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Cryptocurrency service providers will soon be required to hold a license issued by the Dutch Central Bank in the Netherlands. Cryptocurrency service providers will soon be required to obtain a license from the central bank of the Netherlands, major Dutch news outlet DeTelegraaf reports Dec. 11. The article explains that the measure has been undertaken hoping that it will “prevent such cryptocurrencies being used to launder money obtained through crime or to fund terrorism.” To qualify for a license, providers will reportedly need to know who their customers are and report unusual transactions. All of this data will be monitored by De Nederlandsche Bank, the Dutch central bank. After the implementation in April of similar laws in Japan obliging cryptocurrency exchanges to report dubious cryptocurrency transactions, a notable increase in the number of such reports was noted this winter. In August, an executive at the Dutch central bank stated that cryptocurrencies aren’t recognized as “..
sponsored A company is creating a network of self-service kiosks driven by blockchain, where consumers can pay bills, book airline tickets and make purchases. A blockchain-based company has unveiled plans to roll out a global network of self-service kiosks — enabling millions of unbanked people around the world to pay bills, make purchases and access other financial services. KIBIS says a plethora of services are available through its kiosks. Consumers can pay for gas, water and electricity, book airline tickets and check flight details, subscribe to TV subscription services such as Amazon Prime and Netflix, and buy prepaid vouchers for themselves or loved ones. The payment method accepted by the self-service kiosks will be cash and cryptocurrencies in permitted countries. Other payment options will become available in due course. The platform has partnered with hundreds of mobile carriers, enabling the public to top up their smartphones on demand, and it will also be possible for th..
Consumers of Gustav Gerig tuna will be able to access a raft of information about the product using the Ethereum blockchain. A Swiss food manufacturer has become the “first” in Europe to use the Ethereum (ETH) blockchain to track fish products, a press release confirmed Nov. 28. Gustav Gerig AG, which has operated since 1923, partnered with global tuna marketing company Pacifical c.v. to allow clients to certify the origin of its tuna range using blockchain technology. Tins in the range will soon sport a QR code that consumers can scan in order to find out information such as the production date, type of tuna, and even the boat used to catch it. The blockchain implementation is being provided by Thailand-based Atato, a blockchain service provider building enterprise-geared decentralized applications in partnership with Ethereum cofounder Joseph Lubin’s startup ConsenSys. “In providing an optimal level of transparency the company will enable all its clients access to data on exactly ho..
CLS has launched its joint blockchain platform with IBM and has a total of eight clients “committed” to using it. U.S. forex exchange (FX) settlement giant CLS’ blockchain payment netting service has gone live today, Nov. 28. According to the the company’s press release, Goldman Sachs and Morgan Stanley are among the initial users of the service, which was built in conjunction with IBM. The CLS Group reportedly settles an average of $5 trillion in payment instructions daily, and has members including Goldman Sachs, JPMorgan, Barclays, and Citigroup. The company’s CLSNet, described as the “first global FX market enterprise application running on blockchain in production,” also has “committed” participation from six international entities including the Hong Kong branch of the state-run Bank of China. The identity of the other clients lined up to use the blockchain payment netting service, which aids cashflow stability by grouping multiple payments together ahead of time, has not been re..
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Forex exchange settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days.” Forex exchange (FX) settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days,” according to Chief Strategy Officer (CSO) Alan Manquard. The CSO made the announcement at the IBM Think Tank conference in London Nov. 14, as reported by tech news source Computer Business Review (CBR). CLS Group, which reportedly settles on average $5 trillion in payment instructions daily, is a U.S. FX settlement service supplier with high-profile members that include Goldman Sachs, JPMorgan, Barclays, and Citigroup. A netting service entails offsetting and determining the value of multiple positions or payments that are due to be exchanged between parties, accounting for factors such as the currency volatility caused by differences in time zones. In such cases, the service is used to fix the remuneration a given party is owed. Manquard reportedl..
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Estonia-based blockchain startup, NCrypto Networks OU, has announced the service launch of its complete cryptocurrency ecosystem solutions platform. Developed to help overcome the complexity involved in storing, spending, exchanging, and participating in token sales offering, NCrypto has been built from the grounds up with a strong focus on bringing transparency to the tokenization and exchange of digital assets. Service launch is scheduled to commence on November 11th, 2018 for all users to create wallets, issue tokens, and start trading. Making the Complex Simple From the inconveniences of juggling multiple wallets to those uncertain and precarious shuttle between exchanges fraught with numerous risks, getting into cryptocurrency can be quite the daunting task for those just starting out. NCrypto.io has set out..
Crypto exchange Gate.io has removed the StatCounter service following an ESET security breach report saying “users’ funds are safe.” Crypto exchange Gate.io has removed web analytics tool StatCounter from their website following a breach report by cybersecurity firm ESET, according to an official blog post published today, Nov. 7. The company has reported that they immediately removed StatCounter's traffic stats service after receiving a security notice by ESET about suspicious behavior. Gate.io claimed they subsequently scanned the website with 56 antivirus products, and “no one reported any suspicious behavior at that time.” However, the firm still changed its traffic tracker, also reporting that “users’ funds are safe.” On Nov. 6, Slovakia-based cybersecurity firm ESET published a security report claiming that hackers had successfully breached major web analytics tool StatCounter, targeting Bitcoin (BTC) exchanges that use the traffic analytic service. According to ESET resear..
Multiwallet will launch a Europe-targeted crypto custodial service in Malta, which claims to be compliant with initial local requirements. Blockchain firm Multiwallet will launch a Europe-targeted crypto custodial service regulated by Maltese regulators, the company revealed to Cointelegraph at the Malta Blockchain Summit on Nov. 2. Claiming to be fully compliant with Malta’s existing initial requirements for a crypto custodial service, Multiwallet is now seeking a custodial license from the Maltese government. As told to Cointelegraph, the upcoming custodial service will be regulated by the Malta Financial Services Authority and the Malta Digital Innovation Authority to operate legally as a tool of managing cryptocurrency transactions across Europe. While Multiwallet claims to be fully compliant with the existing draft rules for operating a crypto custody, Malta’s government is still developing and finalizing the relevant legislation, which will reportedly take another 12 months. Mea..
Prague-based crypto exchange Changelly announced that it helped South Korean exchange Bithumb recover over 1 million XRP following a massive hack in June. Prague-based crypto exchange service Changelly has announced that it helped South Korean exchange platform Bithumb recover 1,063,500 Ripple (XRP) in stolen assets following a massive hack in June, a press-release stated, Oct. 26. In June 2018, hackers attacked South Korea’s leading crypto exchange Bithumb. As soon as security specialists had detected the theft, the exchange temporarily suspended all deposits and withdrawals, and moved its customers’ funds to a cold wallet. Bithumb initially lost over $30 million worth of cryptocurrencies due to the hack. Four months after the incident, Bithumb recovered approximately $14 million in stolen digital assets after it collaborated with global counterparts. According to Ilya Bere, CEO of Changelly, the service quickly cooperated with Bithumb and the South Korean police to offer its help. ..