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Ukraine Election Body Trials Voting on an NEM Blockchain

Blockchain technology has been deployed for Ukrainian elections in a test according to a Facebook post by Alexander Stelmakh, an official Ukraine’s Central Election Commission. A test began several weeks ago and voting is currently underway held using test coins provided by the NEM Foundation. Blockchain makes it impossible to change saved information, the post noted. The decentralization of the ...

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Japan’s Licensed Crypto Exchanges Formally Apply for Self-Regulatory Body

An association of sixteen licensed domestic cryptocurrency exchanges in Japan have formally applied for certification from the country’s financial regulator to form a self-regulatory body. The Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed cryptocurrency exchanges, is looking to become a “certified fund settlement business association” after a formal application submitted with the Financial Services ...

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GDPR Could Hinder Blockchain Innovation, Warns EU Body

The EU Blockchain Observatory and Forum has warned that the General Data Protection Regulation law that went into effect a little over two months ago could hinder innovation in the blockchain space. According to the European blockchain body, this is because of the lack of legal clarity between blockchain technology and the GDPR law, whose aim is to protect individual ...

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Korea’s Financial Regulator Will Establish a Positive Cryptocurrency Policy Body

South Korea’s primary financial regulator will establish a new policy-making body centered on nurturing Korea’s fintech industry with a specific focus on cryptocurrency and blockchain technology. The Financial Services Commission (FSC) is set to establish a new policymaking body dubbed the Financial Innovation Bureau to proactively help the fintech industry while formulating policies for the cryptocurrency sector, the Korea Times ...

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UK Government Body Completes Pilot Tracking Beef Supplies on the Blockchain

The U.K.’s Food Standards Agency (FSA) has recently completed a pilot in which it successfully tracked beef supplies using blockchain technology. It is believed to be the first time that the innovation underpinning Bitcoin and other cryptocurrencies has been used to guarantee compliance within the food sector. FSA Successfully Trials Meat Tracking on the Blockchain According to a report from ...

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VPs of Crypto Self-Regulatory Body Quit After Receiving Exchange Compliance Orders

The two vice-presidents of Japan’s self-regulatory cryptocurrency exchange body have resigned after their exchanges received regulatory warnings, Cointelegraph Japan reports June 25. Just a week after the Japan Virtual Currency Exchange Association (JVCEA) produced its first guidelines on industry best practice, Yuzo Kano and Noriyuki Hiroyuki announced they would be stepping down as vice presidents of the organization. Kano and ...

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Japan’s Self-Regulatory Crypto Exchange Body to Release Voluntary Rules, Report Says

Japan’s Virtual Currency Exchange Association (JVCEA) will reportedly be releasing new voluntary rules next week, Cointelegraph Japan reports today, June 18. The official announcement of the regulatory guidelines, set for June 27th, will reportedly include a ban on insider trading, penalizing cryptocurrency exchange employees if they engage in “inappropriate” trading due to their firsthand knowledge. In order to conform to ...

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Japan Finally Gets Self-Regulatory Body For Cryptocurrency Exchanges

Japan is about to get the first self-regulatory body for its cryptocurrency exchange industry as reports of a formal agreement surfaced on the local news outlet Asahi Shimbun Tuesday, April 24. According to Asahi Shimbun, the country’s sixteen licensed exchange operators have taken steps to finally launch what will become known as the Japanese Cryptocurrency Exchange Association (JCEA). Coming at ...

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Japan’s 16 Licensed Cryptocurrency Exchanges Launch Self-Regulatory Body

Join our community of 10 000 traders on Hacked.com for just $39 per month. A concentrated effort among 16 licensed Japanese cryptocurrency exchange operators to ‘restore confidence’ in the sector following the $530 million Coincheck theft in January has finally seen the launch of a self-regulatory body. In a report by Japanese news outlet Asahi Shimbun on Tuesday, sixteen cryptocurrency ...

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Self-Regulatory Body Outlines New Rules for 14 Korean Crypto Exchanges

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Korean Blockchain Industry Association, formed with 33 South Korean exchanges, has revealed a set of rules for 14 of its exchanges. The organization was formed in December of last year, where it was announced that famous cryptocurrency exchanges Bithumb, Coinone, Upbit and Korbit were also members ...

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