IOTA

The European Parliament’s recent passage of stringent anti-money laundering regulations signifies a significant crackdown on financial crime within the cryptocurrency industry. The legislation introduces tighter oversight on non-custodial wallets, aiming to bolster transparency and combat illicit activities. However, concerns linger regarding the impact on user autonomy and the broader adoption of blockchain technologies. On Wednesday, April 24, the European Parliament passed a new rule in order to combat the violation of anti-money laundering (AML) rules while addressing incidents of terror…

French Senate is set to debate a new law inspired by the Model Law on Electronic Transferable Records that would allow digital trade documents to optimise trade finance. The law could massively boost DLT adoption to underpin digital documentation and provide decentralised identity; IOTA is the leader in this field, with initiatives in Europe, Africa and the Middle East. France has taken the first step in digitalising trade finance. With a new law that could massively boost decentralised ledger technology…

UniMe’s recent update introduces a History feature and enhances credential management, making strides towards eIDAS 2.0 compliance. Integration of IOTA support in the upcoming update highlights a significant move towards interoperable European Identity Wallets. Impierce Technologies has recently upgraded their UniMe – Identity Wallet app, emphasizing the addition of a new History feature and the enhancement of user experience in credential management. Developed by Impierce Technologies with inputs from Digital Zen’s Andrew Brough (renowned for Firefly, Selv, and other IOTA…

The IOTA Foundation is leading key market initiatives, preparing for the launch of IOTA 2.0, and spearheading advancements in the upcoming 6G revolution. Recent developments and partnerships, including the imminent launch of IOTA EVM and the anticipated IOTA 2.0 testnet. The IOTA Foundation continues to lead some of the key market initiatives as it gears toward the much-anticipated launch of IOTA 2.0. IOTA will lead the charge in the upcoming 6G revolution, supported by patent CN117176593A, marking a significant milestone…

IOTA Identity v1.2 enhances digital identity management by integrating IOTA and Shimmernet, emphasizing transparency and community involvement. This update represents a significant advancement in Self-Sovereign Identity (SSI) technology, leveraging W3C standards for decentralized digital identity. IOTA Identity v1.2 marks a significant advancement in the realm of digital identity. Its integration with the Shimmernet is nearing completion, heralding a new era in decentralized identity solutions. As highlighted by CEO Jelle Millenaar, this update, featured in Crypto News Flash (CNF) , not…

IOTA continues its partnership with the EU PCP program, where its digital product passports and IOTA Streams are utilized to offer residents better services. Through its development foundation, which it launched this year in Abu Dhabi, IOTA is targeting the Middle East and Africa regions with new products customized to solve their challenges. While most crypto projects dwell on price movements and creating hype to boost their tokens, IOTA has been busy building products that will change the future. The…

The introduction of Real World Assets (RWA) tokenization by BlackRock signifies a transformative approach wherein assets ranging from bonds to real estate are converted into blockchain-based digital tokens. This initiative promises enhanced liquidity, transparency in ownership, and broadened access to previously inaccessible investment opportunities. In a groundbreaking move towards digital transformation, BlackRock, the world’s largest asset manager renowned for its Bitcoin ETF launch earlier this year, has unveiled plans to tokenize a sizeable portion of its assets under management, in…

IOTA’s distributed ledger technology (DLT) combined with real-world asset (RWA) tokenization presents a promising avenue for revolutionizing the real estate industry. Through the utilization of IOTA’s DLT, the real estate sector can also potentially overcome hurdles related to material procurement, quality assurance, etc. The IOTA blockchain network has been at the forefront of solving several real-world problems ranging from traffic congestion, transparent electricity distribution, addressing supply chain issues, and much more. Now, with real-world asset (RWA) tokenization around the corner,…

Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Netherlands extradited the Dutchman back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court.  A Five-Year Investigation As reported by the Daily…