China’s central bank has secured $4.7 million in funding for its blockchain trade platform over the next three years. The People’s Bank of China (PBoC) has secured $4.7 million in funding from China’s central government for its blockchain trade finance platform. The funding will be administered over three years and has been designated for research […]
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A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. Named Contour, […]
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A U.S. representative has introduced a bill asking for a study on blockchain technology and applicable laws in Tennessee. State Representative Dennis Powers introduced a new bill into Tennessee’s state legislature on March 3 spurring the study of blockchain technology. The bill asks the Tennessee Department of Financial Institutions to dive into research on blockchain […]
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Financial services giant SBI Holdings’s subsidiary is partnering with German tech company Northern Data AG and Texas-based data centers operator Whinstone US Inc. A subsidiary of Japanese financial services giant SBI Holdings is partnering with German tech company Northern Data AG and Texas-based data centers operator Whinstone US Inc. The partnership was revealed in a […]
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Covantis, a blockchain initiative backed by global agribusiness giants like Cargill, has selected ConsenSys as a technology partner. Covantis, a blockchain initiative backed by global agribusiness giants like Cargill, has selected major Ethereum-focused firm ConsenSys as a technology partner. Within the partnership, ConsenSys will build an Ethereum-based blockchain platform to digitize the post-trade finance industry […]
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The Singapore government and 16 major trading and manufacturing companies have partnered to promote digitization of international trade. The Singapore government, along with an array of the world’s major financial and manufacturing companies, has formed an alliance to promote the adoption of digital technologies in trade and commerce. According to a press release shared with […]
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This week’s news from Japan included falling trading volume, statements on China’s digital currency, a Lisk staking announcement and a blockchain-based letter of credit. This week’s news from Japan included declining trading volume, statements from prominent figures on China’s pending digital currency, a Lisk staking announcement and a blockchain-based letter of credit. Check out some […]
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The non-profit organization Hong Kong Institute of Bankers has onboarded six virtual banks as corporate members. The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release. The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong […]
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An overview of the stances of China, Russia, India and the developing world toward crypto regulation in 2019. This is the second part of a three-part series that covers the regulatory landscape for digital currencies in 2019 and looks at the prospects of 2020. While the first chapter in the series looked at the “Insiders,” […]
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The Marco Polo Network, a trade finance network co-developed by major blockchain firm R3, has completed its largest finance trial to date. The Marco Polo Network, a trade finance network co-developed by major enterprise blockchain firm R3, has completed its largest finance trial. Built on R3’s open-source blockchain platform Corda, Marco Polo has hosted the […]
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