The head of Indian IT trade organization NASSCOM reportedly stated that cryptocurrency is “illegal” in the country, after two men installing a Bitcoin ATM were arrested The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25. Debjani… Continue reading Cryptocurrency ‘Illegal’ In India Says Trade Organization Head
Category: Government
Auto Added by WPeMatico
Vietnam’s Largest Telecoms Company Enters Blockchain Sphere, Aims to Be Industry Leader
The innovation wing of Vietnam’s largest telecoms operator Viettel aims to become the country’s leading blockchain provider in the next five years. The Viettel Enterprise Solutions Corporation has set a goal to become Vietnam’s leading blockchain technology provider in five years, local news outlet Viet Nam News reported Oct. 25. The Viettel Enterprise Solutions Corporation… Continue reading Vietnam’s Largest Telecoms Company Enters Blockchain Sphere, Aims to Be Industry Leader
Gibraltar Gov’t Launches Advisory Group to Develop Blockchain-Related Educational Courses
The government and University of Gibraltar have launched an advisory group to address the demand for blockchain-related skills. The Government of Gibraltar in collaboration with the University of Gibraltar have created an advisory group focused on the development of blockchain-related educational courses, national news outlet the Gibraltar Chronicle reported Oct. 19. The New Technologies in… Continue reading Gibraltar Gov’t Launches Advisory Group to Develop Blockchain-Related Educational Courses
Russian Draft Bill Lacks Core Crypto Terms After Recent Edits
Deputies of the Russian State Duma have removed a definition for crypto mining from the draft law “On Digital Financial Assets.” Russian deputies have removed the definition of crypto mining from a draft bill on digital currency regulation ahead of its next reading in the State Duma, major local news agency Interfax reports Oct. 19.… Continue reading Russian Draft Bill Lacks Core Crypto Terms After Recent Edits
Bermuda Government Approves First ICO Under New Regulatory Regime
The government of Bermuda has licensed the first ICO in the country under a new regulatory regime that was introduced this summer. The government of Bermuda has awarded the first certification for an Initial Coin Offering (ICO) under the island nation’s new regulatory regime for crypto and blockchain business, the country’s only daily newspaper, the… Continue reading Bermuda Government Approves First ICO Under New Regulatory Regime
Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases
Major Chinese mining hardware manufacturers could fall under new U.S. tariffs on Chinese-manufactured goods, reaching as high as 25 percent. Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’s English-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts… Continue reading Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases
Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities
Former CFTC chairman Gary Gensler said that coins sold through ICOs should be considered securities. Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities, Bloomberg reported Oct. 15. Should cryptocurrencies be considered securities, they would fall under… Continue reading Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities
South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
A top Korean financial regulator has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain. The chairman of Korea’s Financial Services Commission Choi Jong-koo has reaffirmed his negative position on digital currencies and Initial Coin Offerings (ICOs), Business Korea reported Oct. 11. Choi spoke at a… Continue reading South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto
Ripple Leads Crypto Coalition Seeking Gov’t Oversight Encouraging Crypto, Blockchain
A crypto coalition led by Ripple plans to pay D.C. lobbyists to impact the government’s stance on cryptocurrencies. Ripple will lead a group of crypto startups to lobby lawmakers and financial regulators in D.C. to support crypto and blockchain innovation, Bloomberg reported on Thursday, September 27. According to the report, the coalition of San-Francisco-based crypto… Continue reading Ripple Leads Crypto Coalition Seeking Gov’t Oversight Encouraging Crypto, Blockchain
Kenya: DLT and AI Task Force Chairman Calls on Government to Tokenize Economy
The chairman of the Kenyan DLT and AI task force has proposed that the government tokenize the economy in order to fight the “increasing” rate of corruption. Kenyan Distributed Ledgers and Artificial Intelligence task force chairman Bitange Ndemo has said that the government should tokenize the economy, local news outlet The Star reported September 25.… Continue reading Kenya: DLT and AI Task Force Chairman Calls on Government to Tokenize Economy