Inshorts

UK and Hong Kong to Collaborate over FinTech Innovation
May 18,
2017
Poloniex Again Faces Technical Issues

Crypto exchange is facing technical difficulties. Poloniex is increasingly experiencing technical issues. In particular, connection with server periodically interrupts resulting in the increase of complaints on the delayed withdrawals. Representatives of exchange have not yet commented on the reasons of the observed issues.

UK and Hong Kong to Collaborate over FinTech Innovation

London confirms its status of the world’s go-to FinTech Hub. The UK’s Financial Conduct Authority has signed a cooperation agreement with Hong Kong’s Securities and Futures Commission. Under the terms of the agreement, both parties will share information on financial technologies to foster development and innovation.

Skandiabanken Enters the Digital Age

Skandiabanken enters the age of digital currencies. Skandiabanken, internet-only banking service, announced on its integration with the cryptocurrency platform CoinBase.According to the company’s representatives, Skandiabanken will further develop towards the digital assets, not the strategic promotion as it was before. Christoffer Hernes, executive director at Skandiabanken, stated: “We recognize cryptocurrency as an investment class on an equal footing with other securities”.

US Officials to Consider Green Cards for Bitcoin Investors

Bitcoin investors are likely to obtain green cards. US immigration services are actively weighing the question of whether bitcoin can be used to pay for obligations tied to a controversial visa program. Thus, according to the terms of the american Immigrant Investor Visa Program, foreign investors can obtain the EB-5 investment visa, which grants the right to green card, and therefore US citizenship . Under the programme, a minimum level investment in the economy of the USA should be $1 mln.

South Korean to Improve Trade Logistics with Blockchain Tech

South Korean conglomerate launches blockchain logistics service. SK C&C, a subsidiary of SK Group that provides IT services, has developed a logistics system based on blockchain technology that could accelerate digitization of cargo shipping and other logistical services. According to the publication in the local news portal Korea JoongAng Daily, the service will target shipping companies and other supply chain-oriented firms.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

The Cabinet of Ministers of Ukraine has New Project
May 17,
2017
The Cabinet of Ministers of Ukraine has New Project

The cabinet of Ministers of Ukraine launches new project. Vladimir Groysman, Prime Minister of Ukraine rolled out a project about the transition to digital economy. Government programme will focus on the universal digital services, such as digital employments, transition to STEM-education, building technoparks and so on. Prime Minister is sure that the cabinet of Ministers has resources to make growth spurt in the development of the country.

EU Stabilization Fund ESM can Introduce a Blockchain System

Kalin Anev Janse, Secretary General of the European Stabilization Mechanism (ESM), spoke about the advisability of implementing blockchain technology in the work of the fund. ESM provides loans to states, including Cyprus and Greece, in more than € 100 billion, out of a total budget of € 500 billion. In this regard, Zhans suggested creating a blockchain-based platform for loans and repayment of ESM debts.

Emmanuel Macron and Wide Bitcoin Adoption

French crypto community has optimistic expectations about Macron’s financial policy. While he himself hasn’t stated his position clearly, many experts know him as a very pro-tech president, and believe he will support new-startups of the cryptocurrency industry. According to the survey conducted by CoinIdol news outlet, French crypto industry expect that Macron will promote wider adoption of Bitcoin in the country.

Read more: Cryptocurrency Market Players Looking Forward to Macron’s New Policy

Japan’s Bank to Transform Credit Cards Into Digital Currency Platform

Japanese banking giant enters the age of cashless payments. Japanese megabank MUFG is set to position a major credit card unit into a hub for digital currencies and payments in preparation for a societal shift to cashless payments through digital currencies and digital wallets. According to a Nikkei report,the transaction will take place as early as this year.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

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