
BSV Association selects Binarii Labs for secure communications using BSV blockchain
Homepage > News > Business > BSV Association selects Binarii Labs for secure communications using BSV blockchain Getting your Trinity Audio player ready...
Zug, Switzerland & Dublin, Republic of Ireland – 20 May 2025: The BSV Association, which leads the global advancement of the BSV Blockchain, the world's most scalable and regulation-friendly public blockchain, has selected Binarii Labs to be a trusted secure communications provider. As part of the collaboration, BinariiDSM will be used to enable encrypted file exchange and data resilience between Association members, employees and ambassadors, with all file actions immutably recorded on the BSV Blockchain as verifiable Proof of Record. The BSV Blockchain is a highly scalable public blockchain, capable of handling hundreds of millions of transactions daily, making it the ideal solution to facilitate enterprise solutions on-chain.
The BSV Association's focus is in working with businesses, governments, enterprise to demonstrate where blockchain can add value for them. The integration of BSV blockchain with BinariiDSM adds a further layer of trust for their customers, reflecting their commitment to operational transparency, trust, and decentralised infrastructure. With member representation and ecosystem growth across Europe, Asia, the Middle East, and North America, the BSV Association supports a diverse global community of enterprises, developers, government agencies, and institutions building real-world applications on scalable public blockchain infrastructure.
BinariiDSM, Binarii Labs' patented SaaS data security solutions apply a sovereign-first and zero-trust architecture to protect sensitive unstructured data. Each file is encrypted, fragmented, and distributed across three user-owned storage endpoints, ensuring that no single complete file is ever stored in one place, and that users retain continuous access from any two locations. Integrated blockchain-based logging on the BSV Blockchain ensures transparent and tamper-proof auditability of all file interactions.
Ásgeir Óskarsson, Managing Director of BSV Association, commented:
'We are committed to adopting technologies that reflect the values of transparency, resilience, and trust. BinariiDSM aligns with our core principles, ensuring secure communications between our members , our employees and our ambassadors, leveraging the BSV Blockchain to deliver tamper-proof, verifiable records of activity. We look forward to deepening our collaboration with Binarii Labs as secure data infrastructure becomes ever more critical.'
Ciarán McNamee, Co-Founder and Chief Business Development Officer at Binarii Labs, added:
'It is a privilege to be working with the BSV Association. Their selection of BinariiDSM reinforces the growing recognition that unstructured data—documents, reports, and sensitive communications—must be secured with the same rigour as core systems. Our patented architecture, underpinned by blockchain-based Proof of Record, provides a modern, sovereign-first solution to today's data challenges.'
This partnership marks another milestone in Binarii Labs' expansion into compliance-driven and blockchain-integrated sectors, demonstrating how sovereign data control, regulatory readiness, and immutable audit trails can be delivered in a single, integrable solution.
About the BSV Association
The BSV Association leads the global advancement of the BSV Blockchain, the world's most scalable and regulation-friendly public blockchain. With growing adoption across finance, supply chain, health, and government, the BSV Blockchain supports massive-scale data integrity and microtransaction use cases. The Association provides education, technical standards, and ecosystem support for enterprises and developers building real-world blockchain solutions.
association.bsvblockchain.org | www.bsvblockchain.org
About Binarii Labs
Headquartered at NovaUCD in Dublin, Binarii Labs delivers sovereign-first, zero-trust data security solutions for regulated and data-sensitive sectors. Its platforms—BinariiDSP, BinariiDSM, and CyqurPRO—enable organisations to encrypt, fragment, and distribute unstructured data across multiple storage end-point locations, ensuring full control, compliance, and continuity. Every action is cryptographically recorded via blockchain-based Proof of Record.
