China has been secretly developing a blockchain platform; here are the details

Xi Jinping, president of China has declared that his nation requires to ‘seize the opportunities presented by blockchain technology.’ The Chinese leader, in a speech in 2019, said blockchain was a ‘significant breakthrough in independent innovation of core technologies.’ As an outcome of that speech, blockchain was hoisted as a national priority for China, among…

Thrust for blockchain in China as Xinhua to issue pictures as non-fungible tokens

On Wednesday the official Xinhua news agency said that it will issue a digital media photo collection through NFTS (non-fungible tokens), a first for China and an upsurge for the blockchain technology that supports them and that Beijing has earlier criticized. Regarded as digitized ownership certificates, NFTs have earned fame across the globe this year,…

All Eyes on the New Crypto Bill this Winter Parliament Session

The government has come up with a new crypto bill to be introduced during the winter session in the parliament, namely the Cryptocurrency and Regulation of Official Digital Currency Bill. According to media speculation, the new bill will “forbid the use of all private cryptocurrency” but will provide some leverage on certain cryptocurrencies to promote…

The White House gets ready to regulate crypto trading

As if cracking down of the crypto trade in China wasn’t bad enough news for cryptocurrency investors, now the White House is making an executive order to follow a regulation path, too. Biden administration intends to engage all relevant government entities – from the national security agencies and the financial regulators to the National Science…

Indonesia to regulate cryptos rather than prohibiting like China

Muhammad Luthfi, the Indonesian Minister for trade confirmed to the local media about reinforcing cryptos regulations instead of banning it like China. He said that Indonesia will concentrate on making the crypto market less prone to unlawful activities. The statement from the Indonesian minister comes posterior to the fabulous growth recorded by local exchanges in…