# Digital Currency and Blockchain Weekly Round-Up – June 14th, 2019 By Shampa Mani Canonical URL: https://www.tokenpost.com/news/technology/2228 Published: 2019-06-14T11:25:03.000Z Updated: 2019-06-14T11:25:03.000Z Section: Technology > G20 leaders welcome efforts of global regulatory bodies on cryptocurrencies G20 finance ministers and central bank governors have welcomed the efforts of global regulators on cryptocurrencies and have recommended cons… [G20 leaders welcome efforts of global regulatory bodies on cryptocurrencies]() G20 finance ministers and central bank governors have welcomed the efforts of global regulators on cryptocurrencies and have recommended considering multilateral responses as needed. In a joint communiqué published on June 9, the G20 leaders have welcomed the efforts of international organizations including IOSCO, FATF, and FSB in this area. [FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report]() The Financial Action Task Force (FATF) will reportedly release a note to clarify how participant nations should manage the digital assets sector, Bloomberg reported citing FATF spokeswoman Alexandra Wijmenga-Daniel. As per the report, the new rules are applicable to businesses dealing with tokens and cryptocurrencies, including crypto exchanges, custodians and crypto hedge funds. [Russia may start imposing cryptocurrency mining fine this month]() The parliament of Russia, the State Duma, is considering imposing administrative penalties for those who mine cryptocurrencies using open blockchains, media outlet TASS reported. Speaking to TASS, Anatoly Aksakov, the chairman of the State Duma Committee on the Financial Market, said that operations related to cryptocurrencies are not covered by the Russian laws and will be considered as illegal. [Brazil considers promoting blockchain in public administration in new proposed bill]() The government of Brazil is seeking to encourage implementation of blockchain and other advanced technologies in all local public administration units, Cointelegraph Brazil reported. A new bill, PL 3443/2019, aims to offer the “Digital Provision of Public Services in Public Administration – Digital Government.” [Blockchain companies get rent subsidies in China's Fuzhou City]() Fuzhou City in China is providing rent subsidies for blockchain businesses with the hope to enhance the sector’s growth, according to state-run People’s Daily. The grant, which is a part of the city’s “three measures to accelerate the development of blockchain industry,” aims to help the blockchain industry by providing a rent subsidy of up to 600,000 yuan (~$86,800) for 3 years. [Indian lawmakers propose 10-year jail term for dealing in cryptocurrencies: Report]() The inter-ministerial committee led by the Indian Department of Economic Affairs secretary Subhash Chandra Garg has reportedly proposed a draft bill that seeks to make it illegal to hold, sell or deal in cryptocurrencies in the country. The draft law has allegedly proposed 10-year prison sentence for persons who "mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies.” [South Korea’s Ministry of Foreign Affairs to verify financial power of attorney using blockchain]() South Korea’s Ministry of Foreign Affairs has announced a blockchain pilot that will aim to verify the authenticity of the notarized financial power of attorney from diplomatic office. Part of the government’s core innovation projects, the project will be carried out in cooperation with the Korea Financial Telecommunications and Clearings Institute (KFTC). Research Studies [FxWirePro Survey](): Battered bitcoin set for new highs; hit $25,000 by end-2019 [McKinsey]() underscores retail banking sector's hesitation for blockchain adoption in new report Ethereum blockchain is the standard default for most DApps: [Report]() Less than 5% of GitHub crypto contributors are women: [Study]() Company News Blockchain startup [Spring Labs]() raises $23M to stop auto financing fraud Crypto news site [CCN]() cancels shut down plans Cryptocurrency cybersecurity startup [Fireblocks]() bags $16M in Series A funding led by Fidelity, Tenaya Capital, Cyperstarts [US NAR invests]() in blockchain real estate startup Propy Cryptocurrency analytics company [Coin Metrics]() acquires Bletchley Indexes Blockchain startup [BanQu]() receives Series A extension round from Corona, Budweiser-owned investment arm Blockchain startup [Ripple]() opens new office in Brazil Former [Bitmain CEO Jihan Wu]() to launch new crypto venture in a month: Report Bitcoin