PYMNTS

APRIL 30, 2018

South Korea’s Korea Credit Data, a FinTech startup that operates in the small- and medium-sized business accounting software market, said it is exploring an entrance into the world of blockchain. The involvement of the nation’s largest cryptocurrency exchange comes as the government cracks down on such firms.

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PYMNTS

OCTOBER 8, 2018

And Seoul Mayor Park Won-soon unveiled a $108-million plan to make the capital into a blockchain-enabled smart city, Coindesk reported. He said that multiple public services such as elections and labor welfare will use the blockchain technology. Once it is a financial instrument it comes under a whole regulatory framework.”.

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PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Bitcoin and blockchain creator Satoshi Nakamoto developed these tools nearly a decade ago, he said. Broader Doubts Emerge.

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PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government isn’t the only jurisdiction going hot and cold on blockchain.

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PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. We need capital for three reasons really,” he said. Having T2 today is just so anachronistic.

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PYMNTS

NOVEMBER 13, 2018

startup in the blockchain field called Axoni , Cryptovest reported. Flanigan said in a press release , “distributed ledger technology will clearly be important in modernizing the shared infrastructure of capital markets. HSBC , the U.K. bank, is backing a U.S. It also plans to enhance its technology for data synchronization.)

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PYMNTS

APRIL 27, 2020

Global blockchain firm Binance and blockchain payment service provider BitPay are teaming to increase adoption of the BUSD Binance stablecoin, according to an announcement. The exchange, which is said to be banking at Signature Bank, reportedly has more than 50 clients in approximately 20 nations. CoinDesk reported.

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PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. via our contacts and knowledge of U.S. via our contacts and knowledge of U.S.

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PYMNTS

JULY 13, 2020

The company did not transact those swaps on a national registry, according to a press release. equity securities, let those users enter into contracts to price those movements with blockchain-based financial transactions. Abra, which works by letting users bet on price movements of listed U.S.

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PYMNTS

DECEMBER 17, 2019

On another note, R3 has finished a trade finance blockchain pilot with over 70 organizations from more than 25 nations, Coindesk reported. The effort piloted working capital applications that TradeIX created and homed in on the receivables finance product on the platform of Marco Polo, which was started by R3 and TradeIX.

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PYMNTS

SEPTEMBER 24, 2020

As FIs dabble in blockchain-based payment technologies, financial services technology firm Apifiny is also seeking to drive adoption of blockchain. SatoshiPay Debuts Blockchain Payments Platform. blockchain is picking up steam as a payments rail, too. Apifiny Finds Tester For Instant Settlement Network. Outside the U.S.,

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PYMNTS

OCTOBER 21, 2019

Shenzhen Capital Group Co., and China Finance Fund — as well as existing investors Hillhouse Capital, Wanda Group, Prometheus Capital and IDG Capital — all participated in the funding round. In March, the country revealed that it had issued its first blockchain-based electronic invoice for a subway ride.

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PYMNTS

FEBRUARY 19, 2019

The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs ($106 million USD), as well as have a closing capital balance of at least 1.2 A home for many startup companies, Berlin boasts around 170 firms that currently look at blockchain.

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Payments Source

SEPTEMBER 27, 2016

The Chamber of Digital Commerce has opened a new outpost in the nation's capital. But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with the local incubator 1776 to launch the DC Blockchain Center.

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PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. While bitcoin is not backed by assets, the BOT’s cryptocurrency will be supported by assets like the international reserve of the nation.

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PYMNTS

OCTOBER 25, 2019

financial regulators represent the interests and needs of the nation and its financial services stakeholders,” according to a statement. Participation in international organizations such as this helps U.S. The possible law is expected to be similar to the Special Purpose Depository Institutions (SPDI) law passed in Wyoming.

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PYMNTS

MARCH 1, 2019

Developed by a London startup of the same name, AZTEC offers encryption of blockchain data at a lower cost, and with a more efficient process, than previous versions. It’s being tested by the most important bank in blockchain today. JPMorgan Chase is testing out a zero-knowledge privacy solution called AZTEC.

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PYMNTS

JANUARY 7, 2019

The volatility of cryptos — and the emergence of any number of blockchain and tokenization projects through the last year — has invited fresh regulatory scrutiny of digital currencies. Banks are well capitalized. In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector.

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PYMNTS

FEBRUARY 20, 2019

Hanaco Ventures reportedly led the round, with participation from David Krell, Norman Sorensen and Global Founders Capital. government support of blockchain technology, Coindesk reported. also recognize the power and potential of blockchain technology.”. It is imperative that the U.S.

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PYMNTS

MAY 28, 2020

Earlier in the month, they had hit a high of around 201 BTC on May 21, reports from blockchain intelligence firm Glassnode say. Users pay fees to miners for transactions on the blockchain, and miners also receive a fixed amount of BTC for each block mined, which halves every four years.

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PYMNTS

OCTOBER 9, 2020

The Philippines government is mulling restricting the count of digital banks that run in the nation. The enterprise blockchain service firm said on its website that Line of Credit could assist in bringing down the cost of capital for companies. Philippine Government Considers Digital Bank Limits.

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PYMNTS

MAY 18, 2018

Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. Blockchain. Cambridge Blockchain. Endeavour Catalyst and Satya Capital also participated. This week, the firm revealed $27 million raised by Atlas Venture, Khosla Ventures and Top Tier Capital Partners.

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Lex Sokolin

NOVEMBER 12, 2020

High tech firms continue to build into software their addictive digital nation states. The vectors of change for software and money remain deeply anchored to the fractal of blockchain. The price of the cryptocurrency rose to over $15,000, breaking again the $250 billion market capitalization barrier. The election’s end?—?and

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PYMNTS

DECEMBER 3, 2019

But with recent investment by Blue Star Capital, the company is expanding into the B2B realm to address cross-border corporate payments hurdles. For global businesses, national borders are less and less relevant,” SatoshiPay CEO Meinhard Benn recently told PYMNTS. A Borderless Blockchain. The Faster Payment Demand.

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PYMNTS

DECEMBER 20, 2019

The investment also continues to prove blockchain’s value in enhancing global payments as well as XRP’s and XRP Ledger’s wider utility, according to a post from the company. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019.”

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Perficient

MAY 27, 2022

There is good reason for this shift in view; according to Marc Bernegger, co-founder of crypto fund AltAlpha Digital, “after last year’s explosion of crypto hedge funds around the globe, there are now over 400 active funds, excluding those focused on venture capital.”

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PYMNTS

NOVEMBER 5, 2019

The type of tax paid — capital gains tax, corporation tax, income tax, national insurance contributions, stamp taxes or VAT — will be decided by the tax authority. s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities.

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PYMNTS

OCTOBER 11, 2019

SIX, for its part, has reportedly been developing a digital exchange that will use blockchain to underpin those transactions. The research into digital central bank money will be conducted through a hub set up by the Swiss National Bank (the central bank) in partnership with the Bank for International Settlements (BIS).

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PYMNTS

DECEMBER 29, 2016

Deloitte has been an early embracer of blockchain technology, and 2016 was a busy year for the consulting firm in the space. Earlier this month, Deloitte revealed an investment in blockchain startup SETL, a U.K. In years ahead, blockchain is likely to make its mark in sectors like media, telecoms and manufacturing. “But

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PYMNTS

JUNE 12, 2019

In other news, Fireblocks , a platform for securing digital assets in transit, announced that it has secured $16 million in Series A funding from Cyberstarts, Tenaya Capital, Eight Roads (the proprietary investment arm of Fidelity International), Swisscom Ventures and MState.

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PYMNTS

JULY 12, 2019

The banking regulator said that all in-country transactions, which include international payment systems cards, will be processed by the National Payment Card System in Russia. The payments firm co-led the funding round along with digital currency-focused venture capital firm Blockchain Capital.

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PYMNTS

AUGUST 23, 2018

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. billion fund focused on the blockchain.

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American Banker

SEPTEMBER 27, 2016

WASHINGTON -- The Chamber of Digital Commerce has opened a new outpost in the nation’s capital. But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with local incubator 1776 to launch the DC Blockchain Center.

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PYMNTS

JANUARY 3, 2020

According to a 2019 report by the Ministry of Commerce and Industry, India’s goal of a $5 trillion economy is “within the realm of possibility,” and SMBs are a critical part of that roadmap – government figures estimate that SMBs contribute nearly 38 percent to national gross domestic product (GDP). Building Financial Trust.

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PYMNTS

DECEMBER 6, 2017

The evolution of blockchain-based services. That includes the ability of faster payments initiatives to address corporate, cross-border transactions in addition to consumer, national transactions, he said. A small business needs working capital, letters of credit, export insurance logistics, shipping insurance and credit protection.

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PYMNTS

JANUARY 8, 2019

In addition, Pakistan’s Telenor Microfinance Bank unveiled a cross-border remittance service based on Alipay’s blockchain technology, Indonesia’s KinerjaPay notched an investment of $200 million from a construction firm in the region and mobile payments are on the rise in China.

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PYMNTS

NOVEMBER 12, 2019

The country is laying the groundwork to be the first nation to launch a digital currency and will balance privacy concerns with government oversight, Reuters reported. China is planning to launch a digital currency in early 2020 that will make allowances for privacy, a senior central bank official said on Tuesday (Nov.

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