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Cryptocurrency Donations for Japan Politicians Approved by the Law!

  • Denis Sinyavskiy
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    Japan's internal affairs and communications minister said that Japanese politicians can accept cryptocurrency donations without revealing the amount and details.

Cryptocurrency Donations for Japan Politicians Approved by the Law!
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According to Reuters, Japanese Minister of Internal Affairs and Communications Sanae Takaichi said at a press conference that politicians and parties have every right to accept cryptocurrency donations.

One for me, one for you

It is said that under the Political Funds Control Law, donations in the form of digital currencies should not be disclosed, unlike cash and securities. Such permission does not impose any restrictions on the size of donations. As the minister herself says:

“Cryptographic assets do not fall under any of the above [regulations], and don’t limit donations.”

Lead or be led

The active development and popularization of cryptocurrencies will ultimately lead to the fact that issues of taxonomy and government will fall on the shoulders of Japanese politicians themselves, Takaichi notes.

“Because it will limit the political activities of politicians, it will be a problem to be discussed by each party and each group.”

However, such a permit does not open new doors for political parties in Japan, because the country's cryptocurrency industry is tightly regulated by the Financial Services Agency.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
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    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
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Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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