# Digital Currency and Blockchain Weekly Round-Up – July 5th, 2019 By Shampa Mani Canonical URL: https://www.tokenpost.com/news/technology/2516 Published: 2019-07-05T12:14:09.000Z Updated: 2019-07-05T12:14:09.000Z Section: Technology > G20 lends official support to FATF's cryptocurrency regulation guidelines The governments of the Group of Twenty (G20) countries have officially lent support for the guidelines on cryptocurrency regulations detailed b… [G20 lends official support to FATF's cryptocurrency regulation guidelines]() The governments of the Group of Twenty (G20) countries have officially lent support for the guidelines on cryptocurrency regulations detailed by the Financial Action Task Force (FATF). “We reaffirm our commitment to applying the recently amended FATF Standards to virtual assets and related providers for anti-money laundering and countering the financing of terrorism,” the leaders’ declaration stated. [UK FCA seeks to ban crypto derivatives]() The UK Financial Conduct Authority (FCA) recently proposed a ban on the sale of crypto-derivatives in a bid to protect investors from sudden losses resulting from extreme volatility in the prices of cryptoassets. In a press release dated July 03, the FCA said that it is seeking to ban derivatives and exchange-traded notes (ETNs) linked to cryptoassets. [South Korea's Busan eyes launch of own blockchain-based cryptocurrency]() South Korea’s second major city Busan is planning to launch a regional blockchain-based cryptocurrency in a bid to enhance its financial infrastructure, local media outlet ET reported. As per the report, the local government plans to collaborate with BNK Busan Bank, a subsidiary of local holding firm BNK Financial Group, and other blockchain firms. [Cuba seeks to avert economic crisis with cryptocurrency]() Cuba is currently experiencing an economic crisis after sanctions were placed on the island nation by the United States. New reports indicate that it is now considering using cryptocurrency as a means of getting around the restrictions placed upon it due to the ease of its use and the anonymity it provides. [U.S. lawmakers, consumer group call for a moratorium on Facebook's Libra cryptocurrency project]() U.S. policymakers are calling on Facebook to pause the development of its Libra cryptocurrency project in a new open letter addressed to the social media giant’s executives. “It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar,” the letter stated. [Kik hands over Defend Crypto initiative to Blockchain Association]() Messaging giant Kik has announced that it is handing over Defend Crypto to the Blockchain Association. In May 2019, Kik launched Defend Crypto – a new campaign to fund a potential legal battle with the United States Securities and Exchange Commission (SEC). It said at the time that it was setting aside $5 million with Coinbase for the initiative. Insights - Bitfury, QEDIT and other blockchain firms recognized as Technology Pioneers by [World Economic Forum]() - US, UK dominate Twitter posts on bitcoin, Facebook's Libra cryptocurrency: [Study]() - Electricity wasted by idle devices in U.S. could power bitcoin network more than 4 times: [Research]() - H1 2019 saw [$822M raised in funds]() by blockchain startups - [$1B worth of bitcoin]() to be used for narcotics, child porn, and other crimes Fundraising/Investments/Acquisitions - [Telegram cryptocurrency]() is for sale at three times their ICO price - Crypto exchange [Coinsquare acquires]() controlling stake in Just Cash - [Ripple's Xpring]() invests $500M to build an XRP-focused ecosystem - Blockchain firm [ConsenSys secures $10M]() 'opportunity fund' from South Korea's SK Group - [Euronext]() backs compliant tokenization platform Tokeny Solutions - [Blockchains]() CEO buys Nevada-based bank to get closer to blockchain vision - Crypto wallet and exchange [Monarch raises over $2M]() in token generation event - [NEM Ventures]() invests in startup using blockchain and machine learning to reduce environmental footprint - Blockchain CRM startup [Cere Network]() attracts investment from Binance Labs, Arrington XRP Capital Company News - [Bitfinex]() repaid $100M it allegedly misused to Tether - Alleged crypto [Ponzi Scheme]() runs with $3B of scammed money: Report - Crypto exchange [Gemini]() seeks