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.
The State Media Said that several companies just associate itself with the concept of blockchain for financial gains and business momentum, without actually practicing it.
Honest crypto tax payers are now getting tax refunds from the Internal Revenue Services (IRS) while the agency is now focusing on Bitcoin ATMs and crypto kiosks for any illicit crypto activities.
Reports indicate that China is starting Phase 1 of its CBDC Digital Yuan project, by imposing limits on transactions and reducing the presence of cash in 3 important regions.