Archive | December, 2015

Tunisia to put national currency on a blockchain

December 29th, 2015 by

Tunisia has just agreed to become the first nation to offer its national currency for transmittance through blockchain technology. Monetas CEO Johann Gevers explains what Tunisian’s can expect from the Monetas system in 2016. “The Monetas deployment in Tunisia is the first application for a full ecosystem of digital payments. With the La Poste Tunisienne […]

Reserve Bank of India appreciates the blockchain tech

December 28th, 2015 by

The Reserve Bank of India published an article acknowledging the potential of the blockchain, including protection against counterfeiting. “With its potential to fight counterfeiting, the ‘blockchain’ is likely to bring about a major transformation in the functioning of financial markets, collateral identification (land records for instance) and payments system,” said the RBI. The central bank […]

Bitcoin legalization bill in Ukraine coming in January 2016

December 28th, 2015 by

Michael Chobanian, the founder of Bitcoin Foundation Ukraine attempts to develop the text of the bill together with a team of lawyers that will help establish the legal status of Bitcoin in Ukraine. Verkhovna Rada of Ukraine will review the bill defining the legal status of Bitcoin. Allegedly, it will be submitted in January, 2016. […]

ING pushing forward with an initiative to explore blockchain technology

December 23rd, 2015 by

Mark Buitenhek, ING‘s global head of transaction services said, the Amsterdam-based bank is pushing forward with a broad-reaching initiative to explore blockchain technology – a process that includes working with a global group of banks, as well as conducting in-house experimentation across a range of departments. According to Buitenhek, the bank sees the potential for […]

3 European Parliament representatives call for stricter bitcoin controls

December 23rd, 2015 by

Three France-based members of the European Parliament filed a motion last month seeking to give member-states the power to regulate or even ban bitcoin activities. The motion was filed on 25th November, according to a copy of the motion published on the European Parliament website. The motion seeks approval from the European Commission – the […]

SWIFT launches Global Payments Innovation Initiative

December 21st, 2015 by

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced the launch of Global Payments Innovation Initiative. The Global Payments Innovation Initiative (GPI) will see the organization aim to dramatically improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments. “This initiative is an important first step in driving […]

Japan’s financial authority draft regulation for bitcoin exchanges

December 18th, 2015 by

Financial System Council is finalizing a draft text that focuses on regulating virtual currency businesses. The working group is said to hold discussions before drawing up a final report containing its proposals. This report will form the basis for the Financial Services Agency (FSA) to prepare a legal framework for regulating virtual currencies and exchange […]

Linux Foundation collaborates with tech and financial giants to create blockchain ‘Hyperledger’

December 18th, 2015 by

The Linux Foundation announced a new collaborative effort to advance the blockchain technology. The project will develop an enterprise grade, open source distributed ledger framework and free developers to focus on building robust, industry-specific applications, platforms and hardware systems to support business transactions. The nonprofit organisation will be working with a slew of tech giants […]

12 more banks joins R3 blockchain project

December 18th, 2015 by

R3 announced that 12 more banks have joined its blockchain project. New entrants to the group include Banco Santander, Danske Bank, Intesa Sanpaolo, Natixis, Nomura, Northern Trust, OP Financial Group, Scotiabank, Sumitomo Mitsui Banking Corporation, US Bancorp, Westpac Banking Corporation and BMO Financial Group. The consortium’s membership has grown since the first nine members were […]

People’s Bank of China Governor: PBOC won’t ban bitcoin

December 17th, 2015 by

The People’s Bank of China (PBOC) Governor Zhou Xiaochuan addressed the central bank’s position on bitcoin during the Boao Forum, a regional economic event that addresses economic problems in Asia. “It is out of the question banning Bitcoin as it is not started by central bank,” said Xiaochuan. The People’s Bank of China (PBOC) said […]