Government – Page 64

Exchanges outdo auctions for governments cashing in criminal crypto, says exec

November 28, 2020

Governments are increasingly liquidating crypto assets seized in criminal investigations. Earlier this week, Lithuania’s tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations. The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the…
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Iota teams up with Austrian uni for Internet of Things and blockchain research lab

November 27, 2020

The Iota Foundation is teaming up with one of Austria’s most prestigious universities to foster research in distributed ledger technologies. The Iota Foundation, the non-profit organization behind Iota, Iota Tangle and Miota, announced they will be joining Austria’s newest Christian Doppler Laboratory, or CDL, as an industrial partner. The first of its kind, the laboratory is…
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Australian government embraces blockchain with new trial and public servants’ network

November 26, 2020

Following the launch of a nationwide APS blockchain network for federal, state, and local staff, Australia has launched an international blockchain trial with Singapore. The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts. It follows hot on the…
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Biden considering Gary Gensler for Deputy Treasury Secretary

November 26, 2020

The former CFTC chairman is currently working as a financial advisor for the Biden-Harris transition team. With 55 days until his inauguration as President of the United States, Joe Biden is reportedly considering the former chairman of the Commodity Futures Trading Commission for a permanent position in his administration. According to a Nov. 25 report…
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Blockchain-based voting systems have potential despite security concerns

November 24, 2020

Experts explain why blockchain-based systems are still more efficient then paper ballots or online voting systems The 2020 United States presidential election was met with an increase in mail-in ballots due to COVID-19 concerns. Yet while many Americans stayed away from polling stations this year, postal delays, rejected ballots, and other challenges emerged. Unsurprisingly, better ways…
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Russia’s Gazprombank debuts Bitcoin trading in Switzerland

November 23, 2020

The Switzerland-based branch of a major Russian bank has also joined OpenVASP. Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators. According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running…
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How has the COVID-19 pandemic affected the crypto space? Experts answer

November 22, 2020

Experts in blockchain technology and crypto take on the question: What impact has the COVID-19 outbreak had on the industry? Who could have imagined a year ago how different our lives would be in just 12 months? Without any doubt, last November will remain a significant point in humanity’s history — the time when it…
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The long arm of justice: How far can the DoJ really go in prosecuting foreign actors?

November 22, 2020

DoJ is now determined to hold the crypto industry to cross-border enforcement standards that have long applied to other sectors of finance. In early October, the U.S. Department of Justice revealed its Cryptocurrency Enforcement Framework, a report laying bare the government’s vision for emerging threats and enforcement strategies in the cryptocurrency space. The document is…
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US regulator wants to stop banks from blacklisting legal businesses, crypto included

November 21, 2020

New rule-making aims to stop “creeping politicization of the banking industry,” says OCC head. Per an announcement on Friday, the Office of the Comptroller of the Currency, or OCC, is looking for public comments on rule-making that would stop banks from denying services to businesses based on sector. In the words of Comptroller Brian Brooks,…
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IMF lawyers argue that central banks need reform before they can issue CBDCs

November 21, 2020

New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies. On Friday, the International Monetary Fund published a new working paper on central bank digital currencies, or CBDCs, and their legal ramifications. In the paper, researchers including IMF legal counsel Wouter Bossu…
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Tag: Government