A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s…
Financial Action Task Force Urges UK to Improve AML Activities in Cryptocurrency Sector
The Financial Action Task Force (FATF), an intergovernmental financial security body, has demanded the United Kingdom step up its cryptocurrency monitoring. According to a new report released Dec. 7,…
PayPal Launches Blockchain-Based Innovation Reward System for Employees
Major global online payments system PayPal has launched a blockchain-based reward system for its employees. Financial news channel Cheddar reported on the platform launch Thursday, Dec. 6, citing PayPal’s…
Facebook Seeks Blockchain Talent for Five New Company Roles
Facebook has listed five new blockchain-related jobs on its careers page within the past three weeks, two of which were first listed Dec. 5 and 6. The positions currently…
Indian Government Panel Suggests Crypto Dealings Should Be Illegal, Local Sources Say
An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet…
South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error
South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily…
Australia: National Transport Insurance Partners on Blockchain for Food Safety Trial
Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad. The trial was reported by local transport…
Chinese Central Bank Governor Defines STOs as ‘Illegal Financial Activity in China’
The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, English-language local news outlet South China Morning Post…
IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System
The Abu Dhabi National Oil Company (ADNOC) has successfully collaborated with IBM to pilot a blockchain supply chain system, according to an ADNOC press release published on Dec. 9….
Over-the-Counter Trading as the Latest Battleground to Secure Institutional Investment
With the increasing trend for major financial institutions to invest in Bitcoin, United States crypto exchange and wallet provider Coinbase announced the launch of over-the-counter (OTC) trading for institutional…
