Even against the backdrop of a falling total market capitalization, the crypto industry is bubbling with new ideas and projects! Let’s look at the recent highlights.

US: Florida Plans to Introduce Position of Crypto Chief to Oversee Industry

According to an announcement published on June 26, Florida CFO Jimmy Patronis plans to create a position of cryptocurrency chief to control state industry. It is revealed that the new position is supposed to supervise the application of existing insurance and security laws to ICOs and cryptocurrencies.

Facebook Eases Ban on Crypto-Related Ads

Social Media giant Facebook has revised its policy regarding cryptocurrency-related ads which were outright banned back in January 2018 following a string of fraudulent schemes trapping the platform’s users. Rob Leathern, Facebook’s Product Management Director, mentions that the company has developed a “cryptocurrency products and services onboarding request” form which will allow some crypto-related companies to feature their ads on the platform. However, advertisements for ICOs and binary options remain prohibited on Facebook.

Amsterdam Airport’s Bitcoin ATM Allows Crypto-to-Fiat Transactions for Travellers

A Bitcoin ATM has been installed in Amsterdam Airport Schiphol to allow travellers to exchange Euros for BTC/ETH (or vice versa). The maximum amount for a single exchange is set at €100. The obtained digital currencies are deposited directly into the user’s crypto wallet. The crypto integration is made possible through a partnership with ByeleX Data Solutions BV and is supposed to improve user experience for international travellers.

Interest in Crypto to Double Soon, Survey Reveals

A study carried out by research company Ipsos for ING Bank B.V. has revealed that the amount of interest in cryptocurrencies across Europe, Australia and the USA is likely to double in the near future. The research is conducted several times a year, the largest one so far having taken place between March 26 and April 6, 2018. About 15000 respondents from 15 countries were surveyed on their awareness of crypto and other related issues, such as risk perception.

The Bahamas’ Central Bank Plans to Introduce a Cryptocurrency

The Bahamas has joined the ranks of countries looking to experiment with central bank digital currencies (CBCD). K. Peter Turnquest, the Bahamas’ Deputy Prime Minister and Minister of Finance, announced the country’s plans to introduce a digital currency at the recent “The Bahamas Blockchain and Cryptocurrency Conference”. Issued by the Central Bank of The Bahamas, the cryptocurrency is supposed to assist in banking the currently anbanked part of the country’s population.