“We don't see the Crypto Fund so much as being crypto,” says Lomazzo, speaking from the UNICEF office of innovation in New York. Lomazzo and Hydary test the Crypto Fund work flow using a test version of ethereum and their United Nations offices in New York. It is in these national committees where one of the most interesting aspects of the Crypto Fund comes into play. The United Nations is on what’s called international territory, meaning government laws and regulations don’t apply in United Nations Plaza on the East Side of Midtown Manhattan in quite the same way they do elsewhere. It's almost a cut and paste.”“This obviously starts with the crypto fund,” Lomazzo added.

Source: Forbes October 09, 2019 01:12 UTC