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The current coronavirus pandemic has the potential to hasten the move toward digital payment options like central bank-issued digital currencies, according to the Bank of International Settlements. In a recent bulletin, the bank noted that there’s increasing public concern about physical cash’s potential for transmitting the virus, despite central banks’ active efforts to dispel those worries.
Australian blockchain technology firm Power Ledger has partnered with French green energy retailer ekWateur to roll out the new Vision blockchain-powered energy tracking platform. In an announcement released today, Power Ledger confirmed plans to provide more than 220,000 electricity meters with access to the platform.
State Duma Committee on Financial Markets Chair Anatoly Aksakov has confirmed that Russia’s new digital asset legislation is being delayed due to the ongoing Covid-19 pandemic, according to Russian media reports. In a recent interview, Aksakov said that the legislation has been finalized, but likely won’t be passed until late spring, as the legislature has turned its attention to measures needed to fight the coronavirus.
Students at the University of Malta recently conducted an election to choose student representatives, using a blockchain decentralized application, Crowdfund Insider reports. The application was reportedly created at the school, and relied on technology solutions from Vodafone:
Russian police this week arrested ten people suspected of operating an illicit cryptocurrency mining operation that stole some 15 million rubles worth of electricity each month. Authorities also seized about 2 million rubles, 1,500 mining devices, smartphones, and 100 electrical meters that the suspects allegedly altered.
Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement
The Monetary Authority of Singapore (MAS) announced this week that dozens of companies have received temporary exemptions from the recently-enacted Payments Services Act’s new licensing requirements. Among those companies listed in the announcement are major cryptocurrency firms like Coinbase, Binance, and Gemini Trust.
In April 2019, the Missoula County Board of Commissioners adopted new interim zoning regulations designed to address issues related to cryptocurrency mining in the country. In a unanimous decision, the board voted on Thursday to extend those regulations for another year beyond their original expiration date of April 3, 2020.
Boston blockchain analytics company Coin Metrics has completed a $6 million Series A funding round, according to a March 26 report from The Block. The successful round was led by Highland Capital Partners and several other investors, including Coinbase, Fidelity, Dragonfly Capital, and Digital Currency Group.
A New York federal judge has issued a preliminary injunction barring Telegram from issuing and distributing its GRAM digital tokens, the Block reports. The Court, applying the Howey test, determined that the distribution would violate the nation’s securities laws.
After successfully completing a bitcoin fundraising effort to finance a pre-triage post to aid in the fight against Covid-19, the Italian Red Cross has now set a new fundraising goal. This time, the charity is seeking roughly $26,000 in donations to fund its purchase of vital equipment for its coronavirus battle.