Search Results for: Services

South Korea’s Largest Bank Reveals Crypto Custody Service Filing and Potentially Even More Crypto Services to Come

The largest bank in South Korea, KB Kookmin Bank has revealed its filing of a trademark application for KB Digital Asset Custody (KBDAC), its crypto custody service. The crypto custody service will be made available for assets including Bitcoin (BTC) and Ether (ETH). The trademark application was filed with the Korean Intellectual Property Office, as … Continue reading South Korea’s Largest Bank Reveals Crypto Custody Service Filing and Potentially Even More Crypto Services to Come

What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are muddled in complexity. According to an official announcement, blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will … Continue reading What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

Sony Reveals New Blockchain-Based Data Sharing System to Revolutionize the Future for Public Transportation Services

Japanese conglomerate Sony has announced a new successfully developed blockchain system, Mobility as a Service (MaaS) to provide people with data regarding optimal travel routes for using different types of transportation services.  The new blockchain system integrates data and service provision of different forms of transportation, including trains, buses, taxis, car-sharing, and on-demand rental bikes. … Continue reading Sony Reveals New Blockchain-Based Data Sharing System to Revolutionize the Future for Public Transportation Services

China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

China’s Blockchain Services Network (BSN), ChinaChain has been opened for commercial use after six months of internal testing. As large gatherings are banned during the coronavirus pandemic, a virtual press conference was held on Saturday in Beijing for the unveiling of the BSN project.  Blockchain.News previously reported that the Chinese government’s State Information Center revealed … Continue reading China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

Crypto Debit Card Services Hit Hard as UK Financial Watchdog Suspends Wirecard Subsidiary

United Kingdom’s Financial Conduct Authority (FCA) has suspended Wirecard Card Solution Ltd,  Wirecard’s subsidiary responsible for the issuance of Visa crypto debit cards.   The regulator requires the Wirecard’s subsidiary to stop conducting any of its regulated activities, not to dispose of any of its funds, and must communicate on its official website as well … Continue reading Crypto Debit Card Services Hit Hard as UK Financial Watchdog Suspends Wirecard Subsidiary

Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services

Lawyers working within the metropolitan area of Washington DC can now accept cryptocurrency payments for legal services so long as the fee agreement is reasonable and fair, and the lawyer is able to safeguard their digital assets, the District of Columbia Bar stated in its ethics opinion. It’s ethical for lawyers to accept crypto According … Continue reading Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services

Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain

Alibaba subsidiary Ant Group CEO Simon Hu is accelerating Alipay’s progression into an online mall for commerce, food, travel services to rival Tencent Holdings Ltd. Ant Group Chief Executive Simon Hu has been in discussions regarding digital payment and cloud offerings with KFC and Marriott International, aiming to diversify its focus from traditional banks and … Continue reading Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain

Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner

According to Jiji Press on July 7, the Japanese government has named Ryozo Himino as the next commissioner of the country’s Financial Service Agency (FSA). The crypto-friendly leader is likely to push positive reforms in the industry. A formal announcement is expected to be made later within this month. Currently, Himino serves as the International Financial … Continue reading Japan Appoints Crypto-Friendly Leader as New Financial Services Agency Commissioner

Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono

Japan’s Financial Services Agency (FSA) confirmed its plans for hiring Ryozo Himino as the new commissioner of the financial watchdog group.  Watch Out for Himino On July 20, the update was publicly announced and Himino was officially listed as the head of the watchdog group. The financial custodian was transferred internally and previously played a part in the security agency as International Financial Deputy Counselor. He was … Continue reading Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono

US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers

The United States Office of the Comptroller of the Currency (OCC) issued a public letter on July 22, clarifying that federal savings associations and national banks have the legal right to take custody of crypto-assets. The OCC is an independent bureau within the US Department of The Treasury and was established to supervise, regulate, and … Continue reading US Federal Regulator Says Banks Can Offer Cryptocurrency Custody Services to Customers

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