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The US moves accelerate the cryptic thrust of the Iranian state: US sanctions have hindered Iran's international import and export payments, its personal banking network and have seen it exclude from the interbank SWIFT messaging system. These moves, which have long been ongoing, have led to the growing development of the country's blockchain ecosystem, with the two cryptocurrencies supported by the state now being worked on, one by the Central Bank of Iran and the other from the Country Information and Ministry of Communications technology and blockchain technology pacts with Armenia and Russia. At the beginning of this year, the government prevented banks from negotiating in criptos in an attempt to block out-of-country reserves when US sanctions came into effect.
Thailand pioneers blockchain payment platform VAT: Thailand's revenue department is using a distributed ledger to track value added tax (VAT) payments and the platform is reportedly the first time the blockchain has been used in this way. The technology will be used to help review complaints and VAT invoices and identify incidents of VAT fraud. The country has also started using the blockchain to capture tax evaders.
Chinese crypt ministers forced to sell Bitcoin shortly: China is home to the world's most important cryptocurrent miners and some of them have started selling Bitcoin shortly to amortize themselves against falling prices and "protecting themselves from unbearable market conditions". They say they are also buying second-hand mining equipment that end up being sold as scrap and are taking such actions, said a miner, in "self-defense" because if they did not, they would be "completely eliminated".
EU countries sign the blockchain pact: Malta, France, Italy, Cyprus, Portugal, Spain and Greece signed a joint declaration on cooperation on blockchain technology. A meeting of EU transport ministers agreed to cooperate on areas such as education, transport, mobility, shipping, land and business registration, customs and health care. Malta, in particular, has been on the global blockchain radar since Binance, the world's largest cryptocurrency swap, has left Asia to create its headquarters on the small Mediterranean island.
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