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Industries to be Disrupted by Blockchain

Crypto News Point

Nov 13, 2020
9 min

Industries to be Disrupted by Blockchain

Technologies bring innovation and better opportunities across the globe by transforming the way how businesses work and because of which we listed out industries to be disrupted by Blockchain. Blockchain is one of the fastest-growing technologies in today’s digital world that have come into the limelight in the last few years. We have heard that blockchain technology has revolutionized finance, real estate, and many other sectors. However, not many of us are aware of what exa

Russia Passes New Cryptocurrency Bill Prohibiting Its Use As a Payment Method

Crypto News Point

Jul 24, 2020
2 min

Russia Passes New Cryptocurrency Bill Prohibiting Its Use As a Payment Method

Russia has passed a major bill today related to cryptocurrencies that prohibits the use of cryptocurrencies like Bitcoin as a payment method. On July 22 Regnum reported that The State Duma Russia’s legislative body has passed a bill titled “On Digital Financial Assets” in its final third reading. CoinTelegraph: "Russia’s newly passed crypto bill finally provides legal status to crypto but does not allow it to be used as a payment method. pic.twitter.com/vZ43hUVWAY" #news $new

Philippines Launches Blockchain-Based Mobile App To Distribute Government Bonds

Crypto News Point

Jul 22, 2020
1 min

Philippines Launches Blockchain-Based Mobile App To Distribute Government Bonds

The Philippine Bureau of the Treasury along with the UnionBank and Philippine Digital Asset Exchange launched a blockchain-based mobile app for distributing government-issued treasury bonds. The president and CEO of UnionBank, Edwin R. Bautista, claimed it was Asia’s: “first retail treasury bond issuance to leverage on blockchain technology.” The Philippines' Board of Treasury leveraged blockchain for their bonds. Check it out @coindesk @Cointelegraph !https://t.co/uqfP0w26Ui

Beijing Releases 145 Page Blueprint For Blockchain-Based Government

Crypto News Point

Jul 19, 2020
1 min

Beijing Releases 145 Page Blueprint For Blockchain-Based Government

China’s Beijing government has released its first blockchain application blueprint on government services as announced by a local media outlet on July 15. The blueprint suggests that around 140 government service applications are already on blockchain, divided over three categories: Data sharing and exchange Business collaborative processing Electronic certificate and certificate storage Beijing unveils plan for blockchain-based government https://t.co/8h1AQGFiYw pic.twitter.

Blockchain Community Invited To Join Australia’s National Blockchain Roadmap

Crypto News Point

Jul 11, 2020
2 min

Blockchain Community Invited To Join Australia’s National Blockchain Roadmap

The Australian National Blockchain Roadmap Steering Committee has reached out to the blockchain community in order to create working groups to explore specific applications of the technology within the supply chain, agricultural and educational sectors. The invitation on the Australian Government’s Department of Industry, Science, Energy and Resources’ website have asked interested parties to submit their expressions of interest before the 22nd of July. Are you part of Austra

Shanghai Courts Implement Blockchain Technology To Record Court Hearings

Crypto News Point

Jul 11, 2020
1 min

Shanghai Courts Implement Blockchain Technology To Record Court Hearings

Shanghai courts are using blockchain technology to record hearings as part of a court reform pilot. On July 8, Cointelegraph reported, citing local Chinese media that China’s local court participants at a recent court reform conference held by the Shanghai High Court observed that the Minhang District People’s Court used blockchain technology to record an equity transfer contract dispute. At 14 o’clock that day, the presiding judge clicked the “open court” button and struck t

Chinese Courts Implement Blockchain To Secure Properties With Electronic Seal

Crypto News Point

Jul 7, 2020
1 min

Chinese Courts Implement Blockchain To Secure Properties With Electronic Seal

Several courts in China have implemented blockchain technology to secure properties with an electronic seal. The Executive Bureau of the People’s Court in Haidian District, Beijing, has reportedly deployed a blockchain-based electronic seal to secure a property in Chaoyang district. On July 5 Global Times reported that through the application of a blockchain-powered e-sealing, courts will be able to monitor a property in real-time with help of video surveillance in a secured

Sweden’s Central Bank Releases 98-Page Report On Central Bank Digital Currencies

Crypto News Point

Jun 25, 2020
2 min

Sweden’s Central Bank Releases 98-Page Report On Central Bank Digital Currencies

Sveriges Riksbank, Sweden’s central bank just released a 98-page report on central bank digital currencies, referencing the country’s own such asset — the e-krona. In an initial note to readers, Riksbank’s June 18, 2020 report said: “The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank digital currencies (CBDC) and the e-krona.” The Sveriges Riksbank Economic Review does a deep dive into central bank digital currency, includin

Pentagon Created A War Game Where Gen Z Use Bitcoin To Fight The System

Crypto News Point

Jun 9, 2020
2 min

Pentagon Created A War Game Where Gen Z Use Bitcoin To Fight The System

A publication has uncovered information on a Pentagon war game created in 2018 where Gen Z uses bitcoin to fight the system i.e. players were rewarded in Bitcoin (BTC) for taking down financial institutions. The backdrop story has an uncanny resemblance to the current events in the midst of ongoing protests across the United States. According to a June 6 article on The Intercept, the documents reveals that the United States Pentagon created a game called the 2018 Joint Land,

Suzhou To Launch Blockchain-Powered Pilot Program Providing Notary Services

Crypto News Point

Jun 8, 2020
1 min

Suzhou To Launch Blockchain-Powered Pilot Program Providing Notary Services

Authorities of Suzhou announced that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China. On June 5 China Quality News reported that this program aims to help millions of citizens access legal and government offices via the internet. The pilot platform covers personal freedom, life, health, property rights, and more and is created by: The Suzhou Municipal Market Supervision Bureau The Suzhou Municipal Bureau of Justice. All the mat

