Political and Law news

Political attitude and new laws about using cryptocurrency and Blockchain technology

Jan 04, 2020 at 08:50
Venezuela Ready to Sell Oil and Gas for Petro Cryptocurrency
President Nicolás Maduro, states that, from 2020, oil will be sold for Petros, the cryptocurrency developed by the Venezuelan government. He assured that this year the country's oil production will be sold in their own oil-backed stablecoin.
Dec 30, 2019 at 09:16
Bahamas Set to Launch its own Cryptocurrency, the Sand Dollar
According to the latest reports from the Bahamian government, the country's central bank has moved to launch the country's first bank controlled digital currency. The digital currency dubbed the Sand dollar will be distributed and controlled by the Central bank itself.
Dec 27, 2019 at 11:10
Russia Admits Cryptocurrency can Be Used for Bribes
The Russian Supreme Court has made it clear that “digital rights,” which is a term used to mean coins and tokens in the country’s law, can be used to facilitate illegal activities such as bribes, in the same way as fiat currency, property and other valuable assets are.
Dec 24, 2019 at 08:53
US SEC Suspends Verdict on Bitcoin ETF Application until January 2020
The US Securities and Exchange Commission (SEC) has suspended the Wilshire Phoenix’s Bitcoin exchange-traded fund (ETF) proposal. As per the official document issued by the SEC, they have decided to go forward with setting the proposal under further review. By Feb 26, next year, the commission will make a final decision on whether to allow or not to allow BTC ETF and also ascertain their status.
Dec 21, 2019 at 10:26
Iran President Calls for Stronger Muslim Economic Collaboration to Fight US 'Hegemony'
The President of Iran, Hassan Rouhani, advised Muslim countries to embrace financial and economic cooperation to battle the “U.S. hegemony” and he used this platform to criticize sanctions imposed on his nation by America.
Dec 17, 2019 at 09:28
SEC Charges $42 Mln ICO with Trading Unlicensed Securities
In the due course of searching for fake initial coin offerings (ICO), the United States Securities and Exchange Commission (US SEC), the authority in charge of monitoring and regulating electronic securities, has managed to charge another blockchain and distributed ledger tech (DLT) initiative with cheating a massive number of investors, to collect around $42 million.
Dec 03, 2019 at 10:43
Central Bank of Russia to Ban Bitcoin and Cryptocurrency
Last week on Friday, the Central Bank of the Russian Federation made a negative statement against Bitcoin (BTC) and other cryptocurrencies, stating that their fiat currency known as the ruble should be the country’s only legal tender instrument.
Nov 25, 2019 at 10:34
The Rules and Future Scenarios of Cryptocurrencies, Tax Treatment in Italy
The rules and conditions regulate cryptocurrencies including Bitcoin in Italy, to define the correct approach with which to deal with the taxation and accounting of these tokens. The present situation provides the opportunity to reflect on their future.
Nov 23, 2019 at 11:12
Venezuela Plans to Use Oil Available in Tanks to Back Petro Cryptocurrency
On Wednesday, President of Venezuela Nicolas Maduro revealed that 30 million barrels worth of oil placed in storage tanks is going to work as the backing for the OPEC nation’s government-owned digital asset known as Petro, that has been going through tougher times including being sanctioned by the U.S government under the leadership of President Donald Trump.
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