R3 to Open Blockchain Lawyers Training Centre

The Legal Center of Excellence will unite ten major law firms to help lawyers from all over the world study blockchain technology 
20 February 2018   1094

The blockchain consortium R3, consisting of more than 200 financial institutions, announced the creation of the Legal Center of Excellence (LCoE). The new platform will bring together ten major law firms to help lawyers from around the world examine the features of distributed registry technology and the ecosystem around it, CoinDesk reports.

The new organization will include companies such as

  • Crowell & Moring LLP,
  • Baker McKenzie,
  • Perkins Coie,
  • Ashurst,
  • Clifford Chance,
  • Fasken,
  • Holland & Knight,
  • Shearman,
  • Sterling and Stroock.

Program participants will work on new projects and periodically publish the results of their activities.

These are some of the last pieces that we need to ensure that folks, including our membership, get comfortable with using the technology. The idea is to help these folks actually get a practical understanding of what's going on in the blockchain space, what are the projects that we're working on and what are the benefits we're seeing.

Jason Rozovsky

Senior Counsel, R3

R3 has not yet disclosed the fee for the services of the center, but one of the main requirements is that the legal firms-candidates should work in at least one adjacent jurisdiction with the acting members of the consortium.

Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   93

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.