Law

Blockchain technology is already known to the Sardinian agribusiness. The law proposal presented by the M5S regional councilor Alessandro Solinas, aimed at creating a multifunctional regional IT platform able to reconstruct and follow the path of food through all stages of production in Italy, is an ambitious and great potential goal from the farm to the fork.

The FBI thinks bitcoin can pose a general threat to the USA. During an inquiry on security threats fronting the US and the world at large, an American lawyer serving as a Director FBI Christopher Asher Wray affirmed this to the chief oversight agency dubbed Senate Homeland Security Committee and Government Affairs.

The Italian government is trying to bring about inventions related to Blockchain and distributed ledger technologies (DLTs) that are mostly software and concern systems aimed at improving the functionality and reliability of networks such as enhanced authentication systems and communication protocols, and the efficiency of hardware incorporating these technologies like algorithms.

The Deputy of Five Star Movement (M5S), Jose Marano, brought a proposal to create complete traceability of Sicilian food products inside and outside Italy through Blockchain and distributed ledger technology (DLT).

The traceability of food products through blockchain has become law in Sicily. The Sicilian Regional Assembly, an autonomous entity and a legislative body of Sicily established before the Italian Republic, approved the proposal on Sept. 25, inserted with an amendment to the linked to the financial contained in the text of the law to the art. 6, to achieve complete traceability of Sicilian food products using Blockchain technology.

The Association of Banks of Russia (ADB) has created a decentralized cryptocurrency turnover concept, that suggests to deploy special programs to recognize the owners of digital currencies, according to Anatoly Kozlachkov, ADB vice president. The banks want to completely remove all kinds of obscurity in digital currency transactions and businesses, a thing that will make Bitcoin (BTC) possession facts and figures public.

The Political Group in the United States of America (USA) known as Political Action Committee (BitPAC) has launched an ICO to give strong support to their favorite US House Candidate for public office.

The Russian Ministry of Finance discusses the possibility of allowing the buying and selling of bitcoin and other major types of cryptocurrency. The legislators and the finance ministry are preparing to draft a law on the circulation of digital currency in the country, and the idea of ​​accepting their trading is under a serious discussion, however, the final conclusion on this matter has not yet been reached, according to Deputy Finance Minister Alexei Moiseyev.

As Italy continues with its vision of being Europe's innovation and technology hub, the Municipality of Naples has made a resolution on Blockchain and Cryptocurrency. Now, the crypto community is eager to see how this project will continue to grow. Various accountants, universities, the CNR and many other giant institutions joined this project. The tenacity was received with amusement, but the city of Napoli has proved for another time that it is ahead of the others in integrating law and economics, finance and social participation.