European CB to be Urged to Create Own Crypto

The document, urging EU Central Bank to study the possibility of issuing own cryptocurrency was prepared by the Finnish representatives
06 November 2019   195

The European Central Bank (ECB) should consider issuing its own digital currency. This is allegedly stated in the draft document prepared by the Finnish representative in the EU, reports Reuters.

The ECB and other EU central banks could usefully explore the opportunities as well as challenges of issuing central bank digital currencies including by considering concrete steps to this effect.

Finnish EU Presidency Draft

At the same time, the document indicates the need for a clear regulatory framework for working with digital currencies. One of these steps could be the ban on the “most risky” cryptocurrencies.

The proposal may be discussed on 5th December.

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.

Nomandic Labs

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.