THELOGICALINDIAN - In contempo authoritative account a address appear by Diar has begin that US government agencies accept paid about 57 actor USD to blockchain assay contractors Indias Enforcement Directorate has bedeviled 59 Actor account of assets affiliated to the case of Amit Bhardwaj and the Bank of International Settlements finds cryptocurrencies to not at this point affectation a all-around banking adherence risk
Also Read: Mt Gox Bankruptcy Trustee Sells Approximately 25,000 BCH and BTC
U.S. Government Agencies Have Spent $5.7 Million on Blockchain Analysis Contracts
A address appear by Diar has asserted that accessible annal appearance U.S. government agencies accept entered into $5.7 actor account of affairs with blockchain assay companies.
The address finds that the Internal Revenue Service (IRS) accounts for the better allotment of spending on blockchain assay – accepting spent $2,191,835 on 9 abstracted contracts, or 38% of the total. Surprisingly, the additional accomplished spender is the U.S. Immigration and Customs Enforcement (ICE) – spending $1,537,945 on 9 affairs (27%). The Federal Bureau of Investigation (FBI) is the third better spender – with $1,142,671 spent on 12 affairs (20%).
The actual 15% comprised sums amid almost $117,000 and $330,000 that were spent by the Fiscal Service, Drug Enforcement Administration, Securities and Exchange Commission, and Commodity Futures Trading Commission respectively.
Diar additionally addendum that “Since the alpha of the year, the bulk that the government agencies paid to blockchain assay companies added than tripled.”
Indian Authorities Seize $5.9 Million in Assets Linked to Amit Bhardwaj Case
India’s Enforcement Directorate has seized assets in India and Dubai account 428,800,000 Indian Rupees (approximately $5.9 actor USD) apropos to the case of crypto ponzi arbiter Amit Bhardwaj.
The bedeviled assets accommodate six offices in Dubai endemic by Mr. Bhardwaj, and the coffer balances and flats endemic by two of Mr. Bhardwaj’s assembly – Hemant Bhope and Pankaj Adlakha.
The seizures appear as Delhi Police afresh took aegis of Amit’s brother, Vivek Bhardwaj, aftermost week. Vivek is accused of defrauding the buyer of a Delhi-based IT close of 10,900,000 Indian Rupees (roughly $150,000 USD).
Cryptocurrencies “Do Not […] Pose a Global Financial Stability Risk” – BIS Report
The Bank of International Settlements, generally dubbed ‘the axial coffer to axial banks’, has appear a address asserting that cryptocurrencies “do not, at this point, affectation a all-around banking adherence risk.”
The address finds that “cryptocurrencies do not arise to present macroeconomic or banking adherence issues,” and that “new types of crypto-products, such as crypto-funds and derivatives on cryptocurrencies and crypto assets, actualize added linkages with the banking system.”
BIS additionally asserts that “While cryptocurrencies are generally anticipation to accomplish out of the ability of civic regulation, in actuality their valuations, transaction volumes and user bases acknowledge essentially to account about authoritative actions,” and “Because they await on adapted banking institutions to accomplish and markets are anecdotal beyond jurisdictions, cryptocurrencies are aural the ability of civic regulation.”
Despite acknowledging no clear-sighted blackmail to banking stability, BIS urges regulator to “remain vigilant” and “monitor developments and acknowledge to abeyant threats.”
Do you apprehend that U.S. government spending on blockchain assay will abide to access year-over-year? Share your thoughts in the comments area below!
Images address of Shutterstock, Inc42, Wikipedia
The Bitcoin cosmos is vast. So is Bitcoin.com. Check our Wiki, area you can apprentice aggregate you were abashed to ask. Or apprehend our news advantage to break up to date on the latest. Or burrow into statistics on our helpful tools page.
