Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director of engineering, is attempting to negotiate a deal with New York prosecutors. Sources…
Read more
As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants. Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country’s BTC acquisitions. However, ALAC El Salvador — a non-governmental…
Read more
The First Information Report (FIR) launched on Polygon allows the citizens of Firozabad to register complaints against the police without worry of it being dismissed or manipulated. The 2.8 million citizens of India’s Firozabad district may now be able to sleep a little tighter, after the launch of a new police complaint portal that uses…
Read more
A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials Declare Crypto Assets, Fail to Provide Proof…
Read more
The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency,…
Read more
According to reports stemming from the Salvadoran Court of Accounts, the regulatory body is planning to investigate the government’s bitcoin automated teller machine (ATM) purchases and Chivo kiosk construction. The investigation follows the recent protest in El Salvador against the adoption of bitcoin as the crowd set fire to a bitcoin ATM. Human Rights Group…
Read more
Some Russian public officials have to disclose their crypto holdings, while other officials are obliged to hold zero crypto by April 1, according to a new law. Russia adopted its cryptocurrency law in January, but this legislation does not provide a direct answer to some questions, including how local officials should deal with their crypto…
Read more
Blockchain can reportedly return billions of dollars back to Kenya’s budget. Blockchain technology can help countries like Kenya from losing billions of dollars to corruption, according to an official at the United Nations’ drugs and crime agency. David Robinson, the regional anti-corruption advisor at the UN’s Office on Drugs and Crime, believes that new technologies…
Read more
Emerging technologies are essential to fasten SDGs, but this shouldn’t come at the expense of prudence and careful evaluation. When the Sustainable Development Goals, or SDGs, were conceived back in 2012, blockchain technology was in its early days. Few could have foreseen the trajectory and the potential of blockchain for advancing these ambitious targets. But…
Read more
In a world where all public records are stored on an immutable ledger, it would be difficult to be a corrupt government official. Some of the main functions of government institutions include redistribution of resources and maintaining official records. These are precisely the domains where blockchain technology — with its focus on facilitating secure, traceable…
Read more
