Maryland State Government Participating in Operation Cryptosweep

Attorney General Brian Frosh has announced that his Securities Division is participating in Operation Cryptosweep


Source: cointelegraph
Maryland State Government Participating in Operation Cryptosweep

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US government deficit up 27% in one year

US government deficit up 27% in one year submitted by /u/supergrass77
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Source: BTC
US government deficit up 27% in one year

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New Zealand government to allow citizens to get paid in crypto

New Zealand government to allow citizens to get paid in crypto submitted by /u/cryptobounties
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Source: CryptoCurrency
New Zealand government to allow citizens to get paid in crypto

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Government unveils the plan for crypto bill in India

Government unveils the plan for crypto bill in India submitted by /u/Askrypto
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Source: CryptoCurrency
Government unveils the plan for crypto bill in India

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Indian Government To Pitch A Bitcoin Ban Bill In January

indian government


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The is all over the latest cryptocurrency news for its apparent plans to introduce a controversial Bitcoin ban bill in December this year or January 2020 during a parliamentary session. The news were first shared from the local crypto news provider Crypto Kanoon.

Even though nothing is official yet, the decision apparently surfaced during an ongoing court hearing between the Reserve Bank of India (RBI) on one side and regional cryptocurrency exchanges on another. According to officials representing the Narendra Modi financial ministry, a draft bill was submitted before the Supreme Court judge. With this, the Indian government is probably going to project the basis of the future of cryptocurrencies in the country.

The news source (and many best cryptocurrency news sites after that) claimed that the draft is the same which was prepared by the intergovernmental committee that was led by a former Economic Affairs Secretary named Subhash Chandra Garg. The document also recommended an outright ban on Bitcoin and all types of “private cryptocurrencies” as well as a ten-year jail time for the ones who do not abide by it.

Meanwhile, the Indian government wants the Supreme Court to adjourn the hearing until January next year. They confirmed that the Bitcoin ban bill is planned in the lower house of the Indian parliament during the winter session.

As a reminder, last year in July RBI had banned banks from doing business with companies associated with Bitcoin (BTC) and other cryptocurrencies. Then, the Internet and Mobile Association of India (IMAI) took the Indian central bank to the Supreme Court and accused the federal body of being biased towards the emerging crypto sector in India – saying that their circular was unconstitutional.

The case went through a lot of delays in the past 12 months. It was heard by the Indian government and the regulatory officials on August 8 this year, when the IMAI counsel argued that Bitcoin is not a sovereign currency but a commodity – which is why the decision should come from the Securities and Exchange Board of India (SEBI), and not from the RBI.

All of this shows that Bitcoin is still unknown as a subject and there is lack of regulation around it. Let’s just hope that India will reconsider the Bitcoin ban.

The post Indian Government To Pitch A Bitcoin Ban Bill In January appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Indian Government To Pitch A Bitcoin Ban Bill In January

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Globex and Antiguan Government Sign MOU to Launch Government-Bank Backed Digital Securities Marketplace

Goal to make Antigua the Global digital securities powerhouse with a dollarized exchange and fiat banking  York, NY/ Saint John’s, Antigua, Aug. 07, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — The Antigua and Barbuda Ministry of Finance & Corporate Governance (MFCG), GlobexUS Holdings, Corp () and Julius Capital Bank Inc., today announced they have signed a Memorandum […]
Source: bitcoinwarrior
Globex and Antiguan Government Sign MOU to Launch Government-Bank Backed Digital Securities Marketplace

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Seoul Metropolitan Government: Use Public Services and Earn Coins

Seoul

It is no secret that South Korea is a hotbed cryptocurrency
activity. The support the innovation has received from the private sector has
been top-notch. The nation’s capital, , has taken this love for crypto a
step further. The city is launching an S-coin based reward system. The point
system will reward the city’s citizens for utilizing public services,
participating in polls and for paying taxes.

The city’s blockchain-based administrative services reward system
is expected to launch in November fully. The launch process has three
significant priorities set. The very first priority is the introduction of the
crypto-based points system.

As per the local news report from Blockinpress,
the reward system will work in conjunction with ZeroPay. ZeroPay is an
innovative ran QR-code-enabled network. The residents will be in a
position to redeem the points awarded for rewards. They can also utilize the
coins made to purchase goods and services via mobile payments. There are no
merchant charges.

Seoul’s Public Services on Blockchain

Seoul is going to use the blockchain service to solve yet another huddle for its residents. The city is going to use the system to enhance its Seoul Citizen Cards process. The enhanced process will make it much easier for the residents to submit documents. It will eliminate the need for paper document submission through the enabling of digital identity authentication.

Both temporary and part-time worker records of the city are also going on the blockchain system. Their work history, contracts with employers, and recorded time logs will all be accessible from this platform. The November launch will bring about other blockchain-powered projects such as online verification of certifications. Donation management and smart healthcare blockchain ran services will eventually be launched.

The city’s mayor Park Won-soon is pretty blockchain progressive.
In late 2018, he launched a five-year that will see $108 million invested in
turning Seoul into a blockchain-powered smart city. The mayor has a Blockchain
Urban Plan in place that covers over 14 public services.

The government-funded budget will drive a large section of the
city’s public services to the blockchain. This includes services such as
vehicle history management, labor welfare, elections voting, donation
management, and certification issuance services.

South Korea’s Blockchain-Friendly Stance

The platform will now act as protection for all part-time workers,
who have had to work without labor contracts. It will assist in ensuring
employment insurance, once the workers register via an app. Once a part-time
employee is logged, the information will be accessed over a distributed network
by insurers and labor welfare organizations.

Park Won-soon’s administration has also put aside $53 million more
to grow the city’s blockchain industry. The funds will build two complexes that
will be home to at least 200 blockchain-based startups. The complexes are
slated for completion by 2021 and will use part of the city’s Mapo Seoul
Startup Hub. Part of the Gaepo Digital Innovation Park will also be utilized.

The city’s blockchain efforts are in line with the country’s blockchain roadmap. The country’s second-most populous city Busan has announced a blockchain “regulation-free” zone. This area, modeled after Switzerland’s Zug, will host public safety, finance, and tourism-related blockchain offerings. Major business entities such as Samsung, Kakao, and Hyundai have also become stakeholders in the crypto industry.

Government of Iran Passes Law Against Recognizing Crypto Trade – Cryptocurrency Regulation – Altcoin Buzz

of Law Against Recognizing Crypto Trade – Cryptocurrency Regulation  Altcoin BuzzIranian government releases a bill according to which banks and other financial institutions will no more be treating digital assets as legal tenders.
Source: worldnewsoffice
Government of Iran Passes Law Against Recognizing Crypto Trade – Cryptocurrency Regulation – Altcoin Buzz

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Seoul Metropolitan Government confirms it’s moving forward on it’s plans to turn Seoul into a Blockchain Smart City!

Seoul Metropolitan Government confirms it's moving forward on it's plans to turn Seoul into a Blockchain Smart City! submitted by /u/NorskKiwi
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Source: CryptoCurrency
Seoul Metropolitan Government confirms it’s moving forward on it’s plans to turn Seoul into a Blockchain Smart City!

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