by BlockEx 1. Swiss Government Wants Report On Potential State-Backed Cryptocurrency The government of Switzerland has outlining the advantages and disadvantages of issuing a state-backed cryptocurrency, the e-franc. The request came from the Federal Council, but needs to be accepted by the lower house of the Swiss parliament. It would be backed by the bank, and would serve as a tool to deal with the digitalisation of payment methods. Switzerland is one of the latest countries looking into issuing their own cryptocurrency. The central bank of Sweden, Sveriges Riksbank, previously the possible launch of the cryptocurrency e-crown. In Switzerland, if they were to move forward with their plans, the country’s finance ministry would be entrusted with the study. requested the creation of a report discussed 2. A Major Bank In The Philippines Showcases Crypto Mining Machinery UnionBank of the Philippines, one of the largest banks in the country, . The country has always adopted an open approach to cryptocurrencies, so this shouldn’t come as too much of a surprise. However, despite the display, it is still unclear how the new venture will be structured. Regardless, the bank thinks that cryptocurrencies are not a temporary trend, but here to stay. UnionBank is in collaboration with Visa that will support four rural banks. has recently showcased crypto mining machinery at a business conference also currently working on a blockchain payment system 3. China Launches New Cryptocurrency Index — Bitcoin Lands 13th Spot The government of . In the document, which was released on Thursday, Bitcoin only ranked 13th with a score of 88. Ethereum took first place with 129.4. Ethereum is a popular choice to launch ICOs on. The index was published by Ministry of Industry and Information Technology’s subdivision China Center for Information Industry Development. The top 5 were Ethereum, Steem, Lisk, NEO and Komodo, in that order, with scores of 115.9, 104.8, 103.0 and 101.5 respectively. In total, 28 blockchain projects were graded and ranked. The list will be updated on a monthly basis. China has launched its first Global Public Chain Assessment Index 4. Infosys Collaborates With 7 Banks To Develop Blockchain Solution For Trade Finance Infosys, the Indian IT giant, has . A trade network named India Trade Connect (ITC) has been announced by subsidiary Infosys Finacle. ICICI, Axis Bank, South Indian Bank and Yes Bank are four of the seven banks involved. The trade network is , as it will help tackle possible future changes made to the platform. ITC is currently being . Furthermore, Infosys Finacle Chief Business Officer Sanat Rao stated he hopes to increase the number of banks involved in the consortium so that the benefits of blockchain systems can be shared. formed a partnership with seven local banks to research and develop blockchain solutions for trade finance blockchain agnostic employed in a pilot project This news roundup was brought to you by . BlockEx To receive our daily news roundup in your mailbox, sign up here: http://bit.ly/BlockExNewsRoundup-Updates

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18/05/2018: Biggest Stories in the Cryptosphere

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18/05/2018: Biggest Stories in the Cryptosphere

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