Featured Product

    EU Blockchain Observatory of EC Publishes October-November Newsletter

    December 04, 2019

    The European Union Blockchain Observatory and Forum published its October-November newsletter, which covers the activities and events in EU on topics such as blockchain and artificial intelligence. This issue of the newsletter announces the success of inaugural edition of the Global Blockchain Convergence Congress 2019, which took place in Spain between November 11 and 13. Also released are the thematic report on Blockchain in trade finance and supply chain, an academic paper entitled "Blockchains and Education," and a report on a recent workshop on blockchain in financial services.

    With the joint effort of EC, the Observatory, INATBA, and Alastria, the inaugural edition of Convergence was meant to be the first in what will become a yearly meeting between the global blockchain community, regulators, corporates, activists, and the public at large. The convergence attracted nearly 1,400 attendees representing over 50 countries, nearly 230 speakers, and over 80 keynotes, panels, fireside chats, roundtables, and meetings.

    The thematic report on Blockchain in trade finance and supply chain  highlights that globalization has made supply chains significantly more complex, involving multiple players globally and a great deal of coordination among large numbers of stakeholders that do not necessarily trust each other. While this has driven up operating costs, increased regulation is driving up the cost of regulatory compliance. Many processes are outdated, often paper-based and supply chains suffer from a lack of transparency due to data not being readily available. This report examines how blockchain technology might provide a means to address many of these issues. Additionally, the academic paper on Blockchains and Education provides a succinct, detailed overview of the use of blockchain and distributed ledger technology for education globally, with conclusions and recommendations tailored for a European context.

    The newsletter also highlights the following issues that caught the attention of community during the month:

    • South Africa plans new rules to stop crypto from being used to evade currency controls
    • Like China’s Crypto was not enough, now a BRICS Crypto is on its way
    • Which governments are using bockchain right now?
    • Regulating the crypto world—new developments from France
    • Latest IFC publication on blockchain

     

    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, Blockchain, Blockchain Observatory, Newsletter, Fintech, Regtech, Distributed Ledger Technology, Artificial Intelligence, EC

    Related Articles
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    News

    SRB Chair Outlines Work Priorities for 2021

    The SRB Chair Elke König published an article setting out work priorities for 2021.

    January 11, 2021 WebPage Regulatory News
    News

    FDIC Selects Companies to Compete in Final Phase of Tech Sprint

    FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.

    January 11, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6417