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Digital Currency and Blockchain Weekly Round-Up – September 20th, 2019

Fri, 20 Sep 2019, 12:28 pm UTC

US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
The U.S. House Financial Services Committee is going to hold a hearing next week in which it will seek answers from five Securities and Exchange Commission (SEC) commissioners on cryptocurrencies and Facebook’s Libra, among other topics, CoinDesk reported. The one-panel hearing, entitled, “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat,” will be held on September 24.

Germany adopts comprehensive blockchain strategy to block Facebook's cryptocurrency Libra
Germany has passed on Wednesday a comprehensive blockchain strategy that aims to block stablecoins from becoming alternative currencies and threatening state sovereignty, according to Reuters. As per the report, Chancellor Angela Merkel’s cabinet passed the strategy in a bid to alleviate the risks posed by Facebook’s upcoming Libra cryptocurrency.

Turkey plans to create National Blockchain Infrastructure and regulatory sandbox
Turkey is eyeing to become the first country to use blockchain for public administrative services, according to a new road map released by the country’s Ministry of Industry and Technology, as reported by Cointelegraph. Dubbed as Strategy 2023, the Turkish IT Ministry plans to establish the “National Blockchain Infrastructure” to integrate distributed ledger technology (DLT) in public administration. The strategy aims to put a priority on blockchain and DLT within the next 4 years.

North Korea reportedly in early stages of developing bitcoin-like national cryptocurrency
North Korea appears to be the latest country to undertake the cryptocurrency route to avoid international sanctions. Alejandro Cao de Benos, the official in charge of North Korea’s cryptocurrency conferences told Vice that the country is in early stages of developing its own cryptocurrency. The objective, he said, is to “avoid crippling international sanctions and circumvent the U.S.-dominated global financial system.”

UAE’s Ministry of Health and Prevention rolls out blockchain-based system
UAE’s Ministry of Health and Prevention (MoHAP) has rolled out a blockchain-based system that will record and share information of healthcare workers in public and private health facilities under its supervision, Emirates News Agency reported.

Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
Azerbaijan's State Customs Committee is planning to use blockchain technology to exchange information with customs authorities of other countries, Menafn reported citing Trend. Speaking at the second session of the International Caspian Energy Forum, First Deputy Chairman of the committee Ismayil Huseynov said the committee has already started exchanging information with Georgian Customs Department via a new method.

Research Studies

  • Chinese financial institutions increasingly adopting big data, blockchain and AI: Moody’s
  • FxWirePro Poll: Ethereum seen to rise but not recoup 2018’s drastic losses

Company News


Digital Currency and Blockchain Initiatives

  • All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
  • Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
  • PUBLISH’s native token ‘NEWS’ listed on CoinMarketCap
  • Huobi launches fiat-to-cryptocurrency exchange in Argentina
  • Japan's LINE launches crypto exchange platform Bitmax
  • 'Big Four' auditing firm Deloitte lets employees pay canteen food in bitcoin in a trial run
  • Wells Fargo to pilot internal blockchain-based digital currency for payments
  • Marsh, Arch Insurance (UK) Limited launch insurance solution for digital assets ‘Blue Vault’
  • Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
  • Tata Motors looks to collaborate with startups on blockchain-based solutions amid Indian automotive sector slowdown
  • AssetBlock launches new property trading platform tokenizing $60M of real estate on Algorand's blockchain
  • Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
  • Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements

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Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
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Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
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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
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Dubai Economy and six banks launch KYC Blockchain Consortium
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Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
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Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
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