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Crypto Weekly Overview: Queen Of England considers crypto as cryptoassets.

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Crypto Weekly Overview: Queen Of England considers crypto as cryptoassets.

This is a crypto weekly roundup of some notable events in the space around the world.

Jack Dorsey had the first Bitcoin meet-up in Nigeria.

Bitcoin Meet-up: Twitter CEO, Jack Dorsey At A Bitcoin Meet-up In Nigeria. Some personalities at the meet-up include Munachi of yellowcard.io and Yele Bademosi of Binance.

Queen of England rules recognises crypto as cryptoassets.

The Her Majesty Reserve Custom’s approach in the policy paper is conservative and it is in line with other countries’ tax treatment for cryptocurrencies. The HMRC explicitly states that it does not consider crypto as a currency, and the policy paper uses the term “cryptoassets” and not cryptocurrency.

Suspected Ponzi Scheme IBNaira writes open later to EFCC.

iBSmartify Nigeria is under the umbrella of Inks Blockchain Foundation (InksNation.io) according to Halkmarknews. Inksnation wrote an open letter to Economic and Financial Crimes Commission through twitter  on 8th of November, 2019. 

Inksnation claims it can end poverty in the country in six to nine months through iBLedger (Blockchain For-Social-Good). It claimed that through its blockchain adoption each citizen will earn minimum of N120,000 Monthly for life.

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