Verification

OECD developed a set of anti-money laundering methods that covers manipulations with digital currencies as well as fiat currencies. Such measures include adequate verification of customers for transactions exceeding $1,000, sanctions for legal violations, and registering the subjects that provide crypto related services.

The Malaysian Ministry of Education (MoE) is now using Blockchain to fight degree fraud in order to maintain the reputation and ethics of universities across the country. Malaysia itself is ranked among the top five Asian Nations when it comes to the field of education.

Malware which targets Crypto ATMs is being sold on secret platforms and enables users to illegally steal up to $6,750 in Bitcoin per day.

University College Oxford has officially established a new big centre for Blockchain technology research.

KDDI, a giant telecom and Hitachi, a Japan-based technology conglomerate, have begun testing a big blockchain-based system that can fix retail payments validated with the help of shoppers' fingerprints.

The US Patent and Trademark Office (USPTO) has announced a patent application from Mastercard for a system and method that uses blockchain technology for payment card verification at the point-of-scale (PoS). Mastercard filed this patent in December 2016.

Great news from the Tokenbox project - the team presented the alpha version of the crypto assets management platform. First users are welcome to test the basic features of the platform.

One of the more useful applications of blockchain technology is its potential ability to help realize decentralized identity authenticators. This application would be a huge benefit to many businesses, especially those in in the financial sector that are subject to burdensome and expensive KYC and anti-money laundering laws.

MasterCard, the world’s payments colossal, is planning to patent a way to add a new node to a blockchain network quickly, according to new filings revealed recently.