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Cayman Islands introduce regulations for virtual asset service providers

The Ministry of Financial Services of the Cayman Islands Government announced that it has commenced a regulatory framework for virtual asset service providers, or VASPs.In an Oct. 31 press release, the ministry claimed that the move had strengthened the country’s “ability to regulate and attract persons and entities that deal

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Mastercard launches virtual testing environment for central bank currencies

Mastercard announced on Wednesday the release of a proprietary tool targeted to central banks that wish to test their Central Bank Digital Currency, or CBDC.Over 70% of central banks are entertaining the idea of a digital currency in some form, a Bank of International Settlements report noted. While few have

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BitFlyer Holds First Virtual Shareholders Meeting With Blockchain Voting App

BitFlyer Holdings, which runs one of Japan's largest cryptocurrency exchanges, held its general shareholders meeting Friday and, for the first time, used a blockchain voting app.In the “new normal” where social distancing is required, blockchain technology finds another use case. The voting app, called bVote, was developed by BitFlyer’s subsidiary

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SEC Launches Virtual Meetups for Fintech Industry Players

FinHub, a fintech arm of the U.S. Securities and Exchange Commission (SEC) will now host digital meetings for industry players amid COVID-19 lockdowns."To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over the next few months," the commission said in a June 11 statement, adding:"During

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BitFlyer Blockchain Reveals Voting App for Virtual Shareholders Meetings

The blockchain arm of Japan-based bitFlyer Holdings is debuting a new app for shareholder voting.According to an announcement by bitFlyer Blockchain, the new app — dubbed bVote — aims to allow Japanese corporations to conduct general shareholders meetings without requiring anyone to physically attend. Per bitFlyer, the app will be able

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