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Facebook Libra: The Latest Crypto Used in Illegal Financial Activities?

“With the evolution of virtual currencies and new marketplaces, nefarious actors are continuously adapting to find new ways to engage in illegal financial activity.” said U.S. Representatives Emanuel Cleaver, during the briefing with Financial Crimes Enforcement Network (FinCEN) on 27 June. The discussion with FinCEN focused on the use of AI and ML technology to … Continue reading Facebook Libra: The Latest Crypto Used in Illegal Financial Activities?

UK Financial Conduct Authority: We Will Not Regulate Bitcoin and Ether

The British Financial Conduct Authority (FCA) has confirmed that they will not be regulating cryptocurrencies such as Bitcoin and Ether as it falls out of their perimeter.  The FCA first issued a finalized policy statement on digital assets titled “PS19/22: Guidance on Cryptoassets”. This policy statement update is in response to the feedback received from the previous … Continue reading UK Financial Conduct Authority: We Will Not Regulate Bitcoin and Ether

Fighting for Monetary and Financial Freedom

If we want to understand why blockchain will disrupt and uproot our current monetary and financial system, we need to understand the following: the history of currency; what is a currency; why currency exists; and the relationship between currency and wealth. Then we look at three key aspects (money form, money issuance, and the flow … Continue reading Fighting for Monetary and Financial Freedom

The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem

As the financial media outlets are pushing Bitcoins with all her energy, a Harvard University Professor of Economics and Public Policy Kenneth Rogoff ascribed as a crypto Evangelists and has released some publications in the field of cryptocurrency opines that, with the massive push cryptos are getting, there would be a comprehensive market takeover where … Continue reading The Fate of Cryptocurrencies in a Fast-Changing Financial Ecosystem

iSunOne-MPC Partnership to Develop First-Ever Islamic Financial Blockchain System in Malaysia

iSunOne, a financial services company, has collaborated with Malaysia Productivity Council (MPC) to develop the first-ever Islamic financial network based on blockchain technology. Explicitly, MPC was created as a joint undertaking between the Malaysian federal government and the United Nations Special Fund. iSunOne is expected to be allocated more funds for the project, whereas MPC … Continue reading iSunOne-MPC Partnership to Develop First-Ever Islamic Financial Blockchain System in Malaysia

Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

September 16th marks the kickoff of the Gartner IT Symposium/Xpo 2019 in Cape Town, South Africa, with Blockchain being one of the technologies that this event plans to tackle, there is also a major interest in how this technology will be affecting certain industries in the coming years. With increasing interest in Blockchain, the firm is … Continue reading Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

UK Financial Watchdog Increased Crypto Investigations by 74% in 2019

The Financial Conduct Authority (FCA), the primary financial regulatory body in the United Kingdom, has seen a sharp rise of 74% in crypto-related investigations in 2019.   According to a Financial Times report, the 74% increase was seen when compared to the number of inquiries the FCA made between January and October of 2018. The report stated … Continue reading UK Financial Watchdog Increased Crypto Investigations by 74% in 2019

G7 Reports Stablecoins Like Libra Threaten Financial Security

According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system. The G7 report stipulates that even if member firms of the governing Libra Association properly addressed regulatory concerns, it may well not be approved … Continue reading G7 Reports Stablecoins Like Libra Threaten Financial Security

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

On Oct.15th, the Securities and Commodities Authority (SCA), an organization responsible for regulating and developing the financial market of the United Arab Emirates, released a draft on its website containing their tentative resolutions on how the crypto market will be regulated. In line with the report, the 28 articles contained in the draft resolution address the … Continue reading Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

On Oct. 17, CIMB Bank Singapore and iTrust successfully finished their first trade financing transaction. It was founded on iTrust’s functional Blockchain and Internet of Things (IoT) structure.  This collaboration has been exceptional as it has set the ball rolling in the blockchain trade financing arena. Notably, it is the first-ever to be accomplished.  According … Continue reading CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

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