5 Worldwide Government Officials Who Support Cryptocurrencies

Mistrust and friction have long characterized the cryptocurrencies-government relationship. While crypto purists swear by its holy grail of decentralization, the government insists on regulating the sector as it does many others. The result is constant bickering between both camps. Today the relationship is so unhealthy that some governments have instituted crackdowns on crypto activities within their jurisdiction. Take China, for instance. Recently it has issued decrees that have left the whole crypto sector reeling from their effects. India is another…

Government Officials Can Help Drive Crypto Adoption Mainstream

Government officials may be the key to supporting cryptocurrency mainstream adoption in the long term. This year's wild fluctuations in crypto prices have alarmed investors, Wall Street, and even regulators are weary. Yet, the cryptocurrency space is still young, and a lot is yet to explore. Government officials should chip in to drive mainstream adoption of cryptocurrencies. It could, after all, be the currency of the future.  Toning Down Crypto Regulation Cynthia Lummis, a government official, has stated some exciting…

What Happens After Authorities Seize Cryptocurrency?

Is it legal to seize cryptocurrencies? Who retains the ownership of these coins? Is it the regulators? If you're a crypto enthusiast, these are some of the questions you've probably asked yourself. While cryptocurrencies offer privacy and censorship resistance, this is only to a particular extent as government authorities can seize them if used to facilitate crime and finance terrorism. As crypto adoption continues to escalate, there has been a consequent rise in crypto seizes. The first substantial confiscation of…

Total Transparency: How Blockchain and Cryptocurrencies Can Curb Corruption

The advancement in technology has improved transparency and accountability in many sectors to reduce cases of corruption.  These days, the money funded to steer development projects can be tracked up to the last coin, but has it been able to curb corruption? Criminals still find their way to carry out their illegal dealings. Blockchain technology provides an efficient way of curbing corruption in government institutions as well as private institutions alike.  This article focuses on how blockchain technology can help…

Cryptocurrency Regulation Hurdles: Citizen Protection or DeFi Sabotage?

Are governments keen to regulate cryptocurrencies to prevent financial fraud and protect citizens, or are they using regulation to Stifle Decentralized Finance? "What Was TON And Why It Is Over" is the title that was given to the parting statement made by Telegram's co-founder after Telegram was recently forced to abandon the TON blockchain project. After a continuous legal battle with the US Securities Exchange Commission (SEC), this ensued, which accused Telegram of conducting an illegal ICO sale and issuing…

Managerial Changes at OKCoin; Tim Byum is the New GGRO

OKCoin is currently leading in digital asset exchange, and it operates in about 184 countries. OKCoin, on March 6th, announced the appointment of Tim Byun as OKGroup's GGRO (Global Government Relations Officer).  In similar changes, Hong Fang, OKGroup's current company chairman, was announced as the CEO, changes that will take effect on March 31st, 2020.  Mr. Byun's role in the creation of OKCoin, especially in the US, was excellent, with him propelling the company to launch its first US office.…