Video Digest, May 2: Iran to Create Cryptocurrency, Mastercard to Sync Blockchain, Abu Dhabi Suggests New Regulatory Framework, Venezuela Licensed 16 Crypto Exchanges

Burning topics of today: Iran to Create Its Own Cryptocurrency, Mastercard to Sync Blockchain Data by a Fast Track Method, Abu Dhabi Suggests New Regulatory Framework for Cryptocurrency Exchanges, and Venezuela Licensed 16 Crypto Exchanges

Iran Plans to Create Its Own Digital Currency

Iran is set to establish its own cryptocurrency based on the newest financial technology called blockchain. The experimental model has already been created and will go live soon. The project is aimed at facilitating the speed of transactions on the country’s financial market.

16 Cryptocurrency Exchanges have Obtained a License in Venezuela

The President of Venezuela, Nicolas Maduro has approved the intention to certify 16 exchange platforms for virtual coins, including blockchain-based bitcoin. Maduro considers the move as one that will help the Petro to enter the world’s cryptocurrency market. 

Mastercard to Sync Blockchain Data by a Fast Track Method

The U.S. Patent and trademark Office published a patent application and in this application, the company outlines a way by which nodes can pair with and substantiate the contents of a specific blockchain and this great idea is to increase the speed at which the nodes can be always up-to-date.

Abu Dhabi Suggests New Regulatory Framework for Crypto Asset Markets

The Abu Dhabi Global Market Financial Services Regulatory Authority has newly forthput a legislative framework that includes new rules governing cryptocurrency exchanges. The UAE-based financial institution claims its proposed regulation that was termed as 'Spot Crypto Asset Framework," that will make it possible to address the new risks posed by cryptocurrency trading.