Identabit - A New Take on Digital Currency
Australia was so far considered as one of the promising countries when it came to bitcoin adoption. On the contrary, Bitcoin has been going through a rough patch in the region for some time now, creating doubts about Australia's digital currency economy. All hope is not lost, thanks to Identabit. READ MORE: Bitcoin Takes a Back Seat in Australia. Merchants Stop Accepting it. Identabit is as identity based decentralized currency created by a bunch of software professionals. The four member founding team of Identabit consists of John Underwood, Dan Larimer, Paul Neilson and Stan Larimer.....
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An Australia-based startup has announced plans for a digital currency called Identabit that will enable regulatory acceptance by way of user association. The startup, Thinking Active, characterizes Identabit as the first identity-ensured, decentralized currency. It represents a way to liberate decentralized currencies and will be an alternative to bitcoin, according to a recent press release. Identabit is the result of a collaboration between Thinking Active, owned by New York software entrepreneur John Underwood, and Cryptonomex, a Virginia-based software company led by Dan Larimer. The....
Perhaps one of the biggest characteristics associated with bitcoin transactions is anonymity, as transaction verification occurs through a complex algorithm instead of checking identities. However, it is also this very characteristic that has made the use of bitcoin prevalent in criminal activity and underground markets, earning the ire of government officials and financial regulators. Australian startup company IDentabit plans on making an identity-based bitcoin alternative in order to help the cryptocurrency get rid of its association with illegal dealings and money laundering. This....
Cryptonomex is a company which offers “custom blockchain development” to businesses. Its specialty is to craft products, which live in the Graphene blockchain library (the wallet and trading software most notable for cataloguing BitShares). Specifically, Cryptonomex assists companies in creating DACs (decentralized autonomous companies) and/or to issue asset tokens. Cryptonomex founder Dan Larimer – or as he's better known to the Internet, “Bytemaster” – recently told Forbes: Larimer told CoinTelegraph more about Cryptonomex (of which his father Stan Larimer is president) and where he sees....
Scottish National Party (SNP) MP George Kerevan wants Scotland to work on a digital currency and has also said that this must be the next on the policy agenda. The MP spoke at length about the much debated digital currency Scotpound at a fringe event at the SNP conference in Aberdeen. Kerevan also brushed aside all conclusions which claimed that it was the advocacy of keeping Sterling that cost them the referendum vote. While the MP vouched for the digital currency yet he also admitted that he does not have an 'instant alternative.'. He further spoke about the digital currency in the form....
HM Treasury, the U. K. government's economic and finance ministry, intends to apply anti-money laundering regulation to digital currency exchanges in the U. K. as part of a plan to promote the legitimate use of digital currency. The goal, according to a newly-released 28-page document, is to support innovation and prevent criminal use. The new document comes in response to a public call for input published in November on developing digital currency regulations. That call generated 120 responses from digital currency developers, businesses providing digital currency related services, banks,....