# OK Group to help China combat money laundering with blockchain

# OK Group to help China combat money laundering with blockchain

“# OK Group to help China combat money laundering with blockchain ” OK Group, a blockchain technology firm formerly behind cryptocurrency exchange OKEx, will start working with Chinese authorities to combat money laundering using blockchain technology. The company’s settlement-focused subsidiary OKLink has reached a partnership with Nanjing Public Security Research Institute to collaborate on applying…

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# Australian government awards M in grants to two blockchain startups

# Australian government awards $4M in grants to two blockchain startups

“# Australian government awards $4M in grants to two blockchain startups ” Australia’s Minister for Industry, Science and Technology announced 5.6 million Australian dollars ($4.2 million) in grants to two blockchain-focused companies including traceability firm Everledger and technology consulting startup Convergence.tech. Everledger, a company focused on building a global registry for diamonds, has received 3 million…

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# UK advertising watchdog flags crypto ads ‘red alert’ priority

# UK advertising watchdog flags crypto ads ‘red alert’ priority

“# UK advertising watchdog flags crypto ads ‘red alert’ priority ” Amid the United Kingdom taking a tougher regulatory stance on the cryptocurrency industry, a major local advertising industry organization has announced a crackdown on crypto ads. The Advertising Standards Authority (ASA), the U.K.’s independent advertising regulator, plans to launch a major effort this month…

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# France and Singapore pilot cross-border CBDC transactions

# France and Singapore pilot cross-border CBDC transactions

“# France and Singapore pilot cross-border CBDC transactions ” Financial authorities in France and Singapore are actively exploring the cross-border applications of central bank digital currencies (CBDCs. In a joint announcement on Thursday, the Bank of France and the Monetary Authority of Singapore (MAS) said that they successfully completed a whole cross-border payment and settlement…

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# China’s central bank worried about stablecoins’ risk to financial systems

# China’s central bank worried about stablecoins’ risk to financial systems

“# China’s central bank worried about stablecoins’ risk to financial systems ” The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins…

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# Russian lawmakers prepare legal amendment to confiscate crypto

# Russian lawmakers prepare legal amendment to confiscate crypto

“# Russian lawmakers prepare legal amendment to confiscate crypto ” Russian lawmakers are working on new legislation that would allow the government to confiscate cryptocurrencies, according to a senior official. Russian Prosecutor General Igor Krasnov claimed that the government is now developing a set of amendments to the country’s criminal code to allow authorities to…

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# Ukrainian e-bank plans to offer Bitcoin trading in July

# Ukrainian e-bank plans to offer Bitcoin trading in July

“# Ukrainian e-bank plans to offer Bitcoin trading in July ” As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday….

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