Crypto Gains Ground in Countries Across the Globe, Makes it Hard for Haters to Resist

Australian government seeks Assistance and Access, only Petro for passports in Venezuela, ICO regulation in the UAE by 2019, ESMA assigns 1M for crypto regulation, crypto expert assigned as Minister of science, technology and IT in Japan, Israel to secure its messaging system with blockchain, Argentina’s economic crisis calls for Bitcoin ATMs

  • Australian government seeks to pass a bill, Assistance and Access, that will allow the government the power to ask for assistance from companies to retrieve information, demand information from the company, and build features that allow it to access information with consent. This is seen as a threat to the decentralized use-cases of the blockchain that work on principals of privacy and protection. Similar attempts are being made by governments all across the globe.

ADCA is delighted that Independent Reserve has achieved certification under the Australian Digital Currency Industry Code of Conduct. Certification under the Code of Conduct provides external confirmation of adherence to best-practice standards through verification by an independent auditor.

Nick Giurietto, CEO and MD at ADCA

  • The Venezuelan government, from the coming week, will make it a mandate for citizens to pay for passports services in Petro, the oil-backed cryptocurrency of Venezuela. Report from Bloomberg suggests the registration price is kept four times the monthly minimum wage in the country which will indeed make it more difficult for an average Venezuelan to fly across the border.

We are in front of us — warned the deputy Jorge Millan during the parliamentary debate — to a new fraud, disguised as a solution to the crisis. This incompetent government wants to compensate for the lack of oil production with these virtual barrels.

Venezulean Parliament

  • The Blockchain enthusiasm soars to yet another level in the UAE with the news of allowing and regulating ICO in the first half 2019. Also, on 8th October, Live Bitcoin News reported the soon-to-happen partnership of Dubai with two crypto company in an attempt to give way to retail purchases, bills and school fees.

Bringing blockchain-based payments technology into the government sphere is a major development for the technology. But to be able to bring it to one of the great cities of the world and the most advanced economy in the Middle East makes today a historic moment for the real-world application of a technology that has promised so much potential until now.

Pundi X CEO, Zac Cheah

Today, the cryptocurrency ATMs in the world are growing exponentially. In Argentina, there were no commercial ATMs and the idea was to be the first to capture the market. With currency devaluations, we have seen a spike in bitcoin transactions. We see that as a safeguard to (the peso’s) value, as well as an opportunity to invest in the market.

Dante Galeazzi, Argentina operations manager for Athena Bitcoin

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