Tag: Government

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South Korean City Opens Public Services to Blockchain-Based ID App

South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug. Busan, the second-largest city in South Korea, has launched an identification app that uses a public blockchain to verify citizen information. The app was developed by Coinplug, a Korean startup working within the regulatory sandbox…
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US Pentagon Created a War Game to Fight the Establishment with BTC

Documents reveal the Pentagon created a war game in which players were rewarded in Bitcoin for taking down financial institutions. In the midst of ongoing protests across the United States, some turned violent by police brutality, one publication has uncovered information on a Pentagon war game created in 2018 that has an uncanny resemblance to…
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Decentralization: Preserving Personal Privacy While Fighting COVID-19

Decentralized technologies can help to avoid jeopardizing citizens’ private data in the name of public health during the global pandemics. In an effort to keep citizens safe, state authorities have rapidly implemented various emergency plans to curb the spread of COVID-19. In South Korea, the movements of infected citizens are being broadcasted via public text…
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Gibraltar Financial Watchdog Issues Warnings for Four Crypto Sites

The Gibraltar Financial Services Commission has warned the public about four crypto sites that are not regulated by the country. On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory. According to the authorities, www.askcurrency.org, www.findcurrency.org,…
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This Chinese City Is Launching a Blockchain Notary Program

Suzhou wants to implement a blockchain-based pilot program to use real-time notarial tracing functions across the country. Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China. According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to…
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The Code Is Key: Solutions for Overcoming DeFi Security Breaches

The DeFi sector can embrace a positive future by following comprehensive security audits and by ensuring best practice in due diligence and quality assurance. Decentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance solutions…
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Law Decoded: Of Street Marches and Market Manipulators, May 30–June 5

As protests rage throughout the United States, this week’s biggest moves in crypto law were behind the scenes. Cointelegraph’s weekly newsletter on the latest in law, policy and regulation for the crypto and fintech industry.  Editor’s note A lockdown spring is giving way to a protest summer in the U.S., and this will be an…
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Blockchain Voting Will Determine Vladimir Putin’s Presidential Fate

Moscow citizens will be able to vote on Vladimir Putin’s Constitutional amendments via a blockchain-powered system. Russia’s upcoming e-voting on the Constitutional amendments will be implemented using blockchain technology. Moscow citizens will be able to cast their votes on Vladimir Putin’s Constitutional amendments online via blockchain-powered e-voting. As announced on the Moscow government’s official website,…
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‘Bitcoin and Black America’ Author: Protest by Buying BTC

Author Isaiah Jackson says Bitcoin can be an effective protest against financial institutions for those who can’t take to the streets. Bitcoin & Black America author Isaiah Jackson says that people invoking Bitcoin during the protests over the police killing of George Floyd have identified the “real enemy” — a legacy financial system that shuts…
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Fed Chair Teases Use of Ethereum-Based Interest Reference Rates

U.S. Fed Chair Jerome Powell said an Ethereum-based interest reference rate works, but maybe not for everyone. In a May 28 letter to Senator Tom Cotton (R-AR), Jerome Powell, Chairman of the U.S. Federal Reserve, described an interest reference rate based on the Ethereum blockchain, called Ameribor, as effective for some, but not all.  Ameribor…
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