Seized Crypto Agent Posititon May be Created in US

As reported, U.S. Marshals Service is looking to set up an agent for managing confiscated cryptocurrency
12 March 2019   166

The US Marshals Service (USMS) is considering the feasibility of establishing the position of an agent who will be entrusted with managing confiscated bitcoins and other cryptocurrency. Cointelegraph reported this with reference to public documents published recently.

The documents are part of the Request for Information on the procedural rules for the management and sale of seized cryptocurrency assets.

A key element of the US Department of Justice’s asset confiscation program, of which the USMS is a member, is the position of an agent or contractor who will deal with the management and sale of cryptocurrencies seized or seized. As the agency hopes, this will allow it to improve existing practices for storing such assets.

Thus, in the first document, USMS describes the full range of services for the management and sale of seized cryptocurrency, including general procedures and the responsibility of the contractor. In particular, it will have to ensure the accuracy and security of transactions, including direct exchange of cryptocurrency for US dollars, exchange for more liquid cryptocurrency and return of assets to the owner.

The contract also describes other tasks of the contractor: financial statements, work with clients, supervisory audit, management of blockchain forks, creation of wallets, etc.

In the second quality assurance monitoring document, USMS introduces a contractor performance evaluation system.

As the department notes, the documents are published solely for information and planning purposes and are not a request for tender proposals or a promise to make such a request in the future.

BMW, Intel to Join Forces With Singapore DLT Accelerator

Tribe Accelerator was launched in December 2018 and is supported by Singapore authorities
25 March 2019   48

A Singapore-sponsored blockchain accelerator Tribe has partnered with BMW Group Asia, Intel and Nielsen. It is reported by CoinDesk.

In the framework of cooperation, companies will share their experience with startups developing solutions in the field of DLT technologies.

Thus, the BMW Group Asia will hold a series of master classes on the use of the blockchain under conditions of widespread demand. Intel Corporation will advise start-ups in business and technology development, and Nielsen will provide a sandbox for testing new solutions.

The Tribe Accelerator was launched in December 2018 in collaboration with the South Korean ICON Foundation and the Singapore venture capital firm PwC. Among the projects implemented by the company is the blockchain solutions implementation in cooperation with ConsenSys.

In early March, the Argentine government announced plans to invest in blockchain startups in the early stages of development, which received support from the venture capital unit of Binance.