Bermudas to Accept Tax Payments in USDC

Local government said the decision is part of a broader initiative to use “decentralized financial protocols and services"
17 October 2019   174

In Bermuda, they were allowed to pay taxes and government fees in the stablecoin USDC. This is the first time in history.

The UK overseas government said the decision is part of a broader initiative to use “decentralized financial protocols and services.”

Circle launched stablecoin a year ago. To promote it, the company created a CENTER consortium. Security reserves have been independently audited several times.

Circle CEO Jeremy Allair called the Bermuda authorities step natural, as the Bermuda dollar is pegged to the US dollar at a 1: 1 ratio, just like the USDC.

French Gendarmerie to Use Tezos Blockhain

Gendarmerie Cybercrime Division (C3N) is "validating judicial expenses" with Tezos blockchain
21 November 2019   57

The French Gendarmerie Cybercrime Division (C3N) uses the Tezos blockchain. The agency launched its first smart contract in September.

According to a press release, C3N uses blockchain to control the costs incurred during investigations.

Debuting on the Tezos network, this is one of the first examples of a government entity using a smart contract for operational purposes. The new program allows C3N to acquire cryptocurrency from Europol-allocated funds in order to cover operational costs.
 

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The new program also allows C3N to purchase cryptocurrency with funds allocated by Europol to cover operating expenses.

The statement noted that the smart contract was specifically designed so that C3N confirms costs without the risk of disclosing operational activities and problems for ongoing investigations.