Ethereum has been previously used to create proofs of concepts for smart grids, but now EVA Energy is teaming up with an Ethereum-based blockchain company to allow customers to pay their bills in Ether.
The disintegration of the Venezuelan economy has created a humanitarian crisis for the people living there. While the rest of the world toys with cryptocurrencies and what they mean, for Venezuelans, the theoretical part is over.
The National Bank of the Republic of Belarus has announced it will integrate blockchain technology into its securities markets and make its use available to a number of other banking and non-banking entities.
Governor of the Austrian Central Bank Ewald Nowotny warned users about the speculative nature of virtual currency. Nowotny also serves as a member of the governing council of the European Central Bank (ECB).
During a public hearing held in South Korea’s National Assembly, a diverse group of panelists called upon regulators to bolster the nation’s legal framework for cryptocurrency. Participants raised concerns about the absence of consumer protection laws and potential tax treatments of virtual currency.
As reported, as many as 40 FinTech firms are expected to offer international money transfer services beginning August 15. In addition to reducing commission fees, these services may also diminish premiums in the South Korean cryptocurrency market.