Archive | July, 2016

Korean Kookmin Bank signs MoU with Circle to develop blockchain solutions

July 29th, 2016 by

KB Kookmin Bank has announced that it has signed a memorandum of understandings (MoU) with Circle. According to the report, KB Koomkin has agreed to promote businesses in the blockchain space, while also signing a separate agreement to work on applications for mobile device certification. “We are excited to work with the top tech companies […]

SatoshiPay teams up with Visa Europe for bitcoin micropayments trial

July 29th, 2016 by

SatoshiPay, a nanopayment transactions processor, has announced its partnership with Visa Europe’s innovation department Collab to test Bitcoin micropayments. Work on the project was first disclosed earlier this year, when Visa Europe Collab said that it was exploring bitcoin micropayments for connected devices. At the time, the company indicated it was looking at use cases […]

European Commission plans to create central database of bitcoin users

July 28th, 2016 by

The European Commission is proposing the creation of a central database that will have records of bitcoin and virtual currency users’ identities and wallet addresses, which will be accessible to financial intelligence units of member countries. “This proposal seeks to prevent the large-scale concealment of funds which can hinder the effective fight against financial crime, […]

Agentic blockchain consortium opens London office

July 28th, 2016 by

Agentic Group announced their expansion into the UK with the opening of their London office. The blockchain consortium aims to support ideas that develop and monetize the emerging “Internet of Value.” Agentic’s UK announcement plans to bolster the financial technology sector in Europe following the controversial Brexit vote in June. “Representation in the UK is […]

Gibraltar Stock Exchange adds bitcoin backed ETI

July 27th, 2016 by

Gibraltar Stock Exchange announced it has approved the inclusion of BitcoinETI as a tradable instrument on the exchange platform. The BitcoinETI is being issued by a firm called iStructure PCC PLC, based in Gibraltar. Local firms Argentarius ETI Management Limited and Revoltura Limited were also involved with the issuance. The exchange said it was the […]

New Zealand’s Financial Markets Authority warns of Igot bitcoin exchange

July 27th, 2016 by

New Zealand’s Financial Markets Authority (FMA) has published on its website a warning against Australia based bitcoin exchange Igot. According to the notice in the section “Businesses to be wary of”, the regulator has received complaints from New Zealand based clients of Igot that it has failed to repay them in accordance with their instructions. […]

Razormind to create two blockchain banks in Europe

July 26th, 2016 by

Razormind has announced a €5 million investment to build and operate two blockchain banks in Europe, located in Ireland and France. The banks will run on 100% blockchain technology using Razormind’s blockchain services for mobile payment including deposit/withdrawal, local payment, bitcoin and DeOS access for EU customers. “We’re not targeting banks as competitors. Our plan […]

Reserve Bank of India calls on banks to study blockchain

July 26th, 2016 by

Reserve Bank of India (RBI) proposed to local banks to study blockchain applications. In a speech during an event at the Institute for Development and Research in Banking Technology (IDRBT) on 19th July, Deputy Governor Rama Gandhi said banks should work to develop applications for digital currencies and distributed ledgers. “Cloud-based computing, blockchain processing technologies […]

Deloitte Luxembourg develops blockchain solution for EMIR transaction reporting

July 25th, 2016 by

Deloitte Luxembourg has announced the development of a proof of concept to address regulatory transaction reporting in a distributed ledger technology (DLT) environment. Currently, all counterparties involved in trade transactions are required to insure that the details of any derivative contract—OTC or exchange traded—are reported to a trade repository no later than the working day following […]

Blockchain startup Kyckr to help banks fight terrorism and money laundering

July 25th, 2016 by

Kyckr announced it is pushing ahead with blockchain strategies to help banks in the fight against international money laundering and the financing of terrorism. Kyckr, a real-time platform provider with access to 153 business registers, is an IPO candidate that has developed a blockchain-based global real-time identity verification. The company is working on building a […]