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Accenture is stirring up a blockchain storm within the community by patenting a technique for editing information stored using the nascent technology in a move designed to make it more commercially viable. By allowing a central administrator to amend or delete information stored on a blockchain, the consultancy says that its prototype — to be [...]

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Having kept their distance from bitcoin, fearing the risks of fraud and criminality, big banks now see huge potential benefits from harnessing the blockchain to make the existing financial system more efficient. “In today’s banking world, it is all about cost savings, as they are all struggling with low returns and that is why they [...]

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In an Opinion issued yesterday, the EBA welcomed the Commission’s proposal to bring virtual currency exchange platforms and custodian wallet providers within the scope of the 4th Anti-Money Laundering Directive. The Authority also makes several recommendations aimed at supporting the consistent pan-EU implementation and supervision of the proposals that the Commission had published on 5 [...]

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