The Latest Developments In Crypto and Blockchain

Florida’s Governor Suggests a Crypto Payment System For Businesses

In the announcement of Florida’s 2022–2023 budget proposal, Governor Ron DeSantis proposed the idea of allowing businesses to pay state fees with crypto assets. The state is becoming well known because of its politicians’ optimism about the digital currency economy. In the Freedom First Budget of Florida, the governor suggested having a department for accepting crypto for in-state fees. Read more

Australia To Create Licensing Regime for Crypto

Australia seems to be starting its new year with an immense series of consultations in the industry to improve its payment regulations. For the first time in 25 years, the country aims to create a financial licensing scheme for crypto trading platforms. This would be their first step in the making of their own CBDC. Read more

Elon Musk: Tesla will Accept Doge as Payment On Some of its Merch

Dogecoin made some noise in the crypto community as Elon Musk tweeted about accepting Doge as payment to some of its merchandise. The crypto-token hit as much as 23% after Elon Musk’s announcement on his tweet. What Tesla merch will it be? Read more

Chinese Province Applied a Blockchain — Supported Smart System On its Prisons

Jiangsu, the Eastern Province in China, has implemented blockchain technology in prison management for parole, commutation, and prisoner assessments. The blockchain-supported smart prison system is used in 21 prisons in the province. With the endorsement of the Ministry of Justice, it recommended applying this system to more than 600 prisons nationwide. Read more