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Chinese city seeks to power urban governance and more using blockchain tech

October 29, 2020

Blockchain, China, Decentralization, Government coins 0

30 new blockchain adoption applications will be considered as part of the city’s two-year plan.
Authorities in Chengdu, China plan to adopt blockchain f…

Loan refinancer and BitLicensee SoFi is clear to launch a national bank in the US

October 28, 2020

Banks, Blockchain, FinTech, Government, Law, SoFi coins 0

The new bank will be subject to heightened scrutiny from the OCC for at least three years.
In an announcement on Wednesday, the Office of the Comptrolle…

Bill Hinman, who spearheaded the SEC’s early crypto policies, is leaving the commission

October 27, 2020

Blockchain, Government, ICO, SEC, Securities and Exchange Commission, US government coins 0

Hinman’s commentary on the status of cryptocurrencies and the Howey Test was particularly critical to regulation surrounding ICOs.
On Wednesday, the Sec…

IOTA joins Japanese gov’t on blockchain-based maintenance project

October 27, 2020

AI, Blockchain, Energy, Government, IOTA, Japan, partnerships coins 0

The IOTA blockchain finds a use case in industrial maintenance.
The IOTA Foundation, a non-profit organization behind the IOTA blockchain, is collabora…

Abra CEO’s portfolio is 50% Bitcoin as cash is ‘becoming worthless’

October 26, 2020

Abra, Blockchain, Cash, CBDC, Cryptocurrencies, Fiat Money, Government, Predictions coins 0

Abra’s CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.
The co-founder and CEO of major cryptocurrency company Abra is …

South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

October 23, 2020

Blockchain, Crimes, Cryptocurrencies, Cryptocurrency Exchange, Government, Hackers, North Korea, South Korea coins 0

Can anyone hold North Korea responsible for its attacks on the crypto industry?
There has been a hot political debate underway on who should take respon…

Law Decoded: Government sandboxes, test beds and crypto compromises, Oct. 16-23

October 23, 2020

Blockchain, department of justice, fincen, Government, Investigation, NYDFS, Paxos, PayPal coins 0

These week’s news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress.
A line fro…

Russia doesn’t need to be first with a digital currency, says state expert

October 23, 2020

Blockchain, CBDC, Central Bank, Digital Currency, Federal Reserve, Finance, Government, Russia coins 0

Russia is purportedly taking a fast-second strategy for the digital ruble.
A Russian official argued that the country should have launched research on a…

South Korean telecom launches blockchain wallet for official documents

October 22, 2020

Blockchain, Government, South Korea coins 0

South Korea’s SK Telecom is issuing a blockchain solution for the storage and management of government certificates.
The South Korean telecom giant SK T…

Brazil is prepping an IPO for its state-run digital bank

October 20, 2020

Banking, Banks, Blockchain, Brazil, Central Bank, Digital, Government, IPO coins 0

Brazilian Minister defends IPO of federal digital bank created to aid population during pandemic
Brazil’s Minister of Economy, Paulo Guedes, said during…

Pomp says US digital dollar needs to happen now

October 20, 2020

Blockchain, CBDC, China, Federal Reserve, Government, United States, US government coins 0

The U.S. doesn’t mind coming a bit late to the CBDC party, but is that the wrong approach?
Recent comments from Jerome Powell, the chairman of the U.S. …

Private Vs. State-run digital currencies: which could replace the dollar?

October 19, 2020

Blockchain, Central Bank, Digital Currency, Dollar, Government, Technology, Video coins 0

Author David Birch says a number of digital assets will arise to challenge the dollar as the dominant world currency.
According to David Birch, fintech …

Swiss gov’t starts consultation process for blockchain laws

October 19, 2020

Blockchain, DLT, Government, Law, Switzerland coins 0

The Swiss government will enforce new blockchain laws in less than a year.
Switzerland’s Federal Department of Finance has initiated a consultation proc…

95% of winners in China’s CBDC lottery spent digital yuan prizes

October 19, 2020

Blockchain, CBDC, Central Bank, China, Digital Currency, giveaway, Government, Merchants, Payments, People’s Bank Of China, Rewards coins 0

Some winners purchased additional digital yuan during the pilot.
The vast majority of China’s $1.5 million digital yuan lottery winners have received an…

Bitcoin genesis block is the ‘New Testament’ of finance

October 17, 2020

Banks, Blockchain, Cryptocurrencies, Decentralization, Fiat Money, Gold, Government, inflation, United States coins 0

No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency.
“Fiat lux”, said God, having…

Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16

October 16, 2020

Bank of Russia, Banks, Blockchain, CBDC, Central Bank, ECB, Facebook, Government, Libra, Russia, Stablecoin, US government coins 0

Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both.
Editor’s noteBlockchain technolog…

Germany’s blockchain solution hopes to remedy energy sector limitations

October 16, 2020

Blockchain, Decentralization, Germany, Government coins 0

Germany’s blockchain solution for distributed energy resources puts interoperability to the test.
Distributed energy resources, or DERs, have the pote…

The Bahamas central bank wants to make its digital ‘Sand Dollar’ global

October 15, 2020

Blockchain, CBDC, Central Bank, Digital Currency, Fiat Money, Government, Payments, Wallet coins 0

The Bahamas’ digital currency is currently used domestically.
The Central Bank of The Bahamas, or CBOB, is planning to make its central bank digital cur…

Unqualified investors can buy up to $8K of crypto, says Bank of Russia

October 14, 2020

Bank of Russia, Blockchain, Central Bank, Cryptocurrencies, Government, Investments, Law, Regulation, Russia coins 0

Russia’s central bank wants to limit the amount of cryptos and digital rights acquired by non-professional investors.
The central bank of Russia propose…

Spain’s new bill proposal complicates crypto for citizens

October 13, 2020

Blockchain, Government, Regulation, Spain, Taxes coins 0

Spain’s new anti-tax fraud bill includes crypto implications.
Awaiting parliamentary approval in Spain, a fresh bill draft intends to cut out illegal ta…

Bank of Russia issues consultation paper on digital ruble

October 13, 2020

Bank of Russia, Blockchain, Cash, CBDC, Central Bank, Digital Currency, Fiat Money, Government, Payments, Russia, Transactions coins 0

Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.”
Russian financial authorities have c…

Major P2P crypto platform LocalBitcoins is blocked in Russia

October 13, 2020

Binance, Blockchain, Cryptocurrencies, Government, Law, Localbitcoins, Russia, sites coins 0

LocalBitcoins’ website has been blacklisted in one of its key markets.
LocalBitcoins, a major peer-to-peer cryptocurrency exchange, is no longer availa…

Better regulation needed to stop crypto tax evaders from running wild

October 10, 2020

Blockchain, Cryptocurrencies, G20, Government, IRS, United States, US government coins 0

U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders.
Antivirus software pioneer John McAfee, the …

Digital identity is the future, US congressman Bill Foster says

October 9, 2020

Blockchain, Congress, Digital, Government, United States coins 0

Technology could hold the keys to identity theft protection.
Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Asso…

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Category: Government