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Major Japanese Manufacturers Plan Blockchain-Based Data-Sharing Initiative
100 of Japan’s major manufacturers reportedly plan to participate in a new blockchain-based data-sharing initiative, Nikkei Asian Review reports. The companies plan to use a secure blockchain technology system to share information like product design data, quality control details, and status reports for production equipment, in a bid to improve efficiency.
Europol Reveals New Game Designed to Teach Investigators to Trace Cryptocurrency
Cryptocurrency experts from the worlds of law enforcement and private industry gathered at Europol’s European Cybercrime Center in The Hague from June 12th to the 14th, for Europe’s biggest cryptocurrency law enforcement conference. Europol revealed to the conference attendees that it has partnered with the Centre of Excellence in Terrorism, Resilience, Intelligence and Organised Crime Research (CENTRIC) to develop a “serious game” to train investigators to trace cryptocurrency transactions.
Lithuania Readying Cryptocurrency Regs
Lithuania’s government is moving closer to initiating regulation of its cryptocurrency space after approving new rules this week, Lithuanian media outlet Delfi reports. The new regulatory measures are part of the country’s effort to reduce the risk of money laundering and terror financing.
Bakkt to Begin User Acceptance Testing for Bitcoin Futures on July 22
Bakkt COO Adam White announced in a blog post today that the company will begin user acceptance testing for its anticipated Bitcoin futures on July 22, 2019. The platform’s futures product is expected to be followed by other cryptocurrency offerings in the future.
CCN Reverses Course, Just Two Days After Announcing Shutdown
On Monday, cryptocurrency news site CCN announced that it was shutting down due to a dramatic drop in traffic it attributed to the recent Google June 2019 Core Update. Today, an announcement on the site suggests that those plans have been shelved – at least for now.
Visa Relying on DLT Elements in New Cross-Border Payments Network
Visa has announced the launch of its new Visa B2B Connect payment network, Reuters reported on Tuesday. The network uses elements of blockchain technology to allow financial institutions to rapidly process international corporate client payment transactions at lower cost.
CCN Shutting Down, Cites Google’s June Core Update as Reason
Six-year-old cryptocurrency news outlet CCN announced on Monday that it is shutting down due to a sudden and dramatic drop in Google search traffic in the wake of the June 3 Google Core Update. Jonas Borchgrevink, Director & Founder of CCN Markets and Hawkfish AS, made the announcement in a post on CCN’s website that claims traffic dropped by more than 71% on mobile within one day of the update.
G20 Joint Statement Calls for Continued Monitoring of Digital Asset Risks
The G20 issued a joint communiqué on June 9, after concluding its latest meeting in Fukuoka, Japan, in which it called on the Financial Stability Board (FSB) and international standard-setting bodies to continue to monitor risks related to cryptocurrency.
Some Vancouver Officials Urging Ban on Bitcoin ATMS
Some officials in Vancouver have taken aim at the city’s more than five dozen Bitcoin ATMs, with the mayor reportedly calling for a ban on the machines, The Star reports. The largely unregulated cryptocurrency ATMs have been criticized by Vancouver’s police as ideal vehicles for money laundering.
Proposed India Bill Includes 10-Year Prison Penalty for Cryptocurrency Dealings
India’s proposed anti-cryptocurrency legislation, “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019,” contains language that proposes a 10-year prison term for citizens who “mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies,” according to a Friday report from Business Today:
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