Inshorts

In Japan, the group of institutes will issue a cryptocurrency payment card. Japanese financial corporation SBI Holdings and the British crypto payment system Wirex announced the creation of a joint venture SBI Wirex Asia, within which a new cryptocurrency payment card for Japanese users will be developed. Wirex already provides Visa card services, the balance of which is replenished with bitcoins and other cryptocurrencies. Specifically for the new project, Wirex will prepare an examination of the blockchain technology, while SBI Holdings will support and scale the company in the Asian market. "Japanese customers are our most active supporters, who use the VISA debit card more often than others in the world. They deserve to have a map, nominated in the yen, and we will soon offer it to them," said Pavel Matveev, CEO of Wirex.

Maltese government takes cryptocurrency related steps. Financial Services Authority of Malta (MFSA) the Mediterranean island country, has published a consultation document to inform those who want to deal with crypto business. The reason that the Authority published the document appeared on the statement, that the main proposals introduced within the new rulebook aim at safeguarding the interest of investors and the integrity of the financial market in the context of virtual currencies. Recently, some countries similarly published introductory documents regarding cryptocurrencies, ICO’s, etc., such as UAE (Dubai), Canada, China and others.

During 2017, blockchain technology has become even more widespread around the world. To date, it is used in financial services, logistics, health, music and many other industries. At least eight states in the US, including New York, Arizona, Illinois and Delaware, have begun work on the legalization of the detachment. More than 80 companies take bitcoin as a form of payment, and the list continues to grow. Among them are the Microsoft Xbox and Windows Store platforms, the online travel agency Expedia and the electronic store Newegg. Decentralized technology also represents a significant step in the field of electronic security. Providing users with control over their data is a significant shift towards the safe storage of data on the Internet.

In Ukraine there will be a commodity exchange on the blockchain. On the online site it will be possible to buy exchange commodities, including products of agriculture, chemical and oil industry. According to company representatives, the new site was named Kyiv Mercantile Exchange (KME). Contracts in electronic form will be able to conclude both large firms and representatives of medium and small businesses. Trial trading successfully passed on October 2 this year. Currently, the service is in the final stage of configuration. A full launch of the trading platform is planned for November of this year.

The Australian Parliament formally passed a law that repeals double taxation of bitcoin. Previously, in the country, actions with bitcoin, namely its purchase, sale or payment of goods by cryptocurrency were subject to double tax. Discussions about the need to adopt such a law have been conducted since 2015, as the situation has long been criticized by representatives of the cryptocurrency industry. According to The Australian, the new rules will be effective from July 1, 2018.

Digitization phenomenon, which is here to stay. As blockchain technology brought more digitization and finance industry is the most influence sector, there are startups to make this integration possible, for example, Polybius, which brings a progressive approach toward the industry with powerful team. Ivan Turygin, Board of Directors member of the group company explains, that Polybius Project is a unique phenomenon, a financial institution of a new type, so it must be run by the strongest team. A few months later, a man from the board of the Swiss division of Credit Suisse Bank will appear as the head of the company. His name has not been revealed yet. It is known that he has ten years of experience as an investment banker with closed deals, for more than $3 bln. Such decisions regarding staff are the strategy of Polybius.

Meet Michael Perklin, computer and security expert, blockchain and cryptocurrency enthusiast, advisor, professor, consultant and software developer. Mr. Perklin holds bachelor’s degree in computer sciences and information security from Sheridan College, also has master’s degree in information security from Davenport University. He has worked in some companies as advisor and software developer, and professor at Sheridan College. After rising cryptocurrencies and blockchain technology, he began work in this field. Currently he is working at Bitcoin Foundation as director, Cryptocurrency Certification Consortium as president, ShapeShift as chief information security officer and also advising at Salt as blockchain security advisor.

Meet Max Kordek, entrepreneur, engineer, investor, blockchain and cryptocurrency enthusiast. Max was born in Germany, in 1991. He has studied at Aachen Technical University (RWTH Aachen) in electrical engineering field. His first and successful business idea was Lisk, a blockchain application, which he co-founded with Oliver Beddows. Lisk currently has more than $630 mln market cap and $10 mln daily transaction volume. Kordek also founded lightcurve, a Blockchain product development studio and consultancy with special focus on coding, marketing and support, tied with Lisk.

Meet David Schwartz, computer and cryptography worm, distributed payment systems and security master, advisor, strategist, engineer and cloud computing expert. David is an electrical engineer, and he has diploma in this field from the University of Houston, Texas, USA. He started his career at his own company, David Schwartz Enterprises, and also worked in the infrastructure of many important companies in the field of cryptography, like Remax, CNN, National Security Agency. Schwartz, known as ‘’JoelKatz’’, now working for Ripple, global money sending company based on blockchain, as chief cryptographer.

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