Lawmaker in Ireland Seeks Investigation into Bitcoin and other Digital Currencies
An Irish lawmaker is seeking an investigation into bitcoin and other digital currencies, and has reportedly called for "more controls" when it comes to bitcoin. Patrick O'Donovan write to the Oireachtas Communications Committee requesting said investigation on digital currencies, which he has suggested has led to an "online supermarket" of illicit activities. This effectively operates as an online supermarket for illegal goods such as drugs, weapons and pornography, where it is extremely difficult to trace the identity of the buyers. We need a national and international response to clamp....
Related News
A member of the Teachta Dála, the lower house of Ireland's Parliament, has urged fellow lawmakers and the parliamentary communications committee to investigate the effect of digital currencies on illicit financial transactions. Patrick O'Donovan, who is a member of the centre-right Fine Gael party, wrote to the committee asking them to investigate the use of digital currencies, claiming that they have created an "online supermarket" for illegal goods and services. He also called for more controls on payments made using digital currencies, reports The Journal. A boon for black markets.....
Here is some wonderful news for the fintech world! Accenture in partnership with Enterprise Ireland is looking to get best of Ireland's early stage tech companies. The companies will then be able to join the Fintech Innovation Lab Accelerator program. Accenture is hoping that with this program will successfully be able to give a boost to those companies who believe that they are ready to take a leap and go global. The company also will help in linking them with leading financial and technological companies. Accenture's interest in fintech industry is not new; it along with 16 other leading....
It is exciting times in N.Ireland in regards to Bitcoin at the moment with the first upmarket coffee shop in Belfast starting to accept Bitcoin, the arrival of the first exchange terminal making purchasing the currency as easy as sending a text message and the Non-Profit Bitcoin Association Northern Ireland holding its first regional meet-up in Belfast on the 28th of May. Bitcoin in the North of Ireland had been lagging behind the rest of the United Kingdom and Ireland in regards to education, promotion and adoption in the past, although that all seems to have changed in the last few....
A U.S. congressman has introduced the “Keep Your Coins Act” in order to “preserve Americans’ right to privacy in transacting with crypto assets.” The lawmaker says, “this legislation would prohibit any federal agency from promulgating a rule that would impair a person’s ability to act as self-custodian.”
US Lawmaker Seeks to Protect Privacy in Crypto Transactions With ‘Keep Your Coins Act’
The office of Congressman Warren Davidson (OH-R) announced Thursday that the lawmaker has introduced the Keep Your....
The Blockchain Association of Ireland is to officially launch on December 14 in the country as it attempts to establish the country as a global hub for FinTech, according to a report from The Irish Times. As more companies and individuals realize the potential that blockchain can produce, more are turning their attention to it. It’s already making its presence known in healthcare, financial institutions, and land registry. However, in a bid to keep up in the blockchain race, the Blockchain Association of Ireland has been developed to aid groups in Ireland in areas relating to smart....