The South Australian Government will conduct the country’s first official election using a blockchain voting system, according to a report by Micky News.
According to a report in Korea Herald, South Korean trading institutions have been in somewhat of a holding pattern when it comes to innovative cryptocurrency trading options like exchange-traded funds, preferring instead to wait and see how the United States deals with the issue.
Since the beginning of the Initial Coin Offering (ICO) trend, blockchain-based decentralized financing models have been praised by many mainstream commentators for their clear advantages over traditional fundraising models. For entrepreneurs and project visionaries, the allure was the ability to quickly raise money globally, while everyday people became able to invest in lucrative early-stage projects that the traditional system would not allow them access to and were able to sell their investment much sooner than if they had to wait five or more years for their shares to be traded publicly.
The County Auditors’ Association of Ohio (CAAO) has announced the creation of a working group to explore blockchain technology’s usefulness for property deed transfers. In the February 21 press release that announced the news, CAAO President and Stark County Auditor Alan Harold said:
A new survey from eToro suggests that younger online traders’ trust in cryptocurrency exchanges is growing, as many have lost faith in more traditional stock exchanges. In a press release highlighting the survey results, eToro noted that, among Millennial traders, 43 percent place more trust in the new digital currency exchanges than in America’s stock exchanges.
The Indonesian Bappebti, the country’s Commodity Futures Trading Regulatory Agency, has announced the establishment of a new regulatory framework to govern digital assets futures markets, according to Finance Magnates. The framework will require cryptocurrency exchanges operating in the country to register and obtain approval first.
Liechtenstein’s postal service this week announced that it will now provide its customers with cryptocurrency exchange services at its post office locations. During the first phase of the effort, these services will be available at the Liechtensteinische Post AG’s office in the capital of Vaduz, with plans to extend the service to other post office locations.
DNotes Global CEO, Alan Yong Welcomes JPM Coin as a Partial Rail of a Massive Network Essential For Mass Adoption of Digital Currency
At the World Funding Summit in 2017, I took issue with JPMorgan CEO Jamie Dimon’s description of Bitcoin as a fraud. Today, I want to praise Dimon’s company and welcome its new digital currency, JPM Coin, as a partial rail of a massive network essential for mass adoption of digital currency.
The private city of Liberstad in Norway has adopted the City Coin cryptocurrency as its official currency, according to a press release issued this week. The blockchain-based coin will reportedly be the only accepted medium of exchange in the city, and can be used for all payments, pages, and commercial transactions.
A leading Japanese business association has asked the country’s Financial Services Agency (FSA) to lower the rate at which taxes are assessed for cryptocurrency trading. The request from the Japan Association of New Economy (JANE) asked the regulator to use progressive rather than general taxation, according to a February 14 report from Cointelegraph Japan.
JPMorgan Chase has announced that it will be launching its own digital currency, the JPM Coin. The bank said that the coin will initially be available only to its large institutional clients, with tentative plans to make it available to a wider array of customers later in 2019. However, the current plans do not involve making the coin available to individuals.
A recent press statement from Kapersky Lab highlighted the results of the company’s Global IT security Risks Survey 2018, which found that 13% of surveyed respondents said that they have used cryptocurrency to make a purchase. The company also noted a rise in sophisticated actors targeting consumers’ cryptocurrency assets for theft.
U.S. firm Morgan Creek Digital’s new $40 million investment fund has attracted investment from two Fairfax County, Virginia pension plans, according to a February 12 report from Bloomberg. In a statement, the company noted that the fund’s investors also include “an insurance company, a university endowment, and a private foundation.”
The U.S. Securities and Exchange Commission highlighted its “guide to initial coin offerings” in a Twitter post Sunday. The post linked to a page on the SEC’s website that highlights digital assets’ “increased risk of fraud and manipulation” due to their lack of regulation. Many twitter users were quick to point out the one thing that the “guide” doesn’t do: namely, offer any real regulatory clarity for ICO issuers or others in the industry.
Securities and Exchange Commission member Hester Peirce recently said that regulators need to be careful about how they approach cryptocurrency regulation, noting that it’s not their job to determine the merit of any given investment opportunity. The commissioner’s remarks came during a wide-ranging speech on regulation at the University of Missouri School of Law on Friday, February 8.
The University of Kansas has announced it is receiving a $2 Million donation from Ripple to fund cryptocurrency and payment system research. The company committed to donating $400,000 per year over a five-year period, with funds earmarked for the university’s Kansas School of Engineering information and Telecommunication Technology Center.
The Ontario Securities Commission confirmed in a statement to Reuters on Friday that regulators are looking into the issues surrounding QuadrigaCX, the besieged Canadian cryptocurrency company whose founder passed away in December. The OSC cited concerns about potential harm for investors as a reason for its interest, though commission spokesperson Kristen Rose refused to confirm that there is an official investigation.
JP Morgan analyst Nikolaos Panigirtzoglou said this week that continuing price stability in the cryptocurrency markets could help contribute to renewed institutional investor interest. Appearing on Tuesday’s CNBC Futures Now, Panigirtzoglou predicted that the current lack of interest is probably temporary:
U.S.-based cryptocurrency exchange Coinbase announced in a blog post Tuesday that its customers throughout the European Union and the European Free Trade Association nations can now withdraw funds to their PayPal accounts. The company had previously restored PayPal withdrawal support to U.S. customers in late 2018.
The Nova Scotia Supreme Court has granted Canadian cryptocurrency exchange QuadrigaCX temporary creditor protection by issuing a 30-day to prevent any lawsuits against the company from moving forward. The order was granted to give QuadrigaCX time to search for a way to access $250 million CAD in customer funds that the company has been unable to recover since the December death of founder Gerald Cotton, CBC reports.