South Korea’s regulatory sandbox has helped create almost 380 blockchain and other fintech jobs and generated around $110 million in investments. According to Shina Ilbo, the sandbox is overseen by the government's financial regulator, the Financial Services Commission, or FSC. It temporarily exempts companies from various regulations regarding financial services to aid with innovation and growth. The report said that 16 companies have been recognized for their growth potential, and attracted more than 136.4 billion won ($110 million) in new investments. Some of the companies participating in the government-sponsored program are pursuing business across 14 countries in Asia, including Indonesia, …
Vietnam’s Ministry of Education and Training, or MOET, is planning to implement blockchain technology for issuing diplomas in 2021. According to a Nov. 18 announcement, the ministry has partnered with Singapore-based startup TomoChain to put national student certifications on TomoChain’s proprietary blockchain platform. As part of the “National Qualifications Archive” project, the MOET plans to issue all types of diplomas granted by its high school and higher education training units on the blockchain. The new system will reportedly come into effect during the school year ending in 2021. According to the announcement, Vietnam’s new blockchain-based certification system is designed to …
On April 27, the capital of Colombia launched a series of free online courses that cover a broad spectrum of content on new technologies, including blockchain. Sponsored by the Mayor’s Office of Bogotá, the “Bogotá Aprende TIC” program looks forward to strengthening innovation and developing a path to the future of new technologies in the city. The contents cover topics like cloud computing, immersive experience, big data, artificial intelligence, event-driven architecture, internet of things, gig economy and blockchain. Blockchain course contents The blockchain course at its basic level will discuss its meaning, advantages and disadvantages, the areas in which it …
Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists. As the group’s co-founder Nadya Tolokonnikova told Cointelegraph, The DAO will be working on reducing the gender inequality that still marks the NFT space and, more broadly, the crypto industry. Despite the large gender gap in crypto — around 60% of US crypto investors are white men according to a survey from August 2021 — Nadya is convinced that it is still early enough for Pussy Riot to make an impact. “The NFT space is still so small, I feel that with a …
Government-issued electronic currency seems to be an idea whose time has come. “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or BIS, in early May — something that would have been unthinkable only a few years ago. The BIS also found that nine out of ten central banks were exploring central bank digital currencies, or CBDCs, in some form or other, according to its survey of 81 central banks conducted last autumn but just published. Many were taken aback by the progress. “It …