Sweden’s central bank announces that it will sign a partnership with Accenture, for the development of the e-krona CBDC.

With a strong backing from President Xi Jinping, China’s prepares itself to be a world leader in the blockchain space and dominate the next industrial revolution.

ING said that it sees growing opportunities for digital assets and digital asset backed security tokens. Thus, it is working on developing safe storage solutions.

Two top banks in China namely Bank of China and China Construction Bank announced blockchain-based bond-issuance system and refactoring platform respectively.

The South Korean Ministry of Economy and Finance has said that it will push this measure to reflect in the tax regulations for next year.

Loeffler has served as Bakkt executive since the platform’s announcement in 2018. She has been instrumental in the launch of Bakkt Bitcoin Futures contract.

A new law will enable German banks to sell cryptocurrency to customers, but also to store digital currency on their behalf.

Indian Minister for Electronics and IT states that India is now working on developing a national blockchain strategy.

Russia’s central bank said that cryptocurrencies offer significant risks to investors and are very volatile in nature. Thus, they refuse to recognize them as legal tender.

The US Attorney’s Office of New York argued that developer Virgil Griffith went to North Korea’s blockchain conference without permission and provided them knowledge on using cryptocurrencies to evade US sanctions.

The Swiss Federal Council plans to create a conducive environment to boost blockchain development and make Switzerland a hub of blockchain innovation.

With the Digital Vault platform HSBC plans to digitize paper-based assets records thereby cutting costs and reducing the processing times.

The Thailand regulator is planning to amend a royal decree on digital assets businesses with the purpose of boosting innovation and growth while simultaneously protecting investors’ interest.

The executive said that the Eurozone should work towards adopting new innovations and technology and should seriously consider for a CBDC for faster cross-border settlements.

The PBoC said that promoting blockchain technology has wrongly encouraged a few local companies to pursue crypto-related activities that won’t be allowed as per the country’s laws.

Fed Chairman Jerome Powell puts forward the pros and cons of having a CBDC and said that they are weighing all options before launching such a project.

Galaxy Digital will use this institutional-grade Bitcoin storing facility for storing tokens for its two newly launched Bitcoin funds.

The State Media Said that several companies just associate itself with the concept of blockchain for financial gains and business momentum, without actually practicing it.

Honest crypto tax payers are now getting tax refunds from the Internal Revenue Services (IRS) while the agency is now focusing on Bitcoin ATMs and crypto kiosks for any illicit crypto activities.

Reports indicate that China is starting Phase 1 of its CBDC Digital Yuan project, by imposing limits on transactions and reducing the presence of cash in 3 important regions.