Thursday events: Południowokoreańscy regulators will check the local banks; the UK has established a task group on crypto; Fujitsu launches Center for Innovative Blockchain; improved safety at sea through the Blockchain; the fall in the exchanges.
• Południowokoreańscy regulators check local banks:
Południowokoreańscy financial regulators check on banks from the point of view of compliance with the requirements of the AML replacement operation on the crypto currency, according to local news service Yonhap News.
According to Yonhap, the following month, the Financial Intelligence Unit (KoFIU) and the Financial Supervisory Committee (FSC) to start the analysis of accounts of corporate exchanges kryptowalutowych in Korean banks. In December 2017. KFU announced that prohibits anonymous trading digital currencies and requires that the accounts of traders on exchanges kryptowalutowych were related to Bank accounts registered under their real names ranging from 30. February of this year.
In rejecting the application on the alleged prohibition of trade kryptowalutą in this country as wrong, the Finance Minister of South Korea Kim Dong-ain, confirmed that the government will not impose a ban or the suppression of the market for crypto currency.
6. March, the South Korean government has banned officials of public storage and trade kryptowalutami. 24. Feb South Korean Association Blockchain Industry Association has announced that it will conduct audit of 33 of its members, which include exchange kryptowalutowe Coinone, Bithumb Korbit and to assess their compatibility with the means of self-regulation.
• The UK has established a task group on crypto:
The UK Treasury announced the launch of the task force on crypto currency, which consists of the Bank of England (BOE) and the Financial Supervision authority (FCA), which will regulate and maintain technology kryptowalutowe, as reported by CNBC. The FCA recently released international sandbox for regulating fintech, as a way to promote innovative development of fintech without performing strict control procedures.
Philip Hammond, Britain’s Finance Minister, said in a statement that the new task force on issues of crypto currency will work on the creation of industry standards, facilitating cooperation with banks and fintech, as well as to support innovation in fintech.
Pledge to help grow and prosper the field, and our ambitious strategy sectors indicates how we ensure that the UK remains at the forefront of the digital revolution […] In this regard, the new task force will help the UK to manage the risk associated with the assets kryptowalutowymi, and will also help to exploit the potential advantages of the underlying technology.
In early March, the Governor of the Bank of England, mark Carney, stated that kryptowaluty should be regulated, not prohibited and is maintained in accordance with the same standards that the traditional financial system.
UK will sign with Australia the agreement «a bridge fintechowego», which allows British foods entry to Australian markets and fintech to create space for open discourse between the British and Australian authority regulating fintech sector – Innovate Finance Fintech and Australia.
Australia has often been at the forefront on cryptocurrencies and innovation in the technology of crypto – Australian stock exchange the beginning of the implementation of Blockchain technology in December last year, Brisbane will soon boast the world’s first environmental Krypto the airport terminal, and Australians can purchase digital currencies in kiosks across the country from 1 March.
• Fujitsu launches Center for Innovative Blockchain:
International Japanese company Fujitsu, one of the world’s largest companies providing it-services, launched in Brussels at the Center for Innovative Blockchain. The company said that its main object the promotion of the study of Blockchain technology and development projects in cooperation with organizations of the private and public sector.
The center underlines the commitment of Fujitsu Blockchain and other technologies of distributed registries as a tool in the process of how consumers and businesses buy, sell and exchange goods and services, and organizations are changing their models, commercial and operational.
– the company said.
Yves de Beauregard, Chairman of Fujitsu Benelux, talked about the increased customers ‘ interest in the Blockchain technology as bodźcu for the establishment of the centre and noted that the geographical position of Belgium was one of the factors that help to make what was a desirable place to launch the initiative. The company also revealed that the center will focus on projects concerning «smart» cities.
Frederik De Breuck, Director of pre-sales and insurance business at Fujitsu Benelux, explained that the share of global population living in urban areas is expected to increase dramatically over the next thirty years, and that in this regard it would be necessary to develop services that unite technology, ICT-infrastructure and architecture to solve social problems, economic and environmental.
The use of Blockchain technology with its potential in the state register and identification of the voice and its ability to automate and audit mining contracts undoubtedly plays an important role in changing the ecosystem.
said Where Breuck.
Fujitsu is not new to the industry. In 2016. announced that it has developed a system based on the Blockchain for secure exchange of documents, and then issued another system of secure data interchange in 2017. Is also a member of the consortium Hyperledger and released a few projects using the platform Blockchainową group – Hyperledger Fabric.
• Improving safety at sea through the Blockchain:
Lloyd’s Register Foundation, a UK nonprofit organization, announced a new initiative that aims to use the Blockchain technology to improve safety at sea.
The project is named the Blockchain Marine Laboratory (MBL) is created in cooperation with Blockchain Labs for Open Collaboration (BLOC) with headquarters in Denmark. The laboratory will look at the application of engineering systems and of supply chains on the basis of the Blockchain to deal with security as newralgicznej infrastructure, as well as people in the global marine industry.
We have two goals: to get access to the real applications in the field and to share knowledge and methodology among users. The Blockchain is essentially a technology based on cooperation and truly change the industry only provided that we will work using the same or related systems, instead of compete with each other.
said Dean MacDonald, Chairman of the UNIT, in a press release.
Because safety at sea is an issue of international, MBL aims to promote cooperation between the various market participants, including competitors. The exchange of information, as evidenced by the message, can help to increase profits in the sector while reducing risk.
By promoting an approach based on cooperation we can do to this space was entirely devoid of risk. […] Demonstrate your capabilities and build the technical and educational basis necessary for joint development and use of new technology.
Over the next 18 months, Marine Blockchain Labs will work on the creation of three demonstration projects that will focus on aspects of risk and security that you can take with common solutions.
Three demonstrators will be built will be applied will simulate the use of common systems in order to improve safety of life and property at sea, and will also serve as an example to share with the community.
– she added.
According to Allianz Safety and Shipping Review 2017 the safety of vehicles is of crucial importance for the world economy. Ships carry about 90% of world trade. In 2016, was recorded 2.611 incidents at sea, mainly due to malfunction of machines and engines, in the same year lost 85 ships.
• The fall in the exchanges:
The latest arrival on the market showed a downward trend. Capitalization the total market declined by 15 billion dollars and currently stands at 330 billion. The total turnover on the exchange amounted to 15.5 billion dollars. The value of almost all currencies in the top 10. decreased cointelegraph, Bitcoin 2.5% Ethereum 5.9%, Ripple 5.5%, Bitcoin Cash by 2.62% and Litecoin by 3.79%. The exceptions were the EOS, which recorded a growth version of 7.38%.
source: cointelegraph.com, coindesk.com, coinmarketcap.com.