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Blockchain insurance industry initiative B3i adds 3 new members

February 13th, 2017 by

Italian insurer Generali Group, French reinsurer SCOR and German reinsurer Hannover Re are new additions to the blockchain insurance industry initiative B3i. The B3i project was launched in October, an effort aimed at providing a way for insurers like Allianz and Swiss Re, among others, to swap information and collaboratively test prototypes and use cases. […]

Indian bitcoin companies launch blockchain and virtual currency association

February 13th, 2017 by

Bitcoin companies in India namely Zebpay, Unocoin, Coinsecure and Searchtrade have formed Blockchain and Virtual currency Association of India (BVAI) in order to engage with the regulators. The formation of BVAI follows the recent notice by the country’s central bank, The Reserve Bank of India (RBI), cautioning users when engaging in bitcoin-related activities. The startups […]

IBM launches blockchain initiative with Dubai government

February 10th, 2017 by

IBM has teamed up with six Dubai-based public and private organizations in an effort to advance the country’s government blockchain strategy. IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider DUTECH, to explore the use of blockchain for a trade finance and logistics solution for the import and re-export process of goods […]

Chinese central bank warns bitcoin exchanges against margin trading and money laundering

February 10th, 2017 by

The People’s Bank of China (PBoC) has issued a new warning to domestic bitcoin exchanges following a “closed-door” meeting with them held on 08 February 2017. Having previously inspected and conducted on-site checks of Beijing-based exchanges Huobi and OkCoin, PBOC Beijing revealed that similar talks were held with the heads of 9 bitcoin exchanges. The […]

ESMA: Regulating blockchain would be premature

February 9th, 2017 by

The European Securities and Markets Authority (ESMA) released a report on Distributed Ledger Technology (DLT), which sets out its views on the technology, the tech’s possible applications, benefits, risks and how it maps to existing EU regulation. The agency has revealed it believes regulating blockchain technology at this time would be premature. The ESMA has […]

Bitfury partners with the Republic of Georgia to expand blockchain land-titling project

February 9th, 2017 by

Bitfury Group signed a new Memorandum of Understanding with the Georgian National Agency of Public Registry (NAPR) to develop and use a system for registering land titles. “The Bitfury Group is moving full speed ahead with the innovative government of the Republic of Georgia to advance the creation of Blockchain technology pilot projects, including our […]

The central bank of the Philippines moves to regulate bitcoin exchanges

February 8th, 2017 by

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said on Wednesday it will start regulating operators of virtual currencies to protect financial consumers and rein in risks like money laundering and terrorism financing. The move comes months after officials for the Bangko Sentral ng Pilipinas signaled their intention to regulate exchanges, […]

North Dakota legislators go further with the plan for bitcoin regulation

February 8th, 2017 by

The North Dakota Senate’s Industry, Business and Labor Committee put forward Bill 2100, which included language for a report on the feasibility of regulating bitcoin. The bill was introduced at the request of the state’s Department of Financial Institutions, the chief finance regulator for the state. The measure was passed unanimously in the Senate on […]

Russia’s Kaliningrad could become a testbed where cryptocurrencies are legal and regulated

February 7th, 2017 by

Russia’s Commissioner for Entrepreneurs’ Rights Boris Titov has proposed testing of cryptocurrencies circulation in Kaliningrad. Quoted by Interfax, Titov said that regardless of what is decided about crypto at state level, Kaliningrad could become a testbed where bitcoin and its ilk are legal and regulated. “Cryptocurrency circulation is not prohibited in the Russian Federation at […]

Hawaiian legislators want to explore blockchain tech to help tourism

February 7th, 2017 by

Two Hawaiian politicians have submitted a bill that proposes setting up of a working group dedicated to digital currency and blockchain technology. This project is sponsored by Democratic Representatives Chris Lee and Mark Nakashima. The aim of this project is to seek to have blockchain technology benefit local industries, tourism, residents and the state of […]