With a strong backing from President Xi Jinping, China’s prepares itself to be a world leader in the blockchain space and dominate the next industrial revolution.
ING said that it sees growing opportunities for digital assets and digital asset backed security tokens. Thus, it is working on developing safe storage solutions.
Two top banks in China namely Bank of China and China Construction Bank announced blockchain-based bond-issuance system and refactoring platform respectively.
The South Korean Ministry of Economy and Finance has said that it will push this measure to reflect in the tax regulations for next year.
Loeffler has served as Bakkt executive since the platform’s announcement in 2018. She has been instrumental in the launch of Bakkt Bitcoin Futures contract.
A new law will enable German banks to sell cryptocurrency to customers, but also to store digital currency on their behalf.
Indian Minister for Electronics and IT states that India is now working on developing a national blockchain strategy.
Russia’s central bank said that cryptocurrencies offer significant risks to investors and are very volatile in nature. Thus, they refuse to recognize them as legal tender.
The US Attorney’s Office of New York argued that developer Virgil Griffith went to North Korea’s blockchain conference without permission and provided them knowledge on using cryptocurrencies to evade US sanctions.
The Swiss Federal Council plans to create a conducive environment to boost blockchain development and make Switzerland a hub of blockchain innovation.