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SWIFT is updated, DHS and blockchain, SEC postpones the decision

12/07/2018
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SWIFT launches a new settlement system, DHS funds the creation of applications on the blockchain. The SEC Commission postponed the decision making on Bitcoin ETF.

SWIFT introduces a new settlement system

More than 15 banks have already switched to SWIFT. The company is considered one of the leaders in the implementation of interbank payments, but the former scheme did not fully meet the requirements of customers. Up to 10% of transactions were delayed due to technical errors.

Since the new system is built on the blockchain technology, such situations will be excluded in the future. According to some experts, the haste of SWIFT is connected with the increased activity of its direct competitor. Recently, RippleNet has intensified activities in the space of interbank settlements.

SWIFT introduces a new settlement system

Blockchain protects against counterfeit

DHS, the United States Department of Homeland Security, announced a grant of $ 800,000. These funds will be spent on creating a system to protect the rights and freedoms of citizens. And all of them should be built on blockchain technologies.

The ministry is ready to engage start-ups to develop blockchain applications. In this case, DHS is interested in solutions to combat illegal document fraud, counterfeit goods. In addition, applications will be considered that can simplify the control of legal and illegal migration, issuing certificates and permits.

Reason why blochain so popular now

Blockchain protects against counterfeit

SEC postponed Bitcoin ETF approval

The US Securities and Exchange Commission (SEC) decided to postpone the decision on the launch of Bitcoin ETF to a later date. Now consideration of this question is postponed for the last days of February, 2019. Moreover, the department will no longer be able to postpone the deadline, since it has already done it twice.

The consequence of this decision was the fall in the cryptocurrency rate. A pair of BTC / USD dropped to the mark of 3300. VanEck financial corporation planned in January 2019 to offer its customers trade in a new instrument. However, the SEC decision forces her to drastically change her plans. At the same time, VanEck is confident that the Commission will not be able to refuse to approve the application. Its preparation was carried out in close cooperation with the SEC, and all the requirements of the regulator were 100% taken into account.

SEC postponed Bitcoin ETF approval

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