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Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

Dubai Department of Finance has launched a blockchain-powered payment system geared towards government entities in collaboration with Smart Dubai Office. The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system. The news was reported on by a local news site Zawya, September 23. The new… Continue reading Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

South Korean Gov’t Pledges Support for Blockchain Startups to Facilitate Industry Growth

The South Korean government has pledged support for blockchain companies to speed up the growth of the industry in the country. The Korean Ministry of Science and Information Communications Technology (MSICT) has pledged further support to facilitate the growth of the domestic blockchain industry, Business Korea reported September 21. Second Minister of Science and ICT… Continue reading South Korean Gov’t Pledges Support for Blockchain Startups to Facilitate Industry Growth

German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

Germany’s Finance Minister Olaf Scholz does doubts that traditional fiat currencies can currently be replaced by cryptocurrencies. Germany’s Finance Minister Olaf Scholz doubts that cryptocurrencies can currently replace traditional fiat currencies, Cointelegraph auf Deutsch reports today, September, 18. “I would doubt today, whether it has a perspective as a currency model, ” said Scholz at… Continue reading German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

Ukrainian Parliament Proposes Tax Bill for Digital Currencies

Ukrainian legislators have proposed a bill in the Verkhovna Rada that would tax operations with cryptocurrencies. The Verkhovna Rada, the parliament of Ukraine, has proposed a bill that, once passed into law, would tax operations with crypto assets, according to a draft law published September 14. The tax bill, which was initiated by 23 government… Continue reading Ukrainian Parliament Proposes Tax Bill for Digital Currencies

Russian Lobby Group to Present Alternative Bill on Digital Assets

A lobby group of Russian industrialists and entrepreneurs wants to eliminate contradictions in the “unfinished and fragmented” state draft law on digital currencies. A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative crypto regulation bill, which will eliminate supposed contradictions in the state draft law “On Digital… Continue reading Russian Lobby Group to Present Alternative Bill on Digital Assets

Mexican State Bank Announces Stricter Rules for Crypto Exchanges

Mexican banks that provide crypto services and crypto exchanges must now apply for permits with the Bank of Mexico in order to legally carry out their operations. All crypto exchanges and banks providing crypto services in Mexico will now be obliged to receive a permit from the Bank of Mexico (Banxico), according to a September… Continue reading Mexican State Bank Announces Stricter Rules for Crypto Exchanges

In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund

The SEC has issued a cease and desist order and a $200,000 fine to Crypto Asset Management for misrepresenting itself to investors. The U.S. Securities and Exchange Commission (SEC) has issued a cease and desist order and a $200,000 fine to Crypto Asset Management (CAM) and its founder Timothy Enneking, according to a document published… Continue reading In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund

South Korean Official Proposes Greater Cooperation for Global Crypto Regulation

An official from South Korea’s Financial Supervisory Service (FSS) has urged for international cooperation between regulators on crypto. An official from South Korea’s Financial Supervisory Service (FSS) has proposed greater international cooperation between regulators for crypto and Initial Coin Offering (ICO) regulation, local news outlet Asian Economic TV reports Friday, September 7. Yoon Suk-heun, governor… Continue reading South Korean Official Proposes Greater Cooperation for Global Crypto Regulation

Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes

Cryptocurrency is a “poor form of money” for most terrorists, says director of analysis at U.S. think tank FDD’s CSIF Yaya Fanusie. The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee… Continue reading Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes