Search Results for: Ministry

Russian Prime Minister Sets Deadline For Adopting New Approach to Cryptocurrencies

The wave of change has entered into the Russian cryptocurrency market as their finance ministry advocates for a new regulatory framework to be adopted by the country’s legislative body. This proposition entails that cryptocurrencies will be classified under three separate legal categories or tiers as set by the Russian legislative body law. These tiers are … Continue reading Russian Prime Minister Sets Deadline For Adopting New Approach to Cryptocurrencies

Ten Malaysians Arrested for Unlawful Bitcoin Investment Event

Ten Malaysians have been arrested in Chiang Mai, Thailand, and charged with illegally running a business that encourages Chinese nationals to invest in Bitcoin without a valid license.  According to the Bangkok Post, Pol Lt Gen Sompong Chingduang, the Commissioner of the Immigration Bureau, the unnamed Malaysian nationals were detained after they hosted a Bitcoin … Continue reading Ten Malaysians Arrested for Unlawful Bitcoin Investment Event

South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

The adoption of blockchain technology is set to reach unprecedented levels in major countries, as recently announced by China’s President Xi Jinping. South Korea intends to follow suit based on the revelation made by the Ministry of Science and ICT that USD 12.8 million will be channeled to blockchain projects in 2020. This investment strategy … Continue reading South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

Bitcoin Gets Integrated into the French Education Curriculum

Cryptocurrencies, such as Bitcoin, are continuously being embraced across the globe. As a result, they have instigated interest from different sectors, and education is not an exemption. French high school students will have the opportunity to learn about Bitcoin soon. This follows the inclusion of cryptocurrency into the Economics and Social Sciences syllabus.  The French … Continue reading Bitcoin Gets Integrated into the French Education Curriculum

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Governments across the world are beginning to explore the potential benefits of integrating blockchain-based applications into the public sector. Blockchain has the ability to record transactions on distributed ledgers. In this way, blockchain, therefore, provides new opportunities for governments to establish trust, prevent fraud, and improve efficiency. Such great benefits attract huge attention of governments … Continue reading Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country

As stated by a news report on October 13, Iran just offered a reward to anyone who exposes illicit cryptocurrency mining in the country. This proposition arose as a result of new regulations by regulators which stated that the rate of electricity used by miners of cryptocurrencies should be calculated. Hence, individuals, corporations and companies … Continue reading Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country

Indian Bill To Ban Cryptocurrency Excluded From Winter Parliament Agenda

The latest news indicates that the government of India will not be deliberating on the cryptocurrency bill during the winter session of parliament as was previously planned. On Nov. 14 2019, the Lok Sabha – India’s lower house of parliament – released the tentative list of bills which the government is expected to introduce and pass during the upcoming … Continue reading Indian Bill To Ban Cryptocurrency Excluded From Winter Parliament Agenda

Government of India to Deploy Blockchain Technology at a National Level

The Indian government has been eyeing blockchain technology since as it has a huge potential of being applied in various sectors such as banking, cybersecurity, education, and governance, securing the future of their economic development and growth. This strategic plan was made known in response to a question in the Lok Sabha as reported by … Continue reading Government of India to Deploy Blockchain Technology at a National Level

United Nations Development Programme to Conserve and Increase Kazakhstan’s Forestland Using Blockchain

The United Nations Development Programme (UNDP) has been working with blockchain development firm BitFury in an effort to help the country reduce its greenhouse emissions by more than 15 percent as this would conserve and boost Kazakhstan’s Forestland as a part of the United Nations sustainable development goals. According to the Astana Times, BitFury is … Continue reading United Nations Development Programme to Conserve and Increase Kazakhstan’s Forestland Using Blockchain

South Korea’s Jeju Island Leverages Blockchain to Curb Depleted Electric Vehicle Batteries

Jeju Island’s government representatives have revealed that a blockchain-powered electric vehicle waste-battery distribution management system has been implemented based on multi-year support. The island is categorized under South Korea’s special self-governing zones. The blockchain-based management system will track the history of receipts of waste-batteries acquired at the Jeju Technopark Electric Vehicle Battery Industrialization Center opened … Continue reading South Korea’s Jeju Island Leverages Blockchain to Curb Depleted Electric Vehicle Batteries

Exit mobile version