startup [Bitrefill]() closes $2M seed round led by Coin Ninja Partnerships/Consortiums [R3, Bradesco, Itau]() team up to develop blockchain-enabled platform for foreign trade and insurance: Report [Russian Ministry of Transport]() signs MoU to launch IBM-Maersk blockchain shipping solution TradeLens Digital Currency and Blockchain Initiatives [CryptoCompare]() debuts cryptocurrency Exchange Benchmark to tackle fake trading volume [Nasdaq, CryptoCompare]() collaborate to launch new cryptocurrency pricing product [Bakkt]() to begin bitcoin futures testing on July 22 [Beaxy]() launches cryptocurrency exchange after fending off hackers last month [John McAfee]() launches new cryptocurrency trading platform [Reuters, Bloomberg, TradingView]() add support for new cryptocurrency index ‘CIX100’ [Facebook]() set to release cryptocurrency white paper later this month, confirms exec Aon to provide crime [insurance coverage]() to cryptocurrency custody firm Metaco [KB Kookmin Bank]() to develop digital asset management services via Atomrigs Lab partnership Hyperledger Fabric-powered identity solution launches in [Brazilian banking sector]() Arizona Care Network diabetes patients to use [Solve.Care-Boehringer Ingelheim]() healthcare blockchain network Blockchain genomics startup to begin pilot project with [Merck's subsidiary EMD Serono]() on lung cancer patient [IBM, Azerbaijan's customs committee]() to use blockchain for cargo transportation Swiss firm [Panalpina]() launches blockchain supply chain pilot [National Fisheries Institute]() to begin seafood blockchain pilot with IBM Food Trust Retail giant [Target]() reveals details of blockchain supply chain project Legal & General taps [Amazon Managed Blockchain service]() for corporate pension deals [Visa]() announces commercial launch of DLT-based cross-border payments network [United States National Archives]() explores blockchain technology for information management Overstock.com's blockchain subsidiary [Medici Land Governance]() inks MoU with Liberia [Dubai Land Department, Emirati's Etisalat]() sign MoU to implement blockchain Russia's [Yugra partners with Universa Blockchain]() to launch future-oriented tourism platform Turkey's BKM launches [blockchain-based digital certificate platform]() co-developed with Microsoft and VeriPark Canada's [University of British Columbia]() launches first graduate blockchain training program Indian government-backed learning initiative [SWAYAM]() offers free course on cryptocurrencies and blockchain ## Links in this article - [G20 leaders welcome efforts of global regulatory bodies on cryptocurrencies](https://tokenpost.com/G20-leaders-welcome-efforts-of-global-regulatory-bodies-on-cryptocurrencies-2152) - [FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report](https://tokenpost.com/FATF-to-release-new-policies-for-global-digital-asset-industry-affecting-crypto-exchanges-custodians-hedge-funds-report-2208) - [Russia may start imposing cryptocurrency mining fine this month](https://tokenpost.com/Russia-may-start-imposing-cryptocurrency-mining-fine-this-month-2165) - [Brazil considers promoting blockchain in public administration in new proposed bill](https://tokenpost.com/Brazil-considers-promoting-blockchain-in-public-administration-in-new-proposed-bill-2214) - [Blockchain companies get rent subsidies in China's Fuzhou City](https://tokenpost.com/Blockchain-companies-get-rent-subsidies-in-Chinas-Fuzhou-City-2198) - [Indian lawmakers propose 10-year jail term for dealing in cryptocurrencies: Report](https://tokenpost.com/Indian-lawmakers-propose-10-year-jail-term-for-dealing-in-cryptocurrencies-Report-2151) - [South Korea’s Ministry of Foreign Affairs to verify financial power of attorney using blockchain](https://tokenpost.com/South-Koreas-Ministry-of-Foreign-Affairs-to-verify-financial-power-of-attorney-using-blockchain-2161) - [FxWirePro Survey](https://tokenpost.com/FxWirePro-Survey-Battered-bitcoin-set-for-new-highs-hit-25000-by-end-2019-2177) - [McKinsey](https://tokenpost.com/Blockchain-tech-is-slowly-gaining-traction-in-retail-banking-sector-McKinsey-consultancy-firm-2157) - [Report](https://tokenpost.com/Ethereum-blockchain-is-the-standard-default-for-most-DApps-Report-2149) - [Study](https://tokenpost.com/Less-than-5-of-Github-crypto-contributors-are-women-study-2216) - [Spring Labs](https://tokenpost.com/Blcockchain-startup-Spring-Labs-raises-23M-to-stop-auto-financing-fraud-2204) - [CCN](https://tokenpost.com/Crypto-news-site-CCN-cancels-shut-down-plans-2203) - [Fireblocks](https://tokenpost.com/Cryptocurrency-cybersecurity-startup-Fireblocks-bags-16M-in-Series-A-funding-led-by-Fidelity-Tenaya-Capital-Cyperstarts-2189) - [US