This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report.
Decentralised Autonomous Organisations (DAOs) are transforming the governance structures within the blockchain and cryptocurrency spaces. Fintech Review looks into their function, their role in fostering innovation, and the significant challenges they face, particularly in terms of legal recognition, security, and scalability.
In April 2024, the country reviewed the legalframework for virtual assets declaring that providers must register and comply with the duty to report to authorities. Looking to do so, and in turn, advance the development of cryptocurrencies in the country, Bybit , the crypto exchange, has expanded into Argentina.
The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. Usage of mixers peaked in 2022, with over US$1.5
In other news, South Korean crypto exchange Upbit revealed that it has lost cryptocurrency worth $49 million. The announcement comes after the Federal Council published a report late last year on the legalframework for blockchain and DLT in the financial sector. Alex Godwin, co-founder of Gladius, said in a statement.
In other separate, individual company news, and germane to the world of blockchain, the B2B payments firm known as PayStand said this week that it has integrated with accounting and bookkeeping software firm Xero , with a goal of optimized B2B payments. The latter firm processes cryptocurrencies such as bitcoin and bitcoin cash.
Cryptocurrency: Chainalysis reported that $23.8 billion in cryptocurrency was laundered in 2022, representing a 68% increase over 2021. The anonymity offered by cryptocurrencies makes them attractive for laundering illicit funds. For 2024, this translates to between $2.22 trillion and $5.54
France is a global innovation leader and has a vibrant crypto community as showcased by the success of Paris Blockchain Week. By creating a standardised legalframework across the EU, MiCA not only increases the accountability of service providers but also fosters consumer confidence in using and investing in crypto-assets.
In a significant development for the United Arab Emirates’ burgeoning virtual asset market, OKX , a global on-chain technology company, has launched a licensed cryptocurrency exchange for both retail and institutional investors in the UAE.
The 500-page, $5,000 applications are an attempt to offer an unequivocal legalframework for businesses to exchange in bitcoin. Zcash made a splash this week in the world of cryptocurrency. New York State finds itself in the midst of a serious backlog of applications for its BitLicenses since they were first issued back in 2015.
However, the fundamental benefits brought about by blockchain technology, the digital assets that can be created thereby, and their application across a wide spectrum of use cases will grow and become of increasing importance in a much wider context.
The platform supports real-time, peer-to-peer transactions and foreign exchange operations, using the mBridge Ledger, a new blockchain infrastructure. The platform now includes a governance and legalframework, tailored to its decentralised nature, enabling real-value transactions and compatibility with the Ethereum Virtual Machine.
Despite being built on the blockchain , many don’t know how DAOs function or their potential impact on different industries. Decentralized Autonomous Organizations Decentralized Autonomous Organizations are an organizational structure that operates autonomously through smart contracts on the blockchain. Let’s understand what DAOs are.
By enforcing compliance with legalframeworks, regulation not only upholds the integrity of the financial system but also safeguards national security interests. Cryptocurrency: The growing popularity of cryptocurrencies like Bitcoin and Ethereum as alternative payment methods has prompted regulatory scrutiny and debate.
To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But those same payments mechanisms must be in compliance with various regulatory and legalframeworks.
In an initial coin offering (ICO), instead of going public on an exchange or raising equity financing, companies instead issue their own cryptocurrency, avoiding the need for bankers at all. JPMorgan, in a trendier approach, has recently embraced blockchain technology. INITIAL COIN OFFERINGS. In 2017, startups raised $5.6B
The MoF’s primary concern stems from Vietnam’s lack of a legalframework for digital assets and cryptocurrencies. Despite global recognition of cryptocurrencies like Bitcoin and Ethereum as virtual assets, Vietnam lacks a legal definition.
Vietnam is the latest country to solidify its interest in implementing blockchain technology safely as the country’s Minister of Finance, H.E. Nguyen Van Thang , recently met with Ben Zhou , co-founder and CEO of Bybit , the cryptocurrency exchange, at the Ministry of Finance headquarters.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content