Europe

The potential benefits of the universal income system have been discussed by many countries. Finland however, is the only country which attempted to use this system for designed to aid low-income individuals.

Roskomnadzor is suing both the social media giants Facebook and Twitter. This a result of both giants failing to comply with 2015 Russian Data Regulation.

Xolaris has launched a European private-equity fund focused on Bitcoin mining. The timing of the launch comes as a surprise to many experts, mainly because of Bitcoin’s market price went down. Nevertheless, the German investment firm Xolaris intends to raise between 34 and $57 million for the project’s 4-year period…

The Norwegian Government has just stopped a subsidy which helped a lot of miners make ends meet. With the current market situation it’s unclear if mining will remain profitable for Norwegian miners.

Even with the somewhat unfavourable views on cryptocurrencies, Russia and Eastern Europe race to gear themselves for the financial future. Government restrictions, FUD and speculations cannot stop the financial evolution.