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Japan's national Diet proposed changes to current legislation today to include a definition for virtual currencies under domestic law. The proposal would reportedly treat bitcoin and digital currencies as forms of property, and bring domestic exchanges under existing regulation.
Banks are spending billions annual to comply with financial regulation, but 'big four' professional services firm KPMG believes blockchain could help cut these costs. In a new interview, the company opened up about its blockchain strategy, providing its take on the state of the current market.
JPMorgan presented a proprietary blockchain project during this week’s meeting of the technical steering committee for the Linux Foundation-led Hyperledger Project. The prototype, dubbed “Juno”, was presented by developer Will Marino on 3rd March.
Guardtime, a data security startup, has announced a partnership with the Estonian e-Health Foundation that will see it deploy a blockchain-based system to secure over 1 million patient records. The integration will allow "real-time" visibility into the state of electronic systems and patient records, the startup said.
While bitcoin may not be facing a "nightmare" scenario as indicated by the mainstream media, some digital currency users are now paying higher-than-average fees and waiting longer for transactions to confirm due to an unknown disruptive network user.
Healthcare giant Philips has officially launched the Philips Blockchain Lab, a research and development center located in Amsterdam.The announcement follows the news that Philips had partnered with blockchain recordkeeping startup Tierion on an unspecified project in October.
Germany’s top securities regulator BaFin published an internal journal last month with a cover story on the topic of blockchain technology, exploring its inner workings and possible use cases, along with early hints at how it views the technology.
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