County Treasurer in Illinois accepts crypto donation in reelection bid
The Lake County treasurer plans to HODL the crypto campaign donations in the hopes of a significant price rally for cryptocurrencies. Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations.According to the Chicago Tribune on Wednesday, Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of T Capital Coin, an investment management outfit based in Lake Forest.The Lake County Treasurer who is up for reelection in 2022 plans to accept Bitcoin (BTC) and many of the popular....
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A draft resolution submitted to the Illinois legislature has proposed the creation of a working group dedicated to blockchain technology. House Resolution 120, filed on Wednesday by state representative Michael Zalewski, would establish a 12-person group focused on researching the tech. Public records show that the resolution has been referred to the House Rules Committee for consideration. At its heart, the draft calls for Illinois to investigate how state and local-level governments can utilize blockchain – work that is already being done, in a way, by a consortium of government agencies....
On 1st December, the state of Illinois took its first step in its ambitious multi-agency plan to guide the integration of blockchain technology into government operations. The Illinois Department of Financial and Professional Regulation (IDFPR) announced that it has released for public comment its proposed Digital Currency Regulatory Guidance on decentralized "virtual currencies", which is intended to address inadequacies found in the IDFPR’s interpretation of the state’s Transmitters of Money Act. The release happened at the same time the state’s Department of Innovation & Technology....
Another U.S. county is facing troubles related to crypto mining activities within its territory. This time, the second-largest county in Montana is the protagonist of the story, who will look forward to revisiting local zoning for mining operators. Authorities to Decide on Making Current Rules Permanent According to KPAX, Missoula County authorities seek to hold a series of public hearings addressing the matter. In fact, they are targeting to make zoning rules for bitcoin (BTC) mining activities permanent in the county. The Missoula County Planning Board already held the first....
Legislators are now preparing to welcome BitcoinThe General Assembly of the State of Illinois has announced that it has held a hearing regarding the role of virtual currencies and this meeting included a proposed amendment to Illinois's Transmitters of Money Act. Elizabeth Hernandez, the Democratic representative for area 24 in the Illinois House of Representatives, introduced an amendment to the state's Transmitters of Money Act seeking to clarify the role of cryptocurrencies, and their use, throughout the state. The Financial Institutions Committee hearing took place at 3.30 p.m on....
A new report from Ovum has found that 75 percent of corporate treasures in Africa and Latin America are interested in the solutions that blockchain can deliver to banks. Developed in partnership with Temenos, a Swiss financial services software specialist, the report, Understanding Today’s Corporate Treasurer: The Implications for Corporate Banking Services [PDF], looked at how the priorities and attitudes of today’s corporate treasurer across four main areas of responsibility are changing. These are cash and liquidity management, forecasting and analytics, risk and compliance, and cost....