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As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n
\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n

Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n

An overwhelming 39-0 vote<\/a> passed the bill into the hands of Glenn Youngkin, Governor of Virginia, where it is now awaiting the final signature. <\/p>\n\n\n\n

After House Bill No. 263<\/a> was introduced<\/a> by Virginia Delegate Christoper T. Head after seeing the Texas regulations.<\/p>\n\n\n\n

\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n

The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n

\"Functionally, the bill allows state-chartered banks in Virginia to hold the keys to one\u2019s cryptocurrency<\/a> purse, similar to how individuals use safety deposit boxes at banks,\" stated Head, adding that \u201cacting in a fiduciary capacity, the bank shall require customers to transfer their virtual currencies to the control of the bank by creating new private keys to be held by the bank.\u201d<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 10 11 12 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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