GERMAN POLITICAL PARTY PAYS PEOPLE CRYPTO TO CLEAN ATMOSPHERE


Blockchain is now being used to track and confirm the authenticity of cannabis, and IMF head Christine Lagarde has some thoughts on the future of regulation of cryptocurrency. Let’s start the show.
Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode.
Germany’s Free Democratic Party is looking to pay cryptocurrency to anyone who removes carbon dioxide and other greenhouse gases from the atmosphere.
Marco Buschmann, the first parliamentary director of the Free Democratic Party parliamentary group, said the project sounds technically complex at first, but is actually quite simple. He explained:
“Anyone who withdraws CO2 from the atmosphere will be paid for it. In this way, we want to reward active climate protection and promote inventiveness and innovation.”
Could cryptocurrency help to clean the environment?
PO8, a blockchain company headquartered in the Bahamas, is asking the crypto and blockchain communities to help them bring relief to the victims of Hurricane Dorian.
PO8 has witnessed the devastation firsthand and is asking the crypto and blockchain communities to help rebuild and restore the islands most affected. A recent post on the PO8 website claimed:
“PO8 has pledged 1 billion PO8 tokens to hurricane relief efforts. For every dollar worth of crypto donation, PO8 will match it 100%.”
Could crypto be a big help to people in their time of great need?
Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode.
The Winklevoss twins cryptocurrency exchange Gemini has hired Noah Perlman, who is a former executive at financial services giant Morgan Stanley, and is now set to be the new chief compliance officer of the Gemini exchange. Let’s see if the presence of Mr. Perlman makes positive changes for Gemini.
Blockchain tracking startup TruTrace Technologies Inc. has partnered with the auditing firm Deloitte to track cannabis using blockchain technology. The system employs blockchain technology to track cannabis from seed to sale, in order to guarantee that customers and retailers know the history of the product. With cannabis becoming increasingly accepted morally/socially and now legally across the western world, will products like this become the norm so people know they are getting the product they are after?
The current head of the IMF and the potential next president of the European Central Bank , Christine Lagarde, has said central banks and financial bodies should protect consumers but be open to innovations such as cryptocurrencies.
”In the case of new technologies – including digital currencies – that means being alert to risks in terms of financial stability, privacy or criminal activities, and ensuring appropriate regulation is in place to steer technology towards the public good. But it also means recognising the wider social benefits from innovation and allowing them space to develop.”
With many countries across the planet working on their own form of digital currency, are we witnessing a grand change the world over, or are we just seeing a shift from the world of Fiat to digital currencies, still controlled by governments and their respective central banks?
Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.

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