Digital Currency and Blockchain Weekly Round-Up – October 5th, 2018
Fri, 05 Oct 2018, 12:11 pm UTC
US lawmakers introduce new bill to establish common definition of blockchain
US lawmakers have recently introduced a bipartisan bill to the House of Representatives that seeks to establish “a consensus-based definition of blockchain,” CoinDesk reported. Congresswoman Doris Matsui and Congressman Brett Guthrie have introduced H.R. 6913, the “Blockchain Promotion Act of 2018” in September.
European Securities and Markets Authority budgets €1M to monitor crypto-assets and fintech
The European Securities and Markets Authority (ESMA) has budgeted over €1 million to monitor financial innovation including cryptocurrencies. The regulator has published its “2019 Annual Work Programme” this week, which outlines ESMA’s key focus areas for 2019 and related budget and staffing numbers.
Seoul to go big on blockchain, announces ₩100B startup fund, business complexes and more
Seoul Mayor Park Won-soon on Thursday announced a five-year plan to foster blockchain ecosystem, Yonhap News reported. Park announced a number of initiatives that aim to make Seoul a hub for blockchain development and innovation.
HM Land Registry looks to R3’s Corda blockchain platform for faster and simpler services
Her Majesty's Land Registry, a non-ministerial department of the UK government, has announced that it is exploring blockchain technology for faster and simpler services. HM Land Registry has partnered with software firm Methods, which will utilize R3’s Corda for the second phase of Digital Street. Methods will be supported by a team of global experts from R3, Blockchain Digital, and their wider partner network.
Bank of Thailand pilots blockchain technology in savings bond sales
The Bank of Thailand (BoT) has announced that it has initiated a pilot of the DLT Scripless Bond Project that utilizes blockchain technology. The central bank said that it has started to look at the benefits of distributed ledger technology (DLT) and selected the savings bond sales processes as its first use case.
Reserve Bank of India denies setting up blockchain and AI research unit
The Reserve Bank of India (RBI) has refuted recent reports that suggested it established an AI and blockchain technology-focused research unit. In response to a RTI query from Coin Crunch India, the central bank said, “There is no new unit created formally in RBI for the purpose (Blockchain, Crypto and AI) mentioned in RTI query. Therefore there is no information to furnish in the matter”.
Indian government think tank taps blockchain to fight fake drugs
Indian government think tank NITI Aayog is seeking to leverage cutting-edge technologies to curb the rampant distribution of fake drugs in the country, The Hindu reported. On these lines, NITI Aayog has entered into an agreement with cloud services provider Oracle, hospital chain Apollo Hospitals, and pharmaceutical manufacturer Strides Pharma Sciences.
Google to roll out new changes to reduce risk of cryptojacking and hacks
Google is implementing stricter rules for Chrome extension developers – a move that should help reduce the risk of cryptojacking and hacks, CoinDesk reported. In an online post on Monday, the search engine giant announced a number of upcoming changes which include user controls for host permissions, changes to extensions review process, new code readability requirements, and more.
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