Bank of Thailand Launched the First Blockchain-Based Government Savings Bond Platform

The Bank of Thailand (BOT) launched the world’s first government savings bond issuing platform using IBM’s blockchain technology. According to IBM’s official announcement on Oct. 5, 2020, the central bank sold more than USD 1.6 billion worth of savings bonds in just two weeks of the launch. Earlier, the sale of government …

FinCEN Director Warns U.S Banks About Crypto Risk Exposure With AML Programs

The U.S. Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco has warned U.S. banks to think seriously and that it is closely watching how they respond to crypto risk exposure with their AML programs. In Las Vegas this week, during the virtual 2020 ACAMS anti-money laundering Conference, Kenneth Blanco discussed the obligations …

Hackers Stole $15 Million From an Unreleased Project By Yearn Finance

Eminence, an unfinished “economy for a gaming multiverse” being built by Yearn Finance’s Andre Cronje, was discovered by DeFi sleuths after the developer posted art teasers for the project to Twitter. He then headed to bed on September 28. Excitement for the upcoming project quickly reached a fever pitch, with …

EY Blockchain releases a new Analyzer tool to investigate on-chain data

EY has announced the availability of a new Explorer & Visualizer solution added to its EY Blockchain Analyzer product suite.  The Explorer & Visualizer solution combines search functionality with visualization technology, allowing users to explore, track and analyze in-depth patterns and trends for on-chain data which could support the management of …

Indian Crypto Exchange BuyUCoin, Proposes a New Regulatory Framework to Avoid the Crypto Ban

To regulate cryptocurrency in India, major Indian cryptocurrency exchange BuyUCoin has developed a framework which will be officially released on October 2 and that it claims has the support of all the Indian cryptocurrency stakeholders. Though, it is not clear yet which stakeholders helped develop the framework, or ‘sandbox’. The …

The European Commission Adopted the Digital Finance Package for the Digital Transformation of Europe

The European Commission is moving one step closer to getting a concrete legal framework for digital finance and provide more legal clarity and certainty for the cryptocurrency industry in its member states. The European Commission officially adopted a new digital finance package including digital finance and retail payments strategies, as well as …

Digital Euro Could Be a Complement to, But Not a Substitute For Cash

According to the President of the European Central Bank, Christine Lagarde, any of the Digital currencies released in the European Union may not fully replace fiat. In an online meeting of the Franco-German Parliamentary Assembly on September 21, Christine Lagarde affirmed that the bank was exploring “the benefits, risks and operational challenges” …

The US Announced Sanctions Against International Hackers Responsible for Global Crypto Scams

The United States has taken actions against two Russians and two Malaysians international hackers, who are responsible for the theft of millions of dollars in cryptocurrency scams. The U.S. Department of Justice, U.S. Department of Homeland Security, and the U.S. The Department of the Treasury’s Office of Foreign Assets Control announced on …

Binance Crypto Visa Cards Are Now Available in European Economic Areas

The world’s largest cryptocurrency exchange, Binance which provides a platform for trading various cryptocurrencies, has officially announced that its cryptocurrency debit card is now available in the European Economic Area or EEA. Through a blog on Tuesday, Binance stated that Visa Card is now available to everyone in European countries and with …

Planned Token Sales of Skale Network, Achieved over $5M with the Largest Number of Participants

ConsenSys Codefi achieved its first success with a new way of conducting planned token sales of Skale Network tokens by collecting over $5 million.  According to a report, the Skale token sale in the month of February was the first to be launched on the Activate platform developed by ConsenSys. …

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