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Obscure Cryptocurrencies Lack Attention from the U.S. Government, – R. Novy Says

Obscure Cryptocurrencies Lack Attention from the U.S. Government, – R. Novy Says

A U.S. Secret Service official called Congress on to consider potential legislative action towards cryptocurrencies that boast privacy-enhancing features.

Before the U.S. House of Representatives Committee on Financial Services, Robert Novy claimed that cryptocurrencies and services intended to obscure transactions require a particular attention from the government. But, no active measurements are expected anytime soon. 

"As such, continued Congressional attention is warranted to ensure law enforcement agencies maintain lawful access to critical sources of evidence, regardless of where, or in what form, that information is stored," Novy stated.

State of India Adopting Blockchain Technology for Governmental Operations

State of India Adopting Blockchain Technology for Governmental Operations

As a blockchain innovation trailblazer in the subcontinent, the Indian state of Telangana has signed MoUs (Memorandum of Understanding) with diverse blockchain-based startups and experts to enlarge the use of the prospering technology in administrative operations.

Making State Administration See-Through

Telangana's I.T. and Industries head Jayesh Ranjan mentioned the implementation of blockchain in "six or seven" government applications. Previously, the state had tested blockchain-based land registry and pension platforms to increase transparency and decrease the risk of frauds in two spheres dominated by intermediaries. read more