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Malta Passes New Laws to Claim World’s First Nation with Crypto Certainty

Malta Passes New Laws to Claim World's First Nation with Crypto Certainty

Malta has officially passed three bills into law to legalize cryptocurrency businesses in the country, claiming to make it the world’s first nation to provide legal certainty to the cryptocurrency field, according to Bitcoinist. The bills passed their fourth and final reading on 4 July and as Bitcoin News reported recently, the bills are aimed at further regulation of cryptocurrencies. The …


Philippines Fast Becoming Asia’s Blockchain Hotspot and Testing Ground

Philippines Fast Becoming Asia's Blockchain Hotspot and Testing Ground

Global business head of ConsenSys in Asia, Aiai Garcia, sees the Philippines as the next tech hotspot in Asia and a home for future blockchain sandboxes, writes Cryptovest. Blockchain is a fast-growing industry in the south-east Asian country with a regulator-friendly background and the Philippines has long been a magnet to foreign investment, as illustrated by its Special Economic Zones …


40% of UK’s Latest Regulatory Sandbox Companies Blockchain, Crypto Related

40% of UK's Latest Regulatory Sandbox Companies Blockchain, Crypto Related

Out of the 29 firms released by the UK Financial Conduct Authority (FCA) this week to the fourth cohort of the regulatory sandbox, ten are blockchain and crypto asset firms, according to the EconoTimes. The FCA’s regulatory sandbox was created so that prospective companies would be able to test innovations and services in a live, protected, business market. The current …


UK MP Says Government Needs to “Unlock Blockchain” to Increase Efficiency

UK MP Says Government Needs to "Unlock Blockchain" to Increase Efficiency

A British Conservative Party Member of Parliament (MP) has released his report, ‘Unlocking Blockchain’, which advocates a public-facing chief blockchain officer to oversee the UK’s blockchain strategy, according to City AM. MP Eddie Hughes made recommendations in his report urging Theresa May’s government to focus more readily on blockchain technologies, citing social freedom, increasing efficiency and the rebuilding of societal trust …


Cross-Border Commercial Trades Successfully Completed on European Banks’ Platform

Cross-Border Commercial Trades Successfully Completed on European Banks' Platform

A blockchain-based platform managed by several European banks, We.trade, went live on 3 July 2018 and has successfully completed seven commercial trades between ten companies in the past five days using four different banks. We.trade is built on the IBM blockchain platform, and claims that these are the first commercially-viable trades that harness blockchain technology. Chief operating officer Roberto Mancone said, …


Bank of Finland’s FUD Main Feature of New Report on “Fallacy” of Crypto

Bank of Finland's FUD Main Feature of New Report on "Fallacy" of Crypto

The Bank of Finland has released a paper explaining why the country’s central bank regards cryptocurrencies as a “fallacy”, writes Cointelegraph. The paper, reading like a film title and dramatically called the ‘The Grand Illusion of Cryptocurrencies’, was written by Aleksi Grym, whose improbable role at the bank is ‘Adviser on Digitalization and Head of the Digital Central Bank process in …


Bitcoin Tech Supporting and Educating Small Farmers Worldwide

Bitcoin Tech Supporting and Educating Small Farmers Worldwide

Bitcoin’s underlying technology blockchain is beginning to have an impact in supporting farmers and smallholders around the world, writes the BBC. The Olam Farming Information System (OFIS), not to be confused with the EU body The Organic Farming Information System (OFIS), is an organization which offers transparency for small farmers in 21 countries around the world. With 100,000 small hold farmers …


SBI Ripple Asia Wants XRP as World’s Standard Digital Currency

SBI Ripple Asia Wants XRP as World's Standard Digital Currency

SBI Group CEO Yoshitaka Kitao, who also leads SBI Ripple Asia, has stated that he sees the XRP token becoming a global standard for cryptocurrencies and fiat money, writes CryptoGlobe. Kitao’s company, the Strategic Business Innovator Group, is a financial services company group based in Tokyo, Japan and is listed on the Tokyo Stock Exchange. While speaking at the Japan …


The Evolution of Bitcoin According to Darwinism: No ‘Eureka Moment’

The Evolution of Bitcoin According to Darwinism: No 'Eureka Moment'

The development of Bitcoin and other cryptocurrencies can be viewed with some clarity using Darwinism and evolution as an explanation, writes Shanna McEachern in the Global Banking and Finance Review. McEachern refers to the massive numbers generated by cryptocurrency, seemingly out of nothing, to predictions that the digital currency market will evolve to USD 2 trillion by the end of …


UK Food Services Agency Pilots Blockchain for Food Regulation

UK Food Services Agency Pilots Blockchain for Food Regulation

The United Kingdom Food Services Agency (FSA) has successfully piloted the use of blockchain technology in a slaughterhouse, marking the first time that blockchain has been used as a tool to regulate the food sector. FSA’s head of information management, Sian Thomas, says, “We thought that blockchain technology might add real value to a part of the food industry, such …


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