After the El Salvadoran Parliament agreed to adopt Bitcoin as the country's second national currency alongside the US dollar, the new currency will be officially launched on September 7. The country has done most of the groundwork for the Bitcoin launch.
The US cryptocurrency industry has been quite controversial in its growth. The country’s financial watchdogs are mostly being cautious about this new technology. However, as the power in the USA has changed its face, the situation for cryptocurrency might change as well.
As of the recent political events between the long term sworn enemies of the United States and Iran, new measures have been reintroduced by the former. The United States under the Donald Trump administration imposed fresh economic sanctions on Iran. Following the sanctions aftermath prices of commodities like Bitcoin and Gold started to steadily enter a bull run.
With what is currently happening in the minds of the public, coinidol.com, the world news outlet, decided to conduct an overall assessment of the level of adoption of Blockchain and distributed ledger technology (DLT) in the field of public administration (PA) in Italy, on the most interesting application areas and important cases of use.
The Municipality of Cinisello Balsamo in the Metropolitan City of Milan, Lombardy, Italy, has started adopting blockchain tech in public administration (PA). Now, a maximum of 10 minutes is needed for the whole administrative procedure. This has made the Lombardi region to the vanguard of blockchain and cryptoasset implementation.