Serbia is among the first nations to regulate the digital currency space, and the digital currency landscape is slowly evolving in the country, according to Finance Minister Sinisa Mali.
Bazyli Rymarz, who has been charged with laundering $2.6 million via digital currency ATMs, has been sentenced to spend five years and nine months in jail.
The National Bank of Kazakhstan plans to set up a retail digital currency on a distributed ledger technology, and is mulling the possibility of using the digital tenge for payment.
House Speaker Rafael Hernandez confirmed that lawmakers plan to meet with local blockchain experts to create smart contracts that aim to bring more transparency and accountability to the sector.
The banks will settle bilateral transactions using a shared settlement system to process USD, CAD, GBP, and EUR with plans to use the platform to settle other currencies in the future.
The program helps demonstrate the advantage of using blockchain technology by making it easier for residents and location organizations to use public services.
Four state-owned banks issued a new batch of digital yuan coupons in Beijing, which officials said can be used for deliveries, supermarkets, laundries, bookstores, and even public transportation.
The Thai government is looking at issuing a digital currency, building a new tourism ecosystem, and developing a wallet to help Thailand’s economy, which has taken a hit during the pandemic.
The Bank of Tanzania is looking to expand its digital currency research and development team capacity, following the footsteps of Nigeria’s e-Naira, according to central bank Governor Florens Luoga.
The government’s decision would mean that while digital currency would be accepted as virtual currency, buying and selling would be regulated and monitored using the goods and services tax (GST).
Central Bank President Julio Velarde said the government is partnering with countries with more advanced experience in developing its central bank digital currency, such as India, Singapore, and Hong Kong.