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China’s Congress Proposes Blockchain Development Fund

National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the "Two Sessions" or "lianghui" meetings. These meetings have been ongoing since May 22. The National People’s Congress, or

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Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail

Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported.According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines

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China’s Central Bank Proposes a Blockchain-Based Trade-Finance Platform

A number of governing entities in China recently came together to issue an official document, proposing the development of a blockchain-based trade finance platform.Contributors included the People's Bank of China, the China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau.In the document, the four organizations submitted

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US Congressman Stephen Lynch Proposes $25m Blockchain Bill for Transparency and Efficiency For Healthcare Supply Chain of National Stockpile – Blockchain News, Opinion and Jobs

US Democrat Congressman Stephen F. Lynch, a ‘Southie’ from South Boston with nine succeeding Congresses since 2001 under his belt, introduced a bill in late April

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Vitalik Proposes Solution to ‘Embarrassing’ Lack of Bitcoin–Ethereum Bridge

Ethereum co-founder Vitalik Buterin posted a tweet on March 24 claiming that the continuing lack of easy movement between the Ethereum and Bitcoin networks was embarrassing.As a solution, he proposed putting resources into building a decentralized exchange (DEX), to act as a trustless bridge between the two.DEX should be

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New Zealand Proposes to Free Crypto From Some Taxes to Promote Growth

New Zealand’s tax authority has issued new proposals on the Goods and Services tax (GST)-related policy in regard to cryptocurrencies and is seeking public feedback on the issue.On Feb. 24, New Zealand’s Inland Revenue Department (IRD) released a paper, which includes proposals on the improvement and simplification of tax

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US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

Presidential candidate Michael Bloomberg proposed creating a regulatory framework for cryptocurrencies in a new financial regulation plan unveiled Monday.Bloomberg's campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all

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