News Digest: Floating crypto city in Polynesia, Universities offering crypto courses… News Digest: Floating crypto city in Polynesia, Universities offering crypto courses, CryptoValley, South Korea regulating exchanges

9th of July 2018, read the highlights of the latest cryptocurrency and blockchain news.

Staying up to date with all the latest crypto news can be overwhelming. Screening through Reddit’s home page, Twitter’s feed and keeping up with your favorite Youtuber can be tiresome. Just sit back with a cup of coffee, we’re here to digest some of the top crypto news of the week for you.

Floating city in Polynesia to launch their own government and cryptocurrency

Ten years ago Peter Thiel, a famous tech billionaire co-founded a non-profit organization called the Seasteading Institute to invest into a venture to create the biggest city on a seaborne platform. In May 2018, they signed an agreement with the French Polynesian government to begin the construction phase. They plan to build 300 houses and to create their own government with their own cryptocurrency called Varyon. The construction of the world’s first floating city will be finished by 2022.

Ready to move to Polynesia and to live in a floating city?

Universities Offer Crypto Courses

Blockchain and cryptocurrencies are a hot new topic. Universities across the world are trying to keep up with this new industry and are launching new programs to satisfy the growing demand. As such, five universities from Spain, Argentina and Venezuela are now offering crypto courses. Topics range from cryptocurrencies to smart contracts.

Interested? Will you sign up for the next semester?

Crypto Valley testing blockchain based voting system

The Swiss town of Zug, also known as the “Crypto Valley”, has successfully tested its own blockchain-based voting system. The small-scale vote, which this time acted as more of a consultative approach and is non-binding for the town’s authorities, is part of Zug’s broader policy to embrace the blockchain technology and implement it across a variety of public sectors and industries.

Would you vote using a blockchain system?

South Korea regulating cryptocurrency exchanges

South Korea’s government has officially recognized cryptocurrency exchanges as regulated financial institutions and banks. This is a significant milestone for the cryptocurrency sector, as it enables large-scale trading with support from local authorities. This regulatory framework will require cryptocurrency exchanges to comply with strict Know-Your-Customer (KYC) rules, Anti-Money Laundering (AML) regulations, as well as customer verification policies. By choosing to regulate cryptocurrency exchanges, South Korean authorities are legitimizing the cryptocurrency market.

What are your thoughts about exchanges getting regulated?

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Author: Eléonore Blanc