FINRA broker-dealer license - Cryptocurrency exchange [ErisX]() receives go signal from CFTC to offer bitcoin futures - Berlin-based [Advanced Blockchain AG]() listed on Deutsche Börse-operated Xetra exchange Partnerships/Consortiums - Two major carriers join IBM-Maersk blockchain shipping initiative [TradeLens]() - [V20 Summit]() leads to formation of global blockchain association - Sberbank to not initiate new work under [Russian central bank's blockchain project]() - Cardano’s commercial arm [EMURGO joins Executive Committee]() of Chamber of Digital Commerce - [Dubai Chamber of Commerce]() inks MoU with ICC and Perlin on blockchain trade solutions - [Ontology Network, Opera]() browser to partner in DeFi, dApps field Digital Currency and Blockchain Initiatives - [U.S. city of Dublin Ohio]() plans to use Bitcoin Cash-based SLP tokens - [PUBLISH]() innovates the way tokens are sold, introduces “Benchmark Token Sale” (BTS) mechanism - [Korea Internet Newspaper Association]() taps PUBLISH’s blockchain-based content management system - [Binance]() to soon launch crypto futures trading platform - Intel co-sponsors [Hyperledger’s]() new project that aims to simplify blockchain programming - [Oracle, World Bee Project]() collaborate to track origin of honey using blockchain - [Fujitsu]() develops blockchain-based digital ID technology to improve trustworthiness of online transactions - [IBM]() launches blockchain pilot to transform bank guarantee processes with four Australian companies - [Chronicled]() launches blockchain-based product verification solution for pharma industry - [CipherTrace, Shyft]() partner to develop new blockchain solution to ensure compliance with FATF rules - Longenesis to bring [blockchain-based medical consent]() platform to South Korean hospitals - [Nestlé]() to pilot new blockchain-based food-tracking technology with OpenSC - [Huobi Global, Nervos]() to build 'Finance Chain' for establishing public enterprise blockchains - [ABN Amro]() successfully completes blockchain proof-of-concept for container transport - [Interac, Alectra Utilities]() to incentivize people to use renewable energy using blockchain - [Aon]() launches blockchain platform for agricultural insurance policies in Sri Lanka - [Equisafe]() completes first ever real estate sale tokenized on ethereum ## Links in this article - [G20 lends official support to FATF's cryptocurrency regulation guidelines](https://tokenpost.com/G20-lends-official-support-to-FATFs-cryptocurrency-regulation-guidelines-2448) - [UK FCA seeks to ban crypto derivatives](https://tokenpost.com/UK-seeks-to-ban-crypto-assets-like-CFD-and-ETN-2483) - [South Korea's Busan eyes launch of own blockchain-based cryptocurrency](https://tokenpost.com/South-Koreas-Busan-eyes-launch-of-own-blockchain-based-cryptocurrency-2455) - [Cuba seeks to avert economic crisis with cryptocurrency](https://tokenpost.com/Cuba-seeks-to-avert-economic-crisis-with-cryptocurrency-2482) - [U.S. lawmakers, consumer group call for a moratorium on Facebook's Libra cryptocurrency project](https://tokenpost.com/US-lawmakers-consumer-group-call-for-a-moratorium-on-Facebooks-Libra-cryptocurrency-project-2475) - [Kik hands over Defend Crypto initiative to Blockchain Association](https://tokenpost.com/Kik-gives-Blockchain-Association-money-to-fight-for-cryptocurrency-2425) - [World Economic Forum](https://tokenpost.com/Bitfury-QEDIT-and-other-blockchain-firms-recognized-as-Technology-Pioneers-by-World-Economic-Forum-2446) - [Study](https://tokenpost.com/US-UK-dominate-Twitter-posts-on-bitcoin-Facebooks-Libra-cryptocurrency-study-2503) - [Research](https://tokenpost.com/New-research-reveals-absurd-bitcoin-power-consumption-and-US-yearly-energy-waste-2488) - [$822M raised in funds](https://tokenpost.com/H1-2019-saw-822M-raised-in-funds-by-blockchain-startups-2466) - [$1B worth of bitcoin](https://tokenpost.com/1B-worth-of-bitcoin-to-be-used-for-narcotics-child-porn-and-other-crimes-2469) - [Telegram cryptocurrency](https://tokenpost.com/Telegram-cryptocurrency-is-for-sale-at-three-times-their-ICO-price-2501) - [Coinsquare acquires](https://tokenpost.com/Crypto-exchange-Coinsquare-acquires-controlling-stake-in-Just-Cash-2498) - [Ripple's Xpring](https://tokenpost.com/Ripples-Xpring-invests-500M-to-build-an-XRP-focused-ecosystem-2492) - [ConsenSys