Ofcom Wins Almost $1 Million to Develop a UK Blockchain Phone Number System

The U.K.’s telecommunications regulatory authority, Office of Communications (Ofcom) has received close to $1 million (£700,000 Sterling) to develop a national blockchain phone number system. The Department for Business, Energy and Industrial Strategy, setup by the government in 2016, has awarded the grant to Ofcom as part of its £10 million Regulators’ Pioneer Fund.  As stated in a press release on Friday, the Business Secretary MP (member of Parliament), Greg Clark said the project will: “further strengthen our regulatory system and ensure that it keeps pace with the innovation and technological…

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UK Parliament Question Ripple NEWS REGULATORS 

Blockchain Hearing in UK Parliament Question Ripple

UK Parliament question Ripple in a hearing. Asked whether XRP was designed to avoid regulations, Ryan Zagone, Director of Regulatory Relations, explained that Ripple merely use XRP and are not directly connected to it. Martin Walker, Director of Centre for Evidence Based Management, and MPS scrutinised the company. In conclusion, Dr. Kotsialou suggested that cryptocurrencies should not be stopped, however bringing in taxes and employing inter-disciplinary working groups to regulate them, could assist in the long term.

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