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Items tagged with "Blockchain"

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EU Banking Giants Harness Blockchain for European Trade

Eight of Europe’s largest banks have taken the first steps in rolling out a new shared blockchain commerce platform – Digital Trade Chain. The joint venture’s distributed ledger framework is aiming to connect buyers, sellers, banks, and intermediaries, in order to ease domestic and cross-border commerce for European companies. Digital Trade Chain will be rebranded […]

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Fintech and Regulation

The International Monetary Fund (IMF) has published a staff discussion note on ways that distributed ledger technology can improve the global economy. What impact might FinTech have on financial services and how should regulators respond? In its paper, the IMF sets out an economic framework for thinking through the channels that FinTech might provide solutions. […]

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Singapore forges ahead with fiat experiment

Last week we reported that Canada’s central bank has decided that distributed ledger technology is not ready to replace existing inter-bank payment infrastructure. Well, it’s a competitive world. Singapore’s central bank, the Monetary Authority of Singapore this week announced that it is moving forward into the second phase of it’s “Project Ubin”, after a successful initial […]

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Blockchain not yet ready for prime time says Bank of Canada

Project Jasper has been a year long experiment by the Canadian central bank to investigate whether blockchain, or DLT, could replace existing wholesale payments technology within that country’s financial system. The verdict? Not yet. For the moment, critical issues associated with privacy and scalability mean that the project won’t form the basis of interbank payments […]

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Trade Finance backed by XBRL Analytics?

UK Companies House XBRL Data is central to the business model of a new startup. Populous claims to be an invoice factoring and trade finance platform being built using the latest in blockchain technology. Using free financial statement data available in XBRL format for UK companies, the young team seeks to pool financing via an ether-based […]

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Japan moves to accept and normalise cryptocurrencies

Japan has recognised Bitcoin as a legal method of payment. The country has also passed legislation that exempts the exchange, or purchase of Bitcoin from consumption tax.

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Delaware Blockchain Initiative: Transforming the Foundations of Corporate Finance?

The bedrock for much of American and international corporate finance is corporate law in the tiny state of Delaware. Like many other agencies around the world, the state authorities are experimenting with blockchain – in their case through the Delaware Blockchain Initiative (DBI). The initiative will allow for the application of distributed ledger technology to many of […]

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Germany suggests G20 Central Banks should develop shared Blockchain

The G20 summit to be held in July 2017 is fast approaching.  The German presidency would like to encourage the accelerated use of digital technology in business and society through enhanced internationally agreed regulatory frameworks. A paper prepared for the G20 meeting by leading German think tank the Centre for International Governance Innovation contains some […]

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Will blockchain revolutionise business?

Is the existing legal, economic and political framework ready for a digital transformation? In a digital world that relies on distributed ledgers, the way we regulate and maintain contracts, transactions, and the records that support them will have to change dramatically. There are many possible scenarios but a new article in the Harvard Business Review […]

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Setback for Bitcoin?

To underline the point made in the previous article, this week the SEC rejected an application to create the first bitcoin-backed exchanged trade fund or ETF. The application came from the sometimes controversial Winklevoss twins, which may or may not have had anything to do with the result. Based on the SEC’s decision, it seems unlikely that […]

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