The Indian government does not plan to recognize bitcoin as a currency, finance minister Nirmala Sitharaman said on Monday.During a question and answer session in the parliament, Nirmala Sitharaman also said that the government does not collect data on bitcoin transactions, according to a report from local news site Mint.The Reserve Bank of India (RBI) is also working on the … [Read more...] about India Has No Plans to Recognize Bitcoin As Currency; RBI Working On CBDC Rollout: Reports
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Australian digital finance industry wants to legally recognize DAOs
Specialists and lawyers focused on decentralized finance (DeFi) are launching an initiative to create a new type of legal entity in Australia representing decentralized autonomous organizations (DAOs).The country's Digital Law Association and global law firm Herbert Smith Freehills are lobbying an Australian Senate committee to formally recognize new decentralized models for … [Read more...] about Australian digital finance industry wants to legally recognize DAOs
Iowa House approves bill to legally recognize blockchain smart contracts
On March 29, the Iowa House of Representatives passed a bill that seeks to legally recognize transactions and registrations made via blockchain smart contracts. The bill — SF541 — gained Senate approval earlier in the month. Under the auspices of the new bill, smart contracts would be given the same legal status as regular contracts, while distributed-ledger technology would be … [Read more...] about Iowa House approves bill to legally recognize blockchain smart contracts
This U.S. state could legally recognize Ethereum DAOs
DAOs are heralded by many to be the next step in the evolution of cryptocurrencies and blockchain technology, and one US state could end up taking that leap of faith…legally speaking.DAO bill in WyomingThe Wyoming DAO bill passed the Wyoming Senate committee and would soon begin to vote on a bill that allows the formation and operation of legally recognized decentralized … [Read more...] about This U.S. state could legally recognize Ethereum DAOs