central bank has today revealed it will begin regulating firms that offer cryptocurrency-related services as of Jan. 10, 2020. Reuters reported on Sept. 3 that De Nederlandsche Bank clarified that […]
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Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. As Reuters reported on Sept. 2, HSBC […]
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