Day: September 28, 2018
BLOCKCHAIN

Central Bank Gives Permission to Issue First Digital Currency

[ad_1] Mongolia’s largest mobile telecoms operator has become the country’s first licensed entity to issue its own digital currency. This is according to a report by the official state media outlet Montsame Friday, September 28.Mobicom’s financial arm Mobifinance is now clear to issue the e-currency, dubbed “Candy,” to investors, Montsame confirms. The executives have received formal permission at a ceremonial event at the Bank of Mongolia’s headquarters Friday.Commenting on the
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BLOCKCHAIN

Nanjing Arbitration Commission Tests Blockchain Platform for Legal Disputes

[ad_1] The Nanjing Arbitration Committee is testing a new blockchain platform designed to store and process data for legal disputes. The organization officially announced this September 27.China’s regional arbitration committees were established in 1995 with the passage of the Arbitration Law, and operate as independent non-profit organizations that offer services in arbitration, mediation, and other dispute resolution mechanisms as an alternative to litigation.According to today’s announcement, the Nanjing Committee’s new
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Business

India’s Zebpay Shutters Crypto Exchange Over Central Bank Ban

[ad_1] Major Indian cryptocurrency exchange Zebpay announced it had stopped all trading due to the country’s banking ban. The official announcement was published Thursday, September 27.Citing “extremely difficult” conditions it encountered attempting to process customer orders in the current environment, the exchange gave just several hours’ notice of the decision, which as of press time is already in effect.The move caught many by surprise, coming almost three months after the
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ANALYSIS

How US Regulates the Political Donations in Crypto

[ad_1] On Sept. 20, the crypto community was rattled by the news that California’s political campaign regulator ruled in favor of an outright ban of any and all cryptocurrency donations. It came across as a surprise for many that the progressive state, which is home to the world’s largest technology hub as well as to a politician whom Bloomberg calls the ‘Crypto Candidate for Congress,’ has suddenly set such a
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Bitcoin News

Goldman Sachs invests in blockchain platform Veem

[ad_1] Goldman Sachs has invested in Veem. The bank giant promotes the Blockchain payment service provider who has written nothing less than to attack the SWIFT standard. Other high caliber investors also seem to believe in the company’s vision. Goldman Sachs is increasingly recognizing the opportunities offered by blockchain technology. Although the banking giant or some of its representatives have in the past anything but positive to Bitcoin and other
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