Monday, September 16, 2019
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Jibrel to Launch Regulated Blockchain-Powered Private Financing Platform

Swiss-based blockchain fintech company Jibrel Network, a blockchain-based fintech company has just launched Jibrel.com — a new regulated blockchain-powered private financing platform.advertisementIt was recently accepted into the Abu Dhabi Global Market (ADGM) RegLab cohort in the UAE and the words of Yazan Barghuthi, Jibrel’s co-founder and CEO: “We are excited to

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Philippines’ Central Bank Will Continue to Closely Monitor Crypto, Citing Terror Financing

The governor of the Philippines’ central bank, Benjamin Diokno, has warned against the potential use of cryptocurrencies for terrorism financing and underscored that the Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country. The news was reported by local English language newspaper The

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Morgan Creek-Backed DLT Equity Loan Platform Figure Secures $1 Billion Financing Facility

Morgan Creek-backed blockchain equity loan platform Figure has completed a $1 billion “uncommitted” financing facility via blockchain, the firm announced in a press release on May 9.Custodied on Figure’s blockchain platform Provenance.io, the new facility was closed along with major global investment banking firm Jefferies and multi-billion dollar financial

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G20 to Establish Crypto AML and Counter-Terrorism Financing Regulations in June: Report

G20 member countries will meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9 in Fukuoka, Japan. The news was revealed in a report from local news outlet Kyodo on April 4.Per the report, and in accordance with official plans, G20 central bank governors and

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Cryptocurrencies Not Currently Viable for Terrorism Financing: Think Tank

Cryptocurrencies are not well-suited for the needs of terrorist groups, United States nonprofit think tank RAND Corporation states in a report published on March 27.The report, dubbed “Terrorist Use of Cryptocurrencies: Technical and Organizational Barriers and Future Threats,” is focused on two main angles — how terrorists use cryptocurrencies

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Chinese Shipping Giant to Explore Blockchain for Upstream Supply Chain Financing

China Shipbuilding Industry Company Limited (CSICL) is going to explore how it can apply blockchain to financing its upstream suppliers, reports official Chinese newspaper People’s Daily on March 27. CSICL is a subsidiary of one of the two largest Chinese shipping conglomerates, China Shipbuilding Industry Corporation (CSIC).CSICL signed a

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US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

The United States Treasury Department has added Moscow-based bank Evrofinance Mosnarbank to its sanctions list, alleging it was the “primary international financial institution willing to finance” Venezuela’s controversial national oil-backed cryptocurrency, Petro (PTR). The news was announced in an official Treasury press release published on March 11.In its statement,

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Bank Blockchain Consortium Targets Improvements to Small Business Financing

Banks in India are collaborating on a new blockchain platform to remove financing hurdles for micro, small and medium size businesses (MSMEs), local daily news outlet Economic Times reported Jan. 28.A total of eleven banks — including second-biggest lender Kotak Mahindra Bank, State Bank of India and ICICI Bank —

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