The kingdom of United Arab Emirates has set up an ambitious goal to become a global blockchain hub, searching for talents in Asia and Europe as competition with Gulf neighbors in the industry heats up.
Digital asset service providers in Uzbekistan may have their licenses revoked if they fail to settle a monthly operational fee under a new regulation imposed to prop up the government's budget.
Exchanges appear to be unfazed by Japan's heightened monitoring of virtual currency transactions, which include stiffer penalties on firms and individuals involved in laundering digital assets.
Attorney General Yali Rothenberg confirmed that the move to explore the use of blockchain is to open the nations to “new possibilities for the issuance and management of government debt.”