# Digital Currency and Blockchain Weekly Round-Up – August 30th, 2019 By Shampa Mani Canonical URL: https://www.tokenpost.com/news/technology/3238 Published: 2019-08-30T12:11:16.000Z Updated: 2019-08-30T12:11:16.000Z Section: Technology > FINMA publishes regulatory guidance on blockchain-based payment transactions The Swiss Financial Market Supervisory Authority (FINMA) today published new regulatory guidance for blockchain-based payment transactions. … [FINMA publishes regulatory guidance on blockchain-based payment transactions]() The Swiss Financial Market Supervisory Authority (FINMA) today published new regulatory guidance for blockchain-based payment transactions. In its guidance, FINMA clarifies how it applies Swiss anti-money laundering (AML) rules to financial services providers supervised by it in the area of blockchain technology. The guidance applies to blockchain service providers such as exchanges, wallet providers and trading platforms. [U.K.'s National Liberal Party lashes current crypto policy, recommends new coherent platform]() The National Liberal Party (NLP) of the United Kingdom has become the first political party to introduce a coherent forward-looking policy on cryptocurrency, criticizing the government for its failure to introduce a comprehensive crypto regulation and prevent crypto-related frauds. [Australia's top finance cop, FBI conduct joint criminal probe on cryptocurrency]() The Australian Securities and Investments Commission (ASIC) and the Federal Bureau of Investigation (FBI) will jointly conduct for the first time an “open criminal investigation” on cryptocurrency products, according to News Corp Australia. The news was confirmed by ASIC Commissioner John Price, who revealed that a “range of people” who are believed to be involved are being targeted. [Central Bank of Brazil classifies cryptocurrencies in line with IMF guidelines]() The Central Bank of Brazil (BCB) is moving to classify the buying and selling of crypto-assets according to the guidelines issued by the International Monetary Fund (IMF), Cointelegraph reported. According to the announcement dated August 26, the BCB said that in line with the IMF guidelines, traded cryptocurrencies will now be classified as non-financial products and therefore, will be accounted as goods on its balance sheet. [US lawmaker’s concerns on Facebook's crypto remain unresolved even after meeting with Swiss regulators]() The concerns of U.S. lawmakers on Facebook’s proposed cryptocurrency remain unresolved even after their recent meeting with Swiss regulators. Chairwoman of the House of Financial Services Committee Maxine Waters led a group of six members of the committee to meet with Swiss government officials. [PBoC refutes media reports on its cryptocurrency launch plans: Chinese State Media]() The People’s Bank of China’s (PBoC) has reportedly refuted recent reports that it was launching a government-backed cryptocurrency in coming months. The Global Times said in a tweet, “Refuting media reports of launching a state-backed cryptocurrency in the coming months, #China's central bank termed them as ‘inaccurate speculation.’” [Venezuela launches national crypto remittance platform “Patria Remesas”]() The government of Venezuela has announced that its cryptocurrency-based remittance platform is fully operational. Called “Patria Remesas,” the platform will allow citizens working abroad to send money to Venezuela, Futurism reported. Research Studies - ISIS and other terrorist groups prefer Telegram to raise funds via cryptocurrencies: [MEMRI]() - 56 pct of top 50 universities offering blockchain or crypto course: [Coinbase Report]() Company News - [Facebook's Libra]() asks other founding members to speak up and show support - EY requests for change in jurisdiction of controversial [QuadrigaCX case]() - Chinese insurance giant [CPIC]() backs blockchain insurance startup B3i - [Algo VC Fund]() secures $200M from Arrington XRP Capital, NGC Ventures and others - Crypto futures exchange [CoinFLEX]() lands $10M funding to offer physical delivery of bitcoin contracts - Crypto startup [Circle eyes $100M]() fundraise for its crowdfunding arm SeedInvest - [tZERO]() loses investor Makara Capital after CEO Patrick Byrne's resignation - [Binance]() offers lifetime VIP membership to hack victims, blames KYC vendor for image leaks Partnerships/Consortiums - Winklevoss twins-owned [Gemini joins Silvergate