Singapore’s Central Bank, Stock Exchange Settle Tokenised Assets on a Blockchain

In a blockchain breakthrough, Singapore’s central bank and the country’s primary stock exchange have successfully developed an automated method for rapid settlements of tokenized assets. In an announcement on Sunday, the government of Singapore announced the successful development of a Delivery versus Payment (DvP) mechanism – powered by smart contracts – for settlement of tokenized

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South Korean Lawyers Lobby for Cryptocurrency, Investor Protection Laws

The Korean Bar Association has called on the government to establish a legal framework for the cryptocurrency and blockchain sector. In a news conference at the Korean parliament on Thursday, the Korean Bar Association publicly urged the government to develop laws designed to protect investors whilst encouraging the domestic blockchain industry. In quotes reported by

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Newsflash: China’s Central Bank Slams Blockchain Investment ‘Bubble’

China’s central bank has called on the government to strengthen supervision into ‘speculative’ financing and investments in the blockchain sector. The Research Bureau of the People’s Bank of China, the country’s central bank, published a working paper titled ‘What can a blockchain do and cannot do?’ on Tuesday. An early analysis of the working paper

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India’s Biggest Private Company Gets Paid on a Blockchain

Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology. In an industry first, Indian oil and energy conglomerate Reliance Industries completed a trade finance transaction with US-based Tricon Energy, a global chemical distributor. The end-to-end ‘live’ transaction was executed over R3’s Corda blockchain,

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Taiwan Amends Law to Target Anonymous Cryptocurrency Transactions

Taiwan’s highest legislature has approved amendments to existing laws, enabling the country’s regulator to combat anonymous cryptocurrency transactions. On Friday, Taiwan’s Legislative Yuan passed a legislative proposal that mandates cryptocurrency transactions to fall under the purview of existing money laundering laws. The amendments to the Money Laundering Control Act and the Terrorism Financing Prevention Act

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India is Considering a Ban on the ‘Use’ of Cryptocurrencies

After months of public uncertainty bought on by years of deliberation by the Indian government, authorities have discussed the framework to legally ban the usage of ‘private’ cryptocurrencies like bitcoin. In the 19th meeting of the Financial Stability and Development Council (FSDC) headed by India’s finance minister Arun Jaitley on Tuesday, the subject of cryptocurrencies

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Australian Crypto Firm DigitalX Reveals Mediation Request on $1.8 Million ICO Case, Denies Wrongdoing

Publicly-listed DigitalX, an Australian blockchain and crypto advisory firm, said it received a request for mediation from court proceedings of a $1.83 million case related to an ICO gone wrong. As reported initially in September, DigitalX revealed it was served with an Originating Application and Statement of Claim by a group of disgruntled stakeholders involving

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Untraceable Cryptocurrency Can Help Us Bypass Sanctions: Iranian General

An Iranian general has strongly hinted that the country could soon turn to cryptocurrencies as a way to evade international financial sanctions. Brigadier General Gholam Reza Jalali, head of Iran’s Civil Defense Organization, on Monday spoke about the ‘great opportunities’ presented by cryptocurrencies in the latest indication that Tehran is developing a state cryptocurrency. As

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Singapore’s National Energy Provider Launches Blockchain Marketplace for Green Energy

Singapore’s national electricity and gas provider has launched blockchain-powered trading of renewable energy certificates in a new marketplace. The blockchain is designed and built in-house by the company’s own team of digital energy experts to “ensure the security, integrity and traceability” of every renewable energy certificate (REC) transaction, Singapore Power (SP) said in a press

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Hitachi Partners India’s Largest Bank for Digital Payments Push

Hitachi Payments is entering a joint venture with the State Bank of India, the country’s largest bank, to establish a digital payments platform The collaboration sees Hitachi Payments, the wholly-owned Indian payments subsidiary of 108-year old Japanese conglomerate Hitachi, join the State Bank of India (SBI) in developing a sweeping digital payments platform with applications in

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