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Tag Archives: Government

Malaysian Lawmaker Urges Government to Delay Harapan Coin Launch

Twitter Facebook LinkedIn An initial coin offering (ICO) round launched with an aim to raise funds for an opposition political movement is raising eyebrows in Malaysia. Fahmi Fadzil, Lembah Pantai MP and PKP communications director, urged the government to practice caution while going ahead with the launch of Harapan Coin. The lawmaker said there is a need for the central bank ...

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Singapore Government to Create Blockchain Based Security Token System

The Monetary Authority of Singapore has joined forces with the Singapore Exchanges to develop a Delivery versus Payment system for tokenised securities. Read more Security Token pieces here.  The Monetary Authority of Singapore (MAS) is set to develop a Delivery versus Payment (DvP) platform with the Singapore Exchange (SGX) to allow settlements for tokenised securities across varying blockchain platforms. The announcement ...

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Crimean Government Considers Creation of Blockchain-Cluster and Crypto Fund

Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territory. The cluster would be located within the special economic zones (SEZ) in Crimea and its largest city Sevastopol, major state-operated Russian news agency TASS reported Nov. 9. Georgy Muradov, the Permanent Representative of the Republic of Crimea under ...

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Austrian Government Supports Blockchain Cancer Research, Screening Tool

The government of Austria is supporting a U.K. cancer research company using blockchain to detect the disease as part of its drive to promote the technology, a press release shared with Cointelegraph confirms Nov. 10. Lancor Scientific, which has developed a device to detect multiple cancer types and record screening results with smart contracts on blockchain, plans to open a ...

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South Korea’s Zeniex Closes Amid Government Crackdown on Unauthorized Crypto Exchanges

South Korea’s cryptocurrency exchange Zeniex will soon terminate its services due to a recent government crackdown on unauthorized platforms, a post by Zeniex reveals Friday, Nov. 9. The crypto exchange, a joint project by South Korea and China which opened May 2018, states in the post that due to “recent issues,” they have “come to the conclusion that continuing to ...

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Verif-y Extends Token Presale to Allow More Participants to Take Advantage of Its Potential Work with The US Government

The pre-sale has been extended to 25 October to accommodate growing interest in the company’s institutional and government offerings.   PHILADELPHIA — September 29, 2017 – Verif-y, the blockchain-based credential verification and digital identity platform, is delaying its main tokensale in order to allow an extended pre-sale as Verif-y partners with HRworx. HRworx, a veteran owned company, provides employee lifecycle ...

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South Korean Lawyers’ Association Lobbies Government to Establish Legal Crypto Framework

South Korea’s lawyers are lobbying the country’s government to step up its action and expedite a legal framework for cryptocurrencies, Reuters UK reports Nov. 8. The Korean Bar Association, membership of which is required of all the country’s lawyers, has appealed to the government to take more swift action in the realm of cryptocurrencies, with Bar Association President Kim Hyun ...

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The Government of Gibraltar and Its Most Prominent Law Firms To Feature At TokenMarket 2018 Summit

June 11, 2018 – Gibraltar, GIB – TokenMarket, the leading ICO advisory firm, has announced the third phase of speakers for its debut blockchain event, ‘Insights Into The Token Economy‘. The token economy has evolved substantially from the era of disorganised regulatory compliance to new legislators in such states as Malta, Switzerland and Gibraltar regulating ICO’s. TokenMarket 2018: ‘Insights into ...

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Thailand Government to Use Blockchain to Tackle Tax Avoidance

The government of Thailand has announced plans to adopt distributed ledger technology to fight tax avoidance. Director-general Ekniti Nitithanprapas said the Revenue Department intends to use blockchain to verify whether taxes were paid correctly and to speed up the tax refund process. Thai Government Announces Plan to Use Blockchain Technology to Improve Tax Collection System The head of the Revenue Department ...

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