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Shanghai Gov’t Partners With 6 Banks on Blockchain Alliance for Trade

News The municipal Shanghai government has joined forces with financial institutions to create an alliance to foster the use of blockchain for global trade. The Global Times reported on Nov. 7 that during the China International Import Expo earlier today, the Shanghai Municipal Commission of Comm..

EU Reaffirms Potential Move to Block Facebook’s Cryptocurrency

News The European Union is doubling down on its commitment to block the launch of Facebook’s Libra should it deem the project to present “unmanageable or excessive risks.” A draft document to be discussed at a meeting of E.U. finance ministers this Friday states that “all options should be on the ..

Rep. Davidson Sees Place for Blockchain in US Manufacturing Despite Congress’ Concerns

News United States pro-crypto Congressman Warren Davidson (R-OH) has once again called for clear regulations of blockchain industry to maintain U.S. economic dominance. On Nov. 4, Davidson published a letter in the Wall Street Journal in response to an Oct. 24 report on automation in manufacturing..

President Erdogan: Turkey to Finish Testing Digital Lira in 2020

News Turkey's President Recep Tayyip Erdogan directed that the government should finish testing the national central bank digital currency (CBDC) in 2020. The country’s national blockchain-based digital lira is planned to be issued by the Central Bank in accordance with the 2020 Annual Presid..

Joe Lubin: China Will Avoid Blockchain’s ‘Decentralizing Aspects’

News China’s forthcoming digital renminbi is unlikely to use blockchain, considers Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin. In an interview for CNBC’s Squawk Box Asia on Nov. 6, Lubin argued that the People’s Bank of China (PBoC) has little to gain — for its purposes — from the decen..

New Official Register in San Marino Recognizes and Regulates Blockchain Firms

News The Republic of San Marino has officially adopted the Register of Blockchain Entities, inviting companies in the industry to apply for certification. Companies can apply for blockchain certification onlineThe project was initiated by San Marino’s fully state-owned tech innovation company, the..

Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin

News A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin. Case first brought by the CFTC in April 2018On Nov. 1, the United States Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for..

Bahrain to Provide Fast-Track Setup Program for Fintech Startups

News The Bahrain Economic Development Board (EDB) has introduced a new program to attract more startups to the country. According to a press release on Oct. 29, the investment promotion agency for the Kingdom of Bahrain has introduced a fast-track setup program for startups looking to do business ..

British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money

News The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies, released ta..

French High School Students Will Learn About Bitcoin And Crypto

News France is about to introduce an educational module to its high school curriculum that covers Bitcoin (BTC) and cryptocurrencies. In June, the French Ministry of National Education amended its study plan to incorporate the world’s largest cryptocurrency. French educators are expected to teach ..

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