Political and Law news

Political attitude and new laws about using cryptocurrency and Blockchain technology

Sep 21, 2018 at 15:56
U.K Lawmakers Optimistic About Britain's Crypto Market Regulation
British lawmakers said on Wednesday, September 19, 2018, that the digital currency market requires immediate regulations. The government should take an extra step to secure retail investors from unstable prices, technical vulnerabilities and set U.K to turn into a world leader in the Crypto sector, given its stead as a financial hub.
Sep 21, 2018 at 14:56
Russian Lobbying Group (RSPP) & Popular Billionaires Draft Alternative Crypto Regulations
The Russian Union of Industrialists and Entrepreneurs (RSPP) is purportedly working on a draft bill concerning the use of digital currency, as per a September 14 article on ForkLog, a Russian technology site. The revised bill is anticipated to go before Russian officials next month.
Sep 21, 2018 at 14:18
Swiss Confederation Asks Israel to Open Market to Swiss Financial Institutions Amid FinTech Regulation Talks
Switzerland's Federal Department of Finance wants the Israeli Ministry of Finance to permit Swiss banks and other major financial institutions to trade funds in the modern country in the Middle East. Israel is hoped to reply back to Switzerland within a year.
Sep 20, 2018 at 13:03
Venezuela Set to Launch Petro-Pegged Fiat Currency in October
Venezuela, a nation fighting one of the largest economic recessions, is ready to launch a fresh fiat currency linked to its oil-backed 'petro' virtual currency in October, according to what President Nicolas Maduro has said.
Sep 20, 2018 at 12:25
Palestinians are Using Crypto to Transact Across Borders Amid Political & Economic Crisis
In a tiny but multiplying community of Cryptocurrency users in the largely occupied Palestinian territories of the Gaza Strip and the West Bank, Bitcoin (BTC) has become a source of salvation in a crisis.
Sep 18, 2018 at 08:23
Switzerland to Issue Fiat-Backed Coins as a Reply to USDT and El Petro’s Manipulations
Switzerland is planning to tokenize its national currency, responding to USDT and El Petro. The idea behind this new stablecoin is rather traditional for the sector - to combine all the pros of a cryptocurrency and eliminate its main shortcoming - high volatility.
Sep 16, 2018 at 11:19
Ripple Advances in Japan & Saudi Arabia, Middle East a Home of Remittances
Saudi Arabia's National Commercial Bank has signed up officially with RippleNet, starting up remittance payment corridors between the KSA and the United States, and other potential Asian markets.
Sep 16, 2018 at 10:39
European Central Bank Has No Plan of Issuing Crypto
The European Central Bank (ECB) is not considering issuing a digital currency since the underlying tech is still volatile and the use of hard cash still lofty in the eurozone, according to a statement by the ECB president on Friday, September 14.
Sep 15, 2018 at 11:15
United Arab Emirates Considers ICO Regulation and the Nature of a Token
The UAE government has taken a significant step in understanding the general principles on which the fintech is based. Last Sunday, the UAE Securities and Commodities Authority (SCA) officially agreed to regulate ICOs and recognize tokens as securities for the welfare of the nation.
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