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In an industry first, ShelterZoom gives Argentine patients control over their medical records with its smart-document SaaS

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ShelterZoom’s blockchain-based tools empower Policlinico Modelo de Cipolletti patients to fully control and monitor their medical records via document tokenization, preventing bureaucratic delays and mistakes

ShelterZoom, a leading blockchain-based, smart-document SaaS provider, partners with Policlinico Modelo de Cipolletti, a leading private hospital in Argentina known for adopting tech advances. Through the partnership, the hospital will integrate ShelterZoom’s DocuWalk and Document GPS solutions to empower patients with complete ownership and control over their medical records, offering a glimpse into Web3’s potential to drastically improve healthcare delivery.

Historically, medical records have been considered property of clinicians or health institutions, and a study conducted by Yale researchers found that only 53 percent of hospitals allow patients to receive their complete records. This lack of patient access makes sharing sensitive medical records between hospitals and healthcare providers or facilities a complicated process  defined by bureaucratic hold ups and patient frustrations. As a result, patients experience unnecessary delays in receiving care, which directly impacts the quality of care.

By leveraging ShelterZoom’s document tokenization tools, Policlinico Modelo empowers its patients to take full ownership over their sensitive medical records to improve communication between patients and relevant parties and, ultimately, improve healthcare outcomes. ShelterZoom shields patients’ medical data from cyber breaches and allows them to bypass the bureaucratic hurdles by delivering their own medical records directly to a specialist or clinic.

With Document GPS, ShelterZoom’s newest product, the sender has a timestamped log in their interactive attachment library built into their email interface. This empowers senders to track how recipients interact with each file. ShelterZoom built Document GPS on the same innovative blockchain technology powering its entire platform, allowing users an extra layer of security integrated into the system.

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“Our partnership with Policlinico Modelo de Cipolletti is the first time in history that patients will have complete ownership and control over their medical records,” says Chao Cheng-Shorland, CEO of ShelterZoom. “In addition to empowering patients to own and control their own medical records, they will also benefit from unprecedented levels of security due to them being tokenized via the blockchain. This allows patients to share the necessary parts of their medical records with a clinic or pharmaceutical company and then revoke access when it is no longer relevant.”

“Back in 2000, we began a process to build our own internal digital system for patient data, and it has shown to have major benefits regarding patient care,” says Salvador Scafidi, Owner of Policlinico Modelo de Cipolletti. “Now, decades later, our partnership with ShelterZoom provides us with the ideal digital tool because it allows our patients to own and control their complete medical history. We are excited to integrate such an innovative tool into our existing system and look forward to the improved quality of care it will enable.”

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PayPal receives New York crypto trust charter

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The New York State Department of Financial Services (NYDFS) has granted PayPal Digital a limited purpose trust charter, a designation typically held by digital asset custodians and some stablecoin issuers.

Last August, PayPal launched its PYUSD stablecoin, marking the first stablecoin from a BigTech company. Paxos Trust Company, which also holds an NYDFS limited trust charter, currently issues the PYUSD stablecoin. Paxos has been PayPal’s partner for its cryptocurrency services since inception. Consequently, the new trust charter may signal PayPal’s intention to take over the custody of its clients’ crypto-assets and potentially move the issuance of PYUSD in-house.

Despite reaching out to PayPal for clarification on the purpose of the trust charter, no response was received before publication.

The PYUSD stablecoin is still in its early stages, with its recent integration for cross-border payments via PayPal’s Xoom app. The stablecoin’s market capitalization has grown to nearly $400 million, up from $190 million in early April. Notably, wallets associated with the issuer Paxos hold over $125 million, possibly on behalf of PayPal. The top five wallets constitute 71% of the stablecoin balance, with 17 wallets holding $1 million or more, accounting for 97% of the total holdings.

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The largest holders include Paxos, Crypto.com, Curve (DeFi), Defiance Capital, and Frax (DeFi). Among these, Crypto.com holds a balance of $103 million and Bullish holds $23 million.

Additionally, in November, the SEC’s enforcement division issued a subpoena requesting documents related to the issuance of the PYUSD stablecoin.

Source: ledgerinsights.com

The post PayPal receives New York crypto trust charter appeared first on HIPTHER Alerts.

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Hong Kong SFC to conduct compliance checks on crypto firms

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The Hong Kong Securities and Futures Commission (SFC) has announced that it will conduct on-site compliance checks on local virtual asset trading platforms (VATPs) that are still completing their regulatory applications following the June 1 licensing deadline.

In a notice issued on May 28, the SFC emphasized that all local crypto trading platforms must be either licensed or “deemed-to-be-licensed” by the regulatory body before the June 1 deadline. Operating an unlicensed VATP in Hong Kong after this date will be considered a criminal offense, and the SFC will actively pursue non-compliant companies.

In the coming months, the SFC will perform on-site inspections of deemed-to-be-licensed VATP applicants to evaluate their compliance with regulatory requirements. These inspections will focus on how firms safeguard client assets and implement Know Your Customer (KYC) processes.

The SFC urged investors to trade cryptocurrencies only on SFC-licensed platforms to ensure their protection. It also cautioned companies seeking licenses against actively marketing their services or onboarding new retail clients until they are formally licensed. Additionally, firms must prevent mainland Chinese residents from accessing their services, adhering to China’s ban on cryptocurrency trading.

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Earlier this month, it was reported that the number of crypto exchanges seeking operational licenses in Hong Kong had been decreasing. Eleven crypto companies and exchanges, including well-known platforms like OKX and Huobi’s local arm, withdrew their applications ahead of the deadline. Currently, only 18 applications remain pending approval.

In response to the upcoming licensing requirements, some crypto firms have proactively taken steps to ensure compliance. For example, Gate.HK, a crypto exchange, halted all activities related to acquiring new users and marketing, prevented existing users from making deposits, and began delisting tokens on May 23. The exchange plans to relaunch its services after restructuring its platform to comply with Hong Kong’s regulatory requirements.

According to the SFC, only two companies, OSL Digital Securities Limited and Hash Blockchain Limited, have been granted licenses to operate in Hong Kong so far.

Source: tradingview.com

The post Hong Kong SFC to conduct compliance checks on crypto firms appeared first on HIPTHER Alerts.

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Argentina crypto group plans to set up a blockchain valley in Buenos Aires

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The crypto community in Argentina is planning to establish a “blockchain valley” in Buenos Aires as part of the Crecimiento movement, which has a following of 500 individuals.

This group includes prominent figures in the country’s crypto ecosystem, such as Diego Guitérrez, co-founder of Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, a general partner at Ripio Ventures.

Significantly, Crecimiento’s core team has the support of advisors to Argentina’s new libertarian president, Javier Milei.

Crecimiento aims to create a hub for crypto and technology-oriented business founders in the capital, offering a comprehensive three-dimensional plan. This includes bringing 5 to 10 million people on-chain by offering exclusive items, boosting the number of tech-related startups, and providing necessary support.

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The group’s mission is to work with Argentina’s newly crypto-friendly government to bolster the cryptocurrency sector through initiatives like tax rebates, industry investment, and simplified regulations.

During his campaign, President Milei highlighted the benefits of Bitcoin, associating it with a sense of freedom, though no formal statements have been made on the subject. Nonetheless, the group has been actively collaborating with officials to establish their crypto center in Buenos Aires.

Maria Milagros Santamaria, a Web3 lawyer, noted that regulators are showing a high level of positivity toward their proposals and are requesting specific plans regarding the crypto sector to move forward. She mentioned that there are only a few individuals opposed to the initiative, and fortunately, their numbers are minimal.

Source: cryptonewsz.com

The post Argentina crypto group plans to set up a blockchain valley in Buenos Aires appeared first on HIPTHER Alerts.

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