Bitcoin and cryptocurrency stipends have gained regulatory recognition in many parts of the globe including Switzerland, Estonia, Italy, Russia, United States, Japan, and New Zealand. However, when it comes to other major sectors or businesses, cryptocurrencies are not yet being used for remuneration. Individuals and firms in the aforementioned jurisdictions are seriously exploiting the benefits of legal digital currency payments.
A good number of countries including the United Arab Emirates (UAE), Italy, Estonia, Ukraine, Denmark and Russia are planning to use blockchain or distributed ledger technology (DLT) to conduct their polls via sophisticated electronic processes and in other vital sectors. As the US presidential elections are getting closer, some blockchain-friendly candidates including Andrew Yang are proposing the use of the technology in e-polling, to avoid vote rigging and manipulation of poll results as what happened in the last elections.
BitSonar company that develops software solutions for cryptotrading market announced the release on the European market. To do this, BitSonar establishes an office in Tallinn (Estonia) and strengthens the center for the development of artificial intelligence and machine learning systems with new specialists.
Innovative technology giant countries such as Malta, Italy, Switzerland, Denmark, and Estonia, are in the top 5 European nations which are friendly to blockchain, Bitcoin and other cryptocurrencies, and have acknowledged the importance of creating a cryptocurrency focused economy. Nevertheless, forming, registering and operating a cryptocurrency firm, how much good the ground is levelled, the crypto businesses in the continent still experience serious problems.
The Finance Ministry of Estonia will soon add amendments to a financial bill which was recently passed, purposely meant to "harden" cryptocurrency-related regulation, according to a report by Äripäev, an Estonian financial newspaper.
Firms from Russia and several parts of the former Soviet Union have allegedly turned the tiny nation of Estonia into a money laundering haven. An ongoing investigation into the Estonian branch of Danske Bank is combing through a large $150 Bn that may have been largely involved.
Blockchain has firmly secured its status of a buzzword for numerous industries. Some reported instances when simple adding of the word ‘blockchain’ to the title of a company caused its stocks to triple their value.