Exchange Network]() for 24/7 payments transfer - Kerala Blockchain Academy joins [R3 blockchain consortium]() as general partner - Standard Bank becomes first African bank to join the global blockchain-based [Marco Polo Network]() - [Santiago stock exchange]() forms blockchain alliance to build applications for financial industry - [Hyperledger]() accepts open source Ethereum client ‘Pantheon’ as first public blockchain project Digital Currency Initiatives - [Bakkt Warehouse]() to start accepting bitcoin deposits from September 06 - Political action committee [BitPAC]() set to launch an ICO to support U.S. congress candidates - [CoinMarketCap]() to announce new liquidity ranking system in November: Report - [Binance]() to launch crypto lending service on August 28 - [Brave Browser]() expands token tipping service to Vimeo, Reddit users - [Brave]() officially announces Ethereum-focused “Crypto Wallets” feature - Coinbase-backed [Nomics]() launches 'Transparent Volume' product for cryptocurrencies - [Elwood Asset Management]() seeks to lure institutional investors into crypto space with $1B venture - [Ethereum Foundation]() grants $2.46M to crypto developers - Securities exchange [MERJ]() teams up with Globacap for security token IPO - SBI Holdings subsidiary [Morningstar]() to pay interim shareholder dividend in XRP Blockchain Initiatives - [Binance]() seeks to encourage blockchain innovation via new developer-focused initiative ‘Binance X’ - BitTorrent to commence internal testing of blockchain-based [live streaming platform ‘BLive’]() - [R3, Dubai's Wethaq]() partner to digitize Islamic capital markets - [Tech Mahindra, Adjoint]() to launch blockchain solution for enterprise financial management and insurance - South Korea's BC Card uses [KT's blockchain]() to settle reward points - [HSBC]() finances transaction on blockchain platform ‘we.trade’ for the first time - [U.S. Air Force]() teams up with SIMBA Chain, Constellation on blockchain-focused initiatives - NEC and others team up to launch [blockchain ID system in Buenos Aires]() - ASX teams up with [Digital Asset and VMware]() on DLT offerings - [FDA]() mulls using blockchain to modernize medical feedback and recall process - [Manchester City]() announces blockchain partnership with Superbloke - [Thai Customs Department]() to use IBM-Maersk blockchain shipping solution ‘TradeLens’ - Hedera Hashgraph to launch [blockchain mainnet, coin distribution]() on September 16 [TokenPost]() | info@tokenpost.com ## Links in this article - [FINMA publishes regulatory guidance on blockchain-based payment transactions](https://tokenpost.com/FINMA-publishes-regulatory-guidance-on-blockchain-based-payment-transactions-3166) - [U.K.'s National Liberal Party lashes current crypto policy, recommends new coherent platform](https://tokenpost.com/UKs-National-Liberal-Party-lashes-current-crypto-policy-recommends-new-coherent-platform-3187) - [Australia's top finance cop, FBI conduct joint criminal probe on cryptocurrency](https://tokenpost.com/Australias-top-finance-cop-FBI-conduct-joint-criminal-probe-on-cryptocurrency-3188) - [Central Bank of Brazil classifies cryptocurrencies in line with IMF guidelines](https://tokenpost.com/Central-Bank-of-Brazil-classifies-cryptocurrencies-in-line-with-IMF-guidelines-3174) - [US lawmaker’s concerns on Facebook's crypto remain unresolved even after meeting with Swiss regulators](https://tokenpost.com/US-lawmakers-concerns-remain-unresolved-even-after-meeting-with-Swiss-regulators-3161) - [PBoC refutes media reports on its cryptocurrency launch plans: Chinese State Media](https://tokenpost.com/PBoC-refutes-media-reports-on-its-upcoming-cryptocurrency-launch-Chinese-State-Media-3221) - [Venezuela launches national crypto remittance platform “Patria Remesas”](https://tokenpost.com/Venezuela-launches-national-crypto-remittance-platform-Patria-Remesas-3182) - [MEMRI](https://tokenpost.com/ISIS-and-other-terrorist-groups-prefer-Telegram-to-raise-funds-via-cryptocurrencies-MEMRI-3233) - [Coinbase Report](https://tokenpost.com/56-pct-of-top-50-universities-offering-blockchain-or-crypto-course-Coinbase-Report-3218) - [Facebook's Libra](https://tokenpost.com/Facebooks-Libra-asks-other-founding-members-to-speak-up-and-show-support-3207) - [QuadrigaCX case](https://tokenpost.com/EY-requests-for-change-in-jurisdiction-of-controversial-QuadrigaCX-case-3212) - [CPIC](https://tokenpost.com/Chinese-insurance-giant-CPIC-backs-blockchain-insurance-startup-B3i-3183) - [Algo