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Digital Economy:
What will the global market get

The Russian Bank behind El Petro

15 May 2018  |    349

The Tax Service of the US State of Florida will accept Bitcoin and Bitcoin Cash. A tax office in one of the counties has already settled an agreement with BitPay. It will be possible to pay fees related to driving licenses, car numbers, ID cards and real estate.
This innovation will optimize taxation, reduce risks of fraud, increase security, transparency and accuracy of payments.

The Chinese government intends to publish monthly "independent analysis" of 28 crypto-currencies. The first report will be available in the coming days. They will focus on Bitcoin, Ethereum, Litecoin, Monero and other cryptos, as well as Blockchain projects.
According to the government, there’s a "lack of completely independent ratings" in this area. It is planned that this data will help evaluate the technological efficiency, and provide a better understanding of Blockchain.

The Gemini exchange  added ZCash. Tyler Winklevoss, Gemini’s CEO stated that: "Zcash picks up where Bitcoin left off,” and added: “Bitcoin has many strengths, but privacy is not one of them"
It became the world’s first licensed exchange to trade ZCash. This crypto will be traded for dollars, Bitcoins and Ethereums. Users will be able to make deposits from Saturday, May 19th, and trading will be launched on Tuesday, May 22nd.

A crypto exchange, completely built on Nasdaq’s technology will start operations next month. This platform will become a one-stop point for crypto-trading, counseling services and withdrawals.
The new exchange will not charge commissions for trading, it will be replaced by a monthly fee - about 10 euros. At first, the platform will operate with six of the largest cryptocurrencies. In the future, they will add 20-25 cryptos, including small tokens.
The platform will not be available for American clients, but talks with US regulators is already underway, according Daniel Skowronski, head of DX Exchange, founded in cooperation with Nasdaq.

Venezuela’s national crypto, El Petro is "alive" thanks to the little-known Russian bank Evrofinance Mosnarbank. According to the Associated Press, the accounts of the first El Petro investors were registered in this bank, and the largest shareholders were two large banks controlled by Russian authorities.
Russia has also awarded its “Satoshi Nakamoto Prize” to the government of Venezuela.

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