Connect with us

Hi, what are you looking for?


Dutch banking firm ING Step into the Blockchain industry

Currency Times
Dutch banking firm ING Step into the Blockchain industry

Dutch banking firm ING has sat down at the table of an association attempting to grow best practices for the digital money industry.

  • Declared Thursday, ING joins Global Digital Finance (GDF) and will co-seat its Custody Working Group.
  • As co-chair, ING will help manage the improvement of a set of principles standards for authority and overseers close by co-seat Onchain Custodian.
  • GDF is an excellent resource industry body working with notable names, for example, global expert administration firm EY, undertaking blockchain tech organization R3, U.S.- based cryptocurrency exchange Coinbase & information investigation firm Messari.

    READ MORE: Elon Musk states, ” Tesla is ready to reach on level 5 autonomy.”

  • ING’s blockchain activity led to digital resources Herve Francois, who said the bank put stock in giving an industry system to help the care and transportation of excellent support, which is imperative for an “establishment grade environment.”
  • In 2019, the Working Group introduced a deliberate set of accepted rules, guided by guidelines called “Standards for Custody – Custodial Wallets.”The gathering is about building up a guardianship guide, intending to be agreeable with late changes.

    READ MORE: China is using Blockchain Technology as record Court Hearings

  • Activities encompassing the reception of the Financial Action Task Force’s “Travel Rule.”
  • The ING Group is a worldwide banking and money related administration organization headquartered in Amsterdam.

    READ MORE: Ransomware attacks have been successfully declined in 2020

You May Also Like


Cybercriminals Adopt the Blockchain to Broadcast confidential Messages A group of analysts from SophosLabs represents that programmers working the crypto-jacking malware, Glupteba, have been...


PUBG unban in India soon as PUBG Corp. Will The Government Of India Unban PUBG? PUBG Mobile was Ban in India, PUBG organization has...


A standard method to execute Bitcoin could be powerless against double-spending, the new examination has found. Blockchain sleuths at ZenGo, a wallet startup, have...

BlockChain News

HDD mining, also known as “storage mining”, is a process of obtaining cryptocurrency based on hard disk memory. Compared with traditional POW mining, hard...