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Crypto news in brief (October 9, 2018): Forbes, Civil, Switzerland, Crypto Finance AG, UAE, IBM Food Trust, Carrefour

October 9, 2018 By Crypto Reporter

– Forbes will publish its content on a decentralized network
– The Swiss Financial Market Supervisory Authority has issued the country’s first cryptocurrency asset management licence
– The United Arab Emirates will permit ICOs as a fundraising method for domestic companies
– IBM has launched blockchain-based food supply chain network

International business media outlet Forbes has partnered with blockchain-based platform Civil to publish its content on a decentralized network. The partnership will allow Forbes to experiment with and better understand how publishing content on the blockchain can increase trust with audiences.

***

The Swiss Financial Market Supervisory Authority (FINMA) has issued the country’s first cryptocurrency asset management licence, allowing Crypto Fund, a subsidiary of Zug-based Crypto Finance AG, to offer cryptocurrency investment services to institutional clients.

***

The United Arab Emirates has announced plans to introduce new rules that would permit initial coin offerings (ICOs) as a fundraising method for domestic companies.

Intended for introduction in 2019, the new rules would allow firms to raise capital via crypto token sales as an alternative to traditional methods such as IPOs.

***

IBM has launched blockchain-based food supply chain network, IBM Food Trust. European supermarket giant Carrefour has already joined the network.

“The blockchain-based cloud network offers participating retailers, suppliers, growers and food industry providers with data from across the food ecosystem to enable greater traceability, transparency and efficiency,” the official announcement says.

More news:

  • Croatia's top food retailer Konzum now accepts cryptocurrencies
    Croatia's top food retailer Konzum now accepts cryptocurrencies
    December 2, 2021
  • UAE is set to welcome crypto licensing 
    UAE is set to welcome crypto licensing 
    February 26, 2022
  • IMF: Complete ban of crypto maybe ineffective 
    IMF: Complete ban of crypto maybe ineffective 
    June 30, 2023
  • India to tax crypto and NFTs profits at 30%
    India to tax crypto and NFTs profits at 30%
    February 2, 2022
  • Uber to consider accepting crypto as payments 
    Uber to consider accepting crypto as payments 
    February 20, 2022
  • Gucci ready to welcome crypto payments 
    Gucci ready to welcome crypto payments 
    May 10, 2022

Filed Under: General News, News Tagged With: Carrefour, Civil, Crypto Finance AG, cryptocurrency, Forbes, IBM, IBM Food Trust, news, news in brief, regulations, Switzerland, UAE

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