Crypto News Digest #3

KVANTOR
KVANTOR
Sep 6, 2018 · 4 min read

Germany and France are currently cooperating on the creation of a European financing mechanism so as to sidestep US sanctions against a number of countries

“With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of US extraterritorial sanctions,” French Finance Minister Bruno Le Maire said during a meeting with the press association AJEF.

Source: https://sputniknews.com/business/201808281067532651-germany-france-financing-mechanism-us-sanctions/

India’s Securities And Exchange Board Undertake Global Tour To Study Crypto And ICOs

India’s apex financial regulator, the Securities and Exchange Board of India (SEBI) has organized tours and other research and other research assignments to other countries for its officials to learn more about cryptocurrencies and Initial Coin Offerings (ICO).

Source: https://smartereum.com/31791/indias-securities-and-exchange-board-undertake-global-tour-to-study-crypto-and-icos/

Ripple’s CEO Brad Garlinghouse shares stance on the real value of cryptocurrencies, regulatory framework and more

On 1st September, the Chief Executive Officer of Ripple, Brad Garlinghouse spoke with Standford Legal and discussed some of the significant subjects in the cryptocurrency space.

Source: https://ambcrypto.com/ripple-ceo-brad-garlinghouse-shares-stance-on-the-real-value-of-cryptocurrencies-regulatory-framework-and-more/

Lloyd’s Register (LR), a British tech and business maritime classification society announces the launch of prototype blockchain-enabled Class register

LR created the first register of ships in 1764, a tool used to provide merchants and underwriters information about the quality and condition of vessels they chartered and insured. Today, LR is re-imagining the Class register for the digital age having successfully applied blockchain technology to the classification process of registering new ships into Class and launching a prototype blockchain-enabled register tool in collaboration with Applied Blockchain.

Source: https://www.lr.org/en/events/classification-register-updated-for-the-digital-age/

How Blockchain May Impact Logistics, Supply Chain And Transportation: A Conversation With The Blockchain In Transport Alliance

According to a recent Forbes Insights survey of more than 400 senior transportation-focused executives, 65% believe the logistics, supply chain and transportation sector is experiencing nothing short of a tectonic shift.

Source: https://www.forbes.com/sites/insights-penske/2018/09/04/how-blockchain-may-impact-logistics-supply-chain-and-transportation-a-conversation-with-the-blockchain-in-transport-alliance/#332fe2c9f2b3

Crypto Wallet Abra Announces Direct Transactions From EU Banks in SEPA

Global crypto wallet Abra has enabled the direct purchase and sale of cryptocurrencies for European bank accounts, according to a press-release published by PR Newswire Tuesday, September 4.

Source: https://www.prnewswire.com/news-releases/abra-now-enables-bank-accounts-across-europe-to-buy-and-sell-cryptocurrencies-300705998.html

A blockchain trade finance platform spearheaded by China’s central bank has entered the testing phase ahead of an official roll-out

According to a report from 21st Century Business Herald on Tuesday, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is already deployed across financial institutions in the southern city of Shenzhen and is currently undergoing final trials.

The Bay Area in Southern China is an economic development zone consisting of major cities along the Pearl River and the special administrative regions of Hong Kong and Macau.

Source: https://www.coindesk.com/pboc-backed-blockchain-trade-finance-platform-enters-test-phase/

Ed Budd and Julio Faura, formerly in charge of tech innovations at Deutsche Bank and Santander, have set up a new venture aimed at taking blockchain tech to emerging markets

The joint project targets emerging banks that need help to manage their daily treasury positions because they must convert transactions in various currencies. Currently, the company works in the United Kingdom, Spain, and South Africa, but also wants to focus in Asian, African, and Latin American states where banks have more internal reconciliation problems.

Source: https://cryptovest.com/news/former-deutsche-bank-and-santander-managers-turn-to-blockchain-industry/

Iran Government Accepts Cryptocurrency Mining as Industry

Secretary of Iran’s Supreme Council of Cyberspace reported that the government has accepted cryptocurrencies mining as an industry.

Source: http://en.ibena.ir/news/90849/Iran-Government-Accepts-Cryptocurrency-Mining-as-Industry

Blockchain has the power to shape 21st century

Over the next decade, a number of blockchain ideas will be tried’ some would fail. But in the process, some real-world problems would be solved and new businesses and business models would emerge.

Source: https://economictimes.indiatimes.com/markets/stocks/news/blockchain-has-the-power-to-shape-21st-century/articleshow/65680293.cms

What’s the difference between a private and public blockchain?

Although it’s commonly regarded as a single technology, there are different types of blockchain: public and private.

Source: https://www.intheblack.com/articles/2018/09/05/difference-between-private-public-blockchain

Netcoins Opens 21,000 Virtual Cryptocurrency ATMs Worldwide

Cryptocurrency mass adoption continues to gain traction in countries around the world. Virtual ATM software company Netcoins just added Bitcoin Cash and EOS for immediate purchase at over 21,000 retail locations worldwide.

Source: https://cryptoslate.com/netcoins-opens-21000-virtual-cryptocurrency-atms-worldwide/

​’Crypto haven’ government officials to gather in Seoul

High-level officials from countries that are considered havens for cryptocurrency firms will gather in Seoul later this month to discuss the future of policy.

Representatives from Estonia, Switzerland, Malta, Singapore, Lithuania, and the city of Hong Kong will discuss their respective country policy concerning blockchain at the three-day Blockchain Seoul tradeshow from September 17 to 19 at COEX D Hall.

Source: https://www.zdnet.com/article/crypto-haven-government-officials-to-gather-in-seoul/

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