Blockchain
Ghana’s Vice President Says His Government Aims to Become the First to Be Powered by Blockchain
The Vice President of Ghana, Mahamadu Bawumia, is spearheading his government’s digitalization efforts with blockchain technology. Bawumia envisions a future where Ghana operates as a “blockchain-powered government,” ensuring the integrity of government data and records while combating corruption in the public sector.
In a recent address at the 14th Commonwealth Regional Conference, Bawumia emphasized blockchain’s potential as a tool against corruption, highlighting its tamper-proof nature. He aims to fully digitize government agencies by the year’s end to facilitate this transition effectively.
Drawing inspiration from countries like Estonia, Bawumia aims to integrate Ghana’s databases using the X-Road Integration Infrastructure. This integration will pave the way for the widespread adoption of blockchain technology across government functions, enabling rapid and immutable identification of digital data modifications and device interactions.
Beyond securing records, Bawumia, also the ruling New Patriotic Party’s Presidential candidate, sees blockchain as a key weapon in the fight against corruption. His administration’s ambition is to position Ghana as one of the world’s few blockchain-powered governments and the first in Africa.
Source: news.bitcoin.com
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The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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