Digital Asset’s Smart Contract Language Now Works on Hyperledger Blockchains

Enterprise blockchain firm Digital Asset is integrating its smart contract modeling language into the Hyperledger Sawtooth framework. Announced Tuesday, this is the first melding of code between a project under the umbrella of the 200-member Hyperledger consortium and DA’s Digital Asset Modelling Language (DAML), opening up the latter to a wider range of industries and prospective enterprise customers.  The news also marks the third DA partnership since DAML became open source earlier this month. Last week, DA announced the language would be integrated into the blockchain platform of Dell Computer-controlled software giant…

Digital Asset Scores Partnership With Cloud Computing Giant VMware

Enterprise-focused distributed ledger tech startup Digital Asset (DA) has landed another high-profile partner. Announced Thursday, software virtualization giant VMware is integrating DA’s smart contract language into its own blockchain platform. Further, VMware, a publicly traded company majority-owned by Dell Computer with more than 24,000 employees, will distribute the Digital Asset Modeling Language (DAML) with its VMware Blockchain platform directly to customers and through partners. “DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale,” said Michael DiPetrillo, senior director of…

New US ‘Digital Taxonomy’ Bill to Allocate $25 Million Annually to Prevent Crypto Crime

The so-called Digital Taxonomy Act of 2019, which United States legislators introduced yesterday, April 9, offers to allocate the Federal Trade Commission (FTC) $25 million annually to prevent crypto-related crime. The document was introduced to the U.S. House of Representatives by Rep. Darren Soto (D), who is known for his pro-crypto stance. The act is dedicated to the FTC’s role in preventing “unfair or deceptive acts or practices in transactions relating to digital tokens.” It also requires a report to congress on the FTC’s actions related to digital tokens. According…

Ripple (XRP) Partner Secures a Digital Remittance License, Price Bounce off 34 Cents

Ripple (XRP) prices back to green, stable above 34 cents MoneyMatch, a Ripple partner, based in Malaysia now has a remittance license Malaysia’s MoneyMatch is about to graduate from the country’s regulator sandbox and now have a digital remittance license. As a Ripple partner, this is bullish. Building and partnership will eventually form the base and jolting Ripple (XRP) from current stagnation to above 40 cents. Ripple Price Analysis Fundamentals Ripple Inc has acres of space to cover before it effectively competes with SWIFT. And that is not to say…

BitGo Provides Custody and Wallets to Digital Asset Trading Platform LGO Markets

Blockchain security firm and wallet service BitGo has provided a newly launched digital asset trading platform, LGO Markets, with its custody and multi-signature wallets, according to a press release published Tuesday, April 9. LGO Markets, which is focused on institutional investors, will offer BitGo services for hedge funds, family offices and asset managers that are working with BitGo. Moreover, the clients of LGO Markets will be able to store their digital assets in BitGo Trust Company, regulated by the Division of Banking in the United States state of South Dakota.…

Puerto Rico Approves Combination Bank for Fiat and Digital Assets

The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).” The combination of both fiat and digital asset services may be an advantageous offering for SJMBT customers. “Deposits of fiat currency are held by…

Pakistan’s Central Bank Aims to Issue Its Own Digital Currency by 2025

Jameel Ahmad, the deputy governor of the State Bank of Pakistan (SBP), the nation’s central bank, declared that the institution aims to issue a digital currency by 2025, Pakistani YouTube news channel Public News reported on April 1. English-language local media Dawn also reported today that Asad Umar, Pakistan’s finance minister, prompted the official’s statement during a ceremony celebrating the launch of Electronic Money Institutions (EMIs) on Monday, April 1. According to Dawn, the minister asked the federal investigation agency and the central bank to ensure that the new system…

Pakistan Central Bank Eyes Digital Currency Launch by 2025

The State Bank of Pakistan (SBP), the country’s central bank, is considering the launch of a digital currency by 2025. According to a report from news source Dawn on Tuesday, SBP deputy governor Jameel Ahmad said that the central bank is currently working on the digital currency concept in order to “promote financial inclusion and reduce inefficiency and corruption.” The central bank is also reportedly planning to make its services “fully digitized and technology equipped” by the year 2030. In light of the proposed digitization efforts, Pakistan’s finance minister Asad Umar…

Pakistan Plans New Digital Currency Regulations Following FAFTA’s Urging

Pakistan is implementing new cryptocurrency regulations in an effort to improve its track record fighting financial crime, English-language Pakistani news outlet The Express Tribune reported on April 1. Pakistan, which is seeking to reduce perceived levels of crime such as money laundering and terrorist financing, will now introduce a licensing scheme for electronic money institutions. According to Pakistani news outlet Dunya News, cryptocurrency trading has been banned in the country since April last year. “These regulations will help combating money laundering and terrorism financing while it will also help regulation…

PayPal Invests in Digital Identity-Focused Blockchain Startup in Apparent First

In an apparent first, global online payments firm PayPal has made an investment in a blockchain startup — one that focuses on leveraging the technology to give users more control over their digital identities. The news was reported by Forbes on April 2. The investment comes as part of an extension to a Series A funding round in the startup — called Cambridge Blockchain — that first raised a total of $7 million in May 2018. While neither PayPal nor Cambridge Blockchain have disclosed the size of the payments giant’s…