Mexican Government to Test Blockchain in Public Contracts

According n ational digital strategy coordinator blockchain technology would eliminate the "easily corruptible" human element 
05 April 2018   417

Mexican authorities had been working on the bids tracking project for public contracts with blockchain. This is reported by Coindesk.

Speaking at a tech conference in Jalisco, Mexico's national digital strategy coordinator Yolanda Martinez detailed Blockchain HACKMX, a project she said has been in production since last September. The system was initially developed by a team of university graduates whose design won a contest calling for blockchain solutions that can help improve public services.

Yolanda Martinez, Mexico's national digital strategy coordinator told at a tech conference in Jalisco about Blockchain HACKMX. According to her, project is in the production from Septmber 2017. Initially, the system was developed by a team of university graduates whose design won a contest.

With blockchain applied to public contracts we'll be able to know whether a company that provides services to the government is trustworthy.
 

Yolanda Martinez

National digital strategy coordinator, Mexico

Martinez told attendees that the technology would eliminate the "easily corruptible" human element and introduce transparency to the public tender process. Records of the bidding process will be stored in blockchain with ability to be checked after the fact.

At the momeent, there's no tech info about the project, but Debate's report suggests the project will eventually be rolled out to the public, with the government eyeing it as a solution for state and local governments in particular.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   134

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.