Crypto News Point

Jun 6, 2020
2 min

Moscow To Use Blockchain Voting, Determining Putin’s Presidential Fate

Russia’s upcoming e-voting on Vladimir Putin’s Constitutional amendments will be implemented using blockchain technology, determining Putin’s presidential fate. Moscow citizens will now be able to cast their votes via blockchain-powered e-voting. Announced on Moscow government’s official website, voters can now sign up for the upcoming e-voting starting from June 5. Открыта запись на электронное голосование по изменениям в Конституцию Подать заявку можно до 14:00 21 июня. П

‘Masterplan’ For Turning China’s Hainan Province Into Free Trade Port Involves Blo

Crypto News Point

Jun 3, 2020
2 min

‘Masterplan’ For Turning China’s Hainan Province Into Free Trade Port Involves Blo

Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port. Initially, the pilot program will select two banks to carry out business through the blockchain-powered platform. According to report the first export account was traded successfully through the system. The master plan encourages government institutions to use blockchain and other technologies to reform government function. On June 1 Xinhua News reported that th

South Korean Regulators Propose Taxing On Crypto Profits

Crypto News Point

Jun 2, 2020
1 min

South Korean Regulators Propose Taxing On Crypto Profits

South Korea’s Ministry of Economy and Finance is preparing an amendment to the nation’s Income Tax Law. It could include rules for profitable sales of cryptocurrencies as well as profits from national crypto mining projects. On May 27 E Daily reported that the ministry also mentioned including profits generated by initial coin offerings despite ICOs still being banned across the country. The report specifies that crypto-to-crypto transactions will be “likely” exempt from the

Ukraine Publishes New Draft Bill On Virtual Assets For Public Discussion

Crypto News Point

May 23, 2020
2 min

Ukraine Publishes New Draft Bill On Virtual Assets For Public Discussion

On May 18, the Ministry of Digital Transformation of Ukraine published a new draft bill “On Virtual Assets” that aims to determine the legal status of crypto assets, rule of their circulation and issuance in the country. However, the current version of the bill is not final and is open for discussion by the crypto community until June 5, 2020. The main purpose of the new draft bill is to finally enable local crypto firms like exchanges to open bank accounts, according to one

Simba Chain To Build Blockchain Project For US Department Of Defence

Crypto News Point

May 14, 2020
2 min

Simba Chain To Build Blockchain Project For US Department Of Defence

Simba Chain, a blockchain startup backed by the Defense Advanced Research Projects Agency (DARPA) will soon build a blockchain project for the U.S. Department of Defense (DoD). A long-established favorite of the U.S. military authorities like the U.S. Air Force and the Navy, Simba Chain has won another contract from the United States government. SIMBA Chain wins another #DoD Contract #Blockchain #SmartContracts https://t.co/lIUpGNbeFf@RSKsmart @Hyperledger @CoinDesk @ethereum

Crypto News Point

May 7, 2020
2 min

Libra Appoints Obama’s Former Under Secretary For Terrorism As Its New CEO

The Libra Association on May 6 announced the appointment of Obama’s former under secretary for terrorism as its first CEO. Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and Barack Obama. He focussed on the enforcement of all U.S. anti-money laundering and counter terrorist financing laws by the Financial Crimes Enforcement Network (FinCEN). Libra, Facebook’s cryptocurrency project, is bringing on as chief executive Stuart

European Central Bank Pushes For Clear Regulatory Parameters For Stablecoins

Crypto News Point

May 6, 2020
2 min

European Central Bank Pushes For Clear Regulatory Parameters For Stablecoins

The European Central Bank, or ECB, pushed for clear regulatory parameters for stablecoins, citing risks as well as gaps in current regulations in its latest in-depth report on global stablecoins. On May 5 ECB wrote in its report that: “In order to reap the potential benefits of global stablecoins, a robust regulatory framework needs to be put in place in order to address these risks before such arrangements are allowed to operate.” The ECB’s report noted several benefits arou

GBA and WinterGreen Research Currently Developing A Blockchain Voting App

Crypto News Point

Apr 23, 2020
1 min

GBA and WinterGreen Research Currently Developing A Blockchain Voting App

A voting app is being developed by WinterGreen Research and Government Blockchain Association (GBA) that will use blockchain technology to “make fraud detectable”. Susan Eustis, President of WinterGreen Research says that she expects COVID-19 might accelerate its adoption: “We anticipate that the digital voting app will roll out quickly, just as the telemedicine market was eclipsed by virtual care delivery from Cisco WebEx and Zoom. Physicians went from doing 200 televisits p

Legislation Regulating Operations Of Singaporean Crypto Firms Comes Into Effect

Crypto News Point

Jan 28, 2020
1 min

Legislation Regulating Operations Of Singaporean Crypto Firms Comes Into Effect

Legislation regarding the operations of cryptocurrency firms in Singapore comes into effect from Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license. Crypto payment services must also comply with: The Financial Advisers Act Insurance Act Securities and Futures Act Trust Companies Act The new rules pl

Iran’s Ministry Of Industry Issues Over 1,000 Licenses For Cryptocurrency Mining

Crypto News Point

Jan 28, 2020
2 min

Iran’s Ministry Of Industry Issues Over 1,000 Licenses For Cryptocurrency Mining

Iran’s Ministry of Industries- Mining and Trade has issued over 1,000 cryptocurrency mining licenses for domestic operations. On Jan. 24 according to a post by Iran’s Banking and Economic System Reference Media (IBENA), a member of the Information and Communications Technology (ICT) Guild Organization’s blockchain commission – Amir Hossein Saeedi Nai, informed the public of the number of licenses issued. Nai adds that before launching a mining operation in the country, entrep

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