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Back to Square One
The difference between utility and security tokens has been the subjectof debateby enthusiasts about the study of Blockchain and cryptoassets. For a better understanding of the discusion, we recommend the article “Security Tokens vs. Utility Tokens — How different are they?”, which explains, in a simple and clear way, the main differences between both types of tokens.
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News released about the Facebook’s project involving Blockchain – In previous editions of our newsletter (02.12.2019 and 03.27.2019), we informed that Facebook was hiring blockchain specialists to, as all indicated, the development of a cryptoassets to WhatsApp users (as noticed in the newsletter of 03.12.2019). Recently, it was announced that the platform wants to launch, at the beginning of 2020, the cryptoasset GlobalCoin, was announced that the platform wants to launch, at the beginning of 2020, the cryptoasset GlobalCoin
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Agencies points toregulate exchanges and cryptoassets – At the end of May, the Financial Action Task Force (FAFT) indicated, atthe Private Sector Consultative Forum, that it is finalizing the parameters which exchanges will have to adopt. The recommendations of FAFT aren’t biding, but the countries that do not obey them are likely to suffer restrictions in the global economy. (COINDESK; 05.20.2019)
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Telegram starts the tests of Telegram Open Network (TON) blockchain – At the end of last month, Telegram published files and instruction manualsso its users could test their blockchain net, the TON. According to the company, TON allows itsusers to create smart contracts, and its token works asa payment token. One of the company’s goals is to bring together the technology and the general public. (LEDGER INSIGHTS; 29.05.2019)
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Salesforce wants to popularize the use of the Blockchain technology – At the conference TrailheadX, the Salesforce announced and demonstrated the Salesforce Blockchain, a solution that use the technology to create “networks of trust”. The solution aims to uncomplicate the use oftechnology by the general public. The idea is that the clients could develop networks in blockchain without any complex programming. In the conference, the company announced that it already has clients using the product, as the Arizona State University – to verify information such as records and grades – and the S&P Global Ratings – to reduce time spent with revisions and approval of new bank accounts(ÉPOCA NEGÓCIOS; 05.29.2019).
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EDP Brazil and Accenture start a partnership to develop new solutions to the electric sector with the use of blockchain – With the creation of the Smart Energy Lab, EDP Brazil and Accenture started a partnership to innovate in the Brazilian electric sector. One of the goals of the partnership is the use of blockchain technology to upgrade the solar energy sector efficiency. Recife, a important city in the northeast of Brazil,will be the base of the initiative, but other tests will occur in the Accenture’s headquarterin São Paulo. (28.05.2019, CRIPTOFACIL)
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Blockchain Desk Indica
In May, the Financial Crimes Enforcement Network (FinCEN), department of the North-American government responsible for combating money laundering and terrorist financing, published the FinCEN Guidance FIN – 2019- G001, a guide to applythe Bank Secrecy Act (BSA) to companies that transact with convertible virtual currencies, including cryptoassets. In this edition, we recommend its careful reading.
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