EU & UN to help refugees via Ethereum

The European Union and the United Nations to use the Ethereum blockchain to provide help to refugees
04 September 2017   1232

The Ethereum blockchain has been of a great use recently, but now this is not only hundreds ICOs. 

Vitalik Buterin, Ethereum founder, shares the news on his social media:

According to the article, now the European Union is joining the United Nations in using the Ethereum blockchain in order to provide transparent help to refugees.

Many refugees, and people in refugee-like situations, are unable to prove their identity or access essential services.
 

"Horizontal Task Force on Distributed Ledger Technology" 

Thus, the blockchain powered by Ethereum is able to solve this problem and ease the integration process by providing new, more efficient ways of identifying undocumented persons arriving in the EU.

EU governments in partnerships with other countries and organizations (e.g. NGOs) need innovative solutions to manage increasing flows of migrants and their temporary stay in different countries.
 

The European Parliament 

It's also noteworthy that Ethereum is progressing with state-sponsored integrations: Vitalik Buterin has been to Russia, signing a deal with government-owned bank VEB and also visiting plenty of conferences and meetings.

Ethereum charts on coinmarketcap.com Ethereum charts on coinmarketcap.com

At the time of writing, Ethereum price is about $286.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   46

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.
 

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.