The £248,000 grant will be used for building a blockchain-based platform that can execute 10-minute foreign exchange transfers. The platform will be fully automated and will perform all the necessary KYC/AML procedures to remain compliant with existing regulations.
The Finance Ministry in Russia plans to submit legislation next month that would impose fines of up to 2.5 million rubles ($38,000) and jail sentences of up to seven years on digital currency users.
“Bitcoin can be used to finance the shadow economy and crimes,
“Our new Coinbase integration in Copay makes it easy to buy and sell bitcoin directly from your wallet. And it’s available in all US states,
Keza has announced the closing of its service.
The announcement of its closure comes as a surprise, particularly as Keza launched an iOS app last month that allows users to invest bitcoin in stocks and fixed income. There were no deposit minimums and the app facilitated investment in emerging markets restricted to investors who can reach a $1 million minimum.
The head of newly established Department of Financial Technologies, Projects, and Process Organization of the Bank of Russia Vadim Kalukhov insists that the terms “bitcoin”, “blockchain” and “distributed ledgers” shall be considered separately.
Kalukhov added that the Central Bank closely follows researches on digital national currencies carried out by other regulators.
BitFury has partnered with prominent economist Hernando de Soto to bring blockchain technology to the land title registry of the Republic of Georgia.
“We are uniquely positioned in the Blockchain ecosystem to support this breakthrough process, demonstrate the power of the Blockchain and assist in further developing Georgia’s modern and transparent property registry,” said BitFury CEO Valery Vavilov.
Perm State University (PSU) created a laboratory specifically designed to investigate the implications of blockchain and crypto-technologies.
The new research centre named “The Laboratory of Crypto-Economics and Blockchain Systems” will both create mathematical models and work on the practical implementation of the blockchain technology,
“Valve reached out to us because they were looking for a fast, international payment method for Steam users in emerging gaming markets in countries like India,
The British government could use blockchain technology to track student loans and aid money, according to Minister for the Cabinet Office Matt Hancock.
Hancock said the government was examining how the technology could be used to manage and keep track of the distribution of public money,
Itaú is the first company in Latin America to join the R3 consortium, which consists of more than 40 of the largest financial institutions in the world for developing state of the art commercial applications for the market.