Bahreyn, Hindistan Firmalarını Bölgedeki Fintech Gelişimini Kolaylaştırmaya Davet Ediyor | Kripto Kılavuz
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Bahrain Offers Indian Companies to Facilitate Fintech Development in the Region

Bahreyn, Hindistan Firmalarını Bölgedeki Fintech Gelişimini Kolaylaştırmaya Davet Ediyor

In order to facilitate the development of blockchain technology in the region, Bahrain has invited Indian companies to fintech and invited them to the virtual market.

”Bahrain has been reported to offer Indian companies a range of opportunities as key markets in the blockchain, digital assets, open banking and remittance sectors to boost fintech growth in the country.“

Fintech Development in Bahrain

Dalal Buhejji, Senior Director of the Bahrain Economic Development Board (EDB), reported that some Indian companies have applied to the Bahrain fintech sandbox last December, and that EDB has signed a Memorandum of Understanding with the government of Maharashtra to develop a common publicity framework for both of fintech. Buhejji added:

Istem The Central Bank of Bahrain has created the right ecosystem to support growth and innovation. We have recently seen different arrangements to support open banking, crypto asset trade regulation, and robo consultancy draft regulation. Son

The Central Bank of Bahrain (CBB) is pending official regulations in February this year blockchain and the regulatory program to allow crypto companies to operate in the country. Initiatives of firms ”Test their solutions with a limited number of users, with a limited number of processes“ In addition to providing new companies accelerate the entry of the market.

Later that month, the Sharia-compliant crypto-currency exchange in Bahrain, Rain first completed the CBB's Legal Sandbox. As reported on the stock exchange, CBB passed a Sharia compliance certificate, managed by a leading Sharia consulting and auditing firm licensed by the Shariyah Review Bureau.

In January, the University of Bahrain announced that it will issue a diploma in a blockchain as part of a general digitization strategy for mobile students. To implement the initiative, the university reportedly uses Blockcerts open standards as a partner with the Learning Machine, a startup system that provides a system to publish verifiable official records using a Blockchain-linked format.

Source: Cointelegraph

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

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About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

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The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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