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The Italian Banking Association, Associazione Bancaria Italiana (ABI), chose to leverage the blockchain-based system Spunta, as they could not identify an appropriate single actor to run a centralized system. The Italian Banking Association’s Chief Innovation Officer Silvia Attanasio revealed why the ABI has chosen to use a decentralized blockchain system, Spunta DLT, as opposed to …

Italian Banking Association Chose Decentralized Blockchain Route Read More »

The Commodity Futures Trading Commission (CFTC), which regulates the U.S. bitcoin and ether derivatives markets, plans to develop a digital asset innovation blueprint by 2024. ·        “We will develop a holistic framework to promote responsible innovation in digital assets,” the swaps regulator teased in its 2020-2024 Strategic Plan, released Wednesday. ·        This “holistic framework” will help keep the CFTC apace …

CFTC Hints at Future Digital Asset Regulatory Framework Read More »

The United States Securities and Exchange Commission has voted to adopt rule amendments to expedite the review procedure for companies applying for public listing. The Securities and Exchange Commission (SEC) announced on July 6, that it had voted to adopt rule amendments to establish an expedited review procedure for investment companies under the Investment Company Act. The new …

SEC Adopts Expedited Public Listing Review Process—Blockchain ETFs Could Qualify Read More »

Fabio Panetta, a member of the Executive Board of the European Central Bank (ECB), stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in the digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency …

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro Read More »

The Monetary Authority of Singapore (MAS) introduced Project Ubin in November 2016, along with its partnership with R3, to build a proof-of-concept project to conduct inter-bank payments using blockchain.  Project Ubin, spearheaded by the MAS, is a project exploring the use of blockchain and distributed ledger technology (DLT) for clearing and settlement of payments and securities. …

Monetary Authority of Singapore Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19 Read More »

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility. Although no timetable for Japan’s CBDC experimentation has been revealed, this is the first announcement by the BoJ that it will commence a Proof …

Bank of Japan Testing Digital Yen CBDC Read More »

Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. An image posted on social network Reddit showed a possible change in credit card terms and conditions of Bank of America regarding cryptocurrencies such as Bitcoin (BTC). Bitcoin, Ethereum, Litecoin, and other cryptocurrencies were …

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash Read More »

As reported by Reuters on Monday, the roughly $14 million deal with Chinese metals giant Baoshan Iron & Steel Co Ltd. (Baosteel) was conducted on a platform created by Canada-based startup MineHub Technologies. The MineHub platform was used to process contract terms, exchange documents online and provide visibility and accountability along the supply chain. The transaction took …

World’s Biggest Mining Firm Makes First Ore Trade on a Blockchain Read More »

B21, a digital asset investment company, recently launched their own Blockchain investment portfolio app in light of these changes. They claimed that the Supreme Court of India’s announcement “has led to renewed interest in digital asset investing and a spike in exchange trading volumes” in the country. Speaking with Cointelegraph, Nitin Agarwal, founder and director of B21, commented on …

Crypto Mobile Apps Are on the Rise in India Following Supreme Court Decision Read More »

Australians can now pay for their bitcoin at outlets of one of the country’s oldest organizations, its postal service. In a collaborative effort between Australia Post and Bitcoin.com.au, customers will now be able to use the Post Billpay feature to purchase bitcoin and other cryptocurrencies at over 3,500 post office shops across the country. AusPost confirmed the …

Australia Post Now Lets Customers Pay for Bitcoin at Over 3,500 Outlets Read More »