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World Economic Forum Releases GSMI Global Blockchain Standards

World Economic Forum Releases GSMI Global Blockchain Standards

The World Economic Forum (WEF) has released blockchain standards dubbed the Global Standards Mapping Initiative (GSMI).

China to Dominate Global Tech Standards? Expert says “It Would be Tough”

China to Dominate Global Tech Standards? Expert says “It Would be Tough”

China announced a new 15-year blueprint as part of the country’s global technology push, to set the global standards for the next-generation of technologies, including blockchain.

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards

The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”

China intensifies focus on blockchain despite cryptocurrency stance

China intensifies focus on blockchain despite cryptocurrency stance

China's Ministry of Industry and Information Technology aims to improve its blockchain technology standards by 2025, calling for public opinion on the draft guidelines. Blockchain is listed as a target industry for growth in the country's 5-year plan.

Coinbase Crypto Exchange to Support CBDCs in the Future as Long as They Meet Listing Standards

Coinbase Crypto Exchange to Support CBDCs in the Future as Long as They Meet Listing Standards

Brian Armstrong, Coinbase's CEO, has stated that the crypto exchange was open to the idea of supporting central bank digital currencies (CBDCs) on its network in the future.

OECD Will Launch International Crypto Tax Standards in 2021 says Tax Director

OECD Will Launch International Crypto Tax Standards in 2021 says Tax Director

The director of the OECD’s Centre for Tax Policy and Administration has revealed that the OECD will release an international tax reporting standard for crypto assets in 2021.

China’s Central Bank Takes A Step Forward to Regulate Blockchain

China’s Central Bank Takes A Step Forward to Regulate Blockchain

China’s central bank, the People’s Bank of China is set to create industry standards across the financial technologies sector, including blockchain.

Estee Lauder Uses Blockchain Technology to Further Beauty Solutions

Estee Lauder Uses Blockchain Technology to Further Beauty Solutions

Estée Lauder Companies (ELC) has established a blockchain platform to meet sourcing standards for its Madagascan vanilla.

US-China Tech War and Data Concerns Could Create the Splinternet

US-China Tech War and Data Concerns Could Create the Splinternet

Political tensions between the United States and China have been rising with some experts predicting the divide on data standards has grown large, it could split the internet.

Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

The People’s Bank of China (PBoC) has published a set of evaluation rules for blockchain-based finance applications. The published rules aim to provide regulatory oversight using three basic standards bordering on technical, performance, and security.

Bittrex Leverages Chainalysis KYT Tool to Enhance Security and Regulation Compliance

Bittrex Leverages Chainalysis KYT Tool to Enhance Security and Regulation Compliance

Cryptocurrency exchange Bittrex will use Chainalysis Know Your Transaction (KYT) to meet new and existing regulatory and compliance standards, and establish a safer, more secure platform for their users.

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