NAR invests](https://tokenpost.com/US-NAR-invests-in-real-estate-blockchain-startup-Propy-2167) - [Coin Metrics](https://tokenpost.com/Cryptocurrency-analytics-company-Coin-Metrics-acquires-Bletchley-Indexes-2156) - [BanQu](https://tokenpost.com/Blockchain-startup-BanQu-receives-Series-A-extension-round-from-Corona-Budweiser-owned-investment-arm-2147) - [Ripple](https://tokenpost.com/XRP-issuer-Ripple-opens-new-office-in-Brazil-2170) - [Bitmain CEO Jihan Wu](https://tokenpost.com/Former-Bitmain-CEO-Jihan-Wu-to-launch-new-crypto-venture-in-a-month-Report-2168) - [Bitrefill](https://tokenpost.com/Bitcoin-startup-Bitrefill-closes-2M-seed-round-led-by-Coin-Ninja-2220) - [R3, Bradesco, Itau](https://tokenpost.com/R3-Bradesco-Itau-team-up-to-develop-blockchain-enabled-platform-for-foreign-trade-and-insurance-Report-2217) - [Russian Ministry of Transport](https://tokenpost.com/Russian-Ministry-of-Transport-signs-MoU-to-launch-IBM-Maersk-blockchain-shipping-solution-TradeLens-2164) - [CryptoCompare](https://tokenpost.com/CryptoCompare-debuts-cryptocurrency-Exchange-Benchmark-to-tackle-fake-trading-volume-2205) - [Nasdaq, CryptoCompare](https://tokenpost.com/Nasdaq-CryptoCompare-collaborate-to-launch-new-cryptocurrency-pricing-product-2178) - [Bakkt](https://tokenpost.com/Bakkt-to-begin-bitcoin-futures-testing-on-July-22-2218) - [Beaxy](https://tokenpost.com/Beaxy-launches-cryptocurrency-exchange-after-fending-off-hackers-last-month-2196) - [John McAfee](https://tokenpost.com/John-McAfee-launches-new-cryptocurrency-trading-platform-2213) - [Reuters, Bloomberg, TradingView](https://tokenpost.com/Reuters-Bloomberg-TradingView-add-support-for-new-cryptocurrency-index-CIX100-2225) - [Facebook](https://tokenpost.com/Facebook-set-to-debut-Libra-cryptocurrency-later-this-month-2148) - [insurance coverage](https://tokenpost.com/Aon-to-provide-crime-insurance-coverage-to-cryptocurrency-custody-firm-Metaco-2180) - [KB Kookmin Bank](https://tokenpost.com/KB-Kookmin-Bank-to-develop-digital-asset-management-services-via-Atomrigs-Lab-partnership-2173) - [Brazilian banking sector](https://tokenpost.com/Hyperledger-Fabric-powered-identity-solution-launches-in-Brazilian-banking-sector-2207) - [Solve.Care-Boehringer Ingelheim](https://tokenpost.com/Arizona-Care-Network-diabetes-patients-to-use-SolveCare-Boehringer-Ingelheim-healthcare-blockchain-network-2206) - [Merck's subsidiary EMD Serono](https://tokenpost.com/Nebula-Genomics-Mercks-subsidiary-EMD-Serono-sign-pilot-project-on-lung-cancer-patient-2193) - [IBM, Azerbaijan's customs committee](https://tokenpost.com/IBM-Azerbaijans-custom-committee-to-use-blockchain-for-cargo-transportation-2200) - [Panalpina](https://tokenpost.com/Swiss-firm-Panalpina-launches-blockchain-supply-chain-pilot-2195) - [National Fisheries Institute](https://tokenpost.com/National-Fisheries-Institute-to-begin-seafood-blockchain-pilot-with-IBM-Food-Trust-2226) - [Target](https://tokenpost.com/Retail-giant-Target-reveals-details-of-blockchain-supply-chain-project-2169) - [Amazon Managed Blockchain service](https://tokenpost.com/Legal-General-taps-Amazon-Managed-Blockchain-service-for-corporate-pension-deals-2187) - [Visa](https://tokenpost.com/Visa-announces-commercial-launch-of-DLT-based-cross-border-payments-network-2182) - [United States National Archives](https://tokenpost.com/United-States-National-Archives-explores-blockchain-technology-for-information-management-2176) - [Medici Land Governance](https://tokenpost.com/Overstockcoms-blockchain-subsidiary-Medici-Land-Governance-inks-MoU-with-Liberia-2171) - [Dubai Land Department, Emirati's Etisalat](https://tokenpost.com/Dubai-Land-Department-Emiratis-Etisalat-sign-MoU-to-implement-blockchain-using-the-Ejari-app-2166) - [Yugra partners with Universa Blockchain](https://tokenpost.com/Russias-Yugra-partners-with-Universa-Blockchain-to-launch-future-oriented-tourism-platform-2159) - [blockchain-based digital certificate platform](https://tokenpost.com/Turkeys-BKM-launches-blockchain-based-digital-certificate-platform-co-developed-with-Microsoft-and-VeriPark-2219) - [University of British Columbia](https://tokenpost.com/Canadas-University-of-British-Columbia-launches-first-graduate-blockchain-training-program-2197) - [SWAYAM](https://tokenpost.com/Indian-government-backed-learning-initiative-SWAYAM-offers-free-course-on-cryptocurrencies-and-blockchain-2212)