Aug 22, 2019 at 12:09
Bitcoin Holders in Israel Turn to Court After Central Bank Fails to Set Policy on Cryptocurrency
A number of Bitcoin and cryptocurrency holders in Israel have come out to request local banks unveil policies about digital currency accounts. They are seeking for legal action against traditional banking institutions for their snub to open accounts for clients wanting to deposit cash from digital asset sales. The bitcoin holders are now trying to demand the Bank of Israel and other local financial institutions to make their policies about cryptoasset.
Aug 13, 2019 at 10:38
China is Ready to Launch a Central Bank Cryptocurrency
The world’s most populous country, China, is now more than willing to launch its new state-backed cryptocurrency, according to an official statement from the People’s Bank of China (PBOC). With its population of over 1.4 billion people, if every Chinese decides to use this new stablecoin and may be one more token, the market for cryptocurrencies will see a major boost.
Jul 26, 2019 at 10:07
British Banking Giant Executes a Blockchain LC Transaction
The British multinational banking giant HSBC has successfully completed a blockchain-enabled Letter-of-Credit (LC) transaction. The Bank announced that it was propagated between South Korea and Vietnam. This marks the first blockchain LC operation for both countries and seventh in the world in general.
Blockchain-Based CBDC to be Created in Turkey
Turkey plans on creating its own virtual currency and deploying blockchain into government systems. The government financial authority has included a central bank-issued cryptocurrency in its new 2019 –2023 strategic economic roadmap.
Russian Ministry of Finance Might Allow Cryptocurrency
The Russian Ministry of Finance discusses the possibility of allowing the buying and selling of bitcoin and other major types of cryptocurrency. The legislators and the finance ministry are preparing to draft a law on the circulation of digital currency in the country, and the idea of accepting their trading is under a serious discussion, however, the final conclusion on this matter has not yet been reached, according to Deputy Finance Minister Alexei Moiseyev.
The World’s First Blockchain & Crypto Stamp Presented in Austria
The Austrian Post has presented the world's first special cryptocurrency and blockchain stamp. The groundbreaking special block links the analog and the digital era. From the dirndl embroidery and lederhosen stamp to exceptional items made of porcelain, glass, meteorite dust or sparkling Swarovski crystals in the past few years.
Blockchain Could Prevent Customer Data Leakage in Russia
Blockchain regulation in Russia is still in turmoil, as the technology was proposed to be banned by politicians. However, if implemented properly, it could have prevented a massive leak of personal data from 900K clients of three major Russian banks that happened recently.
Bitcoin Traders in India are no Longer at Ease
Bitcoin and cryptocurrency traders in India are not benefiting from the industry following the ban of cryptocurrency activities by the Reserve Bank of India (RBI) in April last year, and this is making their social life hard. The peer-to-peer (P2P) system that was developed by cryptoasset exchanges has some voids in it and hackers have taken advantage of this to fraud people and most of them have become or are yet to be victims.
Shinhan Bank Unveils a Blockchain System for Loan Approval
The oldest and second biggest banking institution, Shinhan Bank, headquartered in Seoul, South Korea, has adopted blockchain authentication technology for non-face-to-face loans in order to accelerate the loan approval process. The institution, owned by Shinhan Financial Group, announced that it has launched an effective system which validates the documents needed for non-facing loan business in the country by applying blockchain and distributed ledger technology.