Both of these crypto advanced countries decided to share their experience on how to regulate the blockchain industry.
The Minister of Finance of Switzerland, Ueli Maurer and the Secretary of State for International Financial Matters Joerg Gasser, reportedly visited Israel and requested access to the local markets for the Swiss banks.
Gasser said that by the end of 2018 he is working on a plan to create a way to regulate the blockchain technology for the Israeli officials that would also give broad recommendations. He also hopes that these plans will be approved by the Israeli officials in 2019. There is still no information from the Israeli officials. The Ministry of Finance also said that both of these countries agreed to share some notes on fintech regulation and some guidelines on preventing crypto money laundering.
Israel is working on a number of projects that use the blockchain technology. An international tax attorney reviewed local blockchain initiatives as open government platforms for future elections and also a possibility for a future national cryptocurrency. On the other hand, Switzerland is working on further legislation to integrate blockchain projects in everyday life. The country also opened its first Crypto Valley where many different blockchain ideas and solutions are developing constantly.
Switzerland also promotes blockchain startups. There was the first bank in the country opened to provide accounts for business companies. A lot of Swiss banks also opened up their businesses to crypto-related companies since. In July, the first blockchain-based voting was held in Zug to evaluate whether this technology can be used for other ways of governance.
Binance Enables Australian Users To Buy BTC At 1,300 Newsstands
‘’Binance Lite is a simple site for users to easily buy bitcoin with cash at physical store fronts. This model makes it really easy to bring new users into crypto, starting with Australia, where the government has taken proactive steps to support the blockchain industry. Users won’t have to open complicated online accounts to start using the service.’’The crypto market in Australia was a little behind than other markets in the world such as South Korea or Singapore because the banks didn’t support the crypto businesses in Australia. Back in 2017, during the strongest crypto rally, reports show that the larger Australian banks closed the accounts on multiple crypto investors. However, starting last year, the government of Australia began its proactive approach in regulating the crypto space and the blockchain industry so the investors are now hopeful that they could improve the market in the long run. Zhou also said that more than $5 billion in crypto was traded in crypto in 2018 in Australia and that since then the government is funding blockchain startups and companies by issuing bonds on the blockchain. The government has also started to accept crypto on airports such as the airport in Brisbane and even held a voting trial on the blockchain. He finished his interview by saying:
“Binance Lite also completes a comprehensive value chain for the Binance ecosystem in Australia. For example, users can show their friends how to buy bitcoin from Binance Lite stores, immediately load it up onto Trust Wallet on their phones, and go on to spend this bitcoin in shops accepting bitcoin payments through TravelbyBit, the payments startup Binance invested in last year.’’
Binance: Australians Can Now Buy Bitcoin With Cash From 1,300+ High-Street Stores
“Binance Lite Australia further expands digital currency adoption by providing easier ways to buy bitcoin. We are excited to continue to roll out more fiat to crypto gateways around the world to support the growth of our industry. We firmly believe that more adoption will lead to more innovation and more economic opportunities.”The account verification will occur on www.binancelite.com - and after that - users can deposit cash at the nearest Newsagent stores to receive crypto within minutes. Binance Lite Australia was designed as simple and easy to use and it sstate-of-the-art order processing technology guarantees maximum safety. Binance recently integrated the credit card payments on Binance.com and launched the fiat-to-cryptocurrency exchange (January 2019) with zero deposit fees - becoming one of the lowest priced exchanges for trading with Euros, British pounds and BTC and ETH. The fiat gateways also included the Binance Uganda, another exchange which supports the trading of Ugandan Shillings for cryptocurrency.
“Australia has been at the forefront of blockchain innovation, and we hope Binance Lite Australia can play a role to help further this cause,” Zhou concluded.
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