Germany’s Finance Minister Olaf Scholz has joined the chorus of politicians that are worried about Facebook’s planned cryptocurrency, Libra. “The issuance of a currency does not belong in the hands of a private company because this is a core element of state sovereignty,” Scholz said,...
The U.K. government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.” The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and...
A group of companies in South Korea are collaborating on a blockchain network to be used for mobile authentication services, according to reports. Samsung Electronics; banks KEB Hana Bank and Woori Bank; telecom companies SK Telecom, LG Uplus and KT; and Koscom, an IT service...
Cryptocurrency exchanges in Canada will now only have to report transfers of more than CA$10,000 ($7,663). The move comes after the Canadian government decided to ease up on some of its new anti-money laundering regulations due to feedback from payment service providers and crypto exchanges....
Turkey has unveiled a new economic plan that includes the use of blockchain technology, as well as the creation of a central bank digital currency. The Eleventh Development Plan, which was submitted to the Turkish Parliament and covers the period between 2019 and 2023, aims...
North Carolina Lieutenant Governor Dan Forest announced the launch of the North Carolina Blockchain Initiative to study the technology, virtual assets, smart contracts and digital tokens. The initiative will work on creating recommendations that aim to promote opportunities for economic growth and cost efficiencies, as...
Blockchain company Hdac Technology, which is backed by Hyundai, announced that it has entered into a strategic partnership with startup CasperLabs to work together on research, as well as consensus mechanisms and seamless integration, between their respective blockchains. According to CoinDesk, the partnership will initially...
European Central Bank (ECB) Executive Board Member Benoit Coeure has asked financial regulators to create a framework for crypto projects ahead of Facebook’s launch of its own digital currency, Libra. “It’s out of the question to allow them to develop in a regulatory void for...
To make online transactions more secure, Fujitsu Laboratories has created “digital identity exchange technology.” The blockchain-based technology allows businesses and individuals conducting transactions online to confirm the identities of other parties, while also gauging the “trustworthiness” of credentials, Coindesk reported. The company said in a...
