Search Results for: Ministry

UAE’s Ministry of Health and Prevention Instigates First-Ever Blockchain Network

On September 18, the Ministry of Health and Prevention in the United Arab Emirates (UAE) announced that it had established a blockchain system intended at sharing and saving assessment information among health practitioners, such as technicians, pharmacists, nurses, and doctors. The Ministry proclaims that blockchain technology will transform this sector by improving data integrity and … Continue reading UAE’s Ministry of Health and Prevention Instigates First-Ever Blockchain Network

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Uttama Savanayana, Thailand’s Finance Minister, has stipulated that his ministry intends to use blockchain technology in upgrading the system infrastructure. The decision comes from the knowledge that blockchain technology will ensure optimal service delivery to the nation’s citizens.  Uttama views blockchain as part of the technological innovations that will maximize efficiency and productivity in the … Continue reading Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Algorand Partners with Italian Economic Ministry to Advance Blockchain Initiatives

The Algorand Foundation of Singapore has signed a collaboration agreement with Fondazione Ugo Bordoni (FUB) aimed at testing and advancing the groundbreaking open-source technology developed by its founder Silvio Micali.According to a blog post by Algorand Foundation on Dec. 16, the partnership agreement was signed between the Fondazione Ugo Bordoni, an in-house entity of the … Continue reading Algorand Partners with Italian Economic Ministry to Advance Blockchain Initiatives

Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy

Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) have introduced a bill that highlights the adoption of digital securities as a crucial element of Germany’s blockchain strategy. Germany’s official blockchain strategy will feature the adoption of digital securities at its core according to a new draft bill … Continue reading Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy

Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions

The Colombian Ministry of Information Technology and Communications (MinTIC) believes blockchain and DLT solutions could benefit nearly a dozen of the country’s public services and have released a draft to guide sector implementation. Colombia’s MinTIC is calling for around ten public sectors to adopt blockchain solutions with a new draft guide entitled, “DLT/Blockchain—Guide for the … Continue reading Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions

Russian Finance Ministry Believes Crypto Should be Regulated not Banned

The Ministry of Finance in Russia demonstrates its latest stance about the hot issue of the intended blanket ban on crypto-related activities by the nation’s apex bank.  The ministry believes that these plans should be shelved because crypto regulation will fill the void by providing both transparency and protection to citizens.  Ivan Chebeskov, the department … Continue reading Russian Finance Ministry Believes Crypto Should be Regulated not Banned

Russian Finance Ministry Compromises, Willing to Take Crypto Suggestions from Central Bank

Russia’s finance ministry has said that it is willing to take suggestions on cryptocurrencies from the country’s central bank, but they should not clash with their approach. This approach has paved the way for legislating governance of digital assets. Last Friday, the finance ministry submitted legislative proposals to the government, which heated a debate over … Continue reading Russian Finance Ministry Compromises, Willing to Take Crypto Suggestions from Central Bank

Kazakhstan Energy Ministry Cracks Down on Illegal PoW Mining

A short while ago, Kazakhstan was flaunted as a major hub for Bitcoin (BTC) and Proof-of-Work (PoW) mining, but today, the country is fast becoming an intolerant zone for cryptocurrency mining activities. According to a press release shared by the Committee for Nuclear and Energy Supervision and Control of the Ministry of Energy of the Republic … Continue reading Kazakhstan Energy Ministry Cracks Down on Illegal PoW Mining

UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins

Britain’s finance ministry has announced plans for adapting existing regulations to mitigate any collapse of major stablecoins, like the case of TerraUSD that happened two weeks ago. In a consultation paper published on Tuesday, the British Treasury Department (the HM Treasury) noted the need to manage risks associated with the failure of a systemic digital … Continue reading UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins

Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments

The current economic landscape in Russia is forcing both the Central Bank and the Ministry of Finance to rethink their approaches to cryptocurrencies.  According to the State-backed TASS News Agency, Deputy Finance Minister,Alexei Moiseev said athatthe Central Bank and the Ministry thave reached an agreement that the use of cryptocurrencies for cross-border payments can no … Continue reading Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments

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