Posts in category

Government


The municipal government of Chongqing city, China, is mulling the formation of a “blockchain digital asset exchange,” but no one is quite sure what it means. On Thursday, the Economy and Information Committee, an economic development agency that forms part of the Chongqing government executive body, published five measures the city will take to advance blockchain …

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Australia’s Department of Home Affairs (DHA) is looking to blockchain technology to provide secure and transparent international trade and supply chain management. The department is hoping to modernize international trade management in the country and is pushing for a pan-governmental framework for emerging technologies, including blockchain, AI and the internet of things, to provide real-time …

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China’s government auditor thinks blockchain can “open up a window” to a more streamlined data storage. In an article published Tuesday on its website, the National Audit Office of the People’s Republic of China discussed using blockchain to alleviate the bottleneck caused by its current data storage infrastructure. At present, the office is responsible for a …

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China State Grid Corporation, the country’s state-owned electricity utility monopoly, is looking to blockchain technology to advance its plans for an “Internet of Energy.” In a patent application filed to the China State Intellectual Property Office in November last year and released last week, the energy giant has detailed its exploration of a blockchain-powered system …

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A new Chinese blockchain fund has $1.6 billion available to invest in innovative startups – 30 percent of which is backed by a city government. Dubbed Xiong’An Global Blockchain Innovation Fund, the new initiative was announced Monday at the opening ceremony of a new Blockchain Industrial Park in Hangzhou – a Chinese city noted for …

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The government of Mexico has been quietly working on a project to track bids for public contracts using blockchain, a government official revealed Tuesday. Speaking at a tech conference in Jalisco, Mexico’s national digital strategy coordinator Yolanda Martinez detailed Blockchain HACKMX, a project she said has been in production since last September. The system was …

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Alec Ross was a senior advisor for innovation to former Secretary of State Hillary Clinton and is the author of “Industries of the Future.” He is now seeking the Democratic party’s nomination for governor of Maryland. I’m running for governor. And I believe in the blockchain. Those are two sentences that you’ve probably never seen together. …

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Singapore’s government is launching a challenge that will reward successful blockchain projects with funding. In an announcement Thursday, Singapore’s Infocomm Media Development Authority (IMDA) said the challenge aims to boost blockchain innovation as part of a wider goal of the digital transformation in the city state. According to the fact sheet for the challenge, the bureau …

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Malaysia’s central bank hinted it is planning to integrate Blockchain in its banking sector, its deputy governor revealing ongoing development work in a speech Thursday, March 22. Speaking at the Asian Banker Digital Finance Convention 2018 in Kuala Lumpur, Bank Negara Malaysia’s (BNM) deputy governor Jessica Chew Cheng Lian announced that nine domestic banks had …

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China’s Ministry of Information Technology and Industry has put blockchain standardization high up on its list of priorities for 2018. According to an official announcement on Friday, the ministry’s Information and Software bureau has outlined seven major areas of focus in its 2018 agenda, four of which will cover standardization initiatives that relate to the blockchain …

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The US Securities and Exchange Commission (SEC) is preparing to examine up to 100 hedge funds that deal with cryptocurrencies, a person familiar with the matter told WSJ March 22. The initiative is separate from the dozens of cryptocurrency probes, which mainly target companies the SEC suspects of running afoul of securities laws via Initial …

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A Dutch court classifies Bitcoin as a “transferable value” after the court ruled in favour of a plaintiff who was owed 0.591 Bitcoins (BTC), according to a court document published March 20.   The claim was filed in a Dutch court by Mr. J.W. de Vries on 2 February 2018 against Koinz Trading BV, a non-public …

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The US Department of the Treasury may begin adding digital currency addresses to its sanctions list if they can tie them to a sanctioned individual, according to a document issued March 19. The Office of Foreign Assets Control (OFAC) may add digital currencies addresses and wallets to the Specially Designated Nationals And Blocked Persons List …

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China’s major state-backed Shenzhen Stock Exchange (SZSE) started investigating a company that recently announced plans to open a Blockchain research lab for applications in the medical industry, reports local media Jinse today, March 21. On Tuesday, March 20, SZSE issued a letter ordering healthcare device manufacturer Lifesense to disclose information on its plans to launch …

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An overarching theme for cryptocurrencies in 2018 has been developments in regulatory frameworks around the world. From South Korea, Russia, and the United States, governments and financial regulatory bodies have been hard at work creating new frameworks that will look to settle a continually turbulent cryptocurrency market as well as initial coin offerings (ICOs). In …

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The US National Security Agency (NSA) is reportedly able to locate senders and receivers of Bitcoin around the world, as classified documents provided by Edward Snowden reveal, The Intercept reports March 20. The sources used for this article were disclosed to The Intercept, a publication dedicated to ‘adversarial journalism’ founded by Glenn Greenwald, Laura Poitras, …

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A group of Russian deputies headed by Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, submitted a draft of federal law on cryptocurrencies and Initial Coin Offerings (ICO) regulations to the State Duma, as reported in an official press release March 20. According to the press release, the documents “On Digital Financial …

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Blockchain technology company Bitfury announced it will open an “energy efficient” datacenter in Norway March 20 in a deal with the blessing of the government. In a blog post, the business confirmed it would open two sites around the town of Mo i Rana, investing 274 million kronor ($35 mln) in infrastructure and hiring 30 …

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The US Federal Trade Commission (FTC) has created a Blockchain Working Group to identify and target fraudulent schemes which affect the FTC’s consumer protection and competition missions, according to a blog post published on the agency’s website March 16. According to FTC Acting Chief Technologist Neil Chilson, the internal Blockchain Working Group intends to combine …

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The Hong Kong Securities and Futures Commission (SFC) has stopped Black Cell Technology’s Initial Coin Offering (ICO) on the grounds that the offering constituted an unregistered Collective Investment Scheme (CIS), according to a SFC website bulletin posted today, March 19. Black Cell must now refund Hong Kong investors of their investments in the token, which …

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