• The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    Asia & Australia,  Libra

    Facebook’s Libra has an uphill battle in Asia

    India in particular will be a vital market, but cryptocurrencies are on the verge of being outlawed

    The headwind Facebook’s Libra cryptocurrency is facing seems to be getting stronger in Asia, as regulators in China, Korea, and India all expressed serious concerns about the stablecoin.

  • Commerce Secretary, Dr. Anup Wadhawan activating coffee e-marketplace in New Delhi (Image supplied by India's Ministry of Commerce).
    Technology

    India launches blockchain marketplace for coffee

    By tracing coffee from beanfields to cups, the goal is to build a stronger brand while doubling the income of poor farmers

    India’s commerce secretary launched a blockchain-based marketplace app for trading Indian coffee during a video conference on Thursday. A pilot project carried out in partnership with the Coffee Board of India and the International Coffee Organization, the marketplace app’s goal is to reduce the number of intermediaries between coffee growers and buyers, build farm-to-cup traceability, and help farmers increase their incomes by as much as 100 percent, said Commerce Secretary Anup Wadhawan during the video conference on March 28.

  • Bitcoin Rupees
    Asia & Australia,  Technology

    Indian banks turn to blockchain to bring credit to underbanked companies

    11 banks create Blockchain Infrastructure Company to make credit cheaper and easier for micro- to medium-sized businesses

    A group of 11 Indian banks have joined together to create a blockchain-based digital ledger system aimed at improving access to credit for micro-, small-, and medium-sized businesses.

  • world map
    Asia & Australia,  Europe,  Regulation

    As the US dithers on regulating cryptocurrencies, other regions move forward

    Support for blockchain technology is stronger both in the US and abroad

    Cryptocurrency and blockchain enthusiasts were excited about the ​announcement​ this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the ​Congressional Blockchain Caucus​. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the ​Harvard Business Review​ by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: ​“Without clear regulations, cryptocurrency innovation in the United States is being stifled.…