Japan’s Trade Ministry: Government Should Promote Blockchain Use Cases
Japan's Ministry of Economy, Trade and Industry (METI) has released the results of a new survey on blockchain technology, recommending that government groups play a leading role in “verifying the validity” of its use cases. Prepared in conjunction with Nomura Research Institute (NRI), the 75-page report provides an overview of the technology, from detailing the step-by-step workings of a bitcoin transaction to outlining how the mechanics of the protocol could create stresses if applied to existing business practices. Most notably, the report outlines the specific use cases it sees as being....
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Japan’s government is sending three blockchain startups to the US as part of a technology innovation program. The Japanese Ministry of Economy, Trade and Industry (METI) said earlier this month that employees from 55 startups would take part in the initiative. The “Project for a Bridge of Innovation between Silicon Valley and Japan” was first announced in mid-2015 as part of a bid to boost cooperation between Japanese and US tech firms. Reps from Keychain GK will spend time in Silicon Valley while those from Quoine and Soramitsu will visit New York as part of the program. The program lasts....
Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming months, the monetary authority says it will “actively promote” its digital currency for international settlements.
Bank of Russia Seeks to Impose Digital Ruble for International Settlements
The Central Bank of Russia (CBR) will “actively promote” the employment of the digital....
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic crisis as Covid-19 cases surge in the country. The Iranian health ministry says that the number of daily Covid-19 infections has more than quadrupled in less than two months. In addition, an increasing number of sanctions have been placed on Iran by the U.S. government, while the local fiat....
A two-day conference will see notable Asian banking giants along with other participants and developers of blockchain technology outline their use cases for the innovation. Singapore will host the ‘Blockchain for Finance Conference, Asia Pacific’ with a number of significant financial institutions participating in the event. The conference, held on June 20-21, will see banks, credit unions and building societies, among other companies from various industries to discuss and evaluate the use-cases and proof-of-concept prototypes of blockchain-based applications. Hosted by the FinTech....
Poland's Ministry of Digital Affairs is considering bitcoin and blockchain tech amid a broader push toward the digitization of government services. The remarks, the first for the agency on the subject, were issued in a strategic document this February. Established in 2015, the Ministry of Digital Affairs is a government agency whose mission is "to create a digital boost for the development of Poland". Bitcoin and blockchain were listed alongside the Internet of Things as accelerating technologies that could foster development but that could also entail previously unknown....