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.
With the Digital Vault platform HSBC plans to digitize paper-based assets records thereby cutting costs and reducing the processing times.
The Thailand regulator is planning to amend a royal decree on digital assets businesses with the purpose of boosting innovation and growth while simultaneously protecting investors’ interest.
The executive said that the Eurozone should work towards adopting new innovations and technology and should seriously consider for a CBDC for faster cross-border settlements.
The PBoC said that promoting blockchain technology has wrongly encouraged a few local companies to pursue crypto-related activities that won’t be allowed as per the country’s laws.
Fed Chairman Jerome Powell puts forward the pros and cons of having a CBDC and said that they are weighing all options before launching such a project.
Galaxy Digital will use this institutional-grade Bitcoin storing facility for storing tokens for its two newly launched Bitcoin funds.