Central Banks and the IMF Warm Up to (Centralized) Digital Currencies

[ad_1] Sweden’s central bank, the Riksbank, is considering whether the country should introduce a purely digital form of government-backed money, perhaps using distributed ledger technologies (DLTs) similar to the blockchain technology underlying Bitcoin. This move is part of a recent trend: around the world, nations are considering cryptocurrencies issued by central banks; and recently, the … Read more

Particl Matures With Feature Push and New Wallet App Release

[ad_1] While governments and mainstream media still equate privacy with only “bad things” as demonstrated by Europol’s recent report, the Particl Project has over delivered on its roadmap and quietly made big leaps in building apps for its decentralized privacy platform. Particl’s most recent advancements include the release of a new multi-signature wallet, user interface updates … Read more

Op Ed: The SEC Is Watching Cryptocurrencies, So Beware — But Don't Overreact

[ad_1] A startling trend has recently emerged in the cryptocurrency industry. Since July 2017, the U.S. Securities and Exchange Commission (SEC) has regularly begun asserting itself in this space. It has taken various actions against several companies relating to their Initial Coin Offerings, or “ICOs,” or other cryptocurrency activities. It investigated The DAO, an online … Read more

Op Ed: Where Pseudonymous Cryptocurrency Transactions Meet AML Reporting Requirements

[ad_1] Two months ago, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”), working with the U.S. Attorney’s Office for the Northern District of California (“USAO”), assessed a civil money penalty of over $110 million against BTC-e (aka Canton Business Corporation) for willfully violating U.S. anti-money laundering (AML) laws. Alexander Vinnik, a Russian national who was … Read more

GoldMint Partnership Signals Strategic Advancement

[ad_1]   GoldMint, a blockchain-based startup that helps gold owners profit from digital assets backed 100 percent by physical gold, recently announced an innovative collaboration with the mineral production company Eurasia Mining. GoldMint’s board of directors and nominated advisors demonstrate significant experience in the rapidly developing world of blockchain technology. Their creative vision is to … Read more

Op Ed: How the Blockchain and Distributed Ledgers Will Transform the Real Estate Market

[ad_1] In its “Distributed Ledger Technology: Beyond Block Chain” report published in 2016, the U.K. Government Office for Science deemed the impact of blockchain and other distributed ledger technologies (DLTs) “probably as significant” as foundational events such as the creation of the Magna Carta and the steam engine. In the real estate market, the introduction of … Read more

South Korea's ICO Ban: A Reaction to "Serious Concerns" Over Cryptocurrency Investment Practices

[ad_1] The South Korean Financial Services Commission (FSC) has announced it will ban all forms of initial coin offerings (ICOs). After a meeting to discuss virtual currency control, the vice-chairman of financial affairs, Kim Yong-bum, made this comment as part of an official statement: “We expressed a serious concern that the recent inflow of funds … Read more