South Korea Blocks Access to Crypto Trading for Soldiers

Starting Monday, the ministry began blocking access to online cryptocurrency trading systems at internet cafes on military bases
17 January 2018   822

Ministry of National Defence of the Republic of Korea announced on Monday that it  is considering various regulatory measures against cryptocurrency as it could harm soldiers' morale. This is reported by The Korea Times.

Starting Monday, the ministry began blocking access  to online cryptocurrency trading systems at internet cafes on military bases.

We are going to announce specific countermeasures for cryptocurrency transactions made in military units. The ministry is in internal talks to confirm whether it is against military regulations.

 

Ministry of National Defence statement

The defense ministry also said it will offer a series of financial education programs for soldiers, as it is hard for them to access financial and banking information inside military camps.

Bitcoin Questions included into Dutch High School Exam

Bitcoin-themed mathematics questions have been cut-in in recent high school matriculation exams in the Netherlands
18 May 2018   97

About 200,000 Dutch students are to have taken the OVW exam, a obligatory test for students who wish to get tertiary education in the Netherlands. The testing list  included five bitcoin-themed questions.

Students were offered to solve five different mathematical problems. The questions asked that students “calculate in what year the amount of bitcoin exceeded 18 million,” “calculate from which year on the reward will be less than one bitcoin,” “determine the maximal amount of bitcoin that can be in circulation.” The resolution  of the issues was supposed to base on the formula used to employed to solve the questions.

Such kind of changes in testing for students is connected with the growing  recognition of cryptocurrency by the Holland’s institutions. In March, the Court of Amsterdam defined that bitcoin owns “properties of wealth” at the same time  adjudicating a civil rights occasion between an individual seeking repayment from an unfulfilled contract pertaining to bitcoin mining. The court ordered that “bitcoin represents a value and is transferable” and “thus shows characteristics of a property right. A claim for payment in Bitcoin is, therefore, to be regarded as a claim that qualifies for verification.”

Recently, Rob van Gijzel, the ambassador of the Dutch Blockchain Coalition, revealed a national blockchain research agenda, which had been accredited by the Dutch Ministry of Economic Affairs and Climate Policy. The ministry had established a designated committee, TopTeam ICT, appointed to analyze the potential legal, economic, and ethical implications of distributed ledger technology in the country.