Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

South America

Brazil

Brazilian Deputy David Miranda Receives Death and Ransom Threats: According to reports, Brazil’s Socialism and Liberty Party’s Deputy, David Miranda, has received significant threats after his partner and journalist Glenn Greenwald revealed the talks between Justice Minister Sérgio Moro and prosecutor Deltan Dallagnol.

He received the threats via an email, threatening to “blow up the deputy’s mother’s head” while asking for $ 10,000 in Bitcoins as blackmail to avoid such a calamity. The Federal Police of Brazil has been notified and is currently looking to hunt down the proponents.

Federal Deputy Eduardo Cury proposes a joint discussion of projects to regulate Bitcoin in Brazil: Federal Deputy, Eduardo Cury, has filed an application to the Chamber of Deputies asking for the unification of two bills aimed at regulating crypto-coins in Brazil.

The bills 2060/2019 and 2303/2015 were proposed by Federal Deputy Aureo Ribeiro (SD -RJ) and look to regulate virtual currencies to ensure transparency of transactions while reducing the possibilities of frauds and illegalities. Cury proposed that the joint approval of the propositions will “speed up the legislative process” as the content is very similar. Cury’s application has been submitted to plenary and still needs to be approved.

Febraban and CIP announce national blockchain for the financial sector: Febraban (Brazilian Federation of Banks) and CIP (Interbank Payment Chamber) announced the launch of the Blockchain Network of the National Financial System (RBSFN) during the CIAB Febraban event in São Paulo.

As per the statements, this initiative will look to enhance the sharing of information between partner institutions while offering better data protection from the first access. RBSFN employs IBM’s Hyperledger Fabric technology already used by several banking institutions such as JP Morgan, Itaú, Banco do Brasil, Bradesco, and the state bank Caixa Econômica. Advertised as the “Device ID”, the project was first introduced in February last year and is now being implemented after rigorous validation by all the involved parties.

Brazilian associations affirm that IRS can review IN details related to crypto: Brazilian Association of Cryptotomes and Blockchain (ABCB) and Brazilian Association of Cryptoactive (ABCripto) recently met with the Federal Revenue (RFB) to discuss the contents of the Normative Instruction (IN) 1,888/2019. According to reports, IRS has committed to “evaluate provisions of the Normative Instruction”, although the exact items under discussion are still unclear.  The meeting didn’t lead to any changes in the IN, but according to the president of ABCB, it was “very positive” as it successfully conveyed the “the seriousness of the sector” in this matter.

Federal deputies propose a bill to legally force the use of blockchain in Brazil’s public service: Federal Deputy of NOVO, Tiago Mitraud along with four other members, have filed a bill in the Chamber of Deputies (PL) that would make the use of blockchain in Federal Government applications mandatory.

The proposal asks for the integration of blockchain into public services along with the establishment of guidelines to create a “Digital Government”.  If implemented, it would make Brazil the first country to legally require the usage of Blockchain technology within the state organs.

Venezuela

Can Blockchain Help Rebuild Venezuela?: Last month, 4000+ experts from public and private spheres gathered in NYC for the annual flagship event, Blockchain Week, to focus on pulling Venezuela out of the economic and political crisis using Blockchain. These experts pointed out 4 four fields where Blockchain could be effective, namely humanitarian aid, digital identity, data transfer, and e-government.

For humanitarian aid, the estimated cost of rebuilding the economy is $15 billion a year, which could be transferred using cryptocurrency to ensure transparency. Similarly, the crisis of lack of identity documents for Venezuelan migrants can be solved using Blockchain-based ID applications. Data on the 3.5 million Venezuelan migrants, with 60% of them having irregular legal status, can be collected using stand-alone or digital identity blockchain tools to create a secure regional database. And lastly, the problem of alleged corruption in the elections can be resolved using blockchain based e-government and voter registration similar to the model of Estonia.

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BitcoinNews is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews: https://t.me/bconews

Image Courtesy:
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