Ang sentral na bangko ng India, ang Reserve Bank of India (RBI), ay nakumpirma na ang paglikha ng isang inter-departmental na grupo na may katungkulan sa pag-aaral ng pagiging posible ng pag-isyu ng isang digital na digital currency currency (CBDC) na itinatag ng rupee, ang ulat ng Economics Times Agosto 30.

Ang pagtatatag at pokus ng grupo ay detalyado sa Taunang Ulat ng 2017-18 ng bangko, na nagkukumpirma ng mga naunang detalye na sumunod sa isang pagpupulong ng Monetary Policy Committee Committee ng India (MPC) noong Abril.

Ang impetus para sa pagsisiyasat ng pagpapalabas ng isang nakikitang CBDC na naiulat ay nakukuha sa karamihan mula sa mga pagsasaalang-alang sa gastos: ang Economic Times ay nagbanggit ng mga istatistika na nagpapahiwatig na ang halaga ng mga tala sa pagpi-print sa India ay 6.3 bilyong rupees (mga $ 89 milyon) para sa pinansyal na taon 2018. Ang ulat ng RBI ay nagsabi na:

Source: https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

Ang Commissioner ng Seguridad ng Colorado na si Gerald Rome ay nag-utos ng tatlong mga kompanya ng crypto na pinaghihinalaang nagpo-promote ng mga hindi nakarehistrong Initial Coin Offerings (ICOs) upang ipakita ang dahilan, ayon sa isang pahayag na Agosto 28. Ang isang order na magpakita ng dahilan ay isang utos ng korte na nagpipilit ng isang partido o indibidwal sa isang kaso upang bigyang-katwiran, patunayan, o ipaliwanag ang isang bagay sa korte.

Ang mga order ay dumating bilang bahagi ng pagsisiyasat ng estado sa "kung ano ang naging isang trend ng mga diumano mapanlinlang na mga kumpanya na naghahanap upang gumawa ng mabilis na pera," ayon sa pahayag. Ang mga pagsisiyasat ay isinasagawa sa ilalim ng panukala ng Division of Securities, na kung saan ay bahagi ng Kagawaran ng Regulatory Agencies (DORA).

Bionic Coin, Sybrelabs Ltd., at Global Pay Net (na kilala rin bilang GLPN Coin and GPN Token) ay nakatanggap ng mga order. DORA ay dati ay nagsumite ng mga order sa EstateX, Bitconnect Ltd., Magma Foundation, at Bitcoin Investments Ltd.

Ayon sa press release, ang mga kumpanya ay gumawa ng hyperbolic at nakaliligaw na pahayag sa mga mamumuhunan tungkol sa kanilang mga produkto. Sinabi ni Bionic na "Bionic ay lalago ang iyong pera nang walang anumang pagsisikap." Inilista din ng kompanya ang Forbes bilang kasosyo sa media, ngunit hindi mahanap ng mga investigator ang anumang sanggunian sa kumpanya sa mga site na parang nagpo-promote nito. Sinabi din ng site na ang mga indibidwal na nagtataguyod ng proyekto sa social media at mga blog ay makakatanggap ng hanggang sampung libong mga token sa bawat post.

Ang Sybrelabs ay nagtaguyod ng isang hindi rehistradong seguridad sa mga naninirahan sa Colorado sa pamamagitan ng isang uri ng pool ng pamumuhunan na kung saan ay pinahintulutan para sa pangangalakal sa mga palitan ng crypto sa pamamagitan ng kung ano ang na-advertise bilang isang "cryptoarbitrage robot."

Nagbebenta ang Global Pay Net ng GLPN Coins, na iniulat na nagbibigay ng internasyonal na platform sa pananalapi batay sa teknolohiya ng blockchain. Ang pahayag ay sumipi sa isang paglalarawan ng mga barya ng GPLN bilang "mga asset na puno ng halaga na kumakatawan sa bahagi ng negosyo" at "ang mga mamumuhunan ay tumatanggap ng 80 porsiyento ng mga kita ng kumpanya." Ang site ay naglilista din ng maraming mga propesyonal na crypto, dalawa sa kanila ay tinanggihan ang pakikilahok sa proyekto.

