Malta’s Regulatory Framework Has Attracted Crypto Players, but International Watchdogs and Local Opposition Are Skeptical

Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media. Malta is renowned for its crypto-friendly politics, whose efforts in the field have earned it the moniker of “blockchain island.” However, its push for becoming the international crypto hub has attracted criticism from both global watchdogs and local opposition. Crypto-friendliness is one of the main priorities for the Maltese government On Jan. 24, the Times of…

Malta’s Regulatory Framework Attracts Crypto Players, but Int’l Watchdogs and Local Opposition Are Skeptical

Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media. Malta is renowned for its crypto-friendly politics, whose efforts in the field have earned it the moniker of “blockchain island.” However, its push for becoming the international crypto hub has attracted criticism from both global watchdogs and local opposition. Crypto-friendliness is one of the main priorities for the Maltese government On Jan. 24, the Times of…

Maltese Parliament Rejects Claims of Inactivity on Cryptocurrency by Opposition Leader

The embattled leader of Malta’s opposition Adrian Delia has faced a fresh backlash over his criticism of the government’s pro-cryptocurrency stance. Delia’s comments were reported by national daily newspaper The Malta Independent on Jan. 6. Malta, whose president Joseph Muscat regularly praises both cryptocurrency and blockchain technology, has sought to become what it describes as a “Blockchain Island.” Despite signing a wealth of agreements and conspicuously welcoming crypto businesses such as crypto exchange Binance to its shores last year, Delia is not convinced about the current trajectory. For Delia, a…

Thailand’s Main Opposition Party Holds Primary Election on Blockchain

Twitter Facebook LinkedIn Thailand’s Democrat Party, the country’s main opposition party has become the first major political party in the world to carry out primary elections entirely on a blockchain. Using a live e-voting system powered by the Zcoin blockchain, the party successfully conducted its primaries which involved more than 120,000 voters between November 1 and November 9. In an election of many firsts, it also marked the first time that a major Thai political party selected its leader using input from the generality of party members ahead of the…

Thailand’s Main Opposition Party Holds Primary Election on Blockchain

Twitter Facebook LinkedIn Thailand’s Democrat Party, the country’s main opposition party has become the first major political party in the world to carry out primary elections entirely on a blockchain. Using a live e-voting system powered by the Zcoin blockchain, the party successfully conducted its primaries which involved more than 120,000 voters between November 1 and November 9. In an election of many firsts, it also marked the first time that a major Thai political party selected its leader using input from the generality of party members ahead of the…

The Prime Minister of Czech Republic has accused the opposition of Bitcoin mining 

Prime Minister of Czech questions the bitcoin mining operations  The mining of bitcoin and other cryptocurrencies have become a huge topic in the Czech Republic politics. There has been an unexpected political discussion between the Prime Minister of Czech, Andrej Babis and a few oppositions from the Czech Pirate Party and is now the center of attention. The Prime Minister has accused the opposition of pushing the mining of bitcoins which serves no real functionality to what is currently needed in society. The Czech publication that goes by the name Hospodarske Noviny…

Senior Opposition Member Demands Probe Into ‘Mega Bitcoin Scam’

An official from Indian opposition party the Indian National Congress (INC) has demanded a probe into a “mega Bitcoin scam,” The Hindu reports July 5. The scam supposedly involves leaders of the majority Bharatiya Janata Party (BJP). Senior INC member Shaktisinh Gohil alleged that BJP officials were complicit in a “multi-layered” scam to launder money, which he claims the Criminal Investigation Department (CID) of Gujarat have estimated at Rs 5,000 crore, or about $723 million. The Hindu reports that the INC has demanded that the Supreme Court monitor an official…