blockchain as a service
Blockchain in governance

California county to use blockchain wallet for citizen services

Small government services for citizens are slowly incorporating blockchain technologies to reduce paper work and increase efficiency. California’s Santa Cruz County has recently shared its decision to experiment with blockchain wallets to offer services such as user registrations for parking bikes and recreational vehicles, licensing of pets, and building permits given over the counter. The…

crypto exchange
Cryptocurrency exchanges

US SEC invites public opinion on DeFi exchanges, LSE enters bitcoin futures and options

The U.S. Securities and Exchange Commission has invited public feedback on what counts as an ”exchange” in the light of DeFi crypto platforms performing similar trades as a stock exchange. The SEC considers decentralized platforms as similar to an exchange, and thus aims to extend its regulatory framework to DeFi services. There are several ways…

Brazil cbdc
CBDC

Brazil tests digital Real CBDC on public blockchain

Brazil’s Central Bank will launch the country’s CBDC in 2024. Currently the digital Real currency is in the testing phase. The Digital Real is an innovative way to introduce a national virtual currency by simply tokenizing bank deposits. The IMF too has praised this concept. Tokenizing bank deposits is an easy way to introduce digital…

bitcoin-dubai
CBDC

UAE announces plan to introduce CBDC

The Central Bank of the UAE (CUAE) has announced a transformation program for the emirate’s financial sector, and its nine initiatives include a CBDC. In order to make UAE a “financial and digital payment hub”, the CUAE has launched the Financial Infrastructure Transformation Programme (FIT). The wider aim is to push the CUAE among the…