The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far.
Cryptocurrency exchange Coinbase has launched a Visa debit card allowing customers in the U.K. and EU to spend their cryptocurrencies directly from their Coinbase accounts.
A "privacy "poisoning" the cyber attack involves loading private data, such as names, addresses and credit card numbers, or illegal material, such as child pornography, into a blockchain, therefore putting the network in conflict with local laws, making the affected chain and its data useless.
Chainalysis says It's unrealistic and bad to expect crypto exchanges to send KYC information to recipient platforms with every transaction, in response to a draft FATF recommendation.
Central banks around the world are now giving serious consideration to the pros and cons of making central bank digital currencies available to the general public, says a new study from the C.D. Howe Institute.
The Learning Coin project is a distributed ledger technology teaching tool for IMF and World Bank staff. LCs are quasi-crypto-assets issued on a private blockchain accessible only to IMF and WB staff. LCs are earned by completing learning assignments.
The National Bank of Cambodia's Project Bakong is a Hyperledger Iroha-based payment system renewal project. A pilot with dozens of banks will soon be launched. The ultimate target is to provide instant payments via a mobile app.
The US Drug Enforcement Administration demanded a suspected drug dealer's passwords from LastPass (an encrypted vault for storing passwords). LastPass told them to take a hike although it did hand over IP addresses used by the suspect and information about the account's creation and usage.
Alternative data could be a rich source of alpha, but most asset managers are handling it more like high grade explosives due to the risk of privacy violations.
A host of new crypto financial products are launching, just in time to potentially benefit from the renewed interest in bitcoin and other cryptographic assets.
The Regulators have noted that there are no Platforms recognized as exchanges (and therefore regulated as such) in Canada. The consultation with stakeholders aims to benefit the trading public (by way of regulation and improved security over their crypto-assets), and the Platforms themselves, which have indicated such regulation would assist with consumer confidence as the Platforms seek to expand their operations.
South Korea's financial industry will step forward to introduce a general-use digital financial transaction protocol this year so that fintech (financial technology) companies can share financial data and build innovative business models.
Financial sector policymakers are increasingly focused on data rights, touching on such questions as: who owns financial data, what rights do various parties have to use that data and in which ways, and what privacy rights do individuals have.
To maintain its value, NUSD rebalances the basket's composition according to price fluctuations and allows on-chain swapping between stablecoins within its aggregated constituent basket.
A new R3 research paper, "Will Businesses Ever Use Stablecoins?" identifies where stablecoins may fulfil needs within the established financial system.