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Digital Currency and Blockchain Weekly Round-Up – April 5th, 2019

European Commission officially launches International Association of Trusted Blockchain Applications The official launch event of the European Commission’s blockchain initiative was held in Brussels on April 03. Calle…

By Shampa Mani
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European Commission officially launches International Association of Trusted Blockchain Applications

The official launch event of the European Commission’s blockchain initiative was held in Brussels on April 03. Called the International Association for Trusted Blockchain Applications (or INATBA), the initiative aims to bring together various stakeholders to support the mainstream adoption of blockchain and Distributed Ledger Technology (DLT) across multiple sectors.

European Commission and supervisory authorities launch new fintech innovation forum

The European Commission (EC) and the European Supervisory Authorities (ESAs) have launched a new forum to foster fintech innovation in the common currency area. Called the European Forum for Innovation Facilitators (EFIF), the forum aims to improve cooperation and coordination in support of the application of new technological developments in the EU financial sector.

US SEC releases regulatory guidance for crypto token issuers

The U.S. Securities and Exchange Commission (SEC) has published regulatory guidance for token issuers to help them determine if their cryptocurrencies fall under the scope of federal securities laws. The guidance provides a framework for analyzing whether a digital asset qualifies as one particular type of security – an “investment contract.”

Cyberspace Administration of China announces first batch of 197 registered blockchain companies

The Cyberspace Administration of China (CAC) last week announced the names of the first batch of 197 blockchain-based information service providers that have been granted registration numbers. Yicai reported that the companies included in the list includes public internet companies such as Baidu, Tencent, Iqiyi and several startup companies including Lufax, VeChain, and Wanxiang Blockchain, among others.

Copyright Protection Center of China, Xunlei partner to build blockchain-based DCI system

The Copyright Protection Center of China (CPCC) is teaming up with Chinese tech company Xunlei to build a blockchain-powered digital copyright identifier (DCI) system. In its capacity as a blockchain services provider, Xunlei will leverage its blockchain capabilities to support the operations of CPCC’s DCI system, particularly in the area of the copyright registration of fine arts and photographic works.

Canadian town of Innisfil to start accepting bitcoin for property tax payments this month

Innisfil, a town in Ontario, Canada, has become the first municipality in Canada to accept cryptocurrency as a method of payment for property taxes. According to a press release dated March 28, Innisfil Council has voted in favor of forming an agreement with Coinberry, a Toronto-based blockchain and digital currency solutions provider, to provide the service for residents as part of a one-year pilot project.

State Bank of Pakistan mulls issuing digital currency

The State Bank of Pakistan (SBP) is considering launching a digital currency by 2025, a report from Dawn has revealed. SBP’s Deputy Governor Jameel Ahmad recently said that the central bank was currently working on a concept of issuing digital currency by 2025 with the objective of promoting financial inclusion and reducing inefficiency and corruption.

Events/Conferences

IBM, Accenture, Microsoft and others to converge at TEAMZ Blockchain Summit

Company News

Partnerships/Consortiums

Digital Currency and Blockchain Initiatives

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