Six major central banks and the Bank for International Settlements jointly created a digital currency research group. The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published…
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Binance looks to expand in the country, a new working group assesses security token offerings, and more headlined news in Japan this past week. This week’s news from Japan included additional comments against crypto trading from China, Binance’s potential involvement in Japan, positivity from the International Monetary Fund (IMF), more crypto exits from European Union…
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As the 5AMLD is signed into law, turbulent times lie ahead for the crypto industry, experts discuss the changes. On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore…
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The year 2019 was rich with major privacy developments, but 2020 may rock regulatory landscape even more. Data privacy has long been seen as one of the major non-monetary usages of blockchain technology. Many governments and corporations are already running recordkeeping systems based on distributed ledgers to securely store internal data. Tech enthusiasts believe that…
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Crypto traders explain they are not surprised by Deribit’s move to Panama, explaining more companies may follow. Crypto traders see potential for other market platforms to exit after crypto derivatives exchange Deribit announced a move to Panama from its EU base in the Netherlands. “This is something they had hinted at in an interview months…
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Crypto exchange Deribit leaves the Netherlands for Panama to avoid demanding EU regulations that the Dutch nation might adopt. Crypto derivatives exchange Deribit is leaving the European Union for Panama to avoid new AML rules while changing its Know Your Customer (KYC) requirements. Deribit B.V., the current Netherlands-based company responsible for the Deribit.com exchange, will…
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Next year is to be crucial for the crypto industry in Europe, when the EU Fifth Anti-Money Laundering Directive will be transposed into the national legislation of each EU member state. In January 2020, the regulatory landscape for crypto businesses will completely change in the European Union in comparison with the last decade — and…
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Can the EU’s massive investment into blockchain and artificial intelligence research and development save us from the world’s tech oligopoly? The European Union’s announcement of a new 110 million euro fund to support research on artificial intelligence and blockchain comes at a critical time for the AI industry, when issues at the intersection of privacy,…
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Identity digitalization: How China is taking major steps to use blockchain in the government sector. News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country. President Xi identified…
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Solarization dominating green energy efforts in the EU. Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies require a high consumption of electricity, currently produced predominantly using coal and fossil fuels that adversely impact the environment. A global shift toward green energy will require the removal…
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