Government

At this year’s annual gathering, the Chinese legislative body proposed the establishment of a fund to support the development of blockchain technology led by the government.

On Thursday, May 21, the Albanian government officially passed a comprehensive law on the regulation of cryptocurrency-related businesses drafted by the Ministry of Finance and Economy.

A bill for Blockchain National Strategy was proposed in the United States Congress that would come up with a national blockchain and distributed ledger technology (DLT) strategy.

The Iranian President, Hassan Rouhani, has urged a re-think of the national approach to the cryptocurrency mining sector.

The Iranian government has expressed its intention to apply the ‘Prevention of Commodity and Currency Smuggling’ to cryptocurrency transactions.

For two years now, the Administrative Council for Economic Defense (CADE) has been pursuing a case involving seven Brazilian banks that denied cryptocurrency brokers access to critical financial services.

Australian police arrested a 52-year-old Sydney-based woman for running an illegal crypto exchange that has since handled over 5 million AUD in cryptocurrency transactions. This kind of case was handled for the first time in the country’s history.

With the outbreak of coronavirus, China, which had an emergency in job problems, is now pursuing job stabilization and has classified blockchain technical experts as official jobs.

The Vietnamese government has set up a 9-member committee charged with monitoring crypto-related activities and proposing appropriate government policies.