【3.5 Dcoin Daily News】 Japan’s 4 Banks Jointly Operate A Blockchain-Based Platform

source: https://medium.com/dcoin-exchange

[1]Japan’s 4 Banks Jointly Operate A Blockchain-Based Platform

According to Crypto Watch, the financial service platform jointly built by Iwate Bank, Aomori Bank, Akita Bank, and Yamanashi Central Bank began operation on March 1, and the platform adopts blockchain technology. Through the platform’s initial service, namely the electronic delivery service, users can simultaneously accept and manage the book data of multiple financial institutions or enterprises in one screen.

[2] Indian Official: RBI Couldn’t Protect Users Against Fraudulent Activities

Abraham C. Mathews, an advocate at the Supreme Court of India, wrote an opinion column a few days ago that the Reserve Bank of India (RBI) has no structure to enforce cryptocurrency-related regulations.

Mathews explained that due to the way in which Bitcoin was created, it is not possible for authorities to know who is behind each transaction. That means that the RBI couldn’t protect users against fraudulent activities.

[3] Venezuelan Government Launches Cryptocurrency Remittance Service

The government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of crypto assets and related activities, the country’s main crypto regulator, which has also set a monthly limit and a commission per transaction.

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