Ho Chi Minh City to Develop Blockchain Regulations for Smart Cities

Ho Chi Minh City plans to develop a regulatory framework for blockchain technology and how it is applied to smart city development. Ho Chi Minh City will develop a blockchain-oriented regulatory framework for the development of smart cities.  Tran Vinh Tuyen, Vice Chairman of the Ho Chi Minh’s People’s Committee, announced the news during the sixth annual international conference of Saigon High-Tech Park (SHTP), Viet Nam News reports Nov. 11. At the same event, the SHTP, an incubator for high tech businesses, signed a memorandum of understanding with South Korea’s…

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Regulated Swiss Crypto Bank SEBA Opens Doors

Regulated Swiss cryptocurrency bank SEBA is now fully operational for professional investors and enterprise clients. Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12. As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year. A fully-fledged, regulated crypto bank According to the announcement, the bank’s services are now fully operational for…

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Unilever, O2 and Sky Join Blockchain Pilot for Digital Ad Transparency

Unilever, O2 and Sky are among the latest big firms to sign on to a blockchain pilot program designed to improve trust and transparency in digital advertising. Unilever, O2 and Sky are among the latest big firms to sign on to Jicwebs’ blockchain pilot program designed to improve trust and transparency in digital advertising. The news was revealed in a Nov. 12 report from United Kingdom-based industry magazine Campaign. Industry involvement Jicwebs — an acronym for the U.K. digital ad trading standards body, the Joint Industry Committee for Web Standards…

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Australian Man Arrested for Unregistered Crypto Transactions

Australian law enforcement arrested a 38-year-old Australian man for violating Anti-Money Laundering laws by operating an unregistered cryptocurrency ATM. Australian law enforcement arrested an unnamed 38-year-old Australian man for performing unregistered cryptocurrency transactions.  The police department of Victoria announced on Nov. 12 that the man has been arrested at his address in the town of Cairnlea. The joint report from the Victoria Police and Australian Transaction Reports and Analysis Centre (AUSTRAC) reads:  “Detectives from the E-Crime Squad have arrested a man today as part of an investigation into unregistered cryptocurrency…

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Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’

Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as cryptocurrency forks, airdrops and staking. The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops and staking.  The rules were announced during the Fordham Law Blockchain Regulatory Symposium in New York on Nov. 11, according to a thread of tweets published by Wyoming Blockchain Task Force president Caitlin Long. “First-ever” regulatory provisions for crypto custodians in many…

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The Importance of Supporting a Robust Developer Ecosystem

In projects which focus on high-performance blockchain technology, developer community is essential to the nascent growth. Blockchain development communities cultivate the healthy growth of an open-source software platform. “It takes a village to raise a child,” is a popular saying that emphasizes the role of a larger group to properly nurture and develop the youngest members of society. The same holds true for young businesses. Without the endorsement of its 16 million-plus backers, Kickstarter projects would not come to fruition. Twitter would surely not have evolved into one of the…

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Ex-Fed Chair Greenspan: ‘No Point’ in Central Bank Digital Currencies

Alan Greenspan, the former chair of the United States Federal Reserve, has said there’s “no point” for central banks to issue their own digital currencies. Alan Greenspan, the former chair of the United States Federal Reserve (Fed), has said there’s “no point” for central banks to issue their own digital currencies. According to a CNBC report on Nov. 11, Greenspan made his comments during the annual economic outlook conference hosted by Chinese financial magazine Caijing. No point in Libra either Greenspan’s argument reportedly hinged on the fact that national fiat…

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Bitcoin Price ‘Ranging’ Continues as Trader Says $8,400 Could Be Next

Bitcoin hardly moves in the past 24 hours but fails to overcome $9,000 resistance, remaining in a lower range, which could bottom below $8,500. Bitcoin (BTC) was struggling to recapture $8,800 on Nov. 12 after selling pressure sent the largest cryptocurrency broadly lower late on Monday. Cryptocurrency market daily overview. Source: Coin360 Bitcoin fails to gain momentum to break $9K Data from Coin360 showed BTC/USD trading between $8,700 and $8,800 on Tuesday morning, having fallen to local lows of $8,630 in the past 24 hours.  Despite volatility waning in recent…

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Canada’s Largest Bank Mulls Crypto Exchange After Bitcoin Ban — Report

Royal Bank of Canada previously stopped account holders buying Bitcoin with its cards, but is now reportedly interested in launching a crypto trading platform. A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange.  As innovation economy news outlet The Logic reported on Nov. 11, the Royal Bank of Canada (RBC) is now rumored to be considering the plans. RBC reportedly planning multifunctional exchange RBC is the largest bank in Canada by market capitalization, with $661…

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China Digital Currency ‘Not Seeking Full Data Control’ — Central Bank

A senior official at the People’s Bank of China says it will listen to public demand to retain notes and coins, in line with previous cash protection measures. China is not launching a war on cash by introducing its own digital currency, a senior official from the central bank has said.  As Reuters reported on Nov. 12 quoting Mu Changchun, head of the digital currency research institute at the People’s Bank of China (PBoC), Beijing still intends for the new currency to complement the paper yuan.  PBoC “knows” public wants…

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