Source: https://cointelegraph.com/news/three-crypto-firms-ordered-to-show-cause-by-colorado-state-securities-commissioner

Ang pampublikong South Korean biotech enterprise Macrogen, ang nangungunang gene sequencing service provider ng bansa, ay bumubuo ng isang genomic na malaking data blockchain-based platform kasama ang lokal na tech firm na Bigster, ayon sa isang press release ng Agosto 6.

Para sa karagdagang impormasyon.
https://cointelegraph.com/news/south-korean-biotech-firm-to-use-blockchain-for-genomic-big-data-ecosystem

The Financial Services Agency (FSA) of Japan is set to introduce stricter guidelines for cryptocurrency exchange platforms in the country. According to local media sources, the FSA is taking this course of action to prevent another high profile crypto hack.

CREATING A NEW PARADIGM FOR CRYPTO EXCHANGE PLATFORM REGULATIONS

Japanese cryptocurrency exchange platform Coincheck was hacked in January 2018, resulting in the theft of more than $500 million worth of crypto. In the aftermath of the Coincheck saga, the FSA has been hard at work trying to secure the country’s crypto exchange arena.

Japan has in recent years, established itself as a crypto friendly nation. The new measures by the FSA while being strict are not meant to alter that narrative. Instead, the Agency wishes to sanitize the market, protecting investors, and preventing money laundering. To this effect, the FSA has released a new five-point agenda for regulating the crypto exchange arena.

THE FIVE-POINT AGENDA

Firstly, cryptocurrency exchange platforms will adhere to robust security standards. These standards include ensuring that coins aren’t stored on online wallets and creating two-factor authentication (2-FA) for currency transfers. Online crypto storage options are notoriously prone to hacking and 2-FA helps prevent unauthorized crypto transfer.

Secondly, these exchange platforms will develop thorough know-your-customer (KYC) processes. The essence of this step is to eliminate money laundering. As a result, there will be stringent customer ID protocols for large value crypto transfers.

Thirdly, the FSA will require crypto exchange platforms to imbibe best practices regarding asset management activities. Thus, customer assets must be managed separately from the corporate exchange assets. Platforms will perform regular daily checks on customer account balances to prevent any manipulation. The Agency also wants cryptocurrency exchange platforms to provide systems in place that will prevent employees from making unauthorized trades with user funds.

The fourth point deals with restrictions on particular crypto species. The FSA has blacklisted privacy-focused cryptos which grant complete anonymity making them popular with money laundering activities. Registered platforms are henceforth prohibited from listing those cryptocurrencies.

The final point covers the structure of the exchange platforms and how they operate. The FSA is calling for a clear organizational structure within these companies. As such, there should be a separation of shareholders from the management team. Also, development and asset management roles will be separated. This separation is to prevent insider trading and other forms of internal system manipulation.

A MORE HANDS-ON APPROACH TO CRYPTOCURRENCY REGULATIONS

Speaking on the new approach, an FSA source said that the Agency is committed to a more hands-on approach to regulating the country’s crypto exchange platforms.

"Without the necessary know-how, we’ve been feeling our way through the dark on how thoroughly we should check these different aspects."

The FSA plans to carry out a detailed review of registration documents submitted by these platforms. After that, the Agency will send inspectors to assess the systems and protocols on the ground in these platforms.

The five-point agenda is expected to come into effect when the FSA begins accepting applications for registration. The new framework also applies to existing platforms as well.

http://bitcoinist.com/japan-introduces-five-point-agenda-for-cryptocurrency-exchange-regulations/

Iran has been developing its own cryptocurrency, a project which has yielded an experimental local crypto, despite the country’s central bank banning banks from dealing with cryptocurrencies. Iran’s Information and Communications Technology Minister has shed light on the project, commented on its alleged use to evade sanctions, and clarified the central bank’s action.

Iran’s Crypto Project

Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, revealed on Saturday that “Iran has developed an experimental local cryptocurrency,” Reuters reported him saying. “Last week, at a joint meeting to review the progress of the (local cryptocurrency) project, it was announced that the experimental model was ready.”

His statement follows the ban by the Central Bank of Iran (CBI), prohibiting banks and financial institutions from dealing with cryptocurrencies such as bitcoin. The minister clarified that the ban will not affect Iran’s cryptocurrency efforts. The news outlet conveyed:

       "Iran cryptocurrency project [is] on track despite cenbank ban."


Read more: https://news.bitcoin.com/iran-develop-cryptocurrency-central-bank-ban