Mastercard hired 175 new developers, including for the creation of blockchain projects.
Exchange of cryptocurrency will be monitored in the framework of the law against money laundering and financing of terrorism.
The Ministry of Finance developed a draft law «On digital of financial assets» was submitted to the Duma on March 20. April 9, the government Commission on legislative activities considered opinion on the draft law compiled by the Ministry of Finance, Ministry of justice, Ministry of communications, Ministry of economic development and the Bank of Russia. According to the document, the exchange of cryptocurrencies in the Russian or foreign currency on the equivalent of 600,000 rubles or more, should be subject to mandatory exchange controls. Rosfinmonitoring believes that operators engaged in the exchange of cryptocurrency, it is necessary to include the organizations referred to in article 5 of the 115-FZ, thereby obliging them to adhere to all national standards to prevent money laundering (under the law against money laundering and terrorism financing, the mandatory control is already applied to «traditional» banking transactions in the amount of 600,000 rubles). The Cabinet also drew attention to the need to tax the profits from transactions with cryptocurrencies and make the appropriate changes to the legislation. Ministry urged to clarify how will be the taxation of mining and what are the accounting rules for cryptocurrency trades. According to Anatoly Aksakov, at the end of the meeting, the government supported the bill and agreed to modify certain provisions for the second reading (the bill came into force, it must pass three readings in the state Duma, and also get the approval of the Federation Council and the President of Russia). President RAKIB Yuri Pripachkin noted that, according to the current version of the bill, transactions with bitcoin can be subject to standard control of banks and Rosfinmonitoring, which the miners will seek to convert mined coins into foreign currency abroad.
The United Arab Emirates announced the blockchain strategy to 2021.
His Highness Sheikh Mohammed bin Rashid al Maktoum, Emir of Dubai, Vice President and Prime Minister of the UAE, has announced plans to implement blockchain-the UAE strategy 2021, the success of which the country should become a world leader in the blockchain industry. The strategy has laid down the principles of happiness of the citizens, enhance government efficiency, as well as the expansion of legislation and global entrepreneurship. According to the plan, the introduction of technology will significantly save the time and money required for transmission of documents up to 11 billion dirham ($3 billion) a year. His Highness believes that the use of the blockchain will increase the quality of life in the UAE and the level of happiness of the population: «By 2021, 50% of government transactions at the Federal level will be carried out using the blockchain. Technology will save you time, effort and resources and will enable people to carry out most transactions in a timely manner — as required by their work and lifestyle,» said Sheikh Mohammed. The government will also support University courses on the technology of the blockchain. Crypto-entrepreneur, managing partner of Full Tilt Capital Anthony Pompliano supported this policy, saying that «the virus is spreading, and even the government caught the wave».
Zcash for completed another ceremony, «Powers of Tau», approaching to implement the hard forks.
Based on anonymous cryptocurrencies is the zcash for Protocol Zero Knowledge Proof (the proof with zero disclosure). To create and confirm the evidence you need to set the public parameters. But if an attacker discover the algorithm for their task it will be to create your own false evidence. Because zcash for holds closed the ceremony, «Powers of Tau», which narrow the circle of participants generates a random code for the record. Participants then get rid of the «toxic waste,» breaking the computers that generated the data. Shaun Bowe, a member of the zcash for Foundation, announced the completion of another ceremony in newsletter: «All participants did a great job, I am very pleased with the variety and openness of the ceremony. Many members of the crypto community took part or watched what was happening.» The event was attended by about 90 participants, each of which used a unique method to generate «cryptographic toxic waste», — reported on GitHub zcash for Foundation. The ceremony was held in the eve of the second of the two hardforce planned for this year, Sapling (first hardwork, Overwinter, is also not yet implemented and should be held on 25 June). Sapling adds a zcash for support of new functionality, including the way disclosure of information about payment transactions between blockchains and tokens zcash for release. In January, during one of the previous ceremonies, «Powers of Tau», the developers used to generate random numbers of the Chernobyl nuclear waste. Edward Snowden recently revealed that zcash for is the most interesting cryptocurrency, because «its performance privacy is really unique.»
The robbers who attacked the bitcoin brokers in Singapore, awaiting corporal punishment.
The crime was committed on 8 April. The two brokers agreed to meet with the alleged sellers of cryptocurrency. However, during a personal meeting, they never received bitcoin, but instead lost $365,000. The police were able to quickly identify the personality of criminals, and now they are threatened by imprisonment from 5 to 20 years and at least 12 strokes of the cane.