Political and Law news

Political attitude and new laws about using cryptocurrency and Blockchain technology

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.
Nov 07, 2019 at 08:35
UK’s Tax Authority Rejects Recognizing Bitcoin as Money
The emergence of new forms of money, including bitcoin and other digital currencies, has been embraced by various groups of people, businesses and governments across the world and this has triggered global financial regulatory watchdogs to start formulating and amending their rules and regulations concerning cryptocurrencies.
Oct 28, 2019 at 14:10
G7 Leaders Want to Learn More About Bitcoin
Leaders from the seven most powerful world economies want to fully explore Bitcoin to its maximum potential. The G7 recently released a report on cryptocurrency investigating the effects of global stable coins. The G7 which includes the US, UK, Germany, Italy, Japan, France, and Canada also has leading hubs for cryptocurrency and blockchain projects.
Oct 07, 2019 at 11:00
India Plans to Build Transparent Contracts Using Blockchain
The Indian government is planning to develop effective contracts using innovative technologies including blockchain. Agreement implementation is a main engine of an economy where all financial dealings such as transactions, are principally agreements among the participants, such as companies, governments, organizations, etc.
Sep 29, 2019 at 12:09
Sicilia Approves Traceability of Agrifood Using Blockchain
The traceability of food products through blockchain has become law in Sicily. The Sicilian Regional Assembly, an autonomous entity and a legislative body of Sicily established before the Italian Republic, approved the proposal on Sept. 25, inserted with an amendment to the linked to the financial contained in the text of the law to the art. 6, to achieve complete traceability of Sicilian food products using Blockchain technology.
Sep 28, 2019 at 09:49
Lombardy Region Uses Blockchain Tech to Reduce Bureaucracy
The experimentation in the Lombardy Region of the use of blockchain technology in an anti-bureaucracy key on the 'Free Nests' measure, which allows zeroing of the nest fee, in Cinisello Balsamo pilot municipality in Italy has officially opened.
Sep 26, 2019 at 09:26
New York Stock Exchange Boosts Bitcoin Businesses
It is indeed a historic turning point for blockchain and major cryptocurrencies, as the New York Exchange (NYSE) opens its doors to Bitcoin, the world’s leading digital currency.
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