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Digital Currency and Blockchain Weekly Round-Up – November 9th, 2018

Nov 09, 2018 11:34 am UTC

PBoC now targets airdrops in its cryptocurrency crackdown efforts
The People’s Bank of China (PBoC) is now targeting airdrops as part of its efforts to crack down on cryptocurrencies and initial coin offerings (ICOs) in the country, CoinDesk reported. The PBoC has released its financial stability report for 2018 in which it has highlighted the growth in disguised ICOs including airdrops – the free distribution of cryptocurrency tokens or coins.

French lawmakers push for lower crypto tax
The Finance Commission of France’s lower house of parliament, the National Assembly, has backed a plan to cut the tax on bitcoin sales, Reuters reported. The finance commission on Wednesday adopted an amendment to the 2019 budget bill that would reduce the tax on the sale of cryptocurrencies such as bitcoin to 30 percent.

South Korean lawyers urge government to establish cryptocurrency laws
South Korean lawyers urging the government to quickly establish a regulatory framework for cryptocurrencies, Reuters reported. The Korean Bar Association (KBA) is pressing for cryptocurrency laws in the country with the objective of fostering the domestic crypto industry and to protect investors.

South Korean customs officials tap blockchain technology to clear e-commerce goods
South Korea’s Ministry of Science and ICT, in collaboration with the Korea Customs Service (KCS), has announced its plans to build a blockchain-based e-commerce goods customs clearance system. The main goal is to automate the existing system to reduce the inefficiencies in clearing goods purchased through direct buying at overseas online stores, according to Aju Business Daily.

Mauritius Financial Services Commission to issue custodian services licence for digital assets
Mauritius’ Financial Services Commission (FSC) has published a draft on regulatory framework for ‘Custodian Services (Digital Assets) Licence’ and is seeking public feedback on the same. The consultation period will conclude on 30 November 2018.

Switzerland’s FINMA recommends 800 pct risk weighting for bank crypto trading
The Swiss Financial Market Supervisory Authority (FINMA) has issued guidance for banks that engage in cryptocurrency trading, swissinfo.ch reported. When calculating loss-absorbing capital buffers, banks should risk weight crypto assets at eight times their market value, the regulator said in a recently issued letter to EXPERTsuisse, viewed by the news portal.

Taiwan amends AML/CFT law to crack down on anonymous cryptocurrency transactions
The Legislative Yuan, the Taiwan-based unicameral legislature of the Republic of China, has passed amendments to the country’s existing anti-money laundering and terrorism financing prevention laws that regulate cryptocurrency transactions, Focus Taiwan reported.

Research Studies

Fundraising/Investments/Acquisition

  • Blockchain startup Bitfury completes $80M private placement

Partnerships/Consortiums

Digital Currency and Blockchain Initiatives

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Nov 15, 2018 (Thursday)
11:25
75 pct Irish people unwilling to consider career in blockchain technology: Study
10:23
American restaurant chain Sweetgreen plans blockchain push following $200M funding
10:11
Decentralized exchange EOSDAQ lists KEOS tokens
08:45
Smithfield Foods joins Subway, Tyson Foods and others in Food Industry Blockchain Consortium
06:36
Telecom giant Telefónica seeks to streamline core business processes using IBM Blockchain
06:03
Gibraltar Stock Exchange forms joint venture with fintech firms to develop blockchain technologies
04:44
Singaporean crypto startup KuCoin secures $20M in Series A round from IDG Capital, Matrix Partners, and Neo Global Capital
04:12
H&M subsidiary Arket trials blockchain for product traceability
03:28
Kakao’s blockchain platform Klaytn teams up with stablecoin project Terra
Nov 14, 2018 (Wednesday)
11:42
MAS, Bank of Canada begin work to link respective blockchain platforms
10:11
SIX Swiss exchange expects blockchain-based platform to replace existing system in 10 years
07:02
Circle Invest launches crypto reward program for new users
06:10
Thailand’s Democrat Party taps Zcoin’s blockchain for e-voting system in primary election
05:14
Chinese city of Loudi rolls out blockchain platform for real estate data
04:05
Crypto exchange OKEx adds support for Vietnamese Dong to C2C trading market
03:38
Shell and BP-backed VAKT to launch blockchain platform to digitize commodities trading industry by end of 2018
Nov 13, 2018 (Tuesday)
14:12
HSBC joins blockchain startup Axoni's Series B funding round
11:14
CSIRO’s Data61, CBA successfully complete trial of blockchain-powered smart money
09:51
Nine leading shipping companies team up for new blockchain consortium
07:21
Transoil International, Solaris Commodities conduct blockchain pilot for Black Sea wheat
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