# Digital Currency and Blockchain Weekly Round-up – September 21st, 2018 By Shampa Mani Canonical URL: https://www.tokenpost.com/news/technology/423 Published: 2018-09-21T11:45:20.000Z Updated: 2018-09-21T11:45:20.000Z Section: Technology > UK lawmakers call for regulation of 'Wild West' crypto market The UK Treasury Committee today published a report in which it has called upon the regulation of the “Wild West” crypto-asset market. The release of the re… [UK lawmakers call for regulation of 'Wild West' crypto market]() The UK Treasury Committee today published a report in which it has called upon the regulation of the “Wild West” crypto-asset market. The release of the report follows the launch of an inquiry into digital currencies and distributed ledger technology (DLT) by the Treasury in February this year. [New York Attorney General highlights vulnerabilities of crypto platforms in new report]() The New York Office of the Attorney General (OAG) this week published a report on the results of the Virtual Markets Integrity Initiative launched in April 2018. In its report, the OAG said that it has found many platforms vulnerable to abusive trading, conflicts of interest, and other consumer risks. [No plan to issue central bank digital currency, says ECB President Mario Draghi]() The European Central Bank (ECB) does not intend to issue central bank-backed digital currency (CBDC), the ECB president Mario Draghi said last week. Draghi attributed the reasons behind this decision to the underlying blockchain technology being still fragile and high use of physical cash in the common currency area, Reuters reported. [CVA welcomes Swiss Bankers Association’s (SBA) new guidelines to encourage blockchain companies]() The SBA on Friday published guidelines that are intended to help banks take a differentiated approach to account opening, depending on the nature of the connections that the company has with blockchain technology. It will help provide increased clarity and assurance and remove barriers to the growth of the Swiss blockchain ecosystem. [PBoC urges investors to increase risk awareness on cryptocurrencies and ICOs]() The People’s Bank of China (PBoC) has issued fresh notice cautioning people against the risks associated with cryptocurrency trading and initial coin offerings (ICOs), CCN reported. The central bank’s Shanghai branch has now issued a public notice reminding people to enhance their awareness of risk prevention in this area. [South Korean government vows to support domestic blockchain companies]() The government of South Korea has pledged its support for domestic blockchain companies to further encourage the booming blockchain industry in the country, Business Korea reported. On Thursday, September 20, Second Vice Minister of Science and ICT Min Won-ki held a meeting with blockchain startups at blockchain startup Blocko’s office in Bundang, Gyeonggi Province. [Abu Dhabi Global Market to launch fintech digital sandbox]() Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its plans to launch a fintech digital sandbox in a bid to encourage financial innovation in the region. The digital sandbox will help facilitate collaborations between financial institutions (FIs), FinTech innovators, and regulators to develop and test products and solutions in a digital platform environment, supported by regulatory standards developed by the Financial Services Regulatory Authority (FSRA) of ADGM. Research Studies - Cryptomining malware expected to become regular, low-risk revenue stream for cybercriminals: [Europol]() Conferences/Events - American National Standards Institute to discuss AI and blockchain at [World Standards Week 2018]() - [World Investor Week]() in Singapore to dive into cryptocurrencies and ICOs Partnerships/Consortiums - Crypto exchange Huobi to establish Global Blockchain Resource Alliance - TigerWit rolls out blockchain-based trading app, announces [partnership Liverpool FC]() - [CoinBene, McAfee Alliance]() partner to promote self-regulation in the cryptocurrency markets - US-based [PNC Treasury Management]() joins Ripple’s blockchain network - IBM joins [HACERA’s Unbounded Registry]() – The Yellow Pages of Blockchain - [ID2020 Alliance]() taps blockchain technology for inaugural pilots Blockchain and Digital Currency Initiatives - Switzerland-based [Crypto Valley Venture Capital]() launches blockchain incubator - Upbit operator [Dunamu]() to launch crypto exchange in Singapore, announces new blockchain app developer tool ‘[Luniverse’]() - [Fidelity]() likely to make crypto and blockchain-related announcements by the end of 2018, says CEO Abigail Johnson - Dutch supermarket chain [Albert Heijn]() brings blockchain to orange juice supply chain management - South Korean telecom giant [SK Planet]() seeks to integrate blockchain, signs MOU with ICON Foundation - [Poland’s largest bank]() set to roll out blockchain-based system - [UK port operator ABP]() seeks to tap blockchain technology to improve port connectivity - [komgo SA](): Banking and trading giants team up to digitize commodities trade finance using blockchain - India-based [NIIT Technologies]() announces blockchain solution for airlines - Gemalto taps [R3’s Corda]() for blockchain-based digital ID solution - [Deloitte]() partners with Singaporean startup to bring blockchain-based data exchange platform to Southeast Asia market - [BMW]() partners with Bloom to develop blockchain-based customer lending solution - SoftBank, LG U+, TBCASoft and Far EasTone to trial [cross-carrier blockchain-based payment platform]() - Indian insurance firm [ICICI Prudential Life]() explores blockchain technology for claim settlement ## Links in this article - [UK lawmakers call for regulation of 'Wild West' crypto market](https://tokenpost.com/UK-lawmakers-call-for-regulation-of-Wild-West-crypto-market-399) - [New York Attorney General highlights vulnerabilities of crypto platforms in new report](https://tokenpost.com/New-York-Attorney-General-highlights-vulnerabilities-of-crypto-platforms-in-new-report-398) - [No plan to issue central bank digital currency, says ECB President Mario Draghi](https://tokenpost.com/No-plan-to-issue-central-bank-digital-currency-says-ECB-President-Mario-Draghi-383) - [CVA welcomes Swiss Bankers Association’s (SBA) new guidelines to encourage blockchain companies](https://tokenpost.com/CVA-welcomes-Swiss-Bankers-Associations-new-guidelines-to-encourage-blockchain-companies-421) - [PBoC urges investors to increase risk awareness on cryptocurrencies and ICOs](https://tokenpost.com/PBoC-urges-investors-to-increase-risk-awareness-on-cryptocurrencies-and-ICOs-391) - [South Korean government vows to support domestic blockchain companies](https://tokenpost.com/South-Korean-government-vows-to-support-domestic-blockchain-companies-419) - [Abu Dhabi Global Market to launch fintech digital sandbox](https://tokenpost.com/Abu-Dhabi-Global-Market-to-launch-fintech-digital-sandbox-394) - [Europol](https://tokenpost.com/Cryptomining-malware-expected-to-become-regular-low-risk-revenue-stream-for-cybercriminals-Europol-410) - [World Standards Week 2018](https://tokenpost.com/American-National-Standards-Institute-to-discuss-AI-and-blockchain-at-World-Standards-Week-2018-387) - [World Investor Week](https://tokenpost.com/World-Investor-Week-in-Singapore-to-dive-into-cryptocurrencies-and-ICOs-379) - [partnership Liverpool FC](https://tokenpost.com/TigerWit-rolls-out-blockchain-based-trading-app-announces-partnership-Liverpool-FC-384) - [CoinBene, McAfee Alliance](https://tokenpost.com/CoinBene-McAfee-Alliance-partner-to-promote-self-regulation-in-the-cryptocurrency-markets-407) - [PNC Treasury Management](https://tokenpost.com/US-based-PNC-Bank-joins-Ripples-blockchain-network-405) - [HACERA’s Unbounded Registry](https://tokenpost.com/IBM-joins-HACERAs-Unbound-Registry--The-Yellow-Pages-of-Blockchain-377) - [ID2020 Alliance](https://tokenpost.com/ID2020-Alliance-taps-blockchain-technology-for-inaugural-pilots-374) - [Crypto Valley Venture Capital](https://tokenpost.com/Switzerland-based-Crypto-Valley-Venture-Capital-launches-blockchain-incubator-416) - [Dunamu](https://tokenpost.com/Upbit-operator-Dunamu-to-launch-crypto-exchange-in-Singapore-409) - [Luniverse’](https://tokenpost.com/Upbit-operator-Dunamu-announces-new-blockchain-app-developer-tool-Luniverse-378) - [Fidelity](https://tokenpost.com/Fidelity-likely-to-make-crypto-and-blockchain-related-announcements-by-the-end-of-2018-says-CEO-Abigail-Johnson-389) - [Albert Heijn](https://tokenpost.com/Dutch-supermarket-chain-Albert-Heijn-brings-blockchain-to-orange-juice-supply-chain-management-420) - [SK Planet](https://tokenpost.com/South-Korean-telecom-giant-SK-Planet-seeks-to-integrate-blockchain-signs-MOU-with-ICON-Foundation-417) - [Poland’s largest bank](https://tokenpost.com/Polands-largest-bank-set-to-roll-out-blockchain-based-system-413) - [UK port operator ABP](https://tokenpost.com/UK-port-operator-ABP-seeks-to-tap-blockchain-technology-to-improve-port-connectivity-404) - [komgo SA](https://tokenpost.com/komgo-SA-Banking-and-trading-giants-team-up-to-digitize-commodities-trade-finance-using-blockchain-403) - [NIIT Technologies](https://tokenpost.com/India-based-NIIT-Technologies-announces-blockchain-solution-for-airlines-396) - [R3’s Corda](https://tokenpost.com/Gemalto-taps-R3s-Corda-for-blockchain-based-digital-ID-solution-390) - [Deloitte](https://tokenpost.com/Deloitte-partners-with-Singaporean-startup-to-bring-blockchain-based-data-exchange-platform-to-Southeast-Asia-market-386) - [BMW](https://tokenpost.com/BMW-partners-with-Bloom-to-develop-blockchain-based-customer-lending-solution-380) - [cross-carrier blockchain-based payment platform](https://tokenpost.com/SoftBank-LG-U-TBCASoft-and-Far-EasTone-to-trial-cross-carrier-blockchain-based-payment-platform-376) - [ICICI Prudential Life](https://tokenpost.com/Indian-insurance-firm-ICICI-Prudential-Life-explores-blockchain-technology-for-claim-settlement-375)