Search by "eu" tag
Denmark Implements Blockchain In The Ship Sector

Denmark Implements Blockchain In The Ship Sector

Yesterday, on June 4, Denmark has joined a total of 24 European Union members marking its support of pan-EU blockchain standards and solutions. 

Danish Minister for Industry Brian Mikkelsen reported that Denmark will be the first country to implement Blockchain technology into the ship sector that historically plays a crucial role in the country's economics. It will allow registering water-crafts in the ship records, as Mikkelsen explained. 

The allies were founded in April aiming to develop and spread the technology of Blockchain in Europe.

Anonymity Is No Longer Welcome In Europe

Crypto Exchange Poloniex has toughened its policy concerning users’ privacy, who are now unable to trade before their accounts are verified. The KYC (Know Your Customer) procedure was announced in December 2017, yet not all users paid proper attention to the exchange’s recommendation to withdrawal their resources. From now the withdrawal limit is $2000 per day read more

The European Banking Authority Reports on Risks that DLT Brings

The European Banking Authority Reports on Risks that DLT Brings

The European Banking Authority (EBA) has published a report on July 3, in which analyzes the benefits and prudential risks that newborn Financial Technologies (FinTech) bring to institutions. In the lengthy introduction, EBA informs that the present report is aimed at raising awareness within the community. EBA lists 7 use cases of FinTech, while in only 2 of them speaks about Distributed Ledger Technology (DLT): smart contracts for trade finance and streamline Customer Due Diligence (CDD) processes. read more