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Russia to Recognize Bitcoin as Property With Legal Protection


The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During...

South Korean SME Minister Sings Praises of Blockchain-powered Payments


A South Korean minister has been championing blockchain-powered payments, claiming they have the power to transform the business landscape for smaller businesses in the country. Per News1, the comment came from the country’s Minister of Small and Medium Enterprises and Startups Park Young-sun,...

Chinese Firms Could Take Global Blockchain Lead, Says Former Minister


A former Chinese IT minister says blockchain is still in its infancy and Chinese firms are poised to take the global lead – while there is also evidence to suggest that China’s mega tech companies are making steady progress with their blockchain projects. Per The Paper, Wu Zhongze, a leading...

Inflation Hit Ethiopia Demonetizes Currency To Curb Cash Hoarding


The Ethiopian government has unveiled a new set of banknotes that are expected to help authorities in curbing cash hoarding, illegal trade and illicit financial flows. The move is also aimed at boosting the liquidity of banks that are struggling to cope with Ethiopia’s cash-based economy....

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