Digital Currency and Blockchain Weekly Round-Up – April 12th, 2019
Fri, 12 Apr 2019, 11:53 am UTC
China’s NDRC considers banning crypto mining activities
The National Development and Reform Commission (NDRC), a macroeconomic management agency under the Chinese State Council, is considering eliminating bitcoin mining activities in the country, Reuters reported. The state planner is seeking public opinion on a revised list of industries that it intends to encourage, restrict or eliminate.
G20 leaders to agree on crypto AML/CFT regulations in June: Report
G20 member countries are going to discuss international cryptocurrency Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) regulation at the Finance Minister and Central Bank Governors meeting on June 8 and 9 in Fukuoka, Japan, Cointelegraph reported referring to a report from Kyodo. The finance ministers and central bank governors of the member countries are expected to reach an agreement on the new regulations at the meeting.
Financial Stability Board published crypto-assets regulators directory
The Financial Stability Board (FSB), an international body monitoring the global financial system, has published a Crypto-assets regulators directory. In a press release dated April 05, the FSB said: “The purpose of the directory is to provide information on the relevant regulators and other authorities in FSB jurisdictions and international bodies who are dealing with crypto-asset issues, and the aspects covered by them.”
US Energy Department’s NETL kick off second phase of blockchain power plant security project
The National Energy Technology Laboratory (NETL), part of the U.S. Department of Energy (DOE) national laboratory system, has announced that it has commenced the second phase of a project that aims to prevent cyberattacks on power plants using blockchain technology. The $1 million research project will be carried out with Colorado-based Taekion, formerly Grid7.
South Korea mulls revising cryptocurrency regulations
The South Korean government is considering revising the regulatory framework on cryptocurrencies, Cointelegraph reported referring to local media outlet ZDNet Korea. At a recent conference, top government officials have reportedly said that it was about time to re-evaluate cryptocurrencies policies to encourage the growth of this emerging market.
South Korea’s Internet agency announces 12 blockchain pilot projects for 2019
The Korea Internet and Security Agency (KISA) has announced the 12 projects selected for '2019 Blockchain Public Pilot Project' that will aim to innovate public services and discover best practices by applying the blockchain technology. Focus areas include disaster prevention and response service, defense, medical and healthcare, part-time worker rights protection, food safety management certification service platform, carbon credits history management system, and renewable energy certificate (REC) service, among others.
Mauritius FSC publishes regulatory guidance on security token offerings
The Mauritius Financial Services Commission (FSC) has published regulatory guidance on security token offerings (STOs). The document states, ““Securities tokens” are “securities” as defined in the Securities Act 2005, represented in digital format.”
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