French government allows trading unlisted securities on blockchain

France has passed new rules allowing banks and fintech firms to establish blockchain platforms for unlisted securities trading
11 December 2017   591

Earlier this year French government has established blockchain working group to research possible blockchain implementations and to assess its benefits and applications for the public sector.

Now France adopts a new set of rules, regarding blockchain usage in financial sector to allow various financial agents, including banks and fintech groups, to establish blockchain-driven platforms for trading unlisted securities. This allows trade without reliance on middlemen, such as brokers ans custodian banks, and, in theory, all exchange will happen at near-instant speeds.

Use of blockchain technology will allow various financial agents to develop new ways of trading securities that are faster, cheaper, more reliable and more open, said Finance Minister Bruno Le Maire.

Le Maire added on this topic, that such a move would be another asset for Paris' attractiveness as a financial center. This is beneficial to French effort to displace London as a current fintech powerhouse.

Eager to make Paris more attractive to business after Brexit, French government has already passed a set of laws to facilitate economical development of the city. Now, the introduction of blockchain will set a precedent to usage of shared digital ledgers.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.