# Digital Currency and Blockchain Weekly Round-Up – September 27th, 2019 By Shampa Mani Canonical URL: https://www.tokenpost.com/news/technology/3612 Published: 2019-09-27T12:57:01.000Z Updated: 2019-09-27T12:57:01.000Z Section: Technology > US House of Representatives passes bill requiring FinCEN to study blockchain and AI The United States House of Representatives has passed a new bill that requires the Financial Crimes Enforcement Network (FinCEN) to s… [US House of Representatives passes bill requiring FinCEN to study blockchain and AI]() The United States House of Representatives has passed a new bill that requires the Financial Crimes Enforcement Network (FinCEN) to study emerging technologies including blockchain. On September 19, the House passed the bill, entitled “Advancing Innovation to Assist Law Enforcement Act,” which has now moved to the Senate for consideration, CoinDesk reported. [U.S. SEC begins proceedings on Wilshire Phoenix Bitcoin ETF proposal]() The United States Securities and Exchange Commission (SEC) has started its proceedings to determine whether to approve or disapprove a proposed bitcoin exchange-traded fund (ETF). Citing a public filing published this week, CoinDesk reported that the SEC has started assessing the proposed rule change to allow NYSE Arca to list and trade shares of Wilshire Phoenix’s Bitcoin and Treasury Investment Trust. [IFRS interpretations committee defines cryptocurrencies as “intangible asset”]() In a decision made in June, the International Financial Reporting Interpretations Committee (IFRIC) said that cryptocurrencies, such as bitcoin, are neither legal tender nor financial products as they are "not cash nor an equity instrument of another entity," adding that they do not "give rise to a contractual right for the holder and it is not a contract that will or may be settled in the holder's own equity instruments." [PBoC: China's digital currency will not launch in November]() China has shut down rumors that it will launch its national digital currency in November. In a statement to Piyao, the People’s Bank of China (PBoC) denied the speculations, saying the November date was “inaccurate” as well as the details of institutions that will reportedly participate in the project. [Bank of Japan Governor Haruhiko Kuroda urges global efforts in regulating Facebook's Libra]() The governor of Bank of Japan Haruhiko Kuroda has called for international efforts to regulate digital cryptocurrencies such as Facebook’s forthcoming Libra token. As per a Reuters report, Kuroda warned in a speech before business leaders in Osaka on Sept. 23 that “If Libra is introduced, it could have a huge impact on society.” [Australian government considers blockchain, big data, IoT for national health infrastructure]() The Australian Digital Health Agency has issued a request for information (RFI) seeking inputs from the industry on the “next-generation technology” for its future digital health platform, ARN reported. According to the details, the RFI particularly deals with “the future of the National Infrastructure, including My Health Record.” [Russian Banking Association proposes taxing crypto mining as treasure]() Russia could tax cryptocurrency mining activities, similar to how it taxes treasure findings or property, local news agency Izvestia report. The Association of Banks of Russia has reportedly proposed to legally recognize crypto mining as “an analogy of occupation of property or treasure.” This would essentially make cryptocurrencies taxable within the existing legal framework. [Venezuela's central bank exploring ways to add bitcoin, ether to its reserves]() Venezuela’s central bank could soon hold bitcoin (BTC) and ether (ETH) in its coffers, according to a report by Bloomberg citing people with knowledge about the matter. As per the report, the internal test came at the request of Petroleos de Venezuela SA (PDVSA), the state-owned oil and natural gas firm. Research Studies - [KPMG]() study identifies loyalty programs as “ideal platform” to introduce blockchain-enabled tokenization - [BTI Report](): Majority of crypto exchanges fake 90% of trading volumes; Kraken, Poloniex, Coinbase, Upbit among the 'cleanest' Company News - Crypto derivatives data provider [Skew bags $2M]() from Firstminute Capital, Kleiner Perkins - Peter Thiel-backed investment fund [1Confirmation]() scores $45M - [Morgan Creek Digital]() leads $3.5M seed round in blockchain analytics startup Elementus - [Fold]() bitcoin rewards app secures $2.5M to bring Lightning Network to retailers - [Knøx]() secures $8.25M, debuts digital custody service with up to 100% insurance - Digital securities platform [Securitize]() secures $14M from Santander, MUFG, Nomura - [Flipside Crypto]() secures $7.1M in latest funding to offer better analytics to crypto and blockchain organizations - Bloomberg Beta, Fidelity, Tencent and others pump $20M in blockchain startup [Everledger]() - Blockchain gaming studio [Immutable]() rakes in $15M from Naspers, Galaxy - [Matter Labs]() secures $2M funding to develop zero-knowledge proofs for ethereum blockchain - Blockchain identity firm [Evernym]() raises $8M from Overstock's Medici Venture, Barclays Venture - Blockchain data privacy startup [StrongSalt]() secures $3M to develop encryption platform-as-a-service - Facebook [acquires]() chatbot startup Servicefriend for Calibra customer service - [Kik]() shutting down messaging app to focus on legal battle with SEC - [Bitfinex]() wins a motion against NYAG, can stop turning over documents in a new court order - [Binance receives ISO security accreditation](), becomes first crypto exchange recognized by DNV, UKAS Partnerships/Consortiums - [NEO]() becomes first blockchain organization member of .NET Foundation - Blockchain-based decentralized content ecosystem [Contentos joins PUBLISHalliance]() Digital Currency Initiatives - SoFi rolls out zero-fee crypto trading for bitcoin, ethereum, litecoin with [SoFi Invest]() - [Bakkt’s]() bitcoin futures go live on ICE Futures U.S. - [CME Group]() to launch bitcoin options in Q1 2020 - [Monex Group]() to reward shareholders with bitcoins, revamps leadership board with new appointees - German stock exchange [Boerse Stuttgart]() launches regulated digital assets exchange - [SIX Swiss Exchange]() rolls out digital assets exchange prototype - Crypto exchange [Binance]() officially rolls out Staking Platform Blockchain Initiatives - UK-based [SETL]() launches blockchain test lab initiative - [Lloyds Bank]() partners with blockchain platform komgo for quicker commodities trade finance - Insurance broker [Marsh]() pilots blockchain-powered digital placement platform - [IBM]() unveils new version of its blockchain platform optimized for Red Hat OpenShift - Binance Labs-backed decentralized content ecosystem [Contentos]() launches mainnet blockchain - [Daimler, Dürr]() execute trade finance transaction using blockchain-based Marco Polo network - [R3, Infosys]() complete global blockchain trial for trade finance - [Vakt, essDocs]() partner to build blockchain solution for digitization of European barge market - South Korean conglomerate [CJ Group]() develops music copyright system with Amazon's blockchain - [Korea Blockchain Ratings]() begins operations to bring accurate information to investors - Alipay's operator [Ant Financial]() signs deal with Bayer to develop agricultural blockchain solution Detect languageAfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu Text-to-speech function is limited to 200 characters Options : History : Feedback : [Donate]() Close [TokenPost]() | info@tokenpost.com ## Links in this article - [US House of Representatives passes bill requiring FinCEN to study blockchain and AI](https://tokenpost.com/US-House-of-Representatives-passes-bill-requiring-FinCEN-to-study-blockchain-and-AI-3569) - [U.S. SEC begins proceedings on Wilshire Phoenix Bitcoin ETF proposal](https://tokenpost.com/US-SEC-begins-proceedings-on-Wilshire-Phoenix-Bitcoin-ETF-proposal-3564) - [IFRS interpretations committee defines cryptocurrencies as “intangible asset”](https://tokenpost.com/IFRS-interpretations-committee-defines-cryptocurrencies-as-intangible-asset-3529) - [PBoC: China's digital currency will not launch in November](https://tokenpost.com/PBoC-Chinas-digital-currency-will-not-launch-in-November-3537) - [Bank of Japan Governor Haruhiko Kuroda urges global efforts in regulating Facebook's Libra](https://tokenpost.com/Bank-of-Japan-Governor-Haruhiko-Kuroda-urges-global-efforts-in-regulating-Facebooks-Libra-3558) - [Australian government considers blockchain, big data, IoT for national health infrastructure](https://tokenpost.com/Australian-government-considers-blockchain-big-data-IoT-for-national-health-infrastructure-3600) - [Russian Banking Association proposes taxing crypto mining as treasure](https://tokenpost.com/Russian-Banking-Association-proposes-taxing-crypto-mining-as-treasure-3611) - [Venezuela's central bank exploring ways to add bitcoin, ether to its reserves](https://tokenpost.com/Venezuelas-central-bank-exploring-ways-to-add-bitcoin-ether-to-its-reserves-3603) - [KPMG](https://tokenpost.com/KPMG-study-identifies-loyalty-programs-as-ideal-platform-to-introduce-blockchain-enabled-tokenization-3582) - [BTI Report](https://tokenpost.com/BTI-Report-Majority-of-crypto-exchanges-fake-90-of-trading-volumes-Kraken-Poloniex-Coinbase-Upbit-are-among-the-cleanest-3525) - [Skew bags $2M](https://tokenpost.com/Crypto-derivatives-data-provider-Skew-bags-2M-from-Firstminute-Capital-Kleiner-Perkins-3578) - [1Confirmation](https://tokenpost.com/Peter-Thiel-backed-investment-fund-1Confirmation-scores-45M-3575) - [Morgan Creek Digital](https://tokenpost.com/Morgan-Creek-Digital-leads-35M-seed-round-in-blockchain-analytics-startup-Elementus-3577) - [Fold](https://tokenpost.com/Fold-bitcoin-rewards-app-secures-25M-to-bring-Lightning-Network-to-retailers-3574) - [Knøx](https://tokenpost.com/Knx-secures-825M-debuts-digital-custody-service-with-up-to-100-insurance-3555) - [Securitize](https://tokenpost.com/Digital-securities-platform-Securitize-secures-14M-from-Santander-MUFG-Nomura-3554) - [Flipside Crypto](https://tokenpost.com/Flipside-Crypto-secures-71M-in-latest-funding-to-offer-better-analytics-to-crypto-and-blockchain-organizations-3553) - [Everledger](https://tokenpost.com/Bloomberg-Beta-Fidelity-Tencent-and-others-pump-20M-in-blockchain-startup-Everledger-3550) - [Immutable](https://tokenpost.com/Blockchain-gaming-studio-Immutable-rakes-in-15M-from-Naspers-Galaxy-3540) - [Matter Labs](https://tokenpost.com/Matter-Labs-secures-2M-funding-to-develop-zero-knowledge-proofs-for-ethereum-blockchain-3535) - [Evernym](https://tokenpost.com/Blockchain-identity-firm-Evernym-raises-8M-from-Overstocks-Medici-Venture-Barclays-Venture-3593) - [StrongSalt](https://tokenpost.com/Blockchain-data-privacy-startup-StrongSalt-secures-3M-to-develop-encryption-platform-as-a-service-3594) - [acquires](https://tokenpost.com/Facebook-acquires-chatbot-startup-Servicefriend-for-Calibra-customer-service-3522) - [Kik](https://tokenpost.com/Kik-shutting-down-messaging-app-to-focus-on-legal-battle-with-SEC-and-cryptocurrency-Kin-3544) - [Bitfinex](https://tokenpost.com/Bitfinex-wins-a-motion-against-NYAG-can-stop-turning-over-documents-in-a-new-court-order-3561) - [Binance receives ISO security accreditation](https://tokenpost.com/Binance-receives-ISO-security-accreditation-becomes-first-crypto-exchange-recognized-by-DNV-UKAS-3556) - [NEO](https://tokenpost.com/NEO-becomes-first-blockchain-organization-member-of-NET-Foundation-3557) - [Contentos joins PUBLISHalliance](https://tokenpost.com/Blockchain-based-decentralized-content-ecosystem-Contentos-joins-PUBLISHalliance-3595) - [SoFi Invest](https://tokenpost.com/SoFi-rolls-out-zero-fee-crypto-trading-for-bitcoin-ethereum-litecoin-with-SoFi-Invest-3581) - [Bakkt’s](https://tokenpost.com/Bakkts-bitcoin-futures-go-live-on-ICE-Futures-US-3523) - [CME Group](https://tokenpost.com/CME-Group-to-launch-bitcoin-options-in-Q1-2020-3518) - [Monex Group](https://tokenpost.com/Monex-Group-to-reward-shareholders-with-bitcoins-revamps-leadership-board-with-new-appointees-3560) - [Boerse Stuttgart](https://tokenpost.com/German-stock-exchange-Boerse-Stuttgart-launches-bitcoin-spot-trading-3547) - [SIX Swiss Exchange](https://tokenpost.com/SIX-Swiss-Exchange-rolls-out-digital-assets-exchange-prototype-3534) - [Binance](https://tokenpost.com/Crypto-exchange-Binance-officially-rolls-out-Staking-Platform-3608) - [SETL](https://tokenpost.com/UK-based-SETL-launches-blockchain-test-lab-initiative-3587) - [Lloyds Bank](https://tokenpost.com/Lloyds-Bank-partners-with-blockchain-platform-komgo-for-quicker-commodities-trade-finance-3586) - [Marsh](https://tokenpost.com/Insurance-broker-Marsh-pilots-blockchain-powered-digital-placement-platform-3573) - [IBM](https://tokenpost.com/IBM-unveils-new-version-of-its-blockchain-platform-optimized-for-Red-Hat-OpenShift-3607) - [Contentos](https://tokenpost.com/Binance-Labs-backed-decentralized-content-ecosystem-Contentos-launches-mainnet-blockchain-3596) - [Daimler, Dürr](https://tokenpost.com/Daimler-Drr-execute-trade-finance-transaction-using-blockchain-based-Marco-Polo-network-3572) - [R3, Infosys](https://tokenpost.com/R3-InfoSys-complete-global-blockchain-trial-for-trade-finance-3546) - [Vakt, essDocs](https://tokenpost.com/Vakt-essDocs-partner-to-build-blockchain-solution-for-digitization-of-European-barge-market-3521) - [CJ Group](https://tokenpost.com/South-Korean-conglomerate-CJ-Group-develops-music-copyright-system-with-Amazons-blockchain-3516) - [Korea Blockchain Ratings](https://tokenpost.com/Korea-Blockchain-Ratings-begins-operations-to-bring-accurate-information-to-investors-3604) - [Ant Financial](https://tokenpost.com/Alipays-operator-Ant-Financial-signs-deal-with-Bayer-to-develop-agricultural-blockchain-solution-3605) - [Donate](https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=GD9D8CPW8HFA2) - 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