Law and Order

Philippine Senator Suggests Putting National Budget On-chain

In brief Senator Bam Aquino called for budget transactions to be recorded on-chain. A formal bill proposing the measure is yet to be filed. Blockchain solutions aren’t “a silver bullet against corruption,” a local blockchain infrastructure firm told Decrypt. Philippine Senator Bam Aquino wants the country’s national budget placed on a blockchain platform, a move…

Business

‘Know Your Issuer’: This Tech Combats Counterfeit Coins, Starting With USDC and PYUSD

In brief Blueprynt’s pilot program for “Know Your Issuer” tapped USDC and PYUSD. The solution is aimed at stifling counterfeit cryptocurrencies. The pilot comes amid new guidance for banks and safeguarding crypto. Bluprynt recently completed a pilot project aimed at stifling counterfeit cryptocurrencies, integrating a “Know Your Issuer” framework into stablecoins from Circle and PayPal,…

Technology

Google Reveals Layer-1 ‘Universal Ledger’ Plans as Circle, Stripe Prep Rival Chains

In brief Rich Widmann, Google Cloud’s head of Web3 strategy, confirmed that the Universal Ledger is a layer-1 blockchain. The system uses Python for smart contracts, diverging from industry standards like Solidity and Rust. Analysts question Google’s neutrality as it competes with Stripe and Circle for institutional blockchain infrastructure. Over five months after Google Cloud…