European Union Propose New Stricter Regulations for Cryptocurrency Users

European Union Propose New Stricter Regulations for Cryptocurrency Users   The European Union has renewed calls for stricter cryptocurrency regulations. Europe is one of the most prolific markets for cryptocurrencies and cryptocurrency technology-based products and services. The proposal for the amendment of existing Directive (EU) 2015/849 believes that Bitcoin exchanges, due to lack of strict…

Real Estate Blockchain Platform Joins University of British Columbia Research Collaboration

Real Estate Blockchain Platform Joins University of British Columbia Research Collaboration Mainstream media has caught on to the ways in which blockchain might revolutionize business processes. This extends to the way in which local municipalities manage land titles. One startup looking to solve the problem, UBITQUITY, recently joined the University of British Columbia blockchain research…

China To Support Blockchain Development Under New Five-Year Plan

China To Support Blockchain Development Under New Five-Year Plan China, a country that already plays a critical role in cryptocurrency due its dominance in bitcoin trading and mining, will support blockchain development as part of its recently-announced five-year plan, according to the state council website. The 13th Five-Year Plan (2016-2020) period has had a strong start…

Indians Face Fines & Possibly Prison for Holding Old Cash Notes

Indians Face Fines & Possibly Prison for Holding Old Cash Notes Following the controversial demonetization drive enforced in early November by the Indian government, citizens holding “a large number” of now-outlawed cash notes beyond December 30 could be punished with fines and, according to some reports, even imprisonment. The Union Cabinet of Indian ministers, chaired…

Euroclear Bankchain Tests Blockchain-Based Gold Settlement Service

Euroclear Bankchain Tests Blockchain-Based Gold Settlement Service Paxos, a global securities depository and blockchain technology provider, has completed a pilot test for Euroclear Bankchain, a settlement service for London bullion. The service combines Euroclear’s settlement activities with Paxos’ blankchain platform. The service is designed to reduce risk, improve efficiency, and minimize balance sheet constraints for gold…