Inshorts

India Collects Signatures for Bitcoin's Legalization
April 3,
2017
Chinese Interference Results in Bitcoin Price Explosion

Chinese government impacts the price of bitcoin. Such a conclusion was made by Julia Lee, an analyst from Bell Direct broking company, at ASX Investor day that took place in Sydney on the twenty-eighth of March. It was noted that China is trying hold up the outflow of capital from the country what results in spikes of bitcoin price. She presumed that bitcoin is becoming an alternative for investors. But in her opinion, it will hardly replace fiat money. Additionally, she commented that governments of many countries are apprehensive about cryptocurrencies because they cannot entirely control them. 

Blockchain Platform for Financial Trading

Hong Kong became closer to FinTech leadership. The Hong Kong Monetary Authority introduced a blockchain platform for the financial trading industry. The initiative was supported by the audit company Deloitte and five largest banks in the region. The objective of the project is to increase productivity and efficiency in the sphere of financial trade, and also reduce the risk of fraud. Joshua Kroeker, senior product manager at HSBC bank noted: «This development puts Hong Kong at the heart of a global effort to digitize trade, making it easier, faster and cheaper for businesses».

New York Will Host Intensive FinTech Courses

Seminar on blockchain technology. Blockchain Technology and Digital Currency National Institute will be held in New York University School of Law on the tenth of April. This event is dedicated to thorough analysis of new legal points and interaction between legislation and digital currencies. Beside innovations of blockchain technology and mechanism of its operation, the seminar will cover such topics as new issues of intellectual properties and application of law. Michael LEmpres, General Counsel of Coinbase, Valerie SzczepAnik, Head of SEC’S Distributed Ledger Technology Working Group and NEha NarUla, Research director at Digital Currency Initiative at the Massachusetts Institute of Technology will give speeches on this event.

New Development from Deloitte

New development on Emercoin's blockchain. An innovative electronic document management solution called DocSensus was presented by the audit company Deloitte at the BlockchainUA conference on March 17 in Kyiv. The project was developed on the Emercoin's blockchain and can protect documents from unauthorized changes, fakes and losses. Dmitry Pavlenko, director of the Tax and Legal Department of Deloitte commented: “At present, we are ready to discuss and test solutions with our customers who work with a large volume of important paper documents”.

India Collects Signatures for Bitcoin's Legalization

Bitcoin community of India encourages government to legalize cryptocurrency. The Indian Foundation Digital Asset and Blockchain filed a petition to recognize the legality of bitcoin and other cryptocurrencies in the country. Collection of signatures against the backdrop of a resonance in media about bitcoin's illegality. The petition is addressed to the leadership of the Ministry of Finance and the Central Bank of India. The application has already been signed by more than 6 thousand people, however, the government needs at least 100,000 signatures to consider the petition. 


Disclaimer. This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

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