An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country. Crypto Could Be Backed by Gold During an interview with Primicias, Andrade, representing the Union Ecuatoriana party, believes its cryptocurrency idea is a […]
Category: Government
Huobi Korea scores certification from Korea Internet and Security Agency
The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act.
British financial advisor calls on the gov’t to ban crypto transactions
Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions.
China’s blockchain project BSN to pilot global CBDC system in 2021
China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.
Bitcoin bubble will pop sooner or later, says famous Russian BTC critic
Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method.
Treasury backs down: Crypto monitoring rule will wait until new administration
This is a big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian.
South Korea’s tourist hotspot launches DLT-based app tracing COVID-19
Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots.
Digital ruble could be still vulnerable to fraud, Russian banks warn
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.
US Navy awards $1.5M jet fighter contract to blockchain project
SIMBA Chain has been tapped to beef up the supply chain of the United States Navy after receiving a $1.5 million research grant.
OCC’s Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers.