quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

China officially recognizes Blockchain jobs as a new occupation

China officially

The ongoing COVID-19 outbreak is modifying blockchain companies, and its effect is not always negative for the blockchain industry. In spite of the latest Coronavirus crisis-fueled changes, China is moving one step ahead towards blockchain adoption to officially acknowledge industry jobs.

China’s Ministry of Human Resources and Social Security, or MOHRSS, is responsible for national labor policies and regulations. They have recently included blockchain-related jobs to a list of officially recognized jobs.

On May 11, MOHRSS gave a statement that blockchain-related professions, such as tech developers, engineers, and analysts, are among the 10 newly acknowledged jobs. The compass of a blockchain-related job includes a wide range of activities including architecture design, underlying technology, system application, and testing, in addition to operation and maintenance.

The ministry noted that the formal introduction of the new occupation types is in line with the country’s increasing demand to boost employment during the Coronavirus pandemic. The decision to update new types of jobs as officially recognized occupations seemingly addresses immense job losses in China after months of lockdown over the outbreak.

The news comes amidst China gradually increasing the pace of its blockchain adoption. In addition to moving ahead with blockchain projects in spite of the Coronavirus dilemma, China is also improving its overall blockchain adoption strategy in line with the order by China’s President Xi Jinping.

Related Posts

News

Monetary Authority of Singapore to Support G20 TechSprint Initiative

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, rec...

Monetary Authority of Singapore to Support G20 TechSprint Initiative Explore More

News

Department of Justice Charges Russian Oligarch with Violating US Sanctions

The Justice Department reportedly charged a Russian oligarch with violating US sanctions and reve...

Department of Justice Charges Russian Oligarch with Violating US Sanctions Explore More

News

Unlisted Crypto Exchange, JPEX, Investigated for Criminal Charges by SFC

The Hong Kong Security and Futures Commission (SFC) warned an unlisted crypto exchange platform, ...

Unlisted Crypto Exchange, JPEX, Investigated for Criminal Charges by SFC Explore More

News

India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill

India’s financial watchdog has proposed a new crypto bill to impose a $2.65M fine and jail for vi...

India to Impose $2.65M Fine and Jail for Violating Cryptocurrency Bill Explore More

News

Two More Crypto Firms to Shut Down Over EU Money Laundering Regulations

Two more cryptocurrency firms – mining pool Simplecoin and bitcoin gaming platform Chopcoin...

Two More Crypto Firms to Shut Down Over EU Money Laundering Regulations Explore More

News

Money Laundering Concerns Prompt Hong Kong Banks to Reject Crypto Transactions

Despite the Hong Kong government’s encouragement, two banks have rejected crypto activities...

Money Laundering Concerns Prompt Hong Kong Banks to Reject Crypto Transactions Explore More

News

ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards

The Ohio Department of Jobs and Family Services (ODJFS) has estimated that approximately $506 mil...

ODJFS Makes Efforts Against Fraud Schemes, Calling for Improved Safeguards Explore More

News

Chinese Bank trials the test interface for PBoC’s Digital Currency

One of China’s largest state-owned banks, the Agricultural Bank of China (ABC) is testing a new i...

Chinese Bank trials the test interface for PBoC’s Digital Currency Explore More

News

Central Bank of Nigeria (CBN) Raises Concerns Over KYC and AML Protocols

The Central Bank of Nigeria (CBN) has intensified pressure on financial institutions (FIs) to imp...

Central Bank of Nigeria (CBN) Raises Concerns Over KYC and AML Protocols Explore More

News

FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams

FBI and the U.S. Marshals Service have warned of prevailing telephone fraud in which callers act ...

FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams Explore More

News

AUSTRAC to Update Guidance for Threshold Transaction Reporting

AUSTRAC has made it mandatory for reporting entities to include a threshold transaction report (T...

AUSTRAC to Update Guidance for Threshold Transaction Reporting Explore More

News

Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission

According to findings of a multi-agency investigation released by the NSW Crime Commission, pubs ...

Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission Explore More

News

Libra taps another former FinCEN official as general counsel

Robert Werner, former director of FinCEN and OFAC regulatory authorities, has recently joined the...

Libra taps another former FinCEN official as general counsel Explore More

News

COVID-19: Banks and mobile companies join to block texting scams

The banking and mobile phone industries are declaring advancement in the face of a rise in so-cal...

