Aug 19, 2019 at 12:35
Blockchain Technology to Help in Rental Reform in Malta
Malta plans to use a Blockchain-based approach to register rental agreements, according to Prime Minister Joseph Muscat. As the government is trying to bring new rent reform, an announcement has been made that the reforms are going to be completed soon, where all rental agreements will be properly registered on an effective Blockchain network. Malta has for long been considered as a blockchain hub in Europe and the world at large.
Jul 28, 2019 at 12:44
Venezuela Turns Tax Revenues into Bitcoin to Bypass Sanctions
The government of Venezuela has allegedly been spinning airport tax revenues into Bitcoin (BTC) and virtual currency to sidestep international sanctions. From the research made by a Spanish newspaper ABC, the President of Venezuela Nicolas Maduro plus his working admin are allegedly exploiting a virtual currency wallet application to spin tax revenue into popular digital assets, and then traded on cryptocurrency exchanges in different countries including China, Iran, Hungary, Russia, etc.
Uganda to Use Blockchain to Curb Counterfeit Drugs
The government of Uganda wants to apply blockchain to curbing the distribution and sale of counterfeit drugs in the country. The announcement was made by the Country’s president on twitter mentioning the use of the tech in pharmaceuticals in Uganda. The government is keen to find a solution for the rampant counterfeiting in the country through innovations.
Libra is Getting Popular in China Despite Criticism in USA
The latest research shows that Libra, the cryptocurrency owned by Facebook, is now ranked the third most searched keyword on Weibo, a Chinese search engine. Libra follows words like “Chinese Movie Star” and Mona Lisa correspondingly. This is an indicator that people living in the country have started to gain appetite for digital currency including Libra, Bitcoin and others.
“There is No Cryptocurrency Ban,” Indian Government Says
The government of India seems to be confused when it comes to the previous bitcoin and cryptocurrency ban. Last year, the government made it clear that whoever is caught illegally participating in the mining, buying or selling of cryptocurrencies, he or she will be jailed for around 10 years, according to the draft "Banning of Virtual Currency Restrictions and Official Cryptocurrency Regulation Bill 2019". With the help of VPN, citizens continued to deal in cryptocurrencies and nothing was done to them. Now, the authority has come out to show its position on this matter, by revealing that the financial authorities have imposed no restrictions yet on digital currency dealings.
Blockchain-Based CBDC to be Created in Turkey
Turkey plans on creating its own virtual currency and deploying blockchain into government systems. The government financial authority has included a central bank-issued cryptocurrency in its new 2019 –2023 strategic economic roadmap.
India Shows Skepticism About Facebook Cryptocurrency
The Republic of India, the seventh-biggest nation by area geographically located in South Asia, has shown much disbelief in the new cryptocurrency owned by Facebook known as Libra aka GlobalCoin. In fact, the coin will not be allowed to operate in the country.
Italy to Become a European Blockchain Leader After Brexit
The government of Italy has been focusing on innovative initiatives such as blockchain technology, artificial intelligence (AI), industry 4.0, smart contract, the internet of things (IoT) and others. Italy now wants to become the leading European country in technology after the Brexit. Albeit, anything positive effort must be put in the system if digital technology is to become a mainspring for the real economy and poise public finances.