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Public Statement Aims to Define Legal Status of Crypto Assets in the UK

News The United Kingdom Jurisdiction Taskforce of the Lawtech Delivery Panel published a statement concerning the status of cryptocurrencies, distributed ledger technology (DLT) and smart contracts under English and Welsh private law. U.K. entrepreneur network Tech Nation announced the paper’s pub..

Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot

News Chinese regulator State Administration of Foreign Exchange (SAFE) expanded its blockchain cross-border financing pilot program. Local news outlet GlobalTimes reported on Nov. 11 that the system now covers 19 provinces and cities, up from nine. The development is unsurprising given that at the..

Global Blockchain B2B Volume Expected to Hit $4.4 Trillion by 2024

News The value of Business-to-Business (B2B) cross-border payments carried out on a blockchain will exceed $4.4 trillion by 2024, after reaching $171 billion this year. According to a press release published by Juniper Research on Nov. 5, the firm’s new report revealed that financial institutions ..

Deutsche Boerse, Commerzbank Settle Tokenized Securities Using DLT

News German securities marketplace Deutsche Boerse and Commerzbank have completed a joint pilot transaction settlement of post-trade securities using digital tokens and distributed ledger technology (DLT). Tokens generated from both commercial bank money and securities While the transaction also i..

Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform

News Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform. Financial technology news outlet FintechFutures reported on the contest’s developments on Oct. 23. Per the report, both ..

University of Malta Introduces Blockchain and DLT Master’s Degree

News A master’s degree in blockchain and Distributed Ledger Technology (DLT) is now attainable at the University of Malta. Fintech-focused news outlet CrowdfundInsider reported on the creation of the new master’s degree on Oct. 21, also noting that about 35 students are enrolled for the course. J..

Blockchain and the Classroom — How DLT Can Improve Education

Analysis Blockchain technology has proven to be a catalyst of change across a wide variety of industries in the years since Bitcoin’s (BTC) inception in 2009. The subsequent creation of various blockchain projects and alternate cryptocurrencies has shown that blockchain technology can provide inno..

Italian Banks Successfully Test Data Reconciliation Via Blockchain

News The Italian Banking Association (ABI) successfully processed the reconciliation data of an entire year of local banking activity on a blockchain platform. The association announced the successful test of the Spunta Project’s system in a press release published on Oct. 12. The successful test ..

Blockchain Adoption as a Cure for Cross-Border Trading

Analysis In August of 2019, both the United States and Thailand announced their plans to test blockchain applications for tracking and managing shipments. The U.S. Customs and Border Protection (CBP) is planning to test a blockchain application against their current system to determine how distrib..

Ex-UBS Head Wants His Crypto Bank to Tap $220B Cryptocurrency Market

News Peter Wuffli, the former CEO of Switzerland’s largest bank UBS and director at Swiss crypto bank Sygnum, wants to tap the “$220 billion market of institutions and private individuals who already own cryptocurrencies.” Local news outlet SwissInfo reported on Sept. 26 that Wuffli has shown exci..

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