According to an internal administrative circular viewed by coindesk, the upgrading of that unit into its own department is aimed at promoting innovation in the sector, identifying the challenges and opportunities associated with it and addressing them in a timely manner, and providing a framework for further research on the subject that can aid policy interventions by the … [Read more...] about India’s Central Bank Creates FinTech Department as Challenges Posed by Crypto, CBDC Grow
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Thailand Department Store Chain Is Testing Its Own Cryptocurrency
A Thai department store chain is trialing its own cryptocurrency for use by employees with a view to offering it to customers in the future.Central Retail Corp., Thailand’s biggest shopping center developer, is distributing its blockchain-based “C-Coin” to 80,000 employees on a merit basis to use as a substitute for cash in its stores, Bloomberg reported Thursday.The C-Coin may … [Read more...] about Thailand Department Store Chain Is Testing Its Own Cryptocurrency
San Francisco Sheriff’s Department bought the recent Bitcoin dip
Bitcoin’s mainstream adoption is picking up fast. It’s not only large institutions such as Tesla, Square, and MicroStrategy that are scooping up the asset at every downswing, but even the San Francisco Sheriff’s Department seems to be interested in the world’s largest cryptocurrency by market cap.The San Francisco Deputy Sheriffs’ Association (SFDSA), a non-profit organization … [Read more...] about San Francisco Sheriff’s Department bought the recent Bitcoin dip
Dubai’s economic department to roll out blockchain-based corporate KYC
Dubai’s Department of Economic Development, or “Dubai Economy,” and the Dubai International Financial Centre are working to expand their KYC platform to financial institutions across the United Arab Emirates.The DIFC made the planned project expansion known via an announcement published on its website on April 6.According to the communique, both organizations have signed an … [Read more...] about Dubai’s economic department to roll out blockchain-based corporate KYC