Blockchain, most known as the technology behind bitcoin and other virtual currencies is rapidly becoming one of the largest threats to the financial services industry as we know it today.
One country blazing a trail in blockchain’s development is Japan. House of Councillors approved a series of regulations over virtual currencies and amendment of Banking Law on May 25, and since then the financial services industry has been building its presence in the sector.
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In a research note published this week, analysts at Jefferies take...
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