In a recent seminar held to discuss the risks and benefits of initial coin offerings, the Financial Crime Investigation Service of Lithuania urged authorities to look to stricter regulations to avoid cybercrimes.
Lori Beer, CIO of prominent banking firm JP Morgan and Chase, has revealed that the company is focused on the technology related to blockchain, application programming interface and artificial intelligence.
Mega-banking institution JPMorgan Chase has recently released a filing which shows that it is looking to license a system to use blockchain technologies on distributed ledgers as a means to facilitate and reconcile banking transactions.
The State Senate’s Banking and Financial Institutions Committee have recommended a Blockchain related bill with a “do pass” status. If the full Senate approves the measure, Blockchain technology would be legally recognized.