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The Eurobank Association has today published a new information document exploring the potential benefits and use cases of cryptographic technologies in the context of international payments, and more specifically correspondent banking.Cryptography in international payments was provided by the EBA's Cryptography Working Group. This working group brings together experts from EBA member organizations to consider promising business models for distributed ledger technology related to payments and transaction banking. “After analyzing the value that cryptography could bring to supply chain financial processes, we felt that international payments is another area that could greatly benefit from the use of this technology.” said Jose…

When I first discovered the Silk Road, I couldn't believe it was real. People were buying illegal drugs anonymously through global marketplaces similar to eBay and Amazon. It was a brazen challenge to drug prohibition. Silk Road was the first drug “crypto market.” After he was shut down by the FBI in 2013, many similar marketplaces sprang up. There are currently over 20 crypto marketplaces selling illegal drugs, and over 55 if you include single-vendor marketplaces. On Tuesday, the International Drug Policy Journal published its first special issue on drug crypto markets, which we guest edited. All papers are open…