Brazilian Presidential Candidate May Last The Nearly Pro-Cryptocurrency Politico We've Always Seen...
"I come across the blockchain equally a protocol that increases the reliability as well as integrity of the data. There are obvious applications, such equally for interbank transfers or to register equally a notary. Another, non then commented, is to purpose the blockchain to follow the productive chain of products. No thing how much ANVISA strives, it could hardly detect out where they position cardboard inwards the meat. With the blockchain, this would non hold upward a problem. We could follow every pace of the production chain of a product, ensuring less bureaucracy as well as to a greater extent than intelligence.
But this is only the beginning. The possibilities of using the blockchain become much further.
It is possible to found digital identities online, electronic voting platforms, increment transparency as well as accountability inwards world management. Facilitate as well as brand transparent bidding processes, amidst many other things."
When asked if he sees cryptocurrency equally a threat to authorities issued currencies, he said:
"I produce non recall they are a threat to the traditional banking system. I come across advantages inwards providing to a greater extent than or less other way of payment for consumers."
He was also asked if he'd consider declaring Bitcoin a legal payment method inwards the province (treating it the same equally USD or the Euro) he answered:
"As a way of payment I come across no doubts that bitcoin tin hold upward understood equally a legal payment method. If both parties desire to telephone substitution a production via bitcoin, I produce non come across whatever legal barriers to doing so. But it must hold upward clear that the province has alone ane national currency, ane that has a legal course, that is, the ane that people are obliged to accept, the real. No other currency, including the dollar, has this characteristic. Only the real. In addition, at that spot are restrictions on the purpose of the dollar for payments as well as equally currency of account, which are the same for whatever other unusual currency, including crypto-coins. The Internet is equally if it were to a greater extent than or less other offshore as well as it is fair that governments compel people to plow over information near what they induce got there, equally they strength them to written report on assets abroad. The cyberspace is non meant to hold upward taxation haven."
The election takes house inwards October, as well as it's already getting nasty. With candidates right away questioning the results earlier voting has fifty-fifty taken place, as reported by Bloomberg.
Author: Adam Lee
Asia News Desk
No comments