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To justify halting the launch of Telegram’s long-awaited $1.7 billion blockchain project, the Securities and Exchange Commission (SEC) relied heavily on communications obtained from investors.
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The transactions of over 700 cryptocurrencies are now searchable on CipherTrace’s blockchain analytics platform. Support for ERC-20 tokens and smart contracts has also been added, including transaction and counterparty information.
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Google, Temasek and Bain & Company released the e-Conomy Southeast Asia report for 2019, highlighting the most significant industry trends observed in 2019 and analysing the current and future potential of the Southeast Asian Internet economy across its six largest markets (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam).tags: Fintech
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The Bank of Thailand announced that ten financial institutions are participating in its regulatory sandbox project to test-run the use of e-kyc (electronic know your customer) biometric technology to verify customer identities.
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“With a view to expanding and deepening the digital payments ecosystem, it has been decided that State/UT Level Bankers Committees (SLBCs/ UTLBCs) shall identify one district in their respective States/UTs on a pilot basis in consultation with banks and stakeholders. The identified district may be allocated to a bank with significant footprint which will endeavour to make the district 100% digitally enabled. This would enable every individual in the district to make/receive payments digitally in a safe, secure, quick, affordable and convenient manner. Guidelines in this regard will be issued shortly.”tags: Fintech PaymentSystems
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The World InsurTech Report (WITR) 2019 from Capgemini and Efma explores the Insurance marketplace of the future and offers insights into how established insurers and InsurTechs can remain competitive in a dynamic business environment.
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Each user’s funds will be covered by the Federal Deposit Insurance Corporation up to $1.25 million. To get around the $250,000 FDIC limit per bank, Robinhood is partnering with six banks that it will spread a user’s cash across as necessary to bundle up to that sum.tags: Fintech PaymentSystems
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Using Tradeshift’s platform and smart contracts on the Ethereum blockchain, Icelandic retailer Nordic Store purchased goods from IKEA Iceland and settled an e-invoice with Monerium’s programmable digital cash.
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Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, Coinshares announced a gold-backed network for trading tokens representing digitized physical gold. The network launches with more than $20 million in gold held in a Swiss vault to back up its tokens. Each DGLD token is backed by 1/10th troy ounce.
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Binance will integrate Coinfirm’s blockchain-agnostic AML Platform to its cryptocurrency exchange servicing users in over 180 countries and regions for ensuring secure trading for its customers and compliance with the FATF’s guidelines to cryptocurrency exchanges around the world.
Kiffmeister’s Fintech Daily Digest 10/15/2019
