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FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

The 13th Asian Financial Forum, taking place as a two-day event starting on Jan. 13, 2020, in Hong Kong, gathering the most influential leaders of the global financial, government, and business sectors, groundbreaking discussions on inclusiveness, innovation, and fintech. Fintech as one of the high priority sectors in Hong Kong In the opening session of … Continue reading FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

The Adoption of Bitcoin May See Considerable Increase if the Proposed Cash Ban in Australia Activates

Under the new bill being considered by the Australian Parliament, people could be jailed for two years and pay a fine of $ 25,200 for just using more than $10,000. If this bill is passed, it will force its citizens to look away from traditional fiat currencies and go for decentralized digital currencies such as … Continue reading The Adoption of Bitcoin May See Considerable Increase if the Proposed Cash Ban in Australia Activates

New Zealand Investigates Second Auckland Church Over OneCoin Scam Links

The Department of Internal Affairs (DIA) in New Zealand is probing the second church in Auckland over allegations that it is linked to OneCoin, a Ponzi scheme promoted as a cryptocurrency with a private blockchain which has been red-flagged as a scam.  As reported by RNZ, the Auckland-based Samoa Worship Centre is the second church … Continue reading New Zealand Investigates Second Auckland Church Over OneCoin Scam Links

UAE Health Authorities Launch Blockchain-Based Platform for Verifying Health Data Validity and Reliability

The United Arab Emirates (UAE) Ministry of Health and Prevention (MoHAP), the Ministry of Presidential Affairs, Dubai Healthcare City, and other authorities have come together to launch a blockchain-based system for health data storage.  The blockchain-based platform has been created to improve the efficiencies of smart healthcare services and to streamline the search of health facilities as … Continue reading UAE Health Authorities Launch Blockchain-Based Platform for Verifying Health Data Validity and Reliability

Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Aiming to curb the potential influence of China’s digital currency electronic payment, its nation’s central bank digital currency, Japan is looking to release its own digital currency proposals today. According to Prime Minister Shinzo Abe, the country is also requesting support from the US Federal Reserve.   Norihiro Nakayama, the Vice-Minister for Foreign Affairs in Japan and the … Continue reading Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker, Kozo Yamamoto has called for the expedited development of Japan’s digital yen as the race to be the first nation with an operating central bank digital currency (CBDC) heats up. Yamamoto who is Head of Bank and Finance Systems Research Commission at the Liberal Democratic Party (LDP), said that Japan should create a … Continue reading Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance

Leaders of the Ministry of Finance (MOF), the Financial Services Agency (FSA) and the Bank of Japan (BOJ)  have recently held a number of meetings to examine the possible issuance of their own digital yen in the very near future. As published by the Japan Times, the most recent meeting took place last month, bringing together … Continue reading How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance

Mashreq Bank and DIFC Launch First KYC Blockchain Platform in UAE

Dubai International Financial Centre (DIFC) and Mashreq Bank announced the launch of the region’s first blockchain data-sharing platform which went live on March 1. The initiative, known as Know Your Customer (KYC), supports licensed businesses and corporations when opening digital bank accounts by leveraging blockchain to allow instant identity verification. According to the publication, the new … Continue reading Mashreq Bank and DIFC Launch First KYC Blockchain Platform in UAE

Hawaii Pushes Out New Digital Currency Regulatory Sandbox to Boost Crypto Growth

The government of Hawaii has recently announced its establishment of a regulatory sandbox for digital currency companies. The partnership between the Department of Commerce and Consumer Affairs, Division of Financial Institutions (DFI) and Hawaii Technology Development Corporation (HTDC) will see the launch of Hawaii’s first pilot program aimed for digital currencies. The official announcement stated … Continue reading Hawaii Pushes Out New Digital Currency Regulatory Sandbox to Boost Crypto Growth

Ohio Democrat Lawmakers Propose Blockchain Voting in Bill For Election Overhaul

In the Ohio House of Representatives, Democrats have included a new voting system pilot based on blockchain as part of their elections law overhaul bill. The system will be used to count and track the votes of military personnel stationed outside of the US but registered to vote in Ohio. On May 5, the Ohio … Continue reading Ohio Democrat Lawmakers Propose Blockchain Voting in Bill For Election Overhaul

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