Tag: Government

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BTC Payments Reportedly Now Disabled for Venezuelan Passport Purchases

Bitcoin’s payments for Venezuelan passport applications disabled “temporarily” without official explanation. Venezuela’s Administrative Service for Identification, Migration, and Foreigners, known as SAIME, recently began to accept Bitcoin (BTC) for passport applications from Venezuelan citizens living abroad. As of today, however, officials have disabled the new payment method without explanation. People have reported through social media…
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Former US Treasury Head Calls Payment ‘Friction’ the Best Argument for Crypto

Clinton-era Treasury Secretary Summers doesn’t buy some of the crypto community’s anarchic sentiments but agrees that they are solving a major problem. In a June 25 interview with Circle’s Jeremy Allaire, former Treasury Secretary Lawrence H. Summers talked about crypto’s ability to patch up the modern financial system, particularly calling out the great difficulty in…
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Today’s Shifting Gears Driving Tomorrow’s Mass Crypto Adoption

Three major shifts will lead to crypto and blockchain adoption worldwide, and they have already started reshaping our world. There’s a revolution happening. We’re moving toward a world with a massive reduction in trust in centralized institutions and ways of doing things. There are several concurrent shifts happening right now, including a shift away from…
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One Step Forward and One Step Back: Why Is Russia’s Crypto Regulation Treading Water?

Some Russian regulators propose a blanket ban on digital asset trading, but the country is too far along the path of crypto adoption. Russia has long been home to a vibrant crypto retail market, yet the nation’s regulation of digital assets still lags behind. As a spate of stakeholders and disparate regulatory authorities struggles to figure…
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Blockchains Are an Excellent Solution for Privacy, Part 2

The second part of a series of articles on the advantages and challenges in the usage of blockchain technology for collecting and sharing information, without violating users’ privacy. From a technical viewpoint, blockchain is a growing records list that is cryptographically tied to and managed by a peer-to-peer network. At the same time, they join…
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United States in Distress: Changemakers Needed Now

The world’s leading technological and economic country is significantly outdated on two major levels requiring dramatic changes: government and politicians. As with most of the globetrotting crypto and blockchain set, I find myself grounded. Me, in my Manhattan apartment for the past several months, watching the COVID-19 pandemic grow out of control while systems break…
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Blockchains Are an Excellent Solution for Privacy, Part 1

The first part of a series of articles on the advantages and challenges in the usage of blockchain technology for collecting and sharing information, without violating users’ privacy. Several data violations, like the Cambridge Analytica scandal, have brought forth questions regarding how companies and governments should deal with the data entrusted to them, and they…
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Singapore to Explore Central Bank Digital Currency With China

Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies. Singapore’s central bank and financial regulatory authority is looking to cooperate with China in the field of central bank digital money. Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, has voiced the country’s readiness…
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SEC Halts Crypto Scam, Alleging Two Brothers Stole Millions From Investors

The U.S. SEC freezes assets of several alleged crypto scams run by Hvizdzaks brothers. The United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors. According to a SEC’s announcement on June 19, the authority has been granted a temporary restraining order and asset…
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Austrian Gov’t Pilot Aims to Secure COVID-19 Communications With Blockchain Tech

A-Trust’s QualiSig project has received 60,000 euros of Austrian government funding to provide secure crisis communications between authorities and citizens. The Austrian government has backed a new blockchain-based research project, aiming to provide secure communication channels between authorities, institutions and citizens in times of crisis. As announced June 18, the QualiSig project, launched by Austrian…
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