Report urges US government to focus on blockchain, crypto and a ‘digital dollar’
Will the new Biden–Harris administration be able to enforce a technology strategy focused on blockchain, cryptocurrency and digital assets? As the COVID-19 pandemic unfolds, the Biden–Harris administration has begun implementing new strategies to restore the U.S. economy. While notable, implementing emerging technologies, while ensuring data privacy, should also be a top priority for the White House administration to consider.Don Tapscott, executive chairman of the Blockchain Research Institute — a think tank aimed at advancing blockchain and other emerging technologies — told....
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A new report from the UK Government Office for Science has recommended a broad government effort to explore and test blockchain and distributed ledger technology. The report, spearheaded by the government's top scientific advisor Mark Walport, contained proposals aimed at pushing for segments of the UK government to pursue applications of the technology. The recommendations include the development of standards for the technology's use; the creation of new roles in the government to demonstrate proofs-of-concept; and the establishment of a roadmap for further exploration and utilization.....
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments. The U.S. Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable.According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments, particularly when it comes to ransomware attacks. The government plans to address cybersecurity and crypto’s role as payment in such attacks. The report comes as the State Department recently announced its Rewards for Justice....
The U.K.’s chief scientific adviser has urged the government to adopt the blockchain technology that powers Bitcoin to run various public services, BBC News reports. The recommendation comes in the form of a new report produced by the U.K. Government Office for Science, edited by Sir Mark Walport, chief scientific adviser, which looks at the future of distributed ledger (or blockchain) technology and advocates the use of blockchains for a variety of services. The report, titled “Distributed ledger technology: beyond block chain,” explores how distributed ledger technology can revolutionize....
Non-profit organization Public Citizen has urged the US Office of Government Ethics (OGE) and Department Of Justice (DOJ) to investigate the TRUMP memecoin and the potential violation of federal law barring gift solicitation by US President Donald Trump. Related Reading: Coinbase Urges US Regulators To Remove Crypto Banking Barriers In New Letter – Report DOJ […]
Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead. He further urges the government to encourage crypto services. Indian Government Should Regulate Cryptocurrencies and Encourage Crypto Asset Services Subhash Chandra Garg said Thursday at a virtual event organized by industry body Assocham that the Indian government should regulate cryptocurrencies instead of prohibiting them, PTI reported. He elaborated: I don’t think we still have....