The new blockchain-based system will be based on the Ethereum network and serve up to 1.5 million viewers at any given time.
Under the new ruling for its Income Tax Act, New Zealand will allow the salaried class and wage worker to receives their salaries in digital currencies.
The PBoC said that it will use a blockchain-like system for the functioning of the digital yuan to cater to China’s huge population.
The insurance giant plans to leverage the power of cryptocurrency and blockchain technology to enhance its global insurance payments systems.
The ECB wants more data and information to study the impact of crypto assets on the real economy and plans to use better surveillance tools and methods for the same.
The UN Report states that North Korea is actively pursuing cyberattacks on financial institutions and crypto exchanges to steal money in the foreign currency.
Thailand regulator AMLO says that it will tweak its AML rules to accommodate cryptocurrency monitoring. The rules will be as per the recently issued FATF recommendation.
Looking to the global developments in the crypto space, the PBoC finds it a pressing need to have its own digital currency that can counter global competition.
The city’s transportation system is working on integrating Bitcoin payments to the application which will go live by the end of this year.
China’s PBoC has recently published an infographic for Bitcoin detailing its working. The local Chinese court has already given Bitcoin a legal status as a virtual property.