5 news from the crypto world - May 01 | LeoFinance
Eleven South Korean hospitals will use a new blockchain-based healthcare platform after the Eunsung Group closed a memorandum of understanding with blockchain provider MediBloc. The agreement will cause the group's Good Group chain of healthcare facilities to use a solution that will help patients follow the patterns of social distancing related to the coronavirus pandemic, helping to reduce paperwork and face-to-face contact. unnecessary.
Russian media projected an increase in interest in cryptocurrencies. After the announcement by President Vladimir Putin in which he extended the quarantine in Russia until at least May 11 and the fall in oil prices, the Russian population is turning its investments and savings to the purchase of cheap shares of companies and cryptocurrency trading. With a series of holidays approaching in May, banking in the country is expected to slow down and further increase interest in bitcoin and cryptocurrency purchases.
The Chinese city court in Shenzhen ruled that crypto assets are protected by law as legal property with "economic value" and that Chinese citizens are not prohibited from owning or transferring them. According to local sources, Chinese criminal law expanded its definition of "property" (covering both "property" and "property-related interests" in a single term) to include virtual property.
The American economist and former senior policy adviser to the International Monetary Fund, Barry Eichengreen, and Ganesh Viswanath-Natraj, assistant professor of finance at the Warwick Business School, said that due to the relationship between Libra and the Federal Reserve, Libra adopted protocols emergency, similar to what the United States abandoned a century ago. Eichengreen stated that the emergency protections presented in the revised Libra white paper were similar to clearinghouse certificates issued by banking groups in the United States in the 19th century in response to bank runs and financial crises.
The city of Chongqing, in southwest China, launched a blockchain-based cross-border remittance pilot program, with the participation of 21 banks. The pilot is one of the similar initiatives that are being formed throughout the Asian country. Like many of the other projects of this type, the Chongqing Pilot Operators say it has been designed to assist small and medium-sized enterprises involved in foreign trade and eliminate paper documentation requirements. They also explained that it simplifies previously complex and expensive banking and financial processes.
Posted Using LeoFinance