Blockchain Daily Digest – October 17th, 2019

1. Telegram May Push TON Launch Date Before Facing SEC
   After coming under fire from the United States Securities Commission (SEC), Telegram has allegedly informed its investors that it will postpone launching its Telegram Open Network (TON).
   
   
2. Canada’s Central Bank Considers Launching a Digital Currency to Combat the “Direct Threat” of Cryptos
   Canada’s Central Bank, the Bank of Canada, is considering launching a digital currency that would enable the collection of data on how Canadians spend their money. 
   
   
3. Wales Eyes Own Digital Currency for Speedy Business Transactions
   Wales has set its sights on creating a complementary digital currency according to an official government announcement on Oct.7th. It has been speculated that it could enhance the nation’s economy by approximately £250m in the next ten years.
   
   
4. Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations
   On Oct.15th, the Securities and Commodities Authority (SCA), an organization responsible for regulating and developing the financial market of the United Arab Emirates, released a draft on its website containing their tentative resolutions on how the crypto market will be regulated.
   
   
5. Ernst and Young Unveil Blockchain Solution for Public Funds Management
   There is viable progress in the integration efforts of many multinational companies to utilize Bitcoin and the scope of blockchain technology as a veritable tool to drive the decentralization of financial services, service rendering, and manufacturing. The latest such company is Ernst and Young which has unveiled its blockchain solutions platform
   for government fiscal management.

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