Indian Finance Minister Arun Jaitley has expressed support for blockchain technology to digitize the country’s economy. Image from Noppasin Wongchum.
India Government Exploring Blockchain Technology to Build Digital Economy
While India’s 2018 government budget plan has reiterated its stance against cryptocurrency as legal tender, Finance Minister Arun Jaitley has expressed support for the underlying technology, blockchain. According to the Economic Times, Jaitley has claimed the Indian government is exploring blockchain technology to build a digital economy. The government is exploring other emerging technologies — such as artificial intelligence (AI), internet of things (IoT), and 3D printing.
Canadian Regulators Approve First Blockchain-Based ETFs for the Toronto Stock Exchange
Canadian regulators have approved Blockchain-based ETF from Harvest Portfolios — a first in the country. According to the Coin Telegraph, the fund (ticker symbol HBLK) is focused on both large and small-scale Blockchain corporations. The ETFs will begin trading on the Toronto Stock Exchange next week.
Moonlite Project Building a Green Energy-Powered Cryptocurrency Mining Data Center in Iceland
The Moonlite Project announced that is building a green energy-powered data center in Iceland that will be used for industrial-scale cryptocurrency mining. According to Digital Trends, the company hopes to take advantage of Iceland’s naturally cool climate to reduce or eliminate the need for a cooling infrastructure. Construction of the data center will begin in April 2018 and it will open in August 2018.
Source: ICO Alert