Policies

The legal status of cryptocurrency has been and still is very contentious worldwide, with some countries recognizing them as a medium of payment, while in others, mere ownership of crypto is enough to get you to prison. Will the increasing global attention to CBDCs change anything?

The Vietnamese government has set up a 9-member committee charged with monitoring crypto-related activities and proposing appropriate government policies.

As cryptocurrencies and blockchain technology gain root in the world, governments are becoming more involved in the industry through taxation.

The test of Blockchain-based insurance products within the Italian market ended successfully, and can meet the increasingly complex and varied needs of the market.

A number of Bitcoin and cryptocurrency holders in Israel have come out to request local banks unveil policies about digital currency accounts. They are seeking for legal action against traditional banking institutions for their snub to open accounts for clients wanting to deposit cash from digital asset sales. The bitcoin holders are now trying to demand the Bank of Israel and other local financial institutions to make their policies about cryptoasset.

Italy is considering starting smart parametric policies with automatic reimbursement based on blockchain, smart contract and distributed technology (DLT). The policies will cover the risks related to bad weather, delayed flights and lost luggage. Catholic University and Reply are developing a solution for the issuance of smart blockchain-based insurance policies.