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ETHMemphis • May 18-20, 2018

The Ethereum blockchain can provide value to the business community. Therefore, the ETHMemphis Hackathon will team Ethereum developers with business…

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Tag: AML

Renewed EU KYC Enforcement May Reinforce Bitcoin Legitimacy

Category: Altcoins, Bitcoin, Finance, News, Regulation

Renewed EU KYC Enforcement May Reinforce Bitcoin Legitimacy

The general theme in the cryptocurrency market in 2018 has been government regulations. In many regions of the world, governments appear to be taking a more serious approach to monitoring the activities of the crypto ecosystem. KYC and AML Procedures The EU has been at the forefront of creating a robust regulatory framework for the burgeoning crypto market with a…

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U.S. State of Colorado Passes Laws to Foster Blockchain Technology and Blocks Cryptocurrency Security’s Bill

Category: Blockchain, Business, Commentary, News, Regulation, Tech

U.S. State of Colorado Passes Laws to Foster Blockchain Technology and Blocks Cryptocurrency Security’s Bill

On May 8, 2018, Colorado became the first U.S state to introduce laws on blockchain technology, mainly for protecting confidential data in state records. Filament, an enterprise that merges Internet of Things (IoT) and blockchains to authorize and sign real-time machine transactions, announced the news. Colorado Community Collaboration According to the legislation passed by the State of Colorado, blockchain, along…

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Stratis Launches Much-Awaited ICO Platform

Category: Altcoins, Blockchain, Business, News

Stratis Launches Much-Awaited ICO Platform

On May 9, 2018, Stratis announced the launch of its feature-driven ICO platform. Equipped with a customizable design that helps customers build a unique identity based on their brand, the platform accepts funds in different cryptocurrencies and also integrates with Onfido’s KYC service to ensure no instance of money laundering. Aiming to Simplify The ICO Process Launching an Initial Coin…

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Crypto-Brokers Demand Regulations in a Bid to Build Trusted Businesses

Category: Altcoins, Bitcoin, News, Regulation

Crypto-Brokers Demand Regulations in a Bid to Build Trusted Businesses

In the recent past, governments around the globe are trying to regulate the controversial cryptocurrency. However, the latest appeal to do the same has come from a different place. Identifying New Priorities To gain some clarity and put to rest rumors that their businesses propel criminal money transfers, digital coin brokers, who usually frown over emerging regulation, are now the…

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Australian Cryptocurrency Exchanges Get ‘Softly’ Regulated

Category: Altcoins, Bitcoin, Finance, News, Regulation

Australian Cryptocurrency Exchanges Get ‘Softly’ Regulated

The Australian financial authorities have informed all virtual currency exchanges operating in the region that with effect from today April 3, 2018, they must all start making efforts to fulfill their regulatory obligations. AUSTRAC Regulation Australia is one of the countries with a vibrant cryptocurrency ecosystem. In a prime example of this favorability, citizens can seamlessly buy bitcoin and the…

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Cryptocurrency Exchanges and Bank Enter Data Sharing Agreement in South Korea

Category: News, Regulation

Cryptocurrency Exchanges and Bank Enter Data Sharing Agreement in South Korea

The South Korean government has announced that six of the major domestic banks are being configured to work closely with some cryptocurrency exchanges. With the introduction of this new system, regulatory bodies will require exchanges to share data with the respective banks. Sweep of Conscious Regulation The Korean Financial Services Commission (FSC) made the announcement on January 21, 2018. The…

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How the Blockchain Will Force Lawmakers to Write New Laws

Category: Blockchain, News, Regulation

How the Blockchain Will Force Lawmakers to Write New Laws

Blockchain technology is currently disrupting most major industries across the globe. From financial services, supply chain management, and cyber security to online music distribution, cloud computing, and philanthropy, the blockchain is rewriting the status quo in many sectors. The distributed ledger technology that was pioneered by the cryptocurrency bitcoin is also becoming a valuable tool for the public sector as…

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BitCAD to Develop a Decentralized System for Biometric Identification

Category: News, Tech

BitCAD to Develop a Decentralized System for Biometric Identification

BitCAD, an international project focused on developing cryptographically secured smart platforms, has announced that they are working on a decentralized solution for biometric identification. While the market in question seems to have crystallized, the issue goes a bit deeper, so a blockchain-based system might find its niche as it could provide something its centralized peers fail to accomplish. Existing Systems…

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Chinese Exchanges Suspend Withdrawals Due to Regulation

Category: Bitcoin, News, Regulation

Chinese Exchanges Suspend Withdrawals Due to Regulation

China continues to enforce regulations on Bitcoin. The large exchanges suspend withdrawals of bitcoin and litecoin while implementing anti-money laundering rules, which is announced to need at least a month of time. Also, the central bank meets the other exchanges and gives orders. For several weeks the Chinese central bank, the PBOC, starts to regulate Bitcoin exchanges. After it consulted…

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BITCRIME: “We Aspire Innovation-friendly Regulation”

Category: Bitcoin, Interviews, News, Regulation

BITCRIME: “We Aspire Innovation-friendly Regulation”

The German-Austrian research project BITCRIME recommends governments to regulate Bitcoin based on transaction blacklists. The coordinator of the German subproject, legal scholar Dr. Paulina Pesch, explains why. (translated from German) Dear Ms. Pesch, in the recently published policy recommendation you write that it is not clear to which extent bitcoin are used for criminal purposes. Shouldn’t we expect you to…

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