Ministry - Page 2 of 23

Indonesia's Ministry of Trade is reportedly aiming to roll out a national crypto exchange

It has been claimed that Indonesia’s Ministry of Trade is planning to launch a national cryptocurrency exchange by June of this year. This would be six months later than the ministry’s prior goal date of December 2022. At the beginning of Crypto Literacy Month on February 2 in Jakarta, Trade Minister Zulkifli Hasan announced the … Continue reading Indonesia's Ministry of Trade is reportedly aiming to roll out a national crypto exchange

UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales

The UK Ministry of Defence has entered into a significant 15-year contract with Thales, valued at £1.8 billion, aimed at enhancing the Royal Navy’s ship availability and resilience. This contract, known as the Maritime Sensor Enhancement Team (MSET) project, is designed to leverage the latest in artificial intelligence (AI) and data management technologies to predict … Continue reading UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales

India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?

India has been taking multiple stances when it comes to blockchain and cryptocurrencies, as cryptocurrency has not been deemed legal, but not considered illegal either. The National Payments Corporation of India (NPCI) recently designed and adopted a blockchain-based system for automating payment clearing and settlement processes. Earlier this year, the Bank for International Settlements (BIS) … Continue reading India Taking a Step Towards CBDC After the Debut of its Blockchain-Based Payment System Vajra?

117 Smuggled Crypto Mining Machines Seized by Iranian Police

Following the wake of the Iranian government in the authorization of cryptocurrency mining as industrial activity in July, the Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31. The mining machines which were said … Continue reading 117 Smuggled Crypto Mining Machines Seized by Iranian Police

Present-day Blockchain Industry Hindered by Structural Scarcity of Talents

Chen Xin, a senior official at China’s Ministry of Industry and Information Technology, has asserted that the digital economy has become a notable player in China’s development and economic growth. The trend witnessed is progressing at an alarming rate. The digital economy has emerged to be a formidable force in the present age as people’s … Continue reading Present-day Blockchain Industry Hindered by Structural Scarcity of Talents

Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

The Thai Securities and Exchange Commission (SEC) has unraveled the latest crypto scam whereby potential investors are coerced into functioning with overseas companies. According to the Bangkok Post, the Thai regulator is knowledgeable about various illegitimate companies taking part in the purported scam identified as FX trading corporation. Notably, this entity does not have any … Continue reading Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

Current Crypto Sector in Dire Need of Professional Education, Asserts Ripple Executive

Ken Weber, the social impact head at Ripple, has asserted that global universities ought to expand their educational scope so that they can offer digital assets and blockchain programs. The training courses should correlate with the actual tasks needed in the crypto and blockchain industries. Weber noted the huge deficit witnessed in this sector’s workforce, … Continue reading Current Crypto Sector in Dire Need of Professional Education, Asserts Ripple Executive

Turkish Government Announces Plans for National Blockchain Infrastructure

The Ministry of Industry and Technology of the Turkish Government announced its plan for a national blockchain infrastructure used in public administration on Sept. 18 in Ankara. Strategy 2023, a presentation set out by the Turkish Ministry of Industry and Technology, pointed out blockchain and distributed ledger technology as priorities for the coming year. The … Continue reading Turkish Government Announces Plans for National Blockchain Infrastructure

North Korea Is Developing Own Crypto to Circumvent US Sanctions

North Korea has always been suspected for either indirectly or directly funding weapons or involve in some powerful projects of mass destruction using virtual currencies. The nation was recently accused of stealing cryptocurrencies worth $2 billion to facilitate the development of deadly weapons. Japanese and South Korean exchanges were mainly targeted for the theft, and … Continue reading North Korea Is Developing Own Crypto to Circumvent US Sanctions

What Global Regulators Think of Libra: The Asia Pacific Edition

Libra, the new cryptocurrency by social media giant Facebook, has generated controversy with lawmakers and regulators globally since its announcement in June of this year. Concerns were mostly revolved around the stablecoin potentially disrupting the global financial system. The scrutiny towards Facebook aims at the fear that the new digital currency could possibly take power away from … Continue reading What Global Regulators Think of Libra: The Asia Pacific Edition