In the wake of testing its central bank backed digital currency in different cities, China intensifies crackdown on block reward mining operations and digital currency transactions.
The project was announced for inclusion in the Intergovernmental Fintech Working Group regulatory sandbox earlier this week, enabling easier testing against existing and new regulatory frameworks.
The sandbox will provide Centbee with the opportunity to test new products and services that push the boundaries of existing regulations while still under the oversight of the relevant regulators.
New York is making waves after Governor Andrew Cuomo announced the launch of the blockchain-based vaccine passport in a bid to reopen businesses and entertainment venues in the state.
Ghana’s central bank has launched a regulatory and innovation sandbox, with a focus on projects building on blockchain technology.
Among the provisions contained in the new bill are measures to create a regulatory sandbox for startups to innovate with blockchain tech.
A pilot program will be open to companies until December 31, allowing companies to test digital currency transactions without the usual regulatory oversight.
The sandbox will be used to provide an environment for the testing of use cases for blockchain and digital assets, as part of the European Blockchain Services Infrastructure.
Hawaii has accepted 12 digital currency firms into its new regulatory sandbox, allowing them to serve its residents without a money transmitter license.
Chengdu joins Beijing, Shanghai, Shenzhen in creating an enabling environment for blockchain, artificial intelligence, big data and more.
Citizens will be able to access government services in Busan city via the app, which is used to verify their identity.