GFIN Plans to Create a “Global Sandbox” Blockchain and FinTech “Cross-Border Solutions”

2018-8-9 05:35

Global Financial Innovation Network (GFIN) Plans To Create a “Global Sandbox” For “Cross-Border Solutions”

Blockchain technology and distributed ledger technology have been earning more interest from multiple industries around the world. To improve the growth of these technologies, regulators from Hong Kong, the United States, Australia, and other countries have developed an alliance. This alliance is being called the Global Financial Innovation Network (GFIN), which was originally announced by the U.K.’s Financial Conduct Authority (FCA). At the time, the FCA also announced the creation of a consultation paper, which was released on October 14th.

The goal of the GFIN is to establish a diverse group of regulators that plans to hold meetings regarding the current polices that impact financial technologies around the world. In a statement, they specifically stated their goal to create and launch a “global sandbox.” This service provides other institutions and firms with “an environment in which to trial cross-border solutions.

There are few details about the plan at the moment, so the public will need to wait for more to come. However, this alliance is following the FCA’s plan that they announced back in February, which was the concept of an international sandbox. So far, the main theme of the comments that the FCA has received has been regarding the global effort to make distributed ledger technology (DLT) a part of their cross-border payments. Another project seems to be the regulation of initial coin offerings, which may be difficult because they already span across other countries. However, this may be a good reason for regulation in the long run.

Multiple members of the Global Financial Innovation have already started their work on building the necessary framework for cross-border payments, specifically developed with DLT. Some of those members include the authorities in Singapore, Hong Kong, and Abu Dhabi.

Last month, eleven different blockchain-crypto startups were granted approval by the FCA for the sandbox program. So far, there have been 29 firms accepted, and that have permission to try out their products, given that they abide by the regulations that have been established.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Currency Reserve (GCR) íà Currencies.ru

$ 0.0005018 (+0.16%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 4.80 %, 7d: 64.03 %
Cåãîäíÿ L: $0.0005018 - H: $0.0005018
Êàïèòàëèçàöèÿ $53.699k Rank 1984
Öåíà â ÷àñ íîâîñòè $ 0.0769645 (-99.35%)

global technology alliance gfin solutions sandbox blockchain

Èñòî÷íèê: bitcoinexchangeguide.com

global technology → Ðåçóëüòàòîâ: 126


An online hackathon to tackle global pandemic related challenges with blockchain technology! 

A global leader in the technology and blockchain industry, Maxonrow is thrilled to be hosting the first-ever MAXathon. This digital hackathon will challenge participants to reimagine the use and appliThe post An online hackathon to tackle global pandemic related challenges with blockchain technology!  appeared first on AMBCrypto.

2020-8-25 13:00


Accenture Files Hardware Blockchain Acceleration Patent to Improve Speed and Security

Global management consulting and professional services provider, Accenture filed for a patent dubbed, “Hardware Blockchain Acceleration”, which was supposedly done on August 2, 2018. The reason for seeking this patent is believed to revolve around blockchain technology’s current issues consisting of security and scalability.

2018-8-8 00:39


Ôîòî:

Blockchain Research In The UK Is Big Industry

Blockchain research in the UK is a growing industry, with a new sort of workforce dedicated to researching and investigating this new technology. Whilst the blockchain remains one universal concept, it is now apparent that it boasts many advantages for many companies and industries, therefore it seems that research within the United Kingdom is now at an all time high, a sentiment that is no doubt reflected internationally too.

2018-8-7 16:00


Thrill Platform ICO

Thrill Platform always had a vision for the global use of cryptocurrencies and blockchain technology because of fast transactions, ease of use and availability. We decided to take a next step into the future with our platform containing not only public transit payment system, but uniquely connected social media platform, as well.

2018-8-6 21:44


PR: BodyOne Blockchain Ecological Network Energizes the Fitness Industry

No one can defeat me as I am the one in full of oriental power”. - the classic and domineering lines in The Legend of the Swordsman - reappeared in Beijing City - the east of the world. Bin Li, who is known as a godfather of fitness club in China, InterValue, which is a leading block chain technology company with the world’s first practical Blockchain 4.

2018-8-4 12:30


Republia ICO

Republia is a large-scale decentralized ecosystem, that includes elements of the countries that are familiar to us in the digital space and operates mechanisms based on blockchain technology. The coordination structure of Republia is analogous to “we-government” model that is aimed at direct management of the ecosystem, without involving the relevant regulatory institutions.

2018-8-3 14:17


Ôîòî:

The new Head of the Global Institutional Markets welcomes Jamie Selway

We’re excited to welcome the latest addition to our institutional team, Jamie Selway as our Global Head of Institutional Markets. Jamie is a widely respected expert on electronic trading and market structure and the former Head of Electronic Brokerage and Head of Execution Services at the global agency broker-dealer and trading technology firm Investment Technology

2018-8-1 20:36


Ôîòî:

Commonwealth Bank Boasting Blockchain-Enabled Global Trade Platform

In-house blockchain technology solutions continued to permeate supply chains as Australia’s Commonwealth Banks has successfully conducted a high-profile shipping experiment. ‘Agile, Efficient and Transparent’ Australia’s Commonwealth Bank has successfully shipped and tracked seventeen tonnes of almonds in a blockchain-based collaboration with five domestic and international supply chain leaders.

2018-8-1 01:00


India’s International Blockchain Congress to Start “Global Blockchain Protocol Consortium”

A recent reporting by The New Indian Express, revealed that a Global Blockchain Protocol Consortium will be launched by Friday, August 3rd, 2018. The said consortium will consist of different countries coming together to assess the way in which blockchain technology can be elevated for optimal use. The initial launch will be conducted during India’s […]

2018-7-31 10:57


Commonwealth Bank of Australia (CBA) Pilots Blockchain Trade Shipment Across Borders

Commonwealth Bank of Australia Claims Success In Its Global Trade Blockchain Trial Banks around the world are starting to use the blockchain technology to make cross-border transfers. Now it was the time of the Commonwealth Bank of Australia (CBA) to use cross-border shipments with the blockchain technology to track the goods that were being carried […]

2018-7-31 09:36


Ôîòî:

An Australian Blockchain Experiment: Tracking Global Almond Shipments

Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.

2018-7-31 23:13


Commonwealth Bank Of Australia Records Amazing Blockchain Success

A new global trade experiment with blockchain technology has been marked successful by the Commonwealth Bank of Australia, according to a press release on Monday. In a bid to enhance multiple aspects of the supply chain process, the bank combined cutting-edge solutions such as distributed ledger technology(DLT), Internet of Things (IoT), and smart contracts into […] The post Commonwealth Bank Of Australia Records Amazing Blockchain Success appeared first on ZyCrypto.

2018-7-31 20:10


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Solana beats Ethereum in key areas: Are investors turning away from ETH?

Solana outperformed Ethereum in terms of fees paid out to validators. Usage on the Ethereum network declined, as the price of ETH fell. The popularity of the Solana [SOL] network has helped The post Solana beats Ethereum in key areas: Are investors turning away from ETH? appeared first on AMBCrypto.

Notcoin, its anticipated airdrop impact on Toncoin: 27% rise in 7 days

Several popular platforms and exchanges have announced the listing of NOT. Meanwhile, Toncoin’s price surged by 27% in the last seven days. Notcoin, a Telegram-based game, has recently emeThe post Notcoin, its anticipated airdrop impact on Toncoin: 27% rise in 7 days appeared first on AMBCrypto.

Arbitrum crosses ATH in this area, but why is ARB's price not responding?

Arbitrum saw a daily active address number of over 400,000. This was the first time in history that it saw such a number. Arbitrum [ARB] has recently achieved a new milestone in one of its cThe post Arbitrum crosses ATH in this area, but why is ARB's price not responding? appeared first on AMBCrypto.

Render price prediction: RNDR jumps 40%, is $15 next for this AI crypto?

RNDR leads with the most price growth in the last week. If bullish momentum continues, the token will trade above $11. The price of AI-based token Render [RNDR] has surged by over 40% in theThe post Render price prediction: RNDR jumps 40%, is $15 next for this AI crypto? appeared first on AMBCrypto.