Altcoins News

Story: Banks Rush Into Blockchain as Regulators Watch Closely

By James Thorp

1 / 15

JPMorgan just launched something big. The banking giant rolled out a pilot program on January 14 that uses blockchain tech to speed up cross-border payments, and they're pretty…

2 / 15

"This is a step forward in modernizing our payment infrastructure," a JPMorgan spokesperson said.

3 / 15

The SEC keeps a close eye on every blockchain development, making sure innovation doesn't clash with existing financial rules.

4 / 15

Energy consumption remains a huge problem. Bitcoin's massive power usage draws criticism from environmental groups and policymakers alike.

5 / 15

IBM announced a partnership with multiple banks to build a blockchain platform for secure data sharing.

6 / 15

Critics aren't buying the hype. Some financial experts think blockchain benefits get oversold while practical applications stay limited.

7 / 15

The Bank of England dropped news about "Britcoin" on January 14 - their digital currency research project that would run on blockchain.

8 / 15

Mastercard teamed up with ConsenSys on January 15 to develop a blockchain payments system for businesses worldwide.

9 / 15

Dubai's pushing hard to become a blockchain hub. The Dubai International Financial Centre launched a $100 million fund to support blockchain startups, hoping to position the city…

10 / 15

Australia's securities exchange keeps delaying its blockchain overhaul. Originally planned for 2021, the new clearing and settlement system won't launch until late 2026.

11 / 15

South Korea's government backs blockchain through grants and incentives. The Ministry of Science and ICT announced funding for logistics and supply chain blockchain research in…

12 / 15

China's central bank wants blockchain for its digital yuan. The People's Bank of China announced on January 16 that it's exploring blockchain technology to enhance transaction…

13 / 15

Not everyone's convinced though. A Deloitte survey found 39% of executives worry about investing in blockchain due to regulatory uncertainty and integration problems.

14 / 15

The World Food Programme uses blockchain to distribute aid more effectively in conflict zones.

15 / 15

European Parliament members will debate blockchain regulations on January 20. Lawmakers plan to create unified legal frameworks across member states, addressing data privacy,…

The Currency Analytics

Want the full story?