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Tag: cryptocurrency

The Standard Bank of South Africa is launching a blockchain with permission for foreign exchange services

South Africa’s Standard Bank will soon launch its private blockchain with permission for foreign exchange operations on behalf of corporate clients, reports FinExtra, the Fintech news outlet, on Thursday, February 28. The platform, which is ready to start operating in the second half of 2019, is based on Hyperledger Fabric,…

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JP Morgan’s cryptographic is unlikely to pose an immediate threat to SWIFT or XRP

Just a few weeks ago, JP Morgan Chase, one of the largest financial institutions in the world, shocked the cryptographic space. For those who missed the memo, the Wall Street pillar revealed plans to launch their own digital asset, based on the private accounting book Ethereum-Esque Quorum. Due to its…

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What happened to the CFTC request? Coinbase and other large companies respond

Several major crypto and traditional financial firms responded to a request from the US Trade Commission for Commodity Futures (CFTC) on the mechanics of crypto assets on February 25. About the CFTC document The CFTC published its request at the end of December 2018. In it, the Regulatory Authority’s LabCFTC…

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