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New Jersey Gets Closer to Introduce a Crypto Licensing Framework With a New Senate Bill

New Jersey has moved a step closer to introducing a digital currency license at the state level as it has issued a new Senate Bill that focuses on crypto assets and blockchain technology. “Digital Asset and Blockchain Technology Act” Known as Digital Asset and Blockchain Technology Act”, this Senate Bill 3132 was issued on the fifth of November by New Jersey. New Jersey’s 35th Legislative District’s Democratic Party senator was the one who sponsored this bill. As per the new bill, it is necessary for a person to be licensed by the department in the state in order to operate…

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The Bank of Korea to move the country’s financial system to blockchain by acquiring Bank sign

According to The News Asia, the Bank of Korea (BOK) is using blockchain technology in its banking sector also in order to commercialize the infrastructure. It has acquired Bank Sign for this purpose. It will help in transferring the financial services to a more organized structural framework. It will also help in making everything one step away with digital services. People will trust more the authentication and transparency of the system and will be able to invest in blockchain technology. Bank Sign is a blockchain-based co-verification system that allows authenticated data to transfer among banks and financial institutions. Bank sign…

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