# Digital Currency and Blockchain Weekly Round-Up – February 14th, 2020 By Shampa Mani Canonical URL: https://www.tokenpost.com/news/technology/5136 Published: 2020-02-14T13:01:09.000Z Updated: 2020-02-14T13:01:09.000Z Section: Technology > U.S. Treasury Department’s FinCEN working on new crypto regulations The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, is working on new cryptocurrency regulations, Tre… [U.S. Treasury Department’s FinCEN working on new crypto regulations]() The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, is working on new cryptocurrency regulations, Treasury Security Steven Mnuchin revealed during a hearing before the Senate Finance Committee, CoinDesk reported. He said that FinCEN is drafting “significant new requirements” for cryptocurrencies, but did not go further into details. [Switzerland to lower client KYC threshold value for crypto exchange transactions to $1,000]() The Swiss Financial Market Supervisory Authority (FINMA) has proposed to lower the client identification threshold value for cryptocurrency exchange transactions from 5,000 CHF to 1,000 CHF (or USD$1,020), as stated in a press release on Feb. 7. The regulator said that the new Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) – which came into effect on Jan. 01 – have obliged it to pass a number of implementing provisions. [Election Commission of India looks to blockchain to tackle lost votes]() The Election Commission of India (EC) is seeking to leverage blockchain technology to address the issue of lost votes, the Times of India reported. Almost a third of the country’s total voters (900 million) could not cast their vote in 2019 elections mostly because they were not in their hometown on the voting day. [Ukraine will not regulate cryptocurrency mining activities]() Ukraine’s Ministry of Digital Transformation published a document on Friday announcing that the government will not be regulating crypto mining in the country, CoinDesk reported. The ministry, responsible for digital transformation, is convinced that crypto mining does not require regulatory activity as it is governed by the protocol itself. Thus, it decided to just leave it as is. Insights [IOSCO]() releases list of key considerations for regulating crypto-asset trading platforms [DTCC]() calls for industry consortium and comprehensive framework to address DLT security risks Insider frauds contributed the most to $4.5B crypto-crime losses in 2019: [CipherTrace]() Company News [Wells Fargo]() invests $5M in crypto monitoring firm Elliptic Crypto lending startup [BlockFi]() secures $30M in Series B financing [Paystand]() raises $20M in Series B funding to accelerate blockchain-based commercial payments [Blockchain.com]() leads seven-figure funding for crypto market maker Wintermute Trading Content services provider [Hyland]() acquires blockchain startup Learning Machine [Voyager Digital]() acquires Circle’s crypto investing product ‘Circle Invest’ Blockchain-powered [London Football Exchange Group]() acquires Perth Glory Football Club [Circle]() now seeks to sell off crowdfunding unit SeedInvest: Report [JPMorgan]() in talks to merge Quorum blockchain unit with ConsenSys: Report Crypto investment firm [Galaxy Digital]() lays off 15% of its workforce Crypto startup [London Block Exchange]() placed into compulsory liquidation [IOTA Foundation]() investigates fund theft in Trinity wallet Partnerships/Consortiums Egypt's largest bank joins [Ripple's blockchain network]() Dell, STMicroelectronics and others join [IOTA and Eclipse's Tangle EE Working Group]() Mastercard, Binance X, Ripple’s Xpring and others join MouseBelt’s [Blockchain Education Alliance]() [Google Cloud Platform]() joins Hedera’s blockchain