Digital Currency and Blockchain Weekly Round-Up – February 15th, 2019
US SEC working on “supplemental guidance” on crypto-fundraising efforts, says Commissioner Hester Peirce The U.S. Securities and Exchange Commission (SEC) is working to offer additional guidance to help people determi…
The U.S. Securities and Exchange Commission (SEC) is working to offer additional guidance to help people determine if their token offerings fall under securities laws. The SEC Commissioner Hester Peirce recently said, “The [SEC] staff is working on some supplemental guidance to help people think through whether their crypto-fundraising efforts fall under the securities laws.”
US CFTC includes cryptocurrencies in 2019 examination priorities
The U.S. Commodity Futures Trading Commission (CFTC) has, for the first time, announced Examination Priorities for its divisions for 2019. According to the press release, DMO’s Compliance Branch’s examination priorities for this year include cryptocurrency surveillance practices, real-time market monitoring practices and others.
Australia’s DTA recommends pragmatic approach towards blockchain technology
The Australian government’s Digital Transformation Agency (DTA) has published “Blockchain: Latest advice for government agencies” and recommended a pragmatic approach to agencies considering adopting blockchain technology. It said that its findings are consistent with the recommendations of other jurisdictions.
The Malta Financial Services Authority (MFSA) has launched a consultation on cybersecurity in the wake of recent technological advancements such as distributed ledger technology (DLT). In its consultation document, entitled “Guidance Notes on Cybersecurity,” the regulator has proposed that its cybersecurity architecture should be in compliance with internationally and nationally recognized cybersecurity standards.
Mauritius FSC to implement licensing framework for digital asset custodian services in March
The Mauritian Financial Services Commission (FSC) has announced that a regulatory framework for digital asset custodian services will go into effect on 01 March 2019. The announcement follows a public consultation period launched last November on the proposed regulatory framework.
Luxembourg lawmakers pass blockchain bill into law
Luxembourg lawmakers have passed a bill that will encourage the use of blockchain technology in the country’s financial services, CoinTelegraph reported. The bill aims to “provide financial market participants with legal certainty for the circulation of securities via blockchain technology.
Liberty Korea Party partners with ioeX to use blockchain technology in youth committee election
South Korea’s main opposition Liberty Korea Party has entered into a partnership with Taiwanese startup ioeX to implement a blockchain-based voting system. The blockchain voting system will be officially used during the Liberty Korea Party's youth committee election in March.
Funding/Investments/Acquisitions
Two U.S. pension funds back Morgan Creek Digital’s $40M blockchain venture fund
Blockchain-powered remittance startup SendFriend raises $1.7M from Ripple, Barclays and others
Blockchain startup Chainalysis raises $30M in Series B round
BitMEX Ventures leads crypto startup FinFabrik’s seed round
Rabobank pumps €80M into venture fund to drive fintech and agtech investments
Canadian crypto exchange Coinsquare acquires StellarX
Partnerships/Consortiums
Enterprise Ethereum Alliance opens regional office in China
Enterprise Ethereum Alliance to launch token task force in 2019
Digital Currency and Blockchain Initiatives
Intel announces new product to accelerate blockchain deployment
Italian interbank blockchain project enters pre-production phase
UC Berkeley launches blockchain accelerator for early stage startups
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
Czech-based SDK.finance taps Oracle Blockchain Platform for faster cross-border payments
Akamai and MUFG expand partnership to form blockchain-focused joint venture ‘GO-NET’
Boehringer Ingelheim and IBM Canada to explore blockchain potential in clinical trials
Standard Chartered signs MOU to use Linklogis’ blockchain-enabled supply chain financing platform
Crypto exchange Binance plans to launch Binance Chain testnet on February 20
TRON partners with ALS Association, seeks to use blockchain for donation tracking
Bitfury, Longenesis and Medical Diagnostic Web partner to develop next-generation healthcare blockchain
GM Financial teams up with blockchain startup Spring Labs
XinFin joins R3 blockchain consortium to host dApps on Corda
Unimoni and UAE Exchange go live on Ripple’s blockchain network ‘RippleNet’
IBM Research, The Freshwater Trust and SweetSense to track groundwater usage using blockchain and IoT
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed