government

TokenSoft The US Security Token Platform Joins Blockchain Association

TokenSoft The US Security Token Platform Joins Blockchain Association

Security tokens platform TokenSoft has joined the Blockchain Association (BA), a U.S .- based crypto lobbying organization. In an official announcement on April 27, the token issuance platform based in San Francisco said. That it would enter the D.C. based organization to “educate regulators and elected officials on the advantages of utilizing blockchain technology and […]

World Federation of Exchanges says crypto terminology needs clarity

“Digital & Crypto Assets Need Clarity”: World Federation of Exchanges

In response to the EU’s cryptocurrency regulatory framework, the World Federation of Exchanges (WFE) says digital and crypto-assets need strong clarification and classifications. While answering questions posted in a March 20 report WFE says “We believe there could be value in adopting a single EU classification which covers both: digital-assets and also crypto assets, as […]

hawaii launches digital currency sandbox to attract crypto firms

Hawaii Launches Digital Currency Sandbox to Attract Crypto Firms

The governor’s office of Hawaii revealed its new “Digital Currency Innovation Lab” on March 17 – a blockchain and cryptocurrency incubator developed through collaboration between the state’s Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC). The initiative will run for two years, and will allow […]

Blockchain Development Across South Korea

South Korean Government to Grant $3.2M to Blockchain Companies

Two South Korean ministries have announced their support for the blockchain industry in the country with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology. The Ministry of Science and ICT (Information and Communications Technology) and the Ministry of Information and Communication Industry Promotion will […]

Sweden's central bank digital currencies

Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March 6, the Riksbank noted that in order for the hub to be located in Sweden, the bank […]

Zimbabwe returns to crypto

Zimbabwe Returns to Crypto as Reserve Bank Proposes Regulatory Sandbox

The Reserve Bank of Zimbabwe (RBZ) is reportedly developing a regulatory sandbox for cryptocurrency companies in the country. The news was reported on March 16 by the local newspaper Chronicle, citing a representative from the bank speaking at a conference on March 13. Chronicle reports that RBZ’s deputy director for financial markets and national payment […]

cryptocurrency act of 2020

US Congressman Introduces Cryptocurrency Act of 2020

A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Cryptocurrency Act of 2020”, a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator. The proposed regulatory […]

South Korea passes law to introduce permit system for crypto exchanges

South Korea Passes Law to Introduce Permit System for Crypto Exchanges

On 5th March, South Korea’s National Assembly passed a revised bill on the reporting and use of special financial transaction information, focusing on the introduction of a permit system for crypto exchanges. Accordingly, virtual asset operators such as crypto exchanges would have to report their operations to the Financial Intelligence Unit (FIU) under the Financial […]

Digitex to remove KYC to protect user data

Crypto Exchange Digitex Removes KYC to Protect User Data

While some global crypto exchanges move to expand Know Your Customer (KYC) rules, some major rivals claim that crypto platforms don’t need KYC at all. Digitex, a Seychelles-based crypto derivatives exchange, will start removing KYC identification this week in response to a major user data leakage that happened last month. Digitex will have no KYC […]

Marshall Islands sovereign digital currency will be based on algorand

Marshall Island’s Digital Currency will be Built on Algorand Blockchain

The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as the technology partner for its national digital currency. After first revealing its planned digital currency – the Marshallese Sovereign (SOV) – back in February 2018, the Marshall Islands has taken a further step in the development by partnering with major blockchain startup […]