Canada has emerged as one of the cryptocurrency and blockchain centers of the world. Canada’s dominance in blockchain innovation stems in part from Toronto being home to Vitalik Buterin, the inventor of Ethereum Blockchain, which is the globally most adopted platform that supports ether (ETH), the second highest cryptocurrency valued at $63 billion. … Continue Reading
Posts Tagged: blockchain
At a recent cryptocurrency workshop, financial investigators from the Interpol and Europol organizations from over 30 nations discussed measures to combat the misuse of cryptocurrencies by criminals.
This meeting was in response to the report released by Europol (with headquarters in the Hague, Netherlands) which stated (pdf) that more than 40 percent of online transactions for illegal ends used Bitcoin, crypto mixers, and tumblers. … Continue Reading
With Vitalik Buterin, Ethereum Blockchain’s principal inventor residing in Toronto, Canada it is no wonder that Canada ranks third in the world behind the United States and the United Kingdom when it comes to blockchain technology adaptation.… Continue Reading
The U.S. government and several of its agencies have been evaluating blockchain technology as a preventative measure against corruption that may distort the fair awarding of public procurement contracts, reduce the quality of basic public services, limit opportunities to develop a competitive private sector and undermine trust in public institutions.… Continue Reading
Compliance professionals know intuitively that we’re in the midst of a disruptive evolution, with big data being a way of life and emerging technologies like AI and blockchain promising more to come.… Continue Reading
While digital currencies — Bitcoin or one of its many variations — continue to make inroads into payments markets, many companies, financial institutions, government bodies and others are still playing catch-up. … Continue Reading
It’s ironic that Saudi Prince Al-Waleed bin Talal, the richest tech investor in the Middle East, criticized block chain technology and Bitcoin by calling it a “fraud.”
The Gulf Cooperation Council countries, including Saudi Arabia, have been working since 2014 to weave sharia compliant Blockchain technology and Bitcoin into their existing financial and legal infrastructure, while transforming them all at the same time.… Continue Reading
Could the speed, security, and immutability of blockchain help financial institutions achieve regulatory compliance in a more efficient manner? There are good reasons to think so.
Blockchain technology has the potential to transform many business processes, making the data used in those processes more available, transparent, immediate and secure.… Continue Reading