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UAS: The First Government to Bring Blockchain Development to The Masses

Source Node: https://bitcoinerx.com/blockchain/uas-the-first-government-to-bring-blockchain-development-to-the-masses/
Time Stamp: August 10, 2020 3:39 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

What constitutes development? Would one know it when they saw it? More importantly, why should it matter whether or not a nation attains it? Answers to these seemingly simple questions are as varied as people are. However, simply put, development is the expansion of a nation’s economy, complemented with a significant rise in its citizens’ living standards. From this, it is apparent that development is visible—additionally, its attainment matters. Africa, compared to other regions, is underdeveloped, albeit resource-rich. Ironically, incomes continue to rise across the continent while a majority of

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/
Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

Former Bakkt CEO to Sell All Holdings After Insider Trading Accusations

Source Node: https://cointelegraph.com/news/former-bakkt-ceo-to-sell-all-holdings-after-insider-trading-accusations
Time Stamp: April 9, 2020 9:07 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Following major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings with her husband.In an April 8 tweet, Loeffler said that she and her husband Jeffrey Sprecher, CEO of ICE, which is the company that owns Bitcoin (BTC) options contracts regulator Bakkt, are liquidating their holdings in managed accounts to focus on tackling the coronavirus situation.“I’m doing it because the issue isn’t worth the distraction”The former CEO of Bakkt has also published an opinion piece in

Bitcoin Supports Italian Red Cross as Coronavirus Fight Continues

Source Node: https://insidebitcoins.com/news/bitcoin-supports-italian-red-cross-as-coronavirus-fight-continues/256831
Time Stamp: April 8, 2020 6:14 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The coronavirus pandemic has spread across the world, with over a million confirmed cases already clocked worldwide. However, Italy has been one of the countries hit the hardest by the coronavirus pandemic, and its healthcare system has had some significant luck with using crypto to combat it.AMPs for Medical ReliefEarlier this week, the Italian Red Cross Society announced that it had erected an Advanced Medical Post (AMP) for pre-triage in Castel Gandolfo, a town close to the capital. It set up the AMP in collaboration with the Colli Albani Committee, and

Crypto Payment Network Partners With ID Screening Service

Source Node: https://cointelegraph.com/news/crypto-payment-network-partners-with-id-screening-service
Time Stamp: April 7, 2020 12:47 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers.As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients'  KYC data including date of birth, addresses, names, document numbers, document issue dates and expiration dates.EU’s 5th Anti-Money Laundering Initiative ComplianceThe partnership follows the adoption of the European Union's Fifth Anti-Money Laundering Initiative (5AMLD), which introduces new and, in some cases, tightened KYC measures on financial platforms — including cryptocurrency

Charities Are Turning to Bitcoin Amid the Global Fight Against Coronavirus

Source Node: https://cointelegraph.com/news/charities-are-turning-to-bitcoin-amid-the-global-fight-against-coronavirus
Time Stamp: April 6, 2020 2:41 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In the war against the novel coronavirus, cryptocurrencies are emerging as a much-needed tool for charity and fundraising projects. Already there are a number of large nonprofits accepting Bitcoin donations. Plus, some blockchain and crypto firms are contributing medical supplies to hospitals in an attempt to curb the virus, while others are setting up fundraisers and charities that are aimed at helping its victims.As a number of nonprofits continue to accept cryptocurrency donations, they are starting to realize that crypto transactions significantly reduce costs in terms of fees. Here are

Remaining Anonymous: Which Crypto Privacy Solution Works Best?

Source Node: https://cointelegraph.com/news/remaining-anonymous-which-crypto-privacy-solution-works-best
Time Stamp: April 2, 2020 9:44 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

The cryptocurrency industry was initially headlined as anonymous digital cash. While experts were keen to point out that this was not exactly the case, Bitcoin (BTC) found initial popularity in darknet markets such as Silk Road, where merchants sold illegal goods ranging from light drugs to, allegedly, hitman services. Founded in 2011, Silk Road thrived for the next two years until the Federal Bureau of Investigation shut it down in 2013. Authorities later revealed that completely free blockchain explorers aided their investigative efforts.Bitcoin’s transaction ledger is completely open for the