G20 waits for AML standard, crypto salary in Costa Rica, Liverpool opens doors for blockchain, Nanjing launches a $1.48 billion fund, Lufthansa partners SAP, Coinbase forms PAC and celebrities promoting ICOs
- G20 member countries will reportedly review a global anti-money laundering (AML) standard on cryptocurrency in October this year.
- Employees in Costa Rica can receive part of their salary in cryptocurrency and that wouldn’t be against the law. Cryptos are consolidating as an alternative to traditional payment systems.
- Liverpool will use Malta-based Poseidon Foundation’s blockchain platform to offset the city’s climate impact by 110%.
- Nanjing, the capital of China's Jiangsu province, has launched a 10 billion yuan ($1.48 billion) blockchain investment fund to foster the token economy and public blockchain projects.
- Lufthansa has partnered with software giant SAP to launch a blockchain competition seeking ideas for blockchain applications in the airline industry.
- Coinbase has become the first crypto industry organisation in the USA to launch its own political action committee (PAC).
- Some ICOs have enlisted the help of celebrities in an attempt to boost their credibility. Here’s a quick look of some of the more notable celebrity endorsed projects: Stox.com, LydianCoin, Bitcoiin.