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In today’s edition of Bitcoin in Brief we’re focusing on developments in the realm of international politics and economics regarding cryptocurrencies. The Organization of Economic Cooperation and Development is looking into the possible uses of digital coins and the associated technologies. Kazakhstan is calling for the adoption of common crypto rules by the United Nations, … Read more
Russia’s Sberbank CIB has implemented the first commercial bond transaction using smart contracts in the country, ]carried out on the Hyperledger Fabric 1.1-based blockchain Go to Source Powered by WPeMatico
A State Duma committee will support the first reading of Russia’s initiative for adding digital economy norms to the Civil Code Go to Source Powered by WPeMatico
Venezuela’s Petro has proven to be a rather intriguing cryptocurrency. While it is the first of its kind – though not necessarily the last – to be backed by natural oil reserves, the Petro has not been received all that well. The United States was quick to prohibit the use of this new currency. However, it seems Venezuela … Read more
With digital currency gaining in popularity worldwide, additional mining operations and farms have started to appear despite looming bans on the practice. Understanding The Ban While many see bans on crypto mining as a hindrance to entrepreneurship and the crypto space, in actuality, it’s an effort to protect and enhance cities, states, and countries’ natural, historic, cultural, … Read more
In Monday’s Bitcoin in Brief, Belgium’s financial watchdog, which earlier this year published a warning about potentially fraudulent platforms promising fast and easy profits to crypto investors, has just expanded its blacklist. In Russia, reports have surfaced of a plot to assassinate Alexander Vinnik in Greece, where he fights an extradition request from US authorities … Read more
Telegram has been testing a new service that will store users’ information and documents for verification purposes, according to Russian media reports. Telegram Passport will be used to keep personal details and copies of IDs, banking statements, and utility bills to identify users on Telegram’s blockchain platform TON. Also read: After Telegram, Viber May Be … Read more
The prospect of transferring an entire national payment system to blockchain technology deserves attention and we are covering the story in today’s Bitcoin in Brief. Reports that Russia may transform its version of SWIFT as early as next year coincided with the news that the US banking giant JP Morgan has applied for a blockchain … Read more
A Russian arbitration court of appeals has recognized cryptocurrency as a property with value in its ruling on Monday. This overturned a previous ruling by another court even though Russia currently has no legal framework for cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Recognized as Property The Ninth Arbitration Court of … Read more
State news agency Telesur reports Venezuela president Nicolás Maduro has announced formation of a youth bank funded by the country’s recently launched cryptocurrency, the Petro. Mr. Maduro also took the opportunity to urge countrymen to continue mining its state-backed digital money, including creation of mining farms. Also read: Only 1% of Business CIOs are Actually … Read more
