HKEX plans to create a blockchain platform, Taiwan implements new amendments to AML and CFT laws, SEC ceased over dozen illegal ICOs, RFB demands monthly reports from crypto exchanges, Petro recognized as a legal tender, crypto industry to regulate itself in Japan, HSBC and RIL settle India’s first LoC transaction on blockchain, ASB settles New Zealand’s first export deal using blockchain
Locals are turning to cryptocurrencies as a more stable store of value and means to transact.
Nicolas Maduro announced that new Venezuelan bolivar will be pegged to Petro. 1 Petro will be equal to 60 dollars, to 360,000 old bolivars or to 3,600 new bolivars, so the redenomination ratio will be 1:1000.
Also on this weekend digest: the new crypto index by China, crypto exchanges still make a ton of money, and new problems in Venezuela.
Venezuelan President Nicolás Maduro has announced that the Petro will be used as a unit of account in the country for salaries as well as goods and service.