Cryptography Researchers & Users Could Face Jail Time In Australia
In recent weeks, not only has UK Prime Minister David Cameron suggested the banning of encryption use, Australia is on its way to making it a criminal offense to even lecture on the topic. Starting next May, academics could face prison for empowering individuals with the knowledge of cryptography. As Defence Report states, "Without the exclusion for academics, as enjoyed by the US and UK, university researchers would need prior permission from a Minister at the Department of Defence (DoD) to communicate new research to foreign nationals or to publish in any research journals." According to....
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A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms to trade or store their crypto assets. Lack of Guidance Blamed Lobban’s warning follows reports earlier in the year which suggested that changes to South African tax laws may have made it “easier for SARS to secure criminal convictions for....
To make matters in Russia even stranger, the Russian Central Bank will continue its research into blockchain technology for now. The institution has set up a dedicated taskforce to see how this technology can be used to benefit the Central Bank of Russia. However, there are no plans to start issuing digital currency, as that would still be prohibited by law. Russia seems to be making a fair amount of media headlines again, as their regulation of digital currency has just taken a turn for the worse. A new proposal – drafted by the Russian Ministry of Finance – seeks to penalize Bitcoin....
Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (UAE) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort to protect people from online scams.
New Measures Seek to Protect Internet Users
As part of UAE’s new online security laws which go into effect on January 2, 2022, promoters of online cryptocurrency scams now face a possible five-year jail term and a maximum fine of over $270,000.
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The outline for the grant is overly specific, aimed at candidates who will be able to help define a "rigorous scientific foundation" for cryptocurrency. Six researchers from three universities will be claiming it. Cornell, University of Maryland, and UC Berkeley all have researchers involved. The researchers will reportedly focus on smart contracts. The National Science Foundation has made other awards focusing on cryptocurrency in the past. One such project was called "Addressing the challenges of cryptocurrencies: Security, anonymity, stability." The government awarded $500,000 for that....
The NSA was one of the first organizations to describe a Bitcoin-like system. About twelve years before Satoshi Nakamoto published his legendary white paper to the Metzdowd.com cryptography mailing list, a group of NSA information security researchers published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash in two prominent places, the first being an MIT mailing list and the second being much more prominent, The American Law Review (Vol. 46, Issue 4 ). The paper outlines a system very much like Bitcoin in which secure financial transactions are possible....