HSBC uses blockchain to manage a letter of credit for a soybean shipment from Argentina to Malaysia, claims it is "an inflection point for how trade is conducted.”
With just 10 months left before the U.K. exits the EU, the government is trying to get a handle on the economic impact should Brexit impose additional trading costs on exporters.
Meanwhile, president of National Foreign Trade Council warns: “This can't be a mechanism to start raising tariffs on everything. There'd be no end to it.”
Regulators are now taking a more active role in investigating not just ICOs but also the companies developing funds or other investment vehicles focused on cryptocurrencies or ICOs.