VC Fund](https://tokenpost.com/Algo-VC-Fund-secures-200M-from-Arrington-XRP-Capital-NGC-Ventures-and-others-3181) - [CoinFLEX](https://tokenpost.com/Crypto-futures-exchange-CoinFLEX-lands-10M-funding-to-offer-physical-delivery-of-bitcoin-contracts-aims-to-overtake-BitMEX-3173) - [Circle eyes $100M](https://tokenpost.com/Crypto-startup-Circle-eyes-100M-fundraise-for-its-crowdfunding-arm-SeedInvest-3157) - [tZERO](https://tokenpost.com/Overstock-tZERO-loses-investor-Makara-Capital-after-CEO-Patrick-Byrnes-resignation-3176) - [Binance](https://tokenpost.com/Binance-offers-lifetime-VIP-membership-for-hack-victims-blames-KYC-vendor-for-image-leaks-3158) - [Gemini joins Silvergate Exchange Network](https://tokenpost.com/Winklevoss-twins-owned-Gemini-joins-Silvergate-Exchange-Network-for-24-7-payments-transfer-3186) - [R3 blockchain consortium](https://tokenpost.com/R3-chooses-Kerala-Blockchain-Academy-as-its-general-partner-3185) - [Marco Polo Network](https://tokenpost.com/Standard-Bank-becomes-first-African-bank-to-join-the-global-blockchain-based-Marco-Polo-Network-3172) - [Santiago stock exchange](https://tokenpost.com/Santiago-stock-exchange-forms-blockchain-alliance-to-build-applications-for-financial-industry-3202) - [Hyperledger](https://tokenpost.com/Hyperledger-accepts-open-source-Ethereum-client-Pantheon-as-first-public-blockchain-project-3227) - [Bakkt Warehouse](https://tokenpost.com/Bakkt-Warehouse-to-start-accepting-bitcoin-deposits-from-September-06-3210) - [BitPAC](https://tokenpost.com/Political-action-committee-BitPAC-set-to-launch-an-ICO-to-support-US-congress-candidates-3208) - [CoinMarketCap](https://tokenpost.com/CoinMarketCap-to-announce-new-liquidity-ranking-system-in-November-Report-3197) - [Binance](https://tokenpost.com/Binance-to-launch-crypto-lending-service-on-August-28-3169) - [Brave Browser](https://tokenpost.com/Brave-Browser-expands-token-tipping-service-for-Vimeo-Reddit-users-3160) - [Brave](https://tokenpost.com/Brave-officially-announces-Ethereum-focused-Crypto-Wallets-feature-3194) - [Nomics](https://tokenpost.com/Coinbase-backed-Nomics-launches-Transparent-Volume-product-for-cryptocurrencies-3192) - [Elwood Asset Management](https://tokenpost.com/Elwood-Asset-Management-seeks-to-lure-institutional-investors-into-crypto-space-with-1B-venture-3237) - [Ethereum Foundation](https://tokenpost.com/Ethereum-Foundation-grants-246M-to-crypto-developers-3175) - [MERJ](https://tokenpost.com/Securities-exchange-MERJ-teams-up-with-Globacap-for-security-token-IPO-3235) - [Morningstar](https://tokenpost.com/SBI-Holdings-subsidiary-Morningstar-to-pay-interim-shareholder-dividend-in-XRP-3228) - [Binance](https://tokenpost.com/Binance-seeks-to-encourage-blockchain-innovation-via-new-developer-focused-initiative-Binance-X-3223) - [live streaming platform ‘BLive’](https://tokenpost.com/BitTorrent-to-commence-internal-testing-of-blockchain-based-live-streaming-platform-BLive-3215) - [R3, Dubai's Wethaq](https://tokenpost.com/R3-Dubais-Wethaq-partner-to-digitize-Islamic-capital-markets-3214) - [Tech Mahindra, Adjoint](https://tokenpost.com/Tech-Mahindra-Adjoint-to-launch-blockchain-solution-for-enterprise-financial-management-and-insurance-3213) - [KT's blockchain](https://tokenpost.com/South-Koreas-BC-Card-uses-KTs-blockchain-to-settle-reward-points-3204) - [HSBC](https://tokenpost.com/HSBC-finances-transaction-on-blockchain-platform-wetrade-for-the-first-time-3191) - [U.S. Air Force](https://tokenpost.com/US-Air-Force-teams-up-with-SIMBA-Chain-Constellation-to-develop-blockchain-focused-initiatives-3189) - [blockchain ID system in Buenos Aires](https://tokenpost.com/NEC-and-others-team-up-to-launch-blockchain-ID-system-in-Buenos-Aires-3167) - [Digital Asset and VMware](https://tokenpost.com/ASX-teams-up-with-Digital-Asset-and-VMware-on-DLT-offerings-3165) - [FDA](https://tokenpost.com/FDA-to-use-blockchain-to-modernize-medical-feedback-and-recall-process-3162) - [Manchester City](https://tokenpost.com/Manchester-City-announces-blockchain-partnership-with-Superbloke-3163) - [Thai Customs Department](https://tokenpost.com/Thai-Customs-Department-to-use-IBM-Maersk-blockchain-shipping-solution-TradeLens-3232) - [blockchain mainnet, coin distribution](https://tokenpost.com/Hedera-Hashgraph-to-launch-blockchain-mainnet-coin-distribution-on-September-16-3225) - [TokenPost](https://www.tokenpost.com)