Monday - Telegram Claims GRAM Tokens Not an Investment
The major messaging service provider, Telegram, claims their GRAM tokens don't represent an investment in a new public statement. The company claims that the underlying asset of their Telegram Open Network (TON) shouldn't be associated with profits based on purchase or holding of the token, i.e. claiming they do not constitute a security. In doing so, they are once again fighting the accusations laid before them by the U.S. market regulator, the Securities Exchange Commission (SEC)
Tuesday - PBoC CBDC Developement Progressing Smoothly
The People’s Bank of China (PBoC), China's central bank, has issued a statement during a recent working conference in Beijing claiming the development of digital yuan is “progressing smoothly”. Reportedly more than five years into development, the central bank digital currency has been unveiled by the PBoC soon after Facebook announced its own plans to launch a digital currency and was generally regarded as a reaction to it at the time. The digital currency is a part of the bank's plan to implement "the spirit" of the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China.
Wednesday - Virginia Considering Blockchain to Improve Voting Process?
The legislators of the U.S. federal state of Virginia are looking into blockchain technology and the possibilities of improving the voting and election processes using blockchain. Hala Ayala, a state delegate and cyber-security specialist, has sponsored a bill requesting further study into blockchain-based elections to be put in front of Virginia’s General Assembly. Although a long way from making it into Virginia's law, this bill proposition at least reflects the public interest in the technology.
Thursday - Binance Charity Launches Campaign to Help Fire Affected Australia
The charity project of the world's biggest cryptocurrency exchange Binance, Binance Charity, announced the launch of a new campaign, aimed at relieving the after-effects of the devastating bushfires that are rampaging across Australia. The CEO of Binance, Changpeng Zhao invited crypto users to donate via his twitter, saying “It is painful to see the bushfires burning across Australia as well as the devastating effects on the ecology and local community. We want to help this urgent crisis. Donating for Australia Bushfires charity program is the most direct and effective approach to make an impact, and we are also calling for the whole crypto community to join us in supporting Australia.”
Friday - Port of Salalah Joins TradeLens
The port of Salalah , the biggest port in Oman - handling more than 4M containers per year, has joined the blockchain supply chain tracking platform developed by IBM and Maersk - TradeLens. According to IBM, the latest addition to the platform puts TradeLens at more than 150 participants, including more than 90 ports across the world and including the majority of the world's biggest shipping companies. With major shipping companies already taking part, it is only a matter of time until more of the major shipping ports in the world also join up the platform, which can be used as a textbook example of mainstream adoption other projects can only dream of.
Saturday - Kik Continues Legal Battle With SEC
The Canadian messaging app startup, Kik Interactive Inc., has requested a formal definition of a trial date in the case against the U.S. market regulator, the United States Securities and Exchange Commission (SEC). The messaging app has fallen under SEC scrutiny after their initial token offering for the Kik utility token has been proclaimed an unregistered security offering by the SEC and the company has been driven to the brink of bankruptcy by the following legal battle.
Sunday - FCA Takes Over AML and CTF Compliance Supervision of Crypto Companies
The United Kingdom's financial watchdog, the Financial Conduct Authority (FCA), has been taked with anti-money laundering (AML) and counter terrorist financing (CTF) compliance supervision for companies dealing with cryptocurrencies. In addition to the announcement the regulator will be conducting compliance checks, they have also released a series of requirements for cryptocurrency-related businesses, including identification and assessment of AML and CFT risks, development of elimination policies and controls for the said risks and the know your customer process.