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Bitcoin Daily: Chilean Gov’t Calls For More Regs On Crypto, FinTech; British Virgin Islands Partner With Blockchain Co

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In other news, the British Virgin Islands has announced a partnership with LIFElabs.io that will provide rapid access to funds in the event of an emergency. The partnership will also work to create an alternative digital currency payment method for financial transactions across the network of islands. The LIFElabs.io

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Blockchain Steers Toward Auto Supply Chain Transparency

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To that end, Volkswagen , the German car manufacturer, said this week it is launching a blockchain pilot aimed at tracking battery supply chains that wend their way from production to the carmaker’s own factories. Under the terms of the partnership, the BVI and the blockchain firm will provide Rapid Cash Response in case of emergencies.