The Liberal Democratic Party of Japan will present a proposal for the national government to accelerate the creation of its digital currency and boost its technological development. Meanwhile, Singapore implements blockchain technology to develop a digital health passport against COVID-19. This and more news in this handy daily summary so you are always informed with most recent events that happen within the crypto world.
📍 The digital yen, the digital currency (CBDC) from the Central Bank of Japan could be available sooner than planned. He Liberal Democratic Party (LDP) from Japan will present a proposal to the national government by the end of this year, raising the need and urgency for the country to launch its digital currency (CBDC) as soon as possible. The LDP assures that the digital yen is a fundamental piece to guarantee the economic security of Japan, and to have a solid foundation compared to other innovative projects that are developed in the region and the world, such as the DCEP or China's digital yuan, the Pound from Facebook, and several others.
The political party will also ask the national government to strategically advance its 6G development and implementation plans, in order to promote and ensure Japan's significant participation in the international technological arena.
📍 In Singapore, SGInnovate, a government investment company and Accredify, a startup that uses blockchain to issue digital certifications, they developed a new digital health passport based on blockchain technology, which will provide a more efficient way to manage the medical records of patients and potential COVID-19 cases. The innovation behind this new passport is that its blockchain system allows you to manage and verify digitized healthcare documents, COVID-19 discharge memos, swab results, immunity tests and vaccination records, more than 1,5 million times. Testing of the new passport began in May, and to date it is touted to allow personal medical documents to be stored in a digital wallet, secured with blockchain technology to ensure easy access and reliable handling.
📍 Switzerland prepares to develop the Crypto Finance Conference (CfC) St. Moritz in physical. Yes, the nation is making all the necessary safety and health preparations for the conference to take place in person from January 20 to 22, 2021. In its web portal, the organizers assure that they will implement a strategy with strict hygiene and prevention standards against COVID-19 to guarantee the safety of the place and those attending the event. Among the most notable speakers for this conference are: Winklevoss Capital, Swiss National Bank, European Parliament, Ledger, and several others.
📍 In Venezuela, the national government seeks to implement a new law to encourage the use of cryptocurrencies, and digital assets in national and international trade transactions, as a measure to overcome the sanctions that the country faces. Although it was not described how the use of the new assets will be encouraged in the country's weakened economy, the president of the nation noted that the law will encourage the participation of the national digital currency, and other public and private cryptocurrencies, alluding to the unfortunate Petro , which since its launch in 2017 has failed to capture the interest of its citizens.
On the other hand, the National Securities Superintendency of Venezuela (Sunaval) gave the green light for a Decentralized Stock Exchange, based on Ethereum, will begin its operations in the country. The decentralized platform will allow the exchange of stocks, fiat, securities, debt securities and cryptocurrencies. The ad came out published in Official Gazette No. 6.578 and the platform will be tested for the next 90 days.
📍 The Securities and Exchange Commission (SEC), the main securities regulator in the United States, ordered to the company Salt Blockchain Inc., issue a press release in the next 14 days to communicate the start of a refund process to investors of its initial currency offering (ICO) in 2017. Salt Blockchain is the owner of the digital platform that provides loans in dollars guaranteed by cryptocurrencies. The company must pay a $250.000 USD civil penalty to the SEC within the next 10 days and return the funds to the project's investors along with any initially agreed upon interest.
📍 Pierre Rochard, announced a new feature in BitcoinACKs, a digital platform that now allows users of Bitcoin (BTC) committing funds to network improvement or the inclusion of a new feature. Although this website has been around for some time, Rochard's implementation of allowing Bitcoin users to pledge funds is new. BitcoinACKs allow Bitcoin Core developers to receive a payment from the community once they have completed and merged a specific update, development, or feature into the network's code.
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