US Treasury Secretary Says Firms Left Libra Due to Compliance Issues

U.S. Treasury Secretary Mnuchin said that firms are abandoning Libra due to its current inability to meet Anti-Money Laundering standards. United States Treasury Secretary Steven Mnuchin has attributed the recent spate of firms abandoning Facebook’s Libra stablecoin project to regulatory concerns. On CNBC’s Squawk Box on Oct. 14, Mnuchin stated that companies are abandoning the […]

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Singapore Shipping Association to Deploy Blockchain for Ship Registration

The Singapore Shipping Association, the International Chamber of Commerce and blockchain firm Perlin are jointly working on an e-registry for ships. The Singapore Shipping Association (SSA), the International Chamber of Commerce (ICC) and blockchain firm Perlin are jointly working on an e-registry for the ship registration and renewal process. Running on self-executing smart contracts The […]

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Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny

With government regulations becoming more stringent, crypto businesses are coming together to form self-regulating bodies for the industry. Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions continue to […]

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