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Tag Archives: Government

Bermuda Government to Introduce New Regulations on ICOs, Address ‘Legal Ambiguity’

The Premier and Minister of Finance of Bermuda David Burt introduced new regulations on initial coin offerings (ICOs) speaking before the House of Assembly, the Royal Gazette news reports July 13. The regulatory framework describes minimum required information for ICO projects and establishes compliance measures for companies to conduct an ICO. Addressing the lower house of the Bermudian Parliament, Burt ...

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Is Government Regulation the Answer for Crypto?

According to Lawrence Lerner, CEO of Pithia, a Seattle-based blockchain venture capital fund, governments’ understanding of cryptocurrency and distributed ledger technology is fundamental to their acceptance and use worldwide. Historically, we’ve seen crypto prices spiral downward when a country, perhaps seeking to protect its citizens or due to a lack of understanding, passes regulatory measures against them. China, which issued ...

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Riyadh City Picks IBM to Integrate Blockchain in Government Services

The municipality of Saudi Arabia’s capital city Riyadh has partnered IBM to facilitate government services and transactions on a blockchain. Under terms of the partnership, early blockchain-tech mover IBM will work with Elm Company, the municipality’s technology partner, to develop an implementation strategy to plug government transactions and commercial services to citizens and residents on a blockchain, ITP.net reports. The ...

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Riyadh Municipality Partners with IBM to Develop Blockchain for Government Services

Riyadh Municipality, Saudi Arabia, has partnered with IBM to jointly develop a strategy to streamline government services and transactions on а blockchain, news outlet ITP.net reported July 11. The move was made in accordance with an authoritative decision of the Government of Saudi Arabia to work on improving the quality of municipal services for customers and integrate leading technologies into ...

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Donald Trump’s US Government to Focus More On Crypto-Related Fraud

A new task force created by Donald Trump seeks to further investigate “cyber fraud” and “digital currency fraud,” as per an executive order from the U.S. President and his administration. Trump Looking at Crypto The announcement, made today, looks to place digital currencies amongst more traditional crimes like money laundering and fraudulent investment schemes targeting the elderly as a focus ...

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More Money, No Problems for the NHS and Local Government as Digitisation Brings the Two Together

The government will make available an additional £394 million every week for the NHS, with the aim being to cut waste, improve survival rates for cancer patients and deliver better mental health services. The extra money will certainly boost service provision, but to effectively meet these targets, the NHS needs to embrace digital technologies, and fast. The latest research shows ...

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French Government Official Argues Against Cryptocurrency Regulations, but Still Wants Control

French government official and academic, Jean-Pierre Landau, also know as “Monsieur Bitcoin”, recently released a report that argued that it was “neither desirable nor necessary” to regulate cryptocurrencies. The report, which extends over 100 pages, claims that overzealous regulations would create a “three-pronged danger”. “The danger is three-pronged: that of freezing the rapid evolution of technology in legislation, that of failing ...

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UK Government Body Completes Pilot Tracking Beef Supplies on the Blockchain

The U.K.’s Food Standards Agency (FSA) has recently completed a pilot in which it successfully tracked beef supplies using blockchain technology. It is believed to be the first time that the innovation underpinning Bitcoin and other cryptocurrencies has been used to guarantee compliance within the food sector. FSA Successfully Trials Meat Tracking on the Blockchain According to a report from ...

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THEKEY Enters into Cooperation with Chinese Government on Research into Social Insurance Blockchain Applications

The commercialization and application of social insurance data is facing an as yet unresolved dilemma. On one hand, social insurance data is strictly regulated by the PRC’s “Social Insurance Law” and cannot leave the custody of the government, can never be downloaded, and can never be seen by unauthorized persons. On the other hand, the broad array of social insurance ...

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Malta’s Government Approves Three Cryptocurrency Bills

The Maltese Parliament yesterday voted unanimously to approve three cryptocurrency and blockchain bills. These bills that are designed to make Malta one of the most important and desirable locations in the blockchain space should now facilitate the setting up of further companies in this sector. In a tweet shortly after the vote, Parliamentary Secretary for Digital Innovation Silvio Schembri said ...

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