Crypto-News
Exrates.Retail giant Walmart Inc has patented a blockchain payment system for vendors and customers. The system will automatically process payments for products and services, and encrypt the transactions on a blockchain. Rival online retailer Amazon has also patented Bitcoin for use with tracking. The firm is hoping to track data streams, combine the information and then sell the data, taking the anonymity out of Bitcoin.
Taiwan's Minister of Justice, Qiu Taisan, has called for cryptocurrency regulations to be in place by November in the interest of preventing money laundering.
In Iran, the central bank has banned banks from dealing in cryptocurrencies. The Central Bank of Iran had already declared that trading Bitcoin on exchange platforms was illegal.
The city government of Shenzhen, China, is backing a dedicated blockchain investment fund, soon after Hangzhou city supported a similar effort. The fund aims to invest 500 million yuan ($80 million) in blockchain startups in Shenzhen during its first phase.
The National Bank of Dubai was the first bank in the region to implement blockchain technology in check-issuance to prevent fraud. NBD is one of the largest banks in the Middle East by assets volume.