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Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting

Russia’s Ministry of Finance has proposed new amendments to the country’s coming law on crypto assets that could soften the requirements for cryptocurrency taxpayers, news agency RBK reported Thursday.According a package of draft bills, individuals must report their holdings if annual transactions exceed 600,000 Russian rubles (about $7,800). In a

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Ukrainian Ministry Plans to Track Crypto Transactions With Bitfury

The Ministry for Digital Transformation of Ukraine, a major government authority behind local crypto regulation, will be implementing Bitfury’s crypto analytics tool to track crypto transactions.As officially announced on July 23, the Ministry has signed an agreement with Birfury’s crypto compliance product known as Crystal.Bitfury’s Crystal to provide crypto analytics

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Ukraine’s Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software

Ukraine’s Ministry of Digital Transformation signed a deal last week with BitFury’s crypto-tracing spin-off Crystal Blockchain B.V. to kick-start the government’s virtual asset monitoring initiative, a company executive told CryptoX. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a

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Ukraine Won’t Regulate Crypto Mining, Government Ministry Says

Ukraine's Ministry of Digital Transformation has indicated it won't be creating regulations for the crypto mining sector.In a document published on Friday, the government branch responsible for the digitization of Ukraine's economy listed the main principles of the country's approach to the crypto assets.The main goals for the government in

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UAE Health Ministry Debuts Blockchain Platform for Medical Data

The UAE's Ministry of Health and Prevention (MoHAP) together with the Ministry of Presidential Affairs, Dubai Healthcare City and other relevant authorities has launched a blockchain-based health data storage platform.According to The Emirates News Agency on Feb. 2, the blockchain-based platform aims to improve the efficiency of MoHAP and

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UAE’s Social Ministry to Grant $16K in Blockchain Contest

The United Arab Emirates’ Ministry of Community Development (MOCD) will host a competition for developing blockchain software in the social sector.Driving blockchain for awareness and social careThe MOCD announced its “Social Blockathon” competition with a total prize fund of $16,300 to encourage the development of blockchain-based applications for educational,

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Malaysian Ministry of Education Fights Fake Degrees With Blockchain Tech

The Malaysian Ministry of Education has introduced E-Skrol, an application built on the NEM blockchain to deal with the issue of certificate fraud through the use of blockchain technology.In a Sept. 19 article by local news agency Bernama, the Ministry of Education in Malaysia announced that the previously introduced

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