EU Parliament Asks “What If?” for Bitcoin Blockchain-Based Elections
Calling electronic voting “inevitable,” a new paper by Philip Bucher for the European Parliament speculates on the possibility of Bitcoin’s revolutionary blockchain technology to bring transparency, efficiency, and greater fairness to elections in its various member democracies. The paper first notes that because electronic voting is in its infancy, there are still many unknowns, but then jumps straight to the point: Now we have a further choice; to continue trusting central authorities to manage elections or to use blockchain technology to distribute an open voting record among citizens.....
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An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto.
Indian Parliament Member Wants to Tax Crypto Income More Than 30%
India’s Finance Bill 2022 containing the proposed 30% tax on crypto income is now being considered in Rajya Sabha, the upper house of India’s parliament.
Parliament member Sushil Kumar Modi....
A think tank run by the European Parliament recently released a discussion paper on the use of bitcoin and blockchain technology in elections, analyzing the topic through the broader lens of electronic voting. Published on 29th September, the paper was authored by Phillip Nicholas Boucher, a researcher for the European Union Think Tank. Boucher wrote that adoption would represent a major shift in how trust is managed within the voting process, moving that kind of control "away from central actors", leading to "tech-enabled community consensus". The question, as the....
That being said, scaling decentralized e-voting systems is a complex task. In an interview with Cointelegraph, Charles Hoskinson suggested that a Cardano-based solution might make blockchain voting possible for future national elections. He stated: “Not only do I believe — we've been building the infrastructure for that."Hoskinson acknowledged that the road to Cardano-based elections would be gradual and require a number of experiments. He suggested that it could start with third parties using the network for their primaries, before escalating to municipal and state elections. From there,....
A new Australian political party called Flux is aiming to ‘upgrade democracy’ and change the way Australians vote by using the Flux app built entirely on the blockchain platform. What is the Flux? This is a tool that enables Australians to participate directly with parliament, making the need for trust in elected officials to become a thing of the past. On July 2, the Flux Party are putting up 13 candidates for election to Australia’s Senate in federal elections. By using a cellphone app, Australians who can prove they are registered voters will be able to inform elected represented....
Can a technological fix really combat a corruption-ridden political order? Kyrgyzstan's acting President and Prime Minister Sadyr Japarov has proposed introducing a blockchain-based system to ensure fair elections in the near future and restore public faith in the democratic process. On Oct. 20, Japarov reportedly told Al-Jazeera television channel reporters that: "We have had three revolutions because of unfair elections. If this continues, the unrest and the revolutions will continue. From now on, everything will be fair. I consulted with the Central Election Commission and offered them....