The government of Montenegro has taken the first step toward becoming a blockchain innovation centre by issuing Vitalik Buterin, the founder of Ethereum, a Montenegrin passport. Buterin will assist the country in integrating blockchain technology and becoming more appealing to investors.
Buterin, Spaji, and other officials debated the legality of blockchain technology, smart contracts, and other topics during the ‘Future Now!’ debate organised by Montenegro’s Finance Minister Milojko Spaji on April 7th. According to the local news outlet, ‘Media,’ Buterin and other government officials discussed ways to regulate cryptocurrencies in Montenegro during a meeting on April 4th.
Minister Spaji stressed the need for Montenegro to be strict on cybercrime in the crypto industry. Buterin obtained his new passport in a photo published by Milojko Spaji, the Minister of Finance and Social Welfare. Montenegro’s government is currently looking at the complicated regulatory issues that come with incorporating blockchain technology into its various systems.
The Future Now! speakers focused on how people may utilise blockchain to legally form a community, as well as legally verify their identity and protect themselves from identity theft. According to Mamlyk, decentralised autonomous organisations (DAO) might provide DAO tokens for users to validate their membership while maintaining their privacy. Buterin, on the other hand, believes that dealing with evil actors requires “no miracle one-line concept.”
Buterin responded to Wyoming, which recognises DAOs as legal organisations, when asked if Montenegro should allow corporations to register as DAOs. He believes that implementing a decentralised government in this way is a “good first step” and “a good place to start” for Montenegro.
Will this make Ethereum expand in Montenegro?
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