New cryptocurrency to become a gift for the Royal Wedding

Royal Coin, a new cryptocurrency created just for the instance, to become a gift for the Royal couple on their wedding day
09 April 2018   329

The Royal Wedding is a hot topic for the news outlets across the UK. And as usual there will be gifts to the royal couple. One of them will be a little unusual, but very much in line with hyped trends of nowadays.

Royal Coin, a brand-new digital currency, will be gifted to Prince Harry and Megan Markle on May 19th. British Monarchist Society and Foundation, and organization which aims to support and promote British traditions and heritage, endorsed the new coin together with ICO Rocket who advertised the ICO.

The main goal of a new digital currency is to be not only a gift to the couple, but also provide support to the charities of royal couple's choice and to help fund a unique “Royal Wedding edition” of the Crown and Country Magazine.

CEO of ICO Rocket Shahar Namer elaborated, that the Royal Coin “was born out of goal of engaging people to be a part of Royal Wedding in an entirely new and modern way” and that it has a point of supporting three good causes as a gift to the royal couple.

British Royal Weddings are always a widely celebrated and broadcast events for a whole country, so people naturally flock towards such projects to express their interest and participate in a gift to the newlyweds.

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.