Venezuelans wanting to leave the country will soon have to buy passports with a cryptocurrency that may not exist. While the petro, Venezuela's oil-backed cryptocurrency announced in February, was billed as a tool to facilitate the economic recovery of the nation, a recent government decree indicates, instead, it may become...
Is Dubai setting the stage for mass adoption of cryptocurrency and blockchain technology? There's a lot of blockchain and cryptocurrency news coming out of the United Arab Emirates (UAE) today. A planned official digital currency for Dubai is reportedly one step closer to everyday use. Relatedly, UAE officials announced plans...
An indictment of Russian hackers asserts cryptocurrencies were again used to fund illicit activities. In an indictment filed today in the Western District of Pennsylvania, seven Russian intelligence officers have been accused of a concerted attack on international athletic organizations, apparently as retaliation for actions taken against Russia over its...
This time, the securities regulator isn't throwing up roadblocks to crypto's adoption. Instead, it's embracing the underlying technology. To improve internal cybersecurity, the Israel Securities Authority (ISA) has implemented blockchain technology for its messaging and information systems. The Israeli government agency responsible for capital markets and securities regulation recently announced the...
Remember, not everything related to cryptocurrency is illegal in China. The Beijing Sci-Tech Report, reportedly China's oldest tech media outlet, has announced it will begin accepting payments in bitcoin for 2019 subscriptions, according to a September 30 article in Chinese news outlet, Guangming. According to the announcement, the Beijing Sci-Tech Report...
September 28, 2018 8:34 PM The new blockchain-powered program is intended to give citizens access to banking services and control over their identities and credit histories. Officials in the West African country of Sierra Leone have signed a memorandum of understanding with nonprofit Kiva, the UN Capital Development Fund (UNCDF), and...
September 19, 2018 9:02 PM The group was asked to clarify anti-money laundering standards at the July G20 meeting. The president of the Financial Action Task Force (FATF) believes it's close to reaching a "consensus across nations" for anti-money laundering (AML) regulations and that global standards could be agreed upon as...
September 17, 2018 10:05 PM Switzerland is eyeing access to Israel’s financial markets, but European Union regulations may be a hurdle for the famously neutral country. According to a recent Reuters report, Switzerland's Federal Department of Finance has asked the Israeli Ministry of Finance to allow Swiss banks to trade funds...
September 10, 2018 11:31 PM A recent report details cryptocurrency’s limited traction among terrorist organizations. According to a September 7 report from Yaya Fanusie of the Center on Sanctions and Illicit Finance, a Washington, DC-based economic think tank, cryptocurrency is on the radar of Al Qaeda and the Islamic State. Although...
News world September 6, 2018 10:30 PM The new system is intended to reduce the need for in-person monitoring. The justice department of the Chinese city Zhongshan has developed a blockchain platform to track the movement and activities of so-called "community prisoners," according to a September 6 article in local newspaper Zhongshan...