Blockchain Daily Digest – November 5th, 2019

1.       Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance

After some three years of work, Liechtenstein has introduced what some have described as the world’s first blockchain business law (the Lichtenstein Token and Trusted Technologies Law’) which will go into effect in January 2020. 

2.       Canadian Crypto Exchange Shuts Down to Protect Customers

In Vancouver, Canada, another cryptocurrency exchange has closed down. This is not the first Canadian based Exchange to encounter problems, with some users losing everything last year when another exchange lost access to private keys.

3.       China Updates Smart City Infrastructure with Blockchain-Based City Identification System

Since President Xi Jinping’s call for an acceleration of blockchain development in China, the Middle Kingdom has not taken a backward step in the technology’s integration.

4.       China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute, has signed an agreement with multinational telecommunications giant Huawei. 

5.       South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

Innovation has become decentralized globally, with several countries making significant progress while others have struggled with infrastructure and macroeconomic issues.

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