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The Republic of Abkhazia regulates crypto-mining to get through the winter | Crypto Insider

The little nation of Abkhazia unrecognized lies on the East coast of the Black Sea, North of Georgia. Formerly part of Soviet Georgia, it is still not recognized as independent by the international community since its independence war in 1993. It currently homes a population of under 4 million people. In recent years, cryptocurrency mining operations have been erected in abandoned Soviet factories and in people’s home.  The troubled power-supply system is now struggling under the increasing pressure of the mining facilities.

Source: The Republic of Abkhazia regulates crypto-mining to get through the winter | Crypto Insider

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Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now

In the journey to digitalizing trade, blockchain and distributed ledger technology (DLT) have emerged as powerful technologies promising to bring tremendous new opportunities for trade finance. At the 2018 Singapore Fintech Festival, experts discussed the many opportunities that blockchain brings to the table, with Jim Sullivan, deputy assistant secretary for services at the US Department of Commerce of International Trade Administration, citing two core areas for blockchain: trade finance and supply chain. Sullivan spoke about an advisory committee for the US Secretary of Commerce that is working to evaluate different standards across the world and the feasibility of leveraging blockchain in trade finance…………

Source: Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now

Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

The government of Taiwan is planning to roll out a blockchain-powered digital identification system in 2020, local news outlet CNA reported last week. Premier William Lai announced plans to launch the new eID system at a meeting held last week. The initiative is part of the broader efforts aimed at implementing “smart government” to promote the digital transformation of the government.

Source: Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

A bill has been introduced in Wyoming’s state legislature to establish financial technology sandbox in order to boost innovation in this space. Introduced last week, the “Financial Technology Sandbox Act” seeks to create a financial technology sandbox for the testing of financial products and services in the state of Wyoming.

Source: Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

Italian government brings together 30 experts to build national blockchain strategy – TokenPost

Italy’s Ministry of Economic Development has brought together 30 experts in a bid to boost the country’s blockchain strategy, CoinDesk reported.In September, the ministry had launched a call for applications for the selection of up to 30 members of a group of experts for the drafting of a national strategy on distributed ledger technologies (DLTs) and blockchain.

Source: Italian government brings together 30 experts to build national blockchain strategy – TokenPost

Indian media giant The Times Group invests in blockchain-based referral platform Ponder – TokenPost

Brand Capital, the strategic investment arm of BCCL Indias largest media group, has acquired a stake in Ponder, a blockchain-based referral platform.Ponder aims to simplify and make it enjoyable to make and find…

Source: Indian media giant The Times Group invests in blockchain-based referral platform Ponder – TokenPost

South Korea: Shinhan Bank Turns to Blockchain Technology to Augment Financial Services

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