French President Says Blockchain Could Put Europe at ‘Vanguard’ of Innovation
French President Emmanuel Macron has called for increased use of data technologies such as blockchain in the EU to boost the agriculture industry and address concerns over food traceability.
Inaugurating the 56th International Agricultural Fair in Paris at the weekend, Agridigitale.net reports, Macron spoke of the need to authenticate and track agricultural products amid growing consumer concerns over issues such such as the recent Polish beef scandal, saying: Source: Coindesk
Bitcoin is ‘Potentially Disruptive’ to PayPal & Visa: Analyst
Bitcoin or another cryptocurrency won’t supplant PayPal and credit cards as payment options yet, but they could in due time. That’s the assessment of Lisa Ellis, an equity analyst with sell-side research firm MoffettNathanson.
“Cryptocurrency systems (e.g., Bitcoin, Ethereum, Ripple) are potentially disruptive to private payment systems,” Ellis wrote in a client note. “Their core design characteristics — which are aimed at enabling ‘freedom of money’ — are in direct contrast to the characteristics of most traditional, private payment systems.” Source: CCN.com
Thai SEC Added 3 Cryptos to List of Crypto Assets Suitable for ICOs and Trading
The Thai Securities and Exchange Commission (Thai SEC) has updated the list of cryptocurrencies suitable for use in initial coin offering (ICO) investments and trading pairs. An official Thai SEC statement reported the development on Feb. 28.
Until now, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM) could be used for the purposes mentioned above when complying with regulation in Thailand. In this statement, the commission informs the public that Bitcoin Cash (BCH), Ethereum Classic (ETC) and Litecoin (LTC) have been added to the list. Source: Cointelegraph
Bahrain Becomes First Arab Nation to Comprehensively Regulate Bitcoin
A couple months ago, CCN reported that Bahrain had completed its draft regulations for cryptocurrencies.The Arab nation has now completed its finalized version of the same, and it hasn’t noted much change in its positive disposition. According to a post on the Central Bank of Bahrain’s website, the country is now a safe place to do business crypto assets. Khalid Hamid, the director of Banking Supervision, says:
The CBB’s introduction of the rules relating to crypto-assets is in line with its goal to develop a comprehensive rules for the FinTech eco-system supporting Bahrain’s position as a leading financial hub in the MENA region. Source: CCN.com