Saudi Arabian Bank Plans Sharia-Compliant Blockchain Products

Announcements, Blockchain, FinTech, Investing, News, Regulation | October 23, 2017 By:

Saudi Arabia’s Islamic Development Bank (IDB) is reportedly planning to use blockchain technology to develop sharia-compliant financial products.

Islamic banking or Islamic finance or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics.

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Canada Council Raises $50 Million For Blockchain Development

Announcements, Blockchain, FinTech, Innovation, Investing, News, Uncategorized | October 23, 2017 By:

The Information and Communications Technology Council (ICTC) is launching a new initiative to further develop Canada’s blockchain ecosystem. ICTC raised over $50 million in a few short weeks to fund the initiative.

ICTC is a not-for-profit organization that conducts research, and develops and implements solutions to help Canadians take advantage of the digital economy.

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Ronika Carter: Japan Crypto Industry “Is Giving People Hope”

Blockchain, FinTech, ICO, Investing, Regulation, Uncategorized | October 20, 2017 By:

Ronika Carter of Watson LLP in Orlando, Fla. is a regulatory attorney who believes licensing of cryptocurrency businesses and exchanges in the US is inevitable.

She talked with Block Tribune about what a national licensing program would look like and how Japan is a possible benchmark for implementing any domestic licensing.

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Mastercard Institutes Proprietary Blockchain for Cross-Border Payments

Blockchain, Innovation, News, Regulation | October 20, 2017 By:

Mastercard won’t take bitcoin payments. But it will allow you to transfer money over a blockchain using its proprietary technology for payments to goods and services providers.

A select few banks and merchants were invited to be part of the experiment. The technology in Mastercard’s case is strictly for cross-border payments between businesses.

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Sun Exchange Lights Up With $1.6 Million in Seed Funding

Blockchain, FinTech, Investing, News, Regulation | October 20, 2017 By:

South Africa’s Sun Exchange, a peer-to-peer solar equipment leasing marketplace that manages revenue collection and distribution through its blockchain system, has raised $1.6 million in seed financing from several strategic partners. Its goal is to accelerate global access to solar power.

Sun Exchange allows individuals to purchase solar cells in solar projects which are mostly situated in emerging markets that are solar-rich,

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Bitfinex to End Services in the US Next Month

Announcements, News, Regulation | October 20, 2017 By:

Hong Kong digital currency exchange Bitfinex , the third-largest by volume, will terminate all services for US customers by November 9. The exchange has urged all US-based customers to withdraw their holdings before the deadline.

In August, Bitfinex announced it was canceling service to US customers on its platform because of impractical regulations and policies imposed by the US Securities and Exchange Commission.

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