Blockchain 

Libra Association Seeks Swiss Payments License for Facebook’s Crypto

Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11.  “Regulated, low-friction, high-security” blockchain payments In an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the Libra network — explained its choice to coordinate a regulatory framework with the Swiss watchdog: “Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight. We are engaging in constructive dialogue with FINMA and are encouraged…

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Ethereum 

No Companies Have Officially Joined Libra Association Says Visa CEO

Alfred F. Kelly Jr., the CEO of Visa, said that no companies have officially joined Libra. At this stage, the 20-some companies involved with the foundation have reportedly only declared interest via a nonbinding letter of intent. According to an apparent transcript of a Q3 2019 earnings call for Visa dated July 23, Kelly said: “We have signed a nonbinding letter of intent to join Libra. We’re one of – I think it’s 27 companies that have expressed that interest. So no one has yet officially joined.”  As per the…

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Blockchain 

Group of Digital Asset Trade Associations to Establish Global Cryptocurrency Association

A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry in a press release shared with Cointelegraph on June 29. Per the release, the aforementioned Japanese trade association signed a Memorandum of Understanding (MoU) in Osaka aiming to establish the association. The associations that signed the agreement include the Australian Digital Commerce Association (ADCA), Singapore Cryptocurrency and Blockchain Industry Association, Japan Blockchain Association, Korean Blockchain Association, Hong Kong Blockchain…

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Blockchain 

Kik Hands Off Defend Crypto Frund to The Blockchain Association

The Blockchain Association, a collective of advocates involved with the blockchain industry, has taken over the Defend Crypto fund set up by Kik According to an official blog post on June 28, Kik — the company behind Kik Messenger and the kin (KIN) cryptocurrency — believes that the Blockchain Association “will be in the best position to objectively allocate the resources to the highest impact initiatives” and has chosen it to lead Defend Crypto. The announcement also stresses that it will allocate resources for legal initiatives not just for Kik,…

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Blockchain 

Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which will be based out of Geneva — as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain. The Block claims to have seen an unspecified blog post from Facebook, according…

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Blockchain 

Former Financial Regulator Deputy Governor to Serve as Blockchain Association Chief

The former deputy governor of South Korea’s financial regulator, the Financial Supervisory Service (FSS), has been nominated to lead the Korea Blockchain Association. The news, revealed by the association on Monday, was reported by local English-language daily The Korea Times on June 13. The Korea Blockchain Association seeks to create regulations for blockchain technology and the cryptocurrency sector, and counts crypto exchanges, crypto-related enterprises and public institutions as members. It is reportedly set to appoint Oh Gap-soo, 70, to the role at a forthcoming general meeting scheduled for June 24.…

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Blockchain 

US National Association of Realtors Invests in Blockchain-Based Real Estate Firm Propy

A major United States trade association, the National Association of Realtors (NAR), has invested in blockchain-based real estate platform Propy, Forbes reports on June 10. The NAR’s strategic investment arm, Second Century Ventures, has invested an undisclosed amount in Ethereum blockchain-based startup Propy as a part of its commercial real estate technology accelerator REach. Launched in February 2019, the REach program is reportedly the first commercial accelerator of its kind, aiming to bring together major technology disruptors in the real estate industry by selecting ten startups to enter each year,…

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Blockchain 

EU Launches International Blockchain Association, Bringing Crypto One Step Closer to Mainstream Adoption

The European Union has officially launched the International Association of Trusted Blockchain Applications (INATBA) — with IBM, Accenture and Deutsche Telekom among the 100-plus members to have signed the association’s charter at a ceremony at the European Commission (EC) in Brussels on April 4. INATBA was legally formed last month as an offshoot of the EU’s European Blockchain Partnership, with the explicit aim of “supporting interoperability, developing specifications, promoting standards and regulatory convergence to support the development and exploitation of innovative blockchain technologies.” Launching ceremony Hosted by European Commissioner Mariya Gabriel and…

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Blockchain 

European Union Launches International Association of Trusted Blockchain Applications

The European Union announced the launch of the International Association of Trusted Blockchain Applications (INATBA) on its official website on April 3. According to a Cointelegraph representative who attended today’s ceremony at the European Commission in Brussels, the more than 100 members who have signed the charter include IBM, Accenture and Deutsche Telekom. Among the blockchain-related members number Iota, Ripple, ConsenSys, and the Sovrin Foundation. Per the announcement, INATBA aims to bring together industry startups, small and medium enterprises (SMEs), regulators and standard setting bodies to bring blockchain and distributed…

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Bitcoin 

Crypto Valley Association ‘Looking Into’ Improper Conduct by Member Platform Blue Trading

Swiss cryptocurrency industry organization the Crypto Valley Association (CVA) is investigating allegations of foul play by one of its members after the platform closed down last month, CVA officials confirmed in a statement on Feb. 28. According to its website at press time, Blue Trading, also known as BlueTrading, shuttered investment services after what it described as a software malfunction, discovered Feb. 21, caused widespread losses of funds. At the same time, the platform’s owner, BluVenture Group Ltd., has faced considerable controversy over its legitimacy claims from international finance bodies.…

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