A lot happened over this week in crypto and blockchain world and we picked the top news for you.
If you are new here, you can check out the important crypto news compilation.
This week in Blockchain and Crypto news:
SEC might reconsider the restrictions posed on Blockchain ICOs
Hester Pierce the commissioner of SEC, proposed to SEC to ease the restrictions over blockchain ICOs in the coming years. “I see this proposal as a path forward that achieves the objective of getting token purchasers the information they need, but it is also just a sketch – a work in progress – that requires productive engagement from the public.” The steps are also being taken to make sure the ICO scammers are punished.
40 Banks in Germany applies for Crypto Custody
As per the German local newspapers, many banks have applied for Crypto Custody so that they can store, sell as well as let the customers buy crypto, just like stocks and bonds. Names of the banks haven’t been revealed but they are looking to make Germany a leading country to prefer when it comes to Crypto. The Head of crypto banking at Solarisbank, Michael Offermann Said: “We have been dealing intensively with the topic of crypto custody for one and a half years,”. “The new regulation in the new Money Laundering Act is a good time to start practically. After all, we are not a research institute, but a commercial bank.”
US Air Force ties up with Blockchain Company
A contract was signed between US Air Force and Fluree, a blockchain data management company, to make the communications within the military more secure and fast.
Highway Administration to explore Blockchain to Transform Transportation
Federal Highway Administration is exploring the role of AI and Blockchain to transform the transportation space. According to the announcement “Blockchain technology also has the potential to transform the connected and automated vehicle industry or freight logistics providing a platform to share a variety of information from the infrastructure and vehicles in a secure manner.”
IMF leans toward trialing with Digital Currency in smaller nations
According to news, “IMF suggested that a digital currency underpinned by blockchain would boost the resources and capacity of the Eastern Caribbean Currency Union (ECCU), a region that comprises St Kitts and Nevis, St Lucia, Anguilla, Antigua, and Barbuda, Dominica, Grenada, and St Vincent and Grenadines.” IMFs view to to trial the Central Bank Digital Currency in small nations to learn the implications and potential issues.
DMCC Signs an Agreement with Al Khaleej Sugar and Universa Blockchain
Dubai Multi Commodities Centre (DMCC), signed a membership agreement with Al Khaleej Sugar and blockchain company Universa to trade sugar in a more rapid and secure way. The agreement was signed by DMCC, Chief Operating Officer, Feryal Ahmadi, Al Khaleej Sugar Managing Director Jamal Al Ghurair and Universa’s Founder and Chief Executive Officer, Alexander Borodich in Dubai on 10th of February 2020. Alexander Borodich said, “Establishing a new sugar platform is a perfect example of how blockchain can be used to increase efficiency and transparency on an already secure platform,”
Thank you for reading and sharing this article. We appreciate you.
Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.
We do not endorse or guarantee the accuracy of the information and claims made.
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.