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Digital Currency and Blockchain Weekly Round-Up – January 3rd, 2020

Fri, 03 Jan 2020, 12:09 pm UTC

China’s securities regulators suspect crypto resurgence amid blockchain push
Following the recent blockchain push in China spurred by President Xi Jinping, the country’s securities regulator is suspecting “serious violations” of the "Announcement on Preventing the Financing Risk of Tokens" made in 2017. The China Securities Regulatory Commission (CSRC) issued a risk warning on Dec. 27 stating that “virtual currency trading activities are showing signs of resurgence in the country,” particularly highlighting crypto trading services, zero-interest loans, and digital currency mortgage provision, among others.

Guangdong government launches blockchain-based financing platform for SMEs
The government of Guangdong province in China has rolled out a blockchain-based financing platform that will help small companies receive loans from commercial banks quickly, CoinDesk reported citing a report from Sina Finance. In a press release, the government said that the platform launch is in line with Chinese President Xi Jinping’s blockchain endorsement. The objective, it said, was to address the financing challenges faced by SMEs, including information asymmetry, and the existing slow and expensive process.

National Payments Corporation of India unveils blockchain platform for automated payment, clearing and settlement
The National Payments Corporation of India (NCPI) has announced a distributed ledger platform for automated payment, clearing and settlement. Called “Vajra Platform,” the distributed ledger technology (DLT)-based system has been designed for automating payment clearing and settlement processes of NPCI products.

Turkey’s Takasbank launches blockchain-based transfer platform for digital gold
Turkey's Istanbul Clearing, Settlement and Custody Bank (Takasbank) has announced the launch of its blockchain-based transfer platform for digital gold, Cointelegraph reported. Called BiGA Digital Gold, the blockchain-based platform will enable banks to carry out the issuance, repayment and transfer of digitized gold.

National project on blockchain-based sureties management in Italy to begin in January 2020
Italian tech company SIA has announced that a trial of the national project aimed at digitizing the management of sureties using blockchain technology will kick off in Jan. 2020. Called the “Fideiussioni Digitali” initiative (Digital Sureties), the project is promoted by CeTIF, SIA and Reply, in collaboration with Bank of Italy and IVASS.

Treadway Commission to issue guidance on blockchain in Q1 2020
The Committee of Sponsoring Organizations of the Treadway Commission (COSO), an organization focused on combating corporate fraud, will be issuing guidance for supply chain management and financial services companies looking to implement blockchain technology, The Wall Street Journal reported. As per the report, the guidance, expected to be released in the first quarter of 2020, is part of COSO’s efforts to strengthen its oversight of projects that leverage blockchain technology.

Company News

  • PUBLISH accepted into government-backed Seoul Blockchain Support Center’s incubation program
  • SEC seeks Telegram’s bank records to know how ICO funds were spent
  • South Korea’s tax agency NTS to withhold $69M from crypto exchange Bithumb’s foreign clients
  • Poloniex forces password reset for all accounts after data leak
  • China’s securities regulator CSRC receives application for blockchain ETF
  • Coinbase Wallet could remove dapp browser functionality to comply with Apple’s policy


  • Nigeria's telecom regulator backs blockchain-based WiFi sharing startup Wicrypt
  • Former MakerDAO contributor announces $4M donation to Carnegie Mellon University for DeFi research
  • Binance backs crypto derivatives exchange FTX

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Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
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