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Crystal Blockchain to Assist Ukrainian Government With Virtual Asset Monitoring

Crystal Blockchain B.V., “one of the world’s leading manufacturers of software for monitoring of virtual asset transactions” and a subsidiary of Bitfury, is working with The Ministry for Digital Transformation in Ukraine to “verify the origin of transactions,” a press release from the group notes. The platform’s analytics software will be utilized by Ukrainian banks as well as government and private entities to “monitor financial operations.” Crystal has been training the Ministry’s employees to “professionally monitor virtual asset transactions through the platform to be able to verify the origin of any suspicious digital asset transactions,” the release notes. This release…

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Ukrainian Ministry Plans to Track Crypto Transactions With Bitfury

Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury. The Ministry for Digital Transformation of Ukraine, a major government authority behind local crypto regulation, will be implementing Bitfury’s crypto analytics tool to track crypto transactions.As officially announced on July 23, the Ministry has signed an agreement with Birfury’s crypto compliance product known as Crystal.Bitfury’s Crystal to provide crypto analytics expertise to the Ukraininan governmentLaunched by Bitfury in early 2018, Crystal is a software stack that is designed to fight crimes involving cryptocurrencies like Bitcoin (BTC).Crystal employees will now provide the…

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Transparency of Russia’s Blockchain Voting Setup Put Under a Microscope

Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter. From June 25 to July 1, the Russian government held a public vote with the goal of finding out whether the country’s constitution should be amended. Part of the vote was held on blockchain to “ensure security and transparency,” according to the government, making it the country’s most extensive DLT project to date.But this didn’t stop independent researchers from registering over 20 million “abnormal” votes and arguing that it was one of the most falsified voting events in the…

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