Category: Government

Australian government awards $4M in grants to two blockchain startups

Australian government awards $4M in grants to two blockchain startups

The new investment aims to explore blockchain’s capability to expand the competitiveness of Australia’s critical minerals and food and beverage industries. Australia’s Minister for Industry, Science and Technology announced 5.6 million Australian dollars ($4.2 million) in grants to two blockchain-focused companies including traceability firm Everledger and technology consulting startup Convergence.tech. Everledger, a company focused on building […]

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UK advertising watchdog flags crypto ads ‘red alert’ priority

UK advertising watchdog flags crypto ads ‘red alert’ priority

The United Kingdom’s Advertising Standards Authority is increasing its capacity to track misleading crypto ads using AI and scraping. 161 Total views 1 Total shares Amid the United Kingdom taking a tougher regulatory stance on the cryptocurrency industry, a major local advertising industry organization has announced a crackdown on crypto ads. The Advertising Standards Authority […]

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China’s central bank worried about stablecoins’ risk to financial systems

China’s central bank worried about stablecoins’ risk to financial systems

While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. 544 Total views 4 Total shares The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan […]

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Blockchain not suitable for CBDC, says Swiss national bank economist

Blockchain not suitable for CBDC, says Swiss national bank economist

Global economists continue to question the implications of blockchain implementation for central bank digital currencies. 4690 Total views 5 Total shares Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), is not the right solution for a central bank digital currency, according to an economist at Switzerland’s central bank. Carlos Lenz, chief economist at the […]

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