www.binariilabs.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Telegraph
14 minutes ago
- Telegraph
Farage ‘seeks less powerful chairman' after Yusuf quits
Nigel Farage is considering appointing a less powerful Reform UK chairman after the sudden departure of Zia Yusuf, The Telegraph understands. Senior party figures have discussed splitting the role into several positions when Mr Yusuf is replaced, following his dramatic resignation on Thursday. Reform sources told The Telegraph that the former chairman had 'rubbed some people up the wrong way', and that a key factor in his departure was high workload. 'He was on a mission, working 18 hours a day,' said one source. 'He was doing it all unpaid, and he expected everyone else to work equally hard.' Mr Farage and the party's officials are working out how to replace the 38-year-old businessman, who said he no longer thought it was 'a good use of his time' to work on getting Reform into government. It came after an apparent dispute between Mr Yusuf and other senior figures over whether the party should campaign to ban the burka, which was suggested by the newest Reform MP Sarah Pochin at Prime Minister's Questions on Wednesday. Mr Yusuf said later it was 'dumb' to suggest policies Reform did not support, but Lee Anderson, the Reform chief whip, said he backed a ban. Mr Farage and Richard Tice, the deputy leader, both said they thought there should be a 'debate' on face coverings, including burkas, in the UK. One party source said Mr Yusuf was 'unpopular' with other members of staff, and had become 'super stretched' in managing the day-to-day running of Reform and the party's new ' Doge ' efficiency drive in the ten councils it won in last month's local elections. That workload led him to become 'authoritarian' and a 'control freak', said another figure close to Reform. Mr Farage said on Thursday that Mr Yusuf brought a 'bit of a Goldman Sachs mentality' to the role, which others said was a coded reference to his high-pressure management style. But the Reform leader also said he was 'sad' his chairman was leaving, and that he had only ten minutes' notice that he intended to resign. The tipping point for Mr Yusuf came on Wednesday, when he learned of Ms Pochin's question about burkas to Sir Keir Starmer from reading about it online. Mr Yusuf, who is a Muslim, had been receiving abuse from far-Right trolls online, which Mr Farage said had become difficult for him to bear. He had also reportedly become frustrated that another staff member had taken control of the party's operations, and felt he had been isolated from conversations about policy. He said on Thursday: '11 months ago I became Chairman of Reform. I've worked full time as a volunteer to take the party from 14 to 30 per cent, quadrupled its membership and delivered historic electoral results. I no longer believe working to get a Reform government elected is a good use of my time, and hereby resign the office.' Multiple sources said Mr Yusuf had performed well in the job, but was not a popular figure within the team. 'He didn't do what a chairman is meant to do, which is to bring people in and bring them along with you,' said one Reform source, adding: 'He isolated a lot of the staff.' Another added: 'Everyone is very sad about it. He wasn't popular with the staff, but he did a good job in the role. It all happened very suddenly – he'd had enough.' The next chairman may be given a more traditional figurehead role within the party, rather than running its expansion, elections and financial affairs as Mr Yusuf did. Mr Farage could appoint a chief executive alongside a new chairman, using funds raised by Nick Candy, the Reform treasurer. Upcoming donations returns are expected to show that the party raised more than £2.5 million in the first quarter of this year – putting Reform in contention to be the biggest fundraiser among the Westminster parties. Both the Conservatives and Labour have suffered a cash crunch since last year's election, and have laid off staff members. Early contenders to replace Mr Yusuf include Andy Wigmore and Arron Banks, the ' bad boys of Brexit ' who worked with Mr Farage on the campaign in 2016. One figure close to the party said Mr Farage could approach Ann Widdecombe, the former Conservative MP and MEP who stood for Reform at the 2019 election. Ms Widdecombe, who said last month she disagreed with Reform's policy to expand access to the winter fuel allowance, told The Telegraph she had not been approached about the job. Mr Yusuf's departure is the latest in a series of internal disputes within Reform, including a public row between the chairman and Rupert Lowe, who was elected for the party last year but has since been ejected. Mr Yusuf did not respond to a request for comment.


The Sun
an hour ago
- The Sun
MrQ Casino Bonus: 200 Cash Spins on Fishin' BIGGER Pots of Gold
GET READY to make a splash with MrQ casino bonus! New UK players over 18 years can dive into a four-day spin extravaganza on Fishin' BIGGER Pots of Gold. Just deposit £10 each day with bonus code POTS200 and watch up to 200 thrilling cash spins land in your account. Sounds juicy! Let's show you how. What is MrQ's welcome offer? MrQ Casino brings in something special for new players. Imagine this: every day for four days, you deposit and spend a tenner (£10) and instantly unlock 50 electric cash spins on Fishin' BIGGER Pots of Gold. Each spin is valued at 10p per spin, so you receive £20 as extra rewards. The best part? There are no wagering requirements on free spins and associated winnings. So, you can withdraw them anytime or use them to enjoy more games. However, there's a catch! If you miss a day within the first four days, you may not claim the full 200 free spins. You also have 12 hours after each deposit to wager at least £10 and trigger 50 free spins. Once they land in your account, they must be used within 48 hours. It's vital to note that MrQ Casinos has provided a list of games you shouldn't wager your £10 on, as they make you ineligible for this offer. You can bet on other available games, especially slots, to earn free spins. How to claim MrQ casino offer Visit MrQ's official website and create an account using your email address and a password. Once in your profile, click the ' Claim Offer' button. This takes you to a deposit window. Deposit at least £10 and stake it on Fishin' BIGGER Pots of Gold (or another eligible slot) within 12 hours. Watch 50 cash spins pop into your account instantly. Repeat steps 3 and 4 on days two, three, and four to reel in all 200 spins. What happens next? As soon as you hit that £10 spend each day, your spins will splash into 'My Rewards'. Afterwards, load up Fishin' BIGGER Pots of Gold and spin its reels for free. Remember, your spins vanish after 48 hours, so use them quickly. What about potential wins? They drop straight into your cash balance with no hoops to jump through, ready for withdrawal or more play. If you have leftover spins after the 48-hour expiry window, they'll sail off quietly. Terms and conditions of the MrQ casino bonus offer This casino bonus has its own terms and conditions. Let's review them This offer is available to new UK customers aged 18 years or above. Deposit and spend £10 per day within 12 hours for 50 spins daily (200 total). Spins expire 48 hours after credit; unused spins are removed. No wagering requirement on spin winnings; large wins may undergo security checks. We recommend that you wager responsibly and adhere to any applicable terms and conditions, as failure to do so may result in disqualification from any available offer. Remember to gamble responsibly A responsible gambler is someone who: For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to to be excluded from all UK-regulated gambling websites.


Reuters
2 hours ago
- Reuters
Four former Monte Paschi executives to stand trial in bad loans case
MILAN, June 6 (Reuters) - An Italian judge has ordered four former executives of bank Monte dei Paschi di Siena ( opens new tab to stand trial for alleged false accounting in 2015 and the first half of 2016 over the classification of impaired loans, judicial and legal sources said on Friday. Former presidents Alessandro Profumo and Massimo Tononi, former CEO Fabrizio Viola, and ex-accounting manager Arturo Betunio are set to face charges of false accounting and market manipulation at a Milan court on Oct. 16. Lawyers for the four did not immediately respond to requests for comment, but all have consistently denied wrongdoing. The case marks the latest development in a series of legal proceedings linked to the troubled Tuscan lender's 2017 rescue. Milan prosecutors have alleged that false accounting from 2014 to 2017 was used to obscure the bank's insolvency, which would have blocked its state bailout, according to judicial documents. Milan judge Fiammetta Modica on Friday cleared five other MPS executives, including former presidents Alessandro Falciai and Stefania Bariatti, and former CEO Marco Morelli, of all charges related to the other years under investigations. Prosecutors had previously requested no proceedings for these periods. The alleged offence relates to the misclassification of loans as "performing" rather than "impaired". Italy pumped 5.4 billion euros ($6.15 billion) into MPS in 2017 under a so-called precautionary recapitalisation. Under European Union rules, this applies only to viable companies, so that public money is not used to cover any actual or expected losses. The European Central Bank conducted a health check on MPS at the time to unlock state aid in compliance with EU competition rules. Italy's Treasury negotiated the bailout terms with the European Commission and eventually committed to reducing its stake in the bank, which after the bailout stood at 68%. Under CEO Luigi Lovaglio, the bank has restructured, benefiting from higher interest rates and lower costs. Lovaglio raised 2.5 billion euros in late 2022 to fund redundancies. In October 2023 Italy's Supreme Court confirmed an appeals court's ruling that overturned a previous verdict and acquitted all defendants of charges related to derivatives deals that prosecutors alleged had helped MPS hide losses. In December 2023, MPS's former CEO and chairman were also acquitted on appeal, after serving six years in prison in a related case. The verdict was upheld by Italy's Supreme Court in February 2025. ($1 = 0.8776 euros)