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Back to Square One
The term blockchain refers to one of the distributed ledger technology – DLT – hypotheses. However, it´s not unusual to use the term “blockchain” to each and every DLT, even if it doesn’t involve blocks (“block”) or its enchainment (“chain”). In this edition, we indicate the article “Entenda a Diferença entre: Blockchain vs Hashgraph vs Dag vs Holochain”, written by Lucas Lamounier, which compares different DLT solutions with the concept of blockchain.

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Block News
Blockchain is inserted as a subject on the program content of the next Brazilian Entrance Test to Diplomat Career – The Public Notice number 1, of July 5th, 2019, of Brazilian Entrance Test to Diplomat Career brought in its program content the subtheme “Cryptoassets, blockchain and the impacts on global economy”. The subtheme will be applied, by Rio Branco Institute, on the first and second phase of the entrance test within the “International Politics” section. Twenty (20) new posts will be offered and the initial salary will be BRL 19,199.06. Those willing to participate may do that between July 17th and August 12th, 2019, on the Instituto Americano de Desenvolvimento website. (INSTITUTO AMERICANO DE DESENVOLVIMENTO, 07.08.2019; COINTELEGRAPH, 07.08.2019)

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First initial cryptoasset offer is qualified by Securities and Exchange Commission (“SEC”) – According to an announcement on Blockstacks’s blog – whose activity is to provide the “new decentralized internet” –, SEC qualified the Blockstack PBC’s initial token offering, in the terms of Regulation A+, being the first in the history of the United States to be validated by the institution. With that certification, any American citizen may take part in the offer. According to Blockstack, that mark will allow the platform’s democratization and will allow other cryptoassets projects to use the same regulation. (BLOCKSTACK; 07.10.2019)

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State of Bahia (in the Northeast of Brazil) launches a public bidding app using blockchain technology – SOL: Soluções Online de Licitação is the new biddings’ app, launched by Development and Regional Action Company in partnership with Rural Development Department. According to Bahia State Social Communication Department, the app aims to facilitate and speed up organizations and familiar agriculture cooperatives access to suppliers and enable the transparency in their acquisitions. The system was developed by Caiena Tecnologia e Design and uses the Hyperledger platform to record information related to purchases, public notices, minutes and contracts. (CRIPTOFACIL, 07.10.2019; GOVERNO DO ESTADO DA BAHIA, 07.08.2019)

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US Congress takes action and request Facebook to suspend Libra’s and Calibra’s creation – As reported in our last newsletters, Facebook announced its new cryptoasset “Libra” and the platform Calibra. Right after the initiative’s disclosure, the US Congress requested Facebook to suspend the Libra’s and Calibra’s creation. According to the US House Committee on Financial Services, the Congress wishes to “examine the risks involving cybernetics’ security, global financial markets and matters related to national security”, due to the last scandals involving security and privacy of Facebook in the last few years. (TECMUNDO; 07.03.2019)

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HSBC Bank reduces transaction time in 40% with the use of blockchain technology – According to Chartered Institute of Procurement & Supply’s announcement, HSBC tested the Voltron, its new commercial financial platform based on blockchain, and reduced in 40% the international transaction time. HSBC has made a partnership with Landmark Group and connected Voltron to the ReChainMe platform, which resulted in a reduction in the transaction time between Hong Kong and Dubai in 12 days. (COINTELEGRAPH; 07.10.2019)

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Brazilian Federal Revenue (RFB) amends cryptoassets Normative Ruling requirements – On 07.11.19, the RFB published the Normative Ruling (NR) no. 1.899/19, which amended provisions of the IN RFB nº 1.888/19 (cryptoassets IN). Among the main changes, it is the provision that the exchanges will no longer be obliged to inform, in advance, the wallets’ addresses of the transaction on their platforms, which shall be provided only in case of a summon in a formal fiscal procedure. To check the comparative we made of the IN 1.888/19 before and after the amendments, click here. (RECEITA FEDERAL DO BRASIL, 07.10.2019)

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Minasul plans to release a cryptoasset to back coffee’s supply – Jose Marcos Magalhães, CEO of Minasul, Cooperativa dos Cafeicultores da Zona de Varginha, announced that they will issue a cryptoasset directed to Brazilian coffee producers. The cryptoasset will enable the purchase of fertilizers, machines and other services. The goal is to reduce costs to producers and guarantee real and transparent information about the market negotiations. (BLOOMBERG,07.10.2019)

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Brazilian Senate’s Bill intents to regulate exchanges – On 07.09.2019, senator Flávio Arns of the Rede Party presented the Bill number 3.825, of 2019, which aims to discipline “the services regarding operations made with cryptoassets on digital negotiation platforms”. The Bill determines that Brazilian Central Bank (“Bacen”) will foster the cryptoasset market self-regulation and that the market must follow some parameters already established to similar businesses, including the exchanges’ register on Bacen. The Bill points out that cryptoassets will be expressly considered a security and their public offer will be submitted to the Brazilian Securities Exchange Commission supervision. Since 07.11.2019, the Bill is on The Constitution, Justice and Citizenship Commission and doesn’t have a designated reporting senator yet. (SENADO FEDERAL; 07.09.2019)

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Blockchain Desk Recommends
In our last newsletters, we published various news and opinions about the cryptoasset Libra, iniative led by Facebook. In this edition, we recommend the Bit by Bit podcast’s episode number 13, from the Instituto de Tecnologia e Sociedade, which explores some aspects of the new cryptoasset.

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Blockchain Desk.