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Roundup – 22/01/19 – Dutch Central Bank Devises Plan to Licence Crypto Exchanges & more

Dutch Central Bank Devises Plan to Licence Crypto Exchanges

The Dutch Central Bank (DNB) has devised a new approach to cryptocurrencies. According to DNB, cryptocurrencies are means that bear a high-financial crime risk. Therefore, the government should give exchanges official licences if they meet the required regulations. The strict application of AML/CFT regulations is seen as the best way to lift crypto out of illegality. The approach will oblige crypto exchanges to monitor their transactions and to report suspicious activity. Much like regular banks do in the fiat money sector.

Adoption Of Cryptocurrencies In Africa To Improve If Banks And Governments Show Support

North America, Europe, Asia, South America, and Oceania are on the run to adopting Cryptocurrencies. However, conspicuously missing on the list is the second most populated continent on earth with 1.2 billion people, Africa. This is raising concerns in some quarters that the region may be left behind in reaping from yet another global technology after missing out on the renaissance, industrial revolution, and the most recent age of the internet.

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Coinify Activates Bitcoin SV Payments Support

A press release dated January 21, 2019, in London reveals that Coinify has activated Bitcoin SV (BSV). This means that online merchants can now start accepting BSV in exchange for goods and services. Also known as Bitcoin Santoshi Version, BSV is the only Digital Token that operates on the original protocols as envisioned by Satoshi Nakamoto in his famous whitepaper that introduced the concept of Bitcoin to the world.

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Chinese Firms Lead In Blockchain And AI Innovation

A survey by UHY Hacker Young reveals that Chinese firms filed the most patents for Blockchain and AI with the World Intellectual Property Organization (WIPO). The data is for the year 2017 but nonetheless, still illustrates the prevalence of Blockchain and AI in certain countries before and after 2017.

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Russian Government Institution Support Proposals to Allow Companies Use Cryptocurrencies

Russian government institutions are reported to support several proposals that will allow companies operating in the country to use cryptocurrencies. This comes after the government realized the potential of cryptocurrencies and blockchain technology.

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