4 potential legal issues of President Trump

In addition to the investigation of election funds and the relationship with the Russian side, President Trump also faces several other legal problems.


Not only the investigation by Special Prosecutor Robert Mueller about the connection between the 2016 presidential campaign with Russia, President Trump is also facing legal problems. Other headaches no less.

1. President Trump’s swearing-in ceremony

On December 13, the Wall Street Journal reported that the Commission for the inauguration ceremony of Mr. Trump’s President in 2017 is under investigation for federal crime.

The committee received up to $ 107 million in funding, including $ 14 million from sponsors working for investment and securities companies and nearly $ 10 million from real estate agents. product. The total amount for Mr. Trump’s swearing-in ceremony is nearly double that of his 2009 Barack Obama predecessor.

Investigators are currently investigating how much money the sworn-in commission has been used and whether regular sponsors seek to reach the new government.

6 van de phap ly tiem tang cua tong thong trump hinh 1

A report by ProPublica on December 14 expressed the concern of a “top event organizer” that, Trump International Hotel in Washington “rates” room, food and facilities provided for The committee is in charge of Mr. Trump’s oath and this may violate tax laws.

When asked about the information WSJ posted, White House Press Secretary Sarah Huckabee Sanders said, “This is not related to the President or the First Lady”. Even if this is true, there are many friends or close relationships of Mr. Trump and his daughter, Ivanka, that are deeply involved in the swearing-in plan.

2. Foreign influence

The focus of Special Prosecutor Robert Mueller’s investigation is to see if there is any relationship between Russia and Trump’s campaign. However, according to recent reports, doubts have extended the relevance of other countries.

The Daily Beast article said, stage 2 in the prosecutor Mueller’s investigation will begin next year and includes a record of the relationship between Mr. Trump’s campaign with Saudi Arabia, Israel and the United Arab Emirates (UAE).

Kết quả hình ảnh cho 6 vấn đề pháp lý tiềm tàng của Tổng thống Trump

The New York Times said that New York investigators are considering whether any foreign characters illegally funded President Trump’s inauguration committee.

Mueller Prosecutor’s investigation team is also said to be investigating Trump support groups to see if the groups will receive money from overseas during the 2016 election campaign. Saudi Arabia and the UAE are once again mentioned, along with Qatar.

3. Trump Hotel

Shortly after his election, Mr. Trump announced that his business would donate all income originating from foreign governments to the US Treasury.

In March, Trump Foundation funded $ 151,470 in interest from foreign governments in 2017, although the organization did not provide details. This procedure is done to avoid omitting regulations on foreign earnings in the US Constitution, thereby prohibiting federal officials from receiving gifts or payments from foreign officials or representatives.

Kết quả hình ảnh cho Trump Hotel

Although the President’s lawyers said that this procedure is not mandatory, Mr. Trump is committed to doing so to avoid missing or exceeding what the Constitution requires.

However, in June 2018, the head of the judicial department of Washington DC and Maryland sued Mr. Trump, accusing Mr. Trump of benefiting from the expenses the foreign government spent on Trump hotels. especