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Know-hows on Different Legislations and blockchain Implementation Profitability in Your Business

*Crypto technology boom is on its peak now and there are still numerous discussions whether it is profitable to use blockchain in your business, or not. Financial companies, retail and even government authorities are using new instruments in their work.* At the same time, there are different approaches to regulations of **blockchain companies** in the world. Some countries accept new ways and ...

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Did Cayman Become a Top Choice for blockchain Business?

... years confirmed that the **Cayman Islands is one of the top jurisdictions for innovative fintech business**. Why is that so? In February 2018, Cayman Premier, Alden McLaughlin, confirmed that statistically, Cayman is now in top-three countries for blockchain entrepreneurs. Since 2012, the special tax-free economic zone, Cayman Enterprise City, functions in Cayman by attracting start-ups that use...

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Dubai International Financial Center is planning to launch the world's first blockchain court

**The Dubai International Financial Centre (DIFC) has partnered with Smart Dubai to establish the world’s first “Court of the blockchain”.** The abovementioned organizations recently announced that they are conducting researches regarding the blockchain technology and how it can be implemented, and used to enforce court rulings and separately on the resolution and mitigation of disputes rel...

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World Bank launches first global blockchain bond-i and raises AU$110 million

**The World Bank created bond-i** (blockchain operated new debt instrument), the world’s first bond to be created, assigned, transferred and administered through its life cycle using distributed ledger technology (blockchain). The bond raised AU$110 million, marking the first time that investors have supported the World Bank’s development activities in a transaction that is fully managed ...

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5 Signs of Booming blockchain Innovation in Australia

... wallabies, the Sydney Opera House. But, Australia, despite its modest population of 23 million, is more than just a faraway tourist destination. The home of kangaroos, koalas, AC/DC, and vegemite is well on its way to becoming a world leader in the blockchain space. Here are at least five signs of blockchain innovation in Australia right now. ***1. Australia Is a World Innovation Center*** ...

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Spanish internal collaboration on blockchain project

...Recently it was announced that **Spanish National Security Market Commission (CNMV)** and several financial institutions, including BNP Paribas, Commerzbank, Banco Santander, Caixa Bank, during the entire previous year have been collaborating on a **blockchain project called Fast Track Listing (FLT)**, which is based on distributed ledger technology. The main purpose of the collaboration is to ...

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A blockchain Education Network: the new era of scholastics

**blockchain technology continues to see expansion into every business sector, including the education system.** The added efficiency and security of implementing of a blockchain protocol is undeniable. The paper-based system that dominates most of the educational networks of the world is grossly outdated, and there is no real global consensus on the overall status of education. These systems...

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blockchain Regulations are on the Way to Malta

Many countries that support **international business** had started to implement **blockchain regulations** during the last months. **Malta** is next in the line according to the plans announced at the **Dubai blockchain Conference**. Which industries will the new regulations cover? Not only blockchain but also **AI** (artificial intelligence) and **IoT** (internet of things). Technologies are...

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Novelties for the blockchain Business and ICOs in Gibraltar

...l regulator of this country, Gibraltar Financial Services Commission, announced new obligation for the companies using distributed ledger technology for storing or transferring values that belong to others. Currently, **DLT** is widely known as blockchain and businessmen with an innovative vision started establishing the firms that use this technology. From now on, **blockchain services** nee...

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Virtual Currency Draft Bill in Gibraltar

**Distributed ledger technology** (DLT), widely known as the **blockchain**, is a stumbling block for many jurisdictions. It is hard to ignore it now due to the fact that dozens of businesses in their activities use virtual technologies and, as a result, virtual currencies. **Gibraltar** is the jurisdiction that, along with the others, starts adding DLT to its scope of regulation. The Gibralt...

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Governmental digitalization in Malta

Recently the **Parliament of Malta considered three bills on distributed ledger technology**. Simply put, distributed ledger technology (DLT) is widely known as **blockchain technology**. Analyzing the provisions of the aforementioned documents, we can certainly say that the public authorities of Malta have a positive attitude towards the blockchain technology. **Malta government authoritie...

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List of ICOs to watch in June

At present, the main concern among cryptocurrency enthusiasts is a sharp drop in the exchange rate. But this does not affect **the popularity of the blockchain technology**. Recently, the **number of new blockchain projects, varying from gaming to artificial intelligence, rapidly increased**. Here are some projects that successfully launched during the previous month and are worth to be revie...

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Switzerland Puts a Hand Over Supervising ICOs

...s. This implies that the requirements for them are stricter than for payment tokens. However, the authority still controls all three types. The European financial regulators community still does not have a unified position about cryptocurrencies, blockchain and ICO. For the time being, Switzerland is a pioneer in this case and these regulations might become a runway for the EU and the UK. **Pot...

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Is Accepting Bitcoin a Reasonable Choice for Banks?

...are ready to create their own currencies to meet the demands of evolving innovations. Not only the Citigroup speaks positively about the Bitcoin, but also other major banks in countries like China, Russia, Japan and others. They already suppose that blockchain technology and cryptocurrencies can solve many problems with trans-border transactions, fund operations and even client services. Most W...

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Coinbase was approved by SEC to list security tokens

...n (SEC) and the Financial Industry Regulatory Authority (FINRA) have officially authorized Coinbase to move forward with the purchase of Keystone Capital after over a month of anticipation. With the SEC supervision **Coinbase will be able to list blockchain-based securities**, a term which will likely include all initial coin offerings. **Coinbase Inc. is planning to establish one of the mos...

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New hype or a real irreplaceable instrument. Contracts of digital age.

Currently **computer algorithms that work on blockchain are crushing and reforming classic financial systems**. However, recently there is a lot more hype surrounding the so called smart contracts. But following this trend, there were a lot of surveys stating that smart contracts are rather vulnerable and unstable instruments. In order to understand the essential thing about smart contracts we sh...

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Why cryptocurrency is the future of electronic cash systems

...l. This has given new opportunities for consumers and businesses around the world to become more connected. A lot has changed since Satoshi Nakamoto’s original white paper in November 2008. We’ve seen major advancements in the capabilities of blockchain technology to empower a better future of P2P payments via cryptocurrencies (despite the Bitcoin dip). When considering the current lands...

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Bitcoin and Cryptocurrency Litigation

...s that surround cryptocurrencies and protect the public from scams and fraudulent activities. Investors themselves must also take necessary precautions before investing in cryptocurrency. For starters, investors should research the concept of the blockchain, which serves as the facilitator for the financial transactions involving cryptocurrency. Transactions could revolve around financial contr...

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Decentralized Internet – Affordable Resources And Privacy On The Web

...rface and provides browsers and links so people can navigate to websites. You may be thinking that a decentralized internet could bring a better user interface then. But anyone experiencing the user interface of typical cryptocurrency wallets and blockchain sites might well be skeptical. The web implemented a number of design choices reasonable people might well argue against. But centraliza...

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Bermuda Warns: Virtual Currency Shall Not Pass

Each jurisdiction makes and individual decisions on the matters of **cryptocurrency business**. We have already informed you about the countries whose reception of blockchain is mostly positive and the new legal initiatives are giving business space to work. However, it is not about **Bermuda**. Currently, this territory is not against cryptocurrencies, but the Bermuda Monetary Authority has ...

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Cyprus Securities and Exchange Commission is planning to establish an Innovative Hub

... promoting closer ties with these fledgling but fast-growing industries, we aim to best protect investors by fully understanding the risks and benefits these new products bring.”* CySEC seems to be particularly interested in distributed ledger (blockchain) technology. Since this type of innovative technology of the financial industry not only has a lot of benefits, but also brings forth a gre...

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Hedge fund billionaire joined crypto market

...ing crypto branch projects**. **During this year cryptocurrency-focused hedge funds have rapidly grown in numbers**, as entrepreneurs are trying their best to satisfy the increasing demand from traditional investors. Simpson suggested that among blockchain's many use cases, two were not in doubt: *"It's still up in the air if people want to do a number of thing on the blockchain. We're stil...

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