Headlines for the world of Cryptocurrencies - September 11, 2017
China's ICO ban is temporary
According to an interview to a Chinese official, the ICO ban of the Chinese government is only set to temporary.
The government is currently developing licensing regulations and will soon resume ICOs after establishing such regulations.
The official also clarified that the ban is not to stop the blockchain industry but rather to protect the investors.
However, still some say that there is no enough assurance that China will bring back ICOs in the country.
The interviewed official was Hu Bing who is from the Institute of Finance and Banking, which does not have a direct affiliation with the government, and so therefore we can say that it is not a direct statement from the government itself.
Major Israel Bank joined Microsoft to offer Blockchain-based Bank Guaranty
Bank Hapoalim of Israel is currently partnering with Microsoft to provide a platform based in blockhain that supports digital bank guarantees for customers.
This is the first ever in Israel that a bank will deploy a blockchain technology in financial contracts.
The project will ease the process of singing up guarantors. The traditional process will require customers to go to a branch to have a bank guarantee, transfer it to the beneficiary and return it to the bank whenever it is not used. Through the project, bank customers will be given security documents in a secure, automated, digital way which only comes in short period of time.
Microsoft will be using Azure cloud platform to create a new tool for this project.
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Headlines for the world of Cryptocurrencies - September 10, 2017Russia to Legalize Bitcoin and other Cryptocurrencies / There's Still a Chance for Bitcoin ETF |
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Headlines for the world of Cryptocurrencies - September 09, 2017Monetha Partners with Europe's Leading Food Delivery Company / US Legislators to Get rid of Tax for Bitcoin Transactions below $600 |
Headlines for the world of Cryptocurrencies - September 08, 2017eToro to add five cryptocurrencies in the trading platform / Filecoin breaks ICO All-time funding record at $257 million / Bitfinex Adds NEO and the Price Soared Up |
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whay China's ICO ban ? i not have idea about it
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