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Government of Ireland to host two-day blockchain hackathon for public services
Ireland’s Department of Public Expenditure and Reform, in association with The Department of Finance, is going to host Blockathon Ireland. The two-day event aims to identify and analyse potential real-life use-cases of Distributed Ledger Technology (DLT), namely blockchain, in public services.
Wyoming lawmakers introduce bill to clarify classification of digital assets
Lawmakers from the U.S. state of Wyoming have introduced a new bill that seeks to clarify the classification of cryptocurrencies. Republican Jared Olsen, Senator Chris Rothfuss (Democrat), and seven other Republican representatives have filed Senate Bill 125, titled “Digital assets-existing law.” The bill categorizes crypto assets as digital consumer assets, digital securities and virtual currencies.
UK Financial Conduct Authority launches consultation on cryptoasset guidance
The UK Financial Conduct Authority (FCA) announced on Wednesday that it is consulting on guidance for cryptoassets. Once finalized, the guidance will set out the cryptoasset activities that fall under FCA regulation. Accordingly, firms will be able to better assess if they need to get approval from the FCA and ensure if they compliant and have appropriate consumer safeguards in place.
Japan’s Regulatory Sandbox authorizes Crypto Garage to test yen-pegged stablecoin
The Regulatory Sandbox in Japan, managed by the country’s Cabinet Secretariat, has announced the names of the companies that have been selected to test their projects. In an announcement dated January 21, Crypto Garage, a joint venture between Digital Garage and The Tokyo Tanshi Co., Ltd., said that it is the first blockchain and finance project authorized by the regulatory sandbox.
South Korea to develop blockchain-based intelligent system for imported food products
The government of South Korea is planning to leverage blockchain technology to innovate its customs inspection system to ensure the safety of imported food products. The Korea Food and Drug Administration (KFDA) has announced its plans to establish “an intelligent import food integration system” that will use blockchain technology prevent the forgery and alteration of information of imported food.
RBI’s R&D institute proposes blueprint for blockchain adoption
The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India (RBI), has published a blueprint for the implementation of blockchain technology in the banking sector, Business Standard reported.
Saudi-Emirati cross-border cryptocurrency pilot announced
The joint cryptocurrency project between the UAE and Saudi Arabian authorities has been officially announced. At its first meeting in Abu Dhabi, the Executive Committee of the Saudi-Emirati Coordination Council announced seven joint initiatives in important sectors. Among these seven initiatives, the Saudi-Emirati cryptocurrency pilot has also been included.
Acquisitions/Investments/Fundraising
- OKCoin founder acquires majority stake in Hong Kong-listed firm
- Nasdaq Ventures leads blockchain startup Symbiont’s $20M Series B round
- Blockchain Industries, BTHMB sign binding LOI to merge and become publicly traded crypto exchange company
- Indonesian unicorn company Go-Jek acquires Filipino crypto startup Coins.ph
- “Smart banknotes” startup Tangem secures $15M from SBI Crypto Investment
Consortium/Partnerships
- South Korea-based KEB Hana Bank joins Enterprise Ethereum Alliance
- Hyperledger blockchain project announces new project to build supply chain solutions
- Dubai telecom giant du joins Carrier Blockchain Study Group
Digital Currency and Blockchain Initiatives
- Switzerland’s Falcon Private Bank allows direct transfers of cryptocurrencies
- Stock Exchange of Thailand plans to launch digital asset exchange
- Bitwage allows companies to pay crypto salaries via new partnership
- Standard Chartered Singapore completes blockchain-based trade finance deal
- JP Morgan spin-off Kadena launches Blockchain-as-a-Service solution on AWS Marketplace
- Smartrac, Citizens Reserve partner to improve supply chain using blockchain
- Australian startup Power Ledger announces another blockchain-based energy trading project in Japan
- Dutch banking giant ING signs five-year deal with blockchain startup R3
- Port Authority of the Bay of Algeciras joins IBM Maersk blockchain shipping solution “TradeLens”
- Kuwait Finance House launches cross-border remittance service using Ripple’s blockchain
- Securitize joins IBM Blockchain Accelerator program
- WISeKey, BRI partner to create interconnected Blockchain Centers of Excellence around the world
- Seed CX targets institutional investors with bitcoin spot trading
- Binance launches crypto-to-crypto OTC trading desk
- Robinhood and LibertyX latest to receive New York BitLicense
- Overstock.com’s tZERO security token trading platform goes live
- IBM, PNC Bank and healthcare companies collaborate to establish blockchain-based healthcare ecosystem
- British Standards Institution seeks to develop blockchain-based supply chain solutions via OriginTrail partnership
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