secures $10M](https://tokenpost.com/Blockchain-firm-ConsenSys-secures-10M-opportunity-fund-from-South-Koreas-SK-Group-2490) - [Euronext](https://tokenpost.com/Euronext-backs-compliant-tokenization-platform-Tokeny-Solutions-2478) - [Blockchains](https://tokenpost.com/Eccentric-enthusiast-buys-bank-to-prove-blockchain-banking-works-2464) - [Monarch raises over $2M](https://tokenpost.com/Crypto-wallet-and-exchange-Monarch-raises-over-2M-in-token-generation-event-2459) - [NEM Ventures](https://tokenpost.com/NEM-Ventures-invests-in-startup-using-blockchain-and-machine-learning-to-reduce-environmental-footprint-2450) - [Cere Network](https://tokenpost.com/Blockchain-customer-service-startup-sees-successful-funding-2505) - [Bitfinex](https://tokenpost.com/Bitfinex-repaid-100M-it-allegedly-misused-to-Tether-2485) - [Ponzi Scheme](https://tokenpost.com/Crypto-Ponzi-Scheme-runs-with-3B-of-scammed-money-2487) - [Gemini](https://tokenpost.com/Winklevoss-owned-Gemini-seeks-to-obtain-FINRA-broker-dealer-license-2474) - [ErisX](https://tokenpost.com/Cryptocurrency-exchange-ErisX-receives-go-signal-from-CFTC-to-offer-futures-in-bitcoin-2451) - [Advanced Blockchain AG](https://tokenpost.com/Berlin-based-Advanced-Blockchain-AG-listed-on-Deutsche-Brse-operated-Xetra-exchange-2440) - [TradeLens](https://tokenpost.com/Blockchain-shipping-initiative-gains-steam-with-15-total-crewmates-2467) - [V20 Summit](https://tokenpost.com/V20-Summit-leads-to-formation-of-global-blockchain-association-2433) - [Russian central bank's blockchain project](https://tokenpost.com/Major-blockchain-banking-participant-abandons-Russian-central-bank-2468) - [EMURGO joins Executive Committee](https://tokenpost.com/Cardanos-commercial-arm-EMURGO-joins-Executive-Committee-of-Chamber-of-Digital-Commerce-2456) - [Dubai Chamber of Commerce](https://tokenpost.com/Dubai-Chamber-of-Commerce-inks-MoU-with-ICC-and-Perlin-on-blockchain-trade-solutions-2452) - [Ontology Network, Opera](https://tokenpost.com/Ontology-Network-Opera-browser-to-partner-in-DeFi-dApps-field-2437) - [U.S. city of Dublin Ohio](https://tokenpost.com/US-city-of-Dublin-Ohio-plans-to-use-Bitcoin-Cash-based-SLP-tokens-2491) - [PUBLISH](https://tokenpost.com/PUBLISH-innovates-the-way-tokens-are-sold-introduces-Benchmark-Token-Sale-BTS-mechanism-2477) - [Korea Internet Newspaper Association](https://tokenpost.com/Korea-Internet-Newspaper-Association-taps-PUBLISHs-blockchain-based-content-management-system-2457) - [Binance](https://tokenpost.com/Binance-to-soon-launch-crypto-futures-trading-platform-2458) - [Hyperledger’s](https://tokenpost.com/Intel-co-sponsors-Hyperledgers-new-project-that-aims-to-simplify-blockchain-programming-2504) - [Oracle, World Bee Project](https://tokenpost.com/Oracle-World-Bee-Project-collaborate-to-track-origin-of-honey-using-blockchain-2500) - [Fujitsu](https://tokenpost.com/Fujitsu-develops-blockchain-based-digital-ID-technology-to-improve-trustworthiness-in-online-transactions-2496) - [IBM](https://tokenpost.com/IBM-launches-blockchain-powered-platform-Lygon-to-transform-bank-guarantee-processes-with-four-Australian-companies-2493) - [Chronicled](https://tokenpost.com/Chronicled-launches-blockchain-based-product-verification-solution-for-pharma-industry-2480) - [CipherTrace, Shyft](https://tokenpost.com/Blockchain-to-address-more-security-concerns-through-new-CipherTrace-solution-2470) - [blockchain-based medical consent](https://tokenpost.com/Longenesis-to-integrate-Bitfurys-blockchain-based-Exonum-to-South-Korean-hospitals-2471) - [Nestlé](https://tokenpost.com/Nestl-to-pilot-new-blockchain-based-food-tracking-technology-with-OpenSC-2472) - [Huobi Global, Nervos](https://tokenpost.com/Huobi-Global-Nervos-to-build-Finance-Chain-for-establishing-public-enterprise-blockchains-2447) - [ABN Amro](https://tokenpost.com/ABN-Amro-successfully-completes-blockchain-proof-of-concept-for-container-transport-2445) - [Interac, Alectra Utilities](https://tokenpost.com/Interac-Alectra-Utilities-to-incentivize-people-to-use-renewable-energy-using-blockchain-2439) - [Aon](https://tokenpost.com/Aon-launches-blockchain-platform-for-agricultural-insurance-policies-in-Sri-Lanka-2438) - [Equisafe](https://tokenpost.com/Equisafe-completes-first-ever-real-estate-sale-tokenized-on-ethereum-2435)