Digital Currency and Blockchain Weekly Round-Up – November 30th, 2018
Fri, 30 Nov 2018, 11:30 am UTC
Paxos, Symbiont and others team up to establish Code of Conduct for digital asset markets
Ten leading firms in the crypto and blockchain space have teamed for a new initiative to establish a Code of Conduct for digital asset markets. The Association for Digital Asset Markets (ADAM) is a private organization and will maintain offices in New York and Washington, D.C. It will be the first broad-based organization of its kind in the United States to proactively seek comprehensive standards for digital asset market participants.
U.S. DARPA to host workshop on permissionless blockchain in February 2019
The U.S. Defense Advanced Research Projects Agency (DARPA) is going to hold a two-day workshop on blockchain technology on February 14 and 15, 2019, CoinTelegraph reported. In its official request for information (RFI) posted November 19, DARPA said that it is interested to better understand the implications of technologies for distributed consensus protocols for the Department of Defense (DoD).
U.S. Treasury adds cryptocurrency addresses to sanctions list for the first time
The U.S. Department of the Treasury has announced that it has added digital currency addresses to the sanctions list, administered by the Office of Foreign Assets Control (OFAC), for the first time. The move comes as OFAC added two Iranian individuals – Ali Khorashadizadeh and Mohammad Ghorbaniyan – to its Special Designated Nationals (SDNs) list.
UAE launches two initiatives focused on AI and blockchain technologies
Two national initiatives focused on artificial intelligence (AI) and blockchain technology have been launched at the recently held second UAE Government Annual Meetings in Abu Dhabi. The two initiatives are the AI and Blockchain Guide initiative and the National Programme for AI and Blockchain Capacity Building.
South Korean government to trial blockchain-based online voting system
South Korea’s Ministry of Science and ICT and the National Election Commission (NEC) have announced their plans to develop a blockchain-based online voting system. This was first reported by ZDNet. According to the official release, the new system leverages blockchain technology for storing and verifying voting results. It will go on trial in the private sector in December.
Malaysia to implement new crypto and ICO regulations by Q1 2019
The regulations for cryptocurrency exchanges and initial coin offerings (ICOs) will go into effect in Malaysia by the first quarter of 2019, Finance Minister Lim Guan Eng was recently quoted saying by The Star. Guan Eng officiated the SCxSC Fintech Conference 2018 organised by the Securities Commission Malaysia (SC). He said that, in an update, the SC told him that the regulations are part of its efforts to encourage alternative fundraising avenues and new investment asset classes.
Securities Commission Malaysia explores blockchain application in unlisted and OTC markets
The Securities Commission Malaysia (SC) has revealed the details of its efforts to test the application of blockchain technology in capital markets. In an official release dated November 28, the regulator unveiled “Project Castor” – a pilot project to research and test the feasibility of using distributed ledger technology (DLT) to serve as the underlying market infrastructure for unlisted and OTC markets. Neuroware.io was the technology partner for the project.
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