Digital Currency and Blockchain Weekly Round-Up – November 1st, 2019

Over 500 companies moving forward with their respective blockchain initiatives following Xi Jinping’s recent announcement

China’s perspective towards blockchain and digital ledger technology took a massive turn last week after CCP leader Xi Jinping said the country needs to integrate the technology across industries. But even before the announcement was made, there are already hundreds of firms in multiple sectors that are spearheading the charge of the technology’s adoption. CoinDesk reports that there are 506 companies that have registered with the Cyberspace Administration of China, encompassing a wide variety of areas.

China to examine, provide certification to digital payment and blockchain-related services

China announced that it’s going to be reviewing and providing certificates to products – both software and hardware – that are heavily used for blockchain initiatives involving digital payment. Called the Certification of Fintech Products, the system will be overseen by the People’s Bank of China to ensure that product manufacturers are following the mandated standards imposed by the country.

Korean government announces 2020 funding plan for blockchain projects

The Korea Internet and Security Agency (KISA) is going to support multiple blockchain-focused projects in 2020 with 10.5 billion won (approximately $9 million) in funding, CoinDesk reported. The details were announced by KISA during a meeting held last week in Seoul. The funding plan for 2020 marks the third year of such financial support from the agency.

Indian state Tamil Nadu to create state policy on AI, blockchain tech; Approval expected to arrive in 10 days

Tamil Nadu, the 10th largest state in India, is looking to create a state-level policy that would govern blockchain technology and artificial intelligence. Santosh Misra, CEO of the state’s e-Governance Agency, expressed the significance of the policy, highlighting the need for regulation, especially on AI application.

UAE's Securities and Commodities Authority seeks industry feedback on crypto assets draft regulation

The United Arab Emirates recently drafted a resolution that would aim to regulate cryptocurrencies and provide clarity for any crypto initiatives moving forward. The Securities and Commodities Authority (SCA) has published a draft policy for crypto assets regulation. The draft covers a range of activities related to cryptocurrencies - their issuance, circulation, as well as custody.

UAE gets four innovative labs focused on aviation, blockchain, energy and entrepreneurship

Four innovative laboratories have been launched in the United Arab Emirates as part of efforts to position the country as a global hub to test future innovations. Overseen by the Dubai Future Foundation, the labs will focus on aviation, energy, blockchain and entrepreneurship.

Research Studies

• Central bank retail digital currency likely to be issued within five years: IBM-OMFIF Report

• Association of German Banks explore programmable digital euro in new paper

Company News

• Blockchain travel verification startup Zamna secures $5M in seed funding

• Fundament secures investment from Tezos Foundation to enhance digital securities infrastructure

• Ripple’s Xpring initiative funds product focusing on biometrics cybersecurity

• Token sales startup CoinList to launch crypto exchange following Jack Dorsey’s backing

• Web3 Foundation, Polychain Capital team up to launch investment fund to push Polkadot adoption

• PUBLISH wins ‘Best Digital Media Startup’ award by World Newspaper Association

• Canaan Creative files for its third IPO attempt amid renewed interest in crypto markets

• Crypto custodian Koine acquires e-money license from UK FCA; Looks to obtain more licenses amidst Brexit threat

• Swiss crypto bank successfully acquires a license to operate in Singapore

• Bruce Fenton launches SEC-registered broker dealer for crypto firms

• Blockchain startup R3 files trademark lawsuit against competitor over ‘CORDA’ brand

• Bitmain co-founder Micree Zhan to launch lawsuit against the company following recent ousting

Digital Currency Initiatives

• 3iQ to list bitcoin fund on major Canadian stock exchange after favourable ruling from OSC

• OKEx to launch crypto futures settled in tether in November

• Bakkt to launch crypto consumer app with Starbucks in 2020

• U.K.-based real-estate giant to tokenize $643 million worth of properties in collaboration with tZERO, Tezos blockchain

• Winklevoss Capital-backed Vault12 goes live with unique crypto custody solution

• FTX launches futures index on China-related cryptocurrencies despite restrictions still in place

Blockchain Initiatives

• Upcoming blockchain-based carbon exchange to help offset aviation industry’s carbon footprint

• Guangzhou government to fund blockchain-based initiatives, educational programs: Report

• Deutsche Telekom Global Carrier, Telefónica and Vodafone explore blockchain tech for roaming processes

• Tea Board of India considers using blockchain for end-to-end traceability

• Samsung integrates TRON into its Blockchain Keystore; TRON founder says partnership is a significant milestone

• Tencent spearheading the creation of draft for e-voice standard grounded on blockchain tech

• Deloitte integrates QEDIT's privacy solution into its blockchain platform ‘EduScrypt’

• Paxos gets green light from SEC to launch blockchain settlement platform; Credit Suisse, Société Générale first to use the service

• Inter-American Development Bank to trial blockchain technology for land registries

• Deutsche Telekom subsidiary to launch Blockchain as a Service marketplace in 2020

• Mastercard announces new collaboration to bring blockchain benefits to food supply chain

• Tech Mahindra teams up with Quantoz to offer blockchain-as-a-service for secure digital payments

• WEF to collaborate with mining, metal giants on blockchain initiative to streamline operations

• Oxford Women in Computer Science Society collaborates with Zilliqa for blockchain education workshops

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AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu

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