Vermont Turns to Home-Grown Blockchain Company to Track Hemp With Ethereum – CoinDesk

Vermont regulators will track hemp production on the ethereum mainnet in partnership with cannabis supply chain blockchain startup Trace.  The five-year deal, announced Monday by Vermont’s Agency of Agriculture, Food and Markets (VAAFM), is a production-ready solution for every level of the hemp trade, said Trace CEO Josh Decatur. Beginning in March, farmers and processors […]

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Top US Financial Regulators Urge Monitoring of Digital Assets, Stablecoins – CoinDesk

A panel of top U.S. financial regulators including Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell urged federal and state officials to monitor risks from digital assets like bitcoin. The recommendation came in an annual report published Wednesday by the Financial Stability Oversight Council, set up after 2008 to help identify emerging risks […]

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‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators – CoinDesk

The Takeaway Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state. Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has been unable to verify the existence of the mine the company says produced the gold. […]

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Regulators Plan ‘Global Sandbox’ for Fintech Including Blockchain – CoinDesk

A number of financial regulators from across the globe are forming a new alliance to facilitate the growth of financial technologies such as blockchain and distributed ledger technology (DLT). The U.K.’s Financial Conduct Authority (FCA) announced the Global Financial Innovation Network (GFIN) initiative on Tuesday, alongside 11 other member regulators from jurisdictions such as Hong Kong, […]

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