governing council Crypto exchange Huobi joins blockchain project [Klaytn's Governance Council]() Digital Currency Initiatives [B2C2 and SFOX]() team up to offer new source of cryptocurrency liquidity [BitPay]() brings cryptocurrency payments to POS terminals via Poynt partnership [Chainalysis]() rolls out Anti-Money Laundering compliance solution for Tether stablecoin [German bank]() to issue euro-pegged stablecoin, tokenize securities using Stellar blockchain [SKALE Network]() to be the first project to launch token on ConsenSys Codefi’s Activate Canada Stablecorp issues [CAD-pegged stablecoin "QCAD]()" Crypto custody provider [Vo1t partners with IBM]() to supply secure data servers Blockchain Initiatives [SBI Crypto]() enters into blockchain cooperation partnership with Northern Data [Israel’s stock exchange]() partners with Edinburgh-based startup for its Blockchain Securities Lending platform Blockchain insurance startup [B3i]() completes 30 reinsurance contracts on its platform [FC Barcelona]() taps blockchain to improve fan engagement via Chiliz partnership BNP Paribas, Citibank, JPMorgan and others go live on [CLS blockchain payment netting service]() Chinese startup [FUZAMEI]() rolls out blockchain tracing platform '33 Charity' Pharmaceutical company [ACG]() launches blockchain-powered traceability and anti-counterfeiting solution [Muscat Clearing and Depositing Company]() looks to blockchain for voting process U.S. clearing house [Nacha]() announces blockchain-based payments platform ‘Phixius’ [South Korean job placement platform]() to develop blockchain-based digital ID system via ICONLOOP partnership South Korean university [POSTECH]() issues blockchain-based digital diplomas amid coronavirus outbreak 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 - [U.S. Treasury Department’s FinCEN working on new crypto regulations](https://tokenpost.com/US-Treasury-Departments-FinCEN-rolling-out-new-regulations-around-cryptocurrencies-5117) - [Switzerland to lower client KYC threshold value for crypto exchange transactions to $1,000](https://tokenpost.com/Switzerland-lowers-threshold-value-for-exchange-transactions-to-more-than-1000-5067) - [Election Commission of India looks to blockchain to tackle lost votes](https://tokenpost.com/Election-Commission-of-India-looks-to-blockchain-to-tackle-lost-votes-5129) - [Ukraine will not regulate cryptocurrency mining activities](https://tokenpost.com/Ukraine-will-not-regulate-crypto-mining-government-ministry-confirms-5076) - [IOSCO](https://tokenpost.com/Iosco-releases-list-of-key-considerations-when-regulating-crypto-asset-trading-platforms-5112) - [DTCC](https://tokenpost.com/DTCC-calls-for-industry-consortium-and-comprehensive-framework-to-address-DLT-security-risks-5119) - [CipherTrace](https://tokenpost.com/Insider-frauds-contributed-the-most-to-45B-crypto-crime-losses-in-2019-CipherTrace-5093) - [Wells Fargo](https://tokenpost.com/Wells-Fargo-invests-5M-in-crypto-monitoring-firm-Elliptic-5128) - [BlockFi](https://tokenpost.com/Crypto-lending-startup-BlockFi-secures-30M-in-Series-B-financing-5125) - [Paystand](https://tokenpost.com/Paystand-receives-20-million-in-Series-B-funding-to-accelerate-blockchain-based-commercial-payments-5059) - [Blockchain.com](https://tokenpost.com/Blockchaincom-leads-seven-figure-funding-for-crypto-market-maker-Wintermute-Trading-5084) - [Hyland](https://tokenpost.com/Content-services-provider-Hyland-acquires-blockchain-startup-Learning-Machine-5082) - [Voyager Digital](https://tokenpost.com/Voyager-Digital-acquires-Circles-crypto-investing-product-Circle-Invest-5107) - [London Football Exchange Group](https://tokenpost.com/London-Football-Exchange-Group-acquires-majority-stake-in-Perth-Glory-Football-Club-5111) - [Circle](https://tokenpost.com/Circle-is-seeking-for-SeedInvest-buyer-aims-to-focus-on-stablecoins-5131) - [JPMorgan](https://tokenpost.com/JPMorgan-in-talks-to-merge-Quorum-blockchain-unit-with-ConsenSys-Report-5087) - [Galaxy Digital](https://tokenpost.com/Digital-asset-merchant-bank-Galaxy-Digital-lays-off-15-of-its-workforce-5130) - [London Block Exchange](https://tokenpost.com/Multi-cryptocurrency-exchange-London-Block-Exchange-placed-into-compulsory-liquidation-5062) - [IOTA Foundation](https://tokenpost.com/IOTA-Foundation-investigates-fund-theft-in-Trinity-wallet-5123) - [Ripple's blockchain network](https://tokenpost.com/Egypt-partners-with-RippleNet-to-improve-remittance-using-blockchain-5106) - [IOTA and Eclipse's Tangle EE Working Group](https://tokenpost.com/Dell-and-STMicroelectronics-joins-IOTA-and-Eclipse-Working-Group-Tangle-EE-5100) - [Blockchain Education Alliance](https://tokenpost.com/Binance-X-Ripples-Xpring-and-Masercard-join-MouseBelts-Blockchain-Education-Alliance-5097) - [Google Cloud Platform](https://tokenpost.com/Google-Cloud-Platform-joins-Hederas-blockchain-governing-council-5090) - [Klaytn's Governance Council](https://tokenpost.com/Crypto-exchange-Huobi-will-participate-in-Kakaos-blockchain-project-Klatyn-5081) - [B2C2 and SFOX](https://tokenpost.com/B2C2-and-SFOX-team-up-to-offer-new-source-of-cryptocurrency-liquidity-5110) - [BitPay](https://tokenpost.com/BitPay-brings-cryptocurrency-payments-at-POS-terminals-with-Poynt-partnership-5095) - [German bank](https://tokenpost.com/German-bank-to-issue-euro-pegged-stablecoin-tokenize-securities-using-Stellar-blockchain-5103) - [SKALE Network](https://tokenpost.com/ConsenSys-Codefis-Activate-partners-with-SKALE-to-launch-a-decentralized-blockchain-platform-5098) - [CAD-pegged stablecoin "QCAD](https://tokenpost.com/Stablecorp-issues-first-Canadian-dollar-stablecoin-for-mass-market-5089) - [Vo1t partners with IBM](https://tokenpost.com/Custody-provider-Vo1t-partners-with-IBM-to-supply-secure-data-servers-5075) - [SBI Crypto](https://tokenpost.com/Northern-Data-announces-strategic-partnership-SBI-Crypto-for-blockchain-cooperation-5127) - [Israel’s stock exchange](https://tokenpost.com/Israels-stock-exchange-partners-with-Edinburgh-based-start-up-for-groundbreaking-blockchain-securities-lending-platform-5134) - [B3i](https://tokenpost.com/B3i-blockchain-platform-completes-30-contracts-of-reinsurance-from-major-re-insurers-and-brokerage-firms-5133) - [FC Barcelona](https://tokenpost.com/FC-Barcelona-taps-blockchain-to-improve-fan-engagement-via-Chiliz-partnership-5116) - [CLS blockchain payment netting service](https://tokenpost.com/BNP-Paribas-Citibank-JPMorgan-and-others-go-live-on-CLSs-blockchain-payment-netting-service-5113) - [FUZAMEI](https://tokenpost.com/FUZAMEI-launches-blockchain-tracing-platform-33-Charity-5071) - [ACG](https://tokenpost.com/ACG-Inspection-combines-blockchain-IoT-and-AI-for-traceability-anti-counterfeiting-in-the-pharmaceutical-supply-chain-5069) - [Muscat Clearing and Depositing Company](https://tokenpost.com/Muscat-Clearing-and-Depositing-Company-and-Salasil-al-Thiqa-sign-an-agreement-to-use-blockchain-applications-5068) - [Nacha](https://tokenpost.com/US-clearing-house-Nacha-announces-blockchain-based-payments-platform-Phixius-5066) - [South Korean job placement platform](https://tokenpost.com/South-Korean-job-placement-platform-to-develop-blockchain-based-digital-ID-system-via-ICONLOOP-partnership-5065) - [POSTECH](https://tokenpost.com/South-Korean-university-POSTECH-issues-blockchain-based-digital-diplomas-amid-coronavirus-outbreak-5063) - [Donate](http://imtranslator.net/extensions/?tp=chr-ImTranslator&a=0) - [TokenPost](https://www.tokenpost.com)