Weekly Blockchain Recap
South Korea’s Regulatory Evolution: Important Steps for Crypto Exchanges, ICOs and Blockchain
Legislative efforts are beginning to bear fruit for South Korean Blockchain firms. After a tumultuous period in which South Korean lawmakers were resistant to the idea of legitimising cryptocurrencies, a significant shift has occurred and South Korea appears poised to lead a new wave of blockchain development. Not only have significant state funds been allocated to investigate potential use-cases, but an improved relationship between government and Blockchain firms has translated into greater confidence from non-Blockchain firms, evidenced by a recent spike in funding and partnership announcements made by those in these two industries.
ASX Head Says New DLT System Could Save Billions
The Australian Securities Exchange has announced its intentions to replace its current settlement system with distributed ledger technology. CEO Dominic Stevens outlined his plan to implement this change by 2020, with the operation of nodes being central to this system’s proposed structure. Stevens additionally noted that the potential savings that could be achieved by completing this change were in the hundreds of millions, if not billions of dollars range. Any adoption of this type of technology to optimise. streamline and make financial transactions more efficient should be welcomed by the wider community.
https://www.coindesk.com/asx-head-says-new-dlt-system-could-save-billions/
