PYMNTS

DECEMBER 26, 2019

China is in the midst of planning to build out its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE), as Reuters reported. His remarks triggered more businesses to explore blockchain technology. The BSN is made up of 14 members.

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PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A

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PYMNTS

DECEMBER 10, 2019

Tencent’s WeBank , which is a digital bank in China that provides loans to individuals and small businesses, will be the technical infrastructure provider for China’s national blockchain network, according to a report by Coindesk. Following that, it expanded into blockchain services.

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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. In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector.

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PYMNTS

DECEMBER 10, 2019

Tencent’s WeBank , which is a digital bank in China that provides loans to individuals and small businesses, will be the technical infrastructure provider for China’s national blockchain network, according to a report by Coindesk. Following that, it expanded into blockchain services.

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PYMNTS

MARCH 5, 2020

The idea of tapping into the blockchain to support a digital property market isn’t entirely novel. And, according to the report, Cryptovoxels calls itself a “virtual world powered by the Ethereum blockchain” that is owned by users. Decentraland, in one case, sold over $1 million in digital real estate. residents without its clearance.

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PYMNTS

DECEMBER 7, 2020

It seems to be the case, then, that stablecoins may be regulated to the point where they are an adjunct to fiat – and to the modern monetary system that has been in place for decades – rather than a wholesale replacement. Recently, a BIS study concluded that embedded regulation might offer a solution for stablecoins.

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PYMNTS

DECEMBER 7, 2018

Virtual Currency Market and Regulatory Competitiveness Act of 2018, seeks to have regulators research regulations for digital currencies that currently exist in other places around the world. In a joint statement , Budd and Soto said that the blockchain as well as digital currencies could help further economic growth.

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PYMNTS

JULY 7, 2020

Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported. Swipe, for its part, is available in 31 nations in the European Economic Area.

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PYMNTS

DECEMBER 19, 2018

Blockchain has been steadily making inroads in the B2B realm as a way to help boost supply chain transparency and efficiencies. To that end, in South Korea, a number of government ministries are looking into blockchain, eyeing the potential boost distributed ledger technology can give to marine logistics.

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MAY 11, 2020

If they’re global, then the rationale for a single national license makes more sense. a blockchain loyalty system, and Korean luxury retail chain Shinsegae Duty Free have joined forces to allow rewards points to be managed on the blockchain, Cointelegraph reported. Meanwhile, MiL.k, Meanwhile, MiL.k,

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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. The research is described as “a project that uses blockchain technology to improve U.K.

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PYMNTS

SEPTEMBER 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC).

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PYMNTS

OCTOBER 29, 2019

China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. According to the report, the standards would be the first in the world.

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PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

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PYMNTS

APRIL 20, 2020

Two law researchers say regulators should take the cryptomarket into serious consideration, according to an Oxford Law blog post. An NDRC subsidiary has been moving on a new blockchain service network that would give firms access to the necessary tools to create applications based on the blockchain.

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PYMNTS

OCTOBER 10, 2019

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to a report by Russian News Agency TASS. The regulator made the remarks at the Finopolis forum of innovative financial technologies.

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PYMNTS

MAY 5, 2017

The world of blockchain technology has certainly seen some major changes over the course of the past decade. While traditionally, blockchain has been instrumental in the financial arena, 2016 and early 2017 saw other industries dipping their toes into the technology’s shallow end.

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PYMNTS

DECEMBER 6, 2017

Nearly every day, it seems, another technology company announces its vision for blockchain. In this week’s Blockchain Tracker , PYMNTS looks at the companies — from banks to diamond giant De Beers — making headway in their own blockchain projects. Governments Get Involved. In the U.S.,

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PYMNTS

AUGUST 28, 2019

Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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PYMNTS

SEPTEMBER 4, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. At the time, B2BPay supported payments to and from 34 nations. The company was among 40 FinTechs accepted into the Accelerator.

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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 21, 2018

The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the technology. In this week’s Blockchain Tracker , PYMNTS examines the latest government initiatives in the U.S. around blockchain, including the latest from the Federal Trade Commission (FTC) and Congress.

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PYMNTS

MARCH 22, 2019

A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives. You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.

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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 13, 2017

But thanks to faster cross-border payments solutions, the distance between nations across the world is shrinking considerably. Payment solutions powered by blockchain technology are showing promise in getting payment delivered across borders at a much faster rate. and why they believe the technology should be regulated.

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PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

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PYMNTS

JUNE 27, 2019

The digital payments news out of Brazil has been fast and furious over the last few weeks – particularly when it comes to blockchain. Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). But before partaking in blockchain bacchanal …. The Blockchain Bonanza.

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PYMNTS

OCTOBER 29, 2019

You have nothing to lose but your blockchains. News came this week that, as reported via CoinDesk, in China there’s a new app, tied to blockchain, that lets Communist party members attest their party loyalty. Now, blockchain is not bitcoin. Workers of the world, unite. Marx makes his mark, then, in the digital age. million.

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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. This is a really seismic shift.”. We've gone from [trade + 5 days to settle, to trade + 2 days].

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PYMNTS

SEPTEMBER 21, 2018

Switzerland is reportedly exploring ways to make it easier for blockchain companies to open corporate bank accounts as the government moves to prevent those innovators from leaving the country. Experts said blockchain innovators struggling to access the traditional financial services sector have been pushed out because of it.

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PYMNTS

JULY 15, 2019

David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead of a scheduled appearance before Congress, according to a report by TechCrunch. monetary regulations in terms of taxes, fraud and money laundering laws. .

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PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. 1 have just taken effect.

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PYMNTS

JULY 15, 2019

David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead of a scheduled appearance before Congress, according to a report by TechCrunch. monetary regulations in terms of taxes, fraud and money laundering laws. .

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PYMNTS

MARCH 19, 2018

In an interview with The Financial Times , Sarker said Mastercard would be willing to facilitate if the coin in question was a national cryptocurrency that was legitimate and was used as a national digital currency issued by central banks. “If A Mastercard spokesperson declined to provide the FT with more details.

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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. The reality is not quite so great.”.

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