Dear #MetaHash community members! We bring to your attention the latest and most interesting news from the world of blockchain and cryptocurrency.
Oldest Swiss University Awards Honorary Doctorate to Ethereum Co-Founder Vitalik Buterin
The story:
The Faculty of Business and Economics of Switzerland’s oldest university has awarded Buterin for “outstanding achievements in fields of cryptocurrencies, smart contracts, and the design of institutions.”
Details:
The University of Basel specifically noted Buterin’s “groundbreaking” contribution to promoting the idea of decentralization, as well as “equal participation in the digital revolution.” The faculty emphasized that Buterin “wrote his scientific papers without a degree and commitment to a university.”
Why it is important:
Vitalik’s blockchain achievements change “the rules of the game”. He created the way, where effective cooperation between science and practice takes place.
Huawei Cloud Announces Global Launch of its Blockchain Services
The story:
Huawei Cloud, the cloud services arm of Huawei Global, has announced the launch of its Blockchain Service (BCS).
Details:
The BCS now available to a global audience on Huawei Cloud’s international website.
The service allows global entrepreneurs and developers to create, deploy and manage blockchain applications on Huawei Cloud, at a blistering pace and cheaper cost.
Why it is important:
The company claims that the BCS can be applied in most industries, including the Internet of Things, data applications and finance.
G20 Countries to Regulate Cryptocurrencies in Line with FATF Standards
The story:
The G20 Countries have signed a joint declaration, where it promises to regulate cryptocurrencies and combat its use for money laundering and the financing of terrorism in line with the Financial Action Task Force (FATF) standards.
Details:
FAFT was created by the Organisation for Economic Co-operation and Development (OECD), as a policy-making organization to fight money laundering and the financing of terrorists. The FATF began discussing ways to introduce binding rules that would govern cryptocurrency exchanges globally.
Why it is important:
Because of the digitalization of the world economy, members of the alliance recognized the need to develop an international tax system that would be relevant, as well as resistant to internal and external negative impacts.