COVID-19: Banks and mobile companies join to block texting scams Explore More

News

Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report

The Swiss Federal Audit Office investigated Switzerland’s meager protocols against white-co...

Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report Explore More

News

Netflix users targetted by scammers during COVID-19 outbreak

According to a security company, Scammers are increasingly using the likeness of online streaming...

Netflix users targetted by scammers during COVID-19 outbreak Explore More

News

FATF to Reassess Morocco’s AML Measures for Possible Removal from Gray List

The Financial Action Task Force (FATF) is all ready to reevaluate Morocco’s Anti Money Laundering...

FATF to Reassess Morocco’s AML Measures for Possible Removal from Gray List Explore More

News

Sebi Releases New Anti-Money Laundering Guidelines

The capital markets regulatory authority, the Securities Exchange Board of India (Sebi), publishe...

Sebi Releases New Anti-Money Laundering Guidelines Explore More

News

HSBC Fined £64m for “Unacceptable AML Failings”

HSBC was fined by the UK’s financial regulator for ‘deficient transaction monitoring controls’. W...

HSBC Fined £64m for “Unacceptable AML Failings” Explore More

News

Bank of Israel (BoI) Pushes Banks to Accept Crypto Profits

The Central Bank of Israel pushes local banks to un-restrict the cryptocurrency transaction gener...

Bank of Israel (BoI)  Pushes Banks to Accept Crypto Profits Explore More

News

Canada Faces 400% Increase in the Cryptocurrency Fraud

The Canadian police department is warning people to protect their personal information and perfor...

Canada Faces 400% Increase in the Cryptocurrency Fraud Explore More

News

G-20 impels countries to adopt tough FATF Regulations on Cryptocurrencies

Bankers and finance ministers in the G-20 (Group of Twenty) are urging for greater acceptance of ...

G-20 impels countries to adopt tough FATF Regulations on Cryptocurrencies Explore More

News

Germany to Establish New Regulatory Body to Combat Money Laundering

It has been reported that the German government will create a new regulatory body to combat money...

Germany to Establish New Regulatory Body to Combat Money Laundering Explore More

News

AI-based voice cloning induces new scams

Vijay Balasubramaniyan, the CEO, CTO, and Co-founder of Pindrop Security, warns the world about a...

AI-based voice cloning induces new scams Explore More

News

Another COVID-related lure: Phishing Scam Targeting Email Users

Amid the COVID-19 outbreak, email users are constantly warned against fraudulent emails and scams...

Another COVID-related lure: Phishing Scam Targeting Email Users Explore More

News

China Announces New Office To Combat Money Laundering

An office devoted to combating money laundering and ensuring financial institutes comply with Ant...

China Announces New Office To Combat Money Laundering Explore More

News

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met

MEPs have ordered Brussels to black-list the city of London if it does not comply with the EU’s D...

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met Explore More

News

Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities

Europol and EU member states along with Eurojust and Frontex have launched Operation Oscar to ass...

Europol and EU Member States Launch Operation Targeting Assets of Sanctioned Entities Explore More

News

Canada Financial Crimes Agency Questioned on Effectiveness of Anti-Fraud Measures

Anti-fraud experts are reporting concerns regarding the Liberals’ newly announced Canada Financia...

Canada Financial Crimes Agency Questioned on Effectiveness of Anti-Fraud Measures Explore More

News

Financial gain surpasses espionage as a top motivator in cyber attacks

NEW YORK – According to Verizon’s annual report on cybercrimes, money surpassed spying as t...

Financial gain surpasses espionage as a top motivator in cyber attacks Explore More

News

FATF to Blacklist Myanmar Over Money Laundering Concerns

Myanmar faces a blacklisting threat by a FATF because of AML compliance failure and weak regulati...

FATF to Blacklist Myanmar Over Money Laundering Concerns Explore More

News

FATF’s New Regulations Will Help Sanctions Find Russian Targets

The Financial Action Task Force’s drive to eliminate the anonymity of corporate beneficiaries mak...

FATF’s New Regulations Will Help Sanctions Find Russian Targets Explore More

News

Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions

Financial institutions faced trade-based money laundering as a new threat since the digitalisatio...

Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions Explore More

News

Financial Regulators in Uganda Demands Government to Set Crypto Regulations

Uganda’s financia regulators, Financial Intelligence Authority (FIA), want the government to take...

Financial Regulators in Uganda Demands Government to Set Crypto Regulations Explore More

News

Central banks urged to introduce digital alternatives to cash

According to a recent report from Positive Money, Central banks across the globe should issue a d...

Central banks urged to introduce digital alternatives to cash Explore More

News

MFSA, SEC, Along with FCA Introduces New AML Guidelines for Money Laundering Officers and Virtual Asset Service Providers

The Malta Financial Services Authority (MFSA), Securities and Exchange Commission (SEC), and Fina...

MFSA, SEC, Along with FCA Introduces New AML Guidelines for Money Laundering Officers and Virtual Asset Service Providers Explore More

News

UAE Central Bank: AML Guidelines Issued for Licensed Financial Institutes

The UAE Central Bank has issued guidance for financial institutes to fight money laundering, terr...

UAE Central Bank: AML Guidelines Issued for Licensed Financial Institutes Explore More

News

Brazilian Police Confiscates $33 M in Crypto Money Laundering Probe

Brazilian authorities have seized R$172 million from an investigation carried out into money laun...

Brazilian Police Confiscates $33 M in Crypto Money Laundering Probe Explore More

News

Central Banks of UAE and Saudi Arabia Released a Joint Report on CBDC

A joint report published by the central banks of UAE and Saudi Arabia, two countries with the mos...

Central Banks of UAE and Saudi Arabia Released a Joint Report on CBDC Explore More

News

Lloyds Banking Group Initiates “Pilot Scheme” to Combat Frauds

Lloyds bank initiates a “pilot scheme” with the London police to counter criminal act...

Lloyds Banking Group Initiates “Pilot Scheme” to Combat Frauds Explore More

News

Google CEO voices his concerns regarding AI and its potential harmful damages in the future

Sundar Pichai, Google CEO gave a statement on Monday regarding Artificial Intelligence and its in...

Google CEO voices his concerns regarding AI and its potential harmful damages in the future Explore More

News

UAE’s AML Body Adopts Regulatory Framework for Virtual Assets

The new rule for virtual assets has been devised in accordance with the crypto travel rule issued...

UAE’s AML Body Adopts Regulatory Framework for Virtual Assets Explore More

News

Sweden Points Out the Rising Cases of Money Laundering in Gaming Industry

Financial Police of Sweden has revealed a report that highlights more than 700 cases of money lau...

Sweden Points Out the Rising Cases of Money Laundering in Gaming Industry Explore More

News

Real Estate is Becoming a Primary Target for Money Launderers in the UK

According to a government report, Luxury London homes are a new method to launder illicit funds. ...

Real Estate is Becoming a Primary Target for Money Launderers in the UK Explore More

News

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin

Cryptocurrency buyers and sellers in Ireland, under the new anti-money laundering regime, will no...

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin Explore More

News

Uganda at Risk of Getting Blacklisted by FATF Unless it Addresses 16 Issues

Uganda is facing the risk of being added to a global blacklist for money laundering and terrorism...

Uganda at Risk of Getting Blacklisted by FATF Unless it Addresses 16 Issues Explore More

News

FCIU Uncovers Money Laundering Patterns Through Social Media Scams

South Yorkshire law enforcement authority has seized EUR 70,000 placed in the illicit gambling ac...

FCIU Uncovers Money Laundering Patterns Through Social Media Scams Explore More

News

Coinbase Agrees to $100Million Settlement with NYDFS for AML Violations

Coinbase, The American cryptocurrency exchange platform, has agreed to pay $100 million in a sett...

Coinbase Agrees to $100Million Settlement with NYDFS for AML Violations Explore More

News

Homeland Security Takes Back Its Plans of Facial Recognition for US Citizens

The Department of Homeland Security (DHS) is taking back its decision to implement a policy that ...

Homeland Security Takes Back Its Plans of Facial Recognition for US Citizens Explore More

News

Danske Bank Fined €1.82m Over AML and CTF Breaches

Danske Bank was accused of AML compliance failings and fined €1.82m by the Central Bank, revealin...

Danske Bank Fined €1.82m Over AML and CTF Breaches Explore More

News

German Parliament Passes Anti-Money Laundering Laws

On Thursday, the German parliament passed a draft of anti-money laundering measures to make sure ...

German Parliament Passes Anti-Money Laundering Laws Explore More

News

Coincheck customers fall victim to a data breach

In 2018, Coincheck, the Japanese firm, fell victim to probably the largest cryptocurrency hack in...

Coincheck customers fall victim to a data breach Explore More

News

Europe Bolsters Fight Against Financial Crime with AMLA Formation

The European Parliament (EP) and European Union (EU) council teams have agreed to create the Euro...

Europe Bolsters Fight Against Financial Crime with AMLA Formation Explore More

News

Amazon patents block chain-based product authenticator

The U.S. Patent and Trademark Office approved Amazon’s three-year-old “Distributed ledger certifi...

Amazon patents block chain-based product authenticator Explore More

News

MAS Rejects License Applications of 100 Crypto Exchanges for Ineffective CDD Protocols

Over 100 companies were either turned down or had to withdraw their applications for a license to...

MAS Rejects License Applications of 100 Crypto Exchanges for Ineffective CDD Protocols Explore More

News

455 Social Media Accounts Flagged for Rolling Out Fake IDs – Europol Reports

455 social media accounts flagged by Europol, which were providing fake identity documents to ill...

455 Social Media Accounts Flagged for Rolling Out Fake IDs  – Europol Reports Explore More

News

Canada to Establish Beneficial Ownership Registry to Fight Financial Crimes

The Candian Federal budget has brought good news for the supporters of anti-money laundering. The...

Canada to Establish Beneficial Ownership Registry to Fight Financial Crimes Explore More

News

RICS Urges Firms to Adopt ‘Extremely Careful’ Due Diligence Measures

The RICS has issued a statement for its members urging them to adopt ‘extremely careful’ measures...

RICS Urges Firms to Adopt ‘Extremely Careful’ Due Diligence Measures Explore More

News

Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator

A US federal regulator has said that the first federally-chartered digital asset bank Anchorage D...

Crypto Bank Anchorage Has Inadequate AML Measures, Says US Federal Regulator Explore More

News

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens

In an interview with ICIJ, XXI editor David Servenay says that the offshore world is more powerfu...

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens Explore More

News

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes

The Minister of Foreign Affairs said that the UAE is making “strong progress” to prevent illicit ...

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes Explore More

News

Banks Creating Regulations for the Cannabis Merchants for Better Compliance

Growing and dealing in cannabis was illegal a few years back. However, the medical benefits of ma...

Banks Creating Regulations for the Cannabis Merchants for Better Compliance Explore More

News

FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies

A major path of money laundering and tax evasion has been shut off by FinCEN with their new regul...

FinCEN Shutting the Channels of Financial Crimes Directed through Shell Companies Explore More

News

IRS Criminal Investigation Uncovers Approx. $10 Billion Worth of FinCrime

IRS-CI FY 2021 highlighted $2.19 billion in tax fraud, $8.18 billion in financial crimes, 1497 wa...

IRS Criminal Investigation Uncovers Approx. $10 Billion Worth of FinCrime Explore More

News

Shufti introduces react native app for customer convenience

Recently, Shufti launched its react native app for enhanced customer convenience. Shufti ...

Shufti introduces react native app for customer convenience Explore More

News

US Department Of Justice Announces Enforcement Actions to Regulate Cryptocurrency

The US Department of Justice (DOJ) announced several enforcement actions against cryptocurrency a...

US Department Of Justice Announces Enforcement Actions to Regulate Cryptocurrency Explore More

News

Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected?

Hackers broke into the servers at the International Committee of the Red Cross and accessed perso...

Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected? Explore More

News

Swiss Prosecutors Open Probe Against “Suisse Secrets” Whistleblower

The Swiss Prosecutors have launched an investigation, not after the bank but against the Suisse S...

Swiss Prosecutors Open Probe Against “Suisse Secrets” Whistleblower Explore More

News

The SEC Uncovers a Pyramid Scheme and Charges Multiple Individuals

The U.S. regulatory authority SEC uncovered a crypto pyramid scheme that stole approximately US$2...

The SEC Uncovers a Pyramid Scheme and Charges Multiple Individuals Explore More

News

Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM

Due to the enhanced ratio of financial crimes and human trafficking in Cambodia, the deputy prime...

Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM Explore More

News

Australian Payment Network Reports 9.2% Increase in Payment Card Fraud

AusPayNet reports that the e-commerce industry experienced a 9.2% rise in payment card fraud due ...

Australian Payment Network Reports  9.2% Increase in Payment Card Fraud Explore More

News

Officials Concerned about the Russian Money Laundering Done Through the UK

The top officials in the UK have shown their concerns about the disturbing regularity of the Russ...

Officials Concerned about the Russian Money Laundering Done Through the UK Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started