Blockchain technology will drive Laos' digital transformation, accelerating financial inclusion, facilitating process automation, and improving efficiency across several key sectors and areas for development. This and more news in this handy daily digest so you're always up to date with the latest developments in the crypto world.
Laos bets on blockchain technology
📍The Lao government will boost its digital transformation through blockchain. Sonexay Siphandone, Prime Minister of Laos, said that blockchain technology will become one of the main driving forces of the country's digital transformation.
This week, Prime Minister Siphandone unveiled a blockchain-based plan to boost its digital transformation, accelerating innovation and technological development.
According to Prime Minister Siphandone, blockchain will help Laos accelerate financial inclusion, facilitate transactions, and ensure transparency and security. Furthermore, this innovative technology will improve efficiency and help reduce costs to streamline several key sectors in the country.
El Salvador appoints a new economic advisor
📍Saifedean Ammous has been appointed as economic advisor in El Salvador. The Bitcoin Office of El Salvador announced that Saifedean Ammous, author of The Bitcoin Standard, has become its new economic advisor.
Ammous will bring his extensive experience and knowledge, as one of the best-selling authors of books on Bitcoin, to advise El Salvador and its president, Nayib Bukele, on matters related to various economic policies.
According to the National Bitcoin Office, the Austrian economist met with President Bukele to share his thoughts on the great benefits of the economic freedom policy that El Salvador has implemented by declaring Bitcoin as its legal tender and paving the way for greater innovation and adoption.
Tether invests in Bitcoin mining
📍The company responsible for issuing USDT will start mining bitcoins. Tether Limited is investing resources in energy production and sustainable Bitcoin mining in Uruguay. This was reported by the USDT company through a Press releaseIn it, Tether explains that it will launch operations for sustainable Bitcoin mining in conjunction with a local company.
Tether's goal with this new project is to diversify its business model, expanding its reach from finance and communications to include the energy sector. Tether stressed that this initiative to mine bitcoins sustainably reflects its commitment to energy innovation and to the sustainable future of Bitcoin, one of its main reserve assets.
Last week, Tether Limited reported that it will begin Invest 15% of your monthly net profits in Bitcoin to strengthen and diversify its reserves.
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