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FSA and JVCEA, UN blockchain project, Mizuho payment system

12/28/2018
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  • Mizuho_cryptocurrency
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БThe Japanese FSA told what it expects from the JVCEA, the UN project on telemedicine through the blockchain. The blockchain-based payment system from Mizuho starts in March.

FSA talked about expectations from JVCEA

In the autumn of 2018, the Japanese regulator FSA transferred the authority to regulate trading in digital assets of the cryptocurrency exchanges association - JVCEA. Now the ministry has told about its vision of further developments. The FSA said it recognizes the cryptocurrency industry as dynamic, and therefore transfers authority to those who are best versed in this direction.

It is expected that the self-regulatory organization will develop a set of regulatory rules to protect the interests of investors. And will monitor their implementation. First of all, it concerns the procedure for managing wallets. Now JVCEA consists of 16 trading platforms. However, this number can be expanded, the organization has the right to admit new companies. Subject to their compliance with the laws of the country.

FSA talked about expectations from JVCEA

UN, blockchain and telemedicine

The United Nations has announced a partnership with doc.com to increase access to healthcare. Services are provided through telemedicine, which will enable East African residents to receive high quality services.

The platform is already working with 130,000 customers, and is now operating in the United States. Its plans include entering the UK and Asia markets. And thanks to the UN program, it can expand its presence. The platform works on the basis of the blockchain. Its clients pay for consultations with MTC tokens, which receive for providing personal data. The system allows low-income segments of the population to receive virtually free service.

UN, blockchain and telemedicine

Mizuho and cryptocurrency

From the spring of 2018, the Japanese financial corporation Mizuho Financial Group will use cryptocurrencies to make transfers. A consortium of 60 regional banks has already been assembled here. They will conduct non-cash payments for their customers.

For the new service, the name has not even been invented yet. However, it is already known that at the heart of the financial service is a stableblock, tied to the yen rate. Moreover, the transfer of funds to the wallet will be free. And the commission that retail chains will pay for maintenance will be an order of magnitude lower than current rates. It is expected that transfers will be conducted using QR codes via smartphones.

Mizuho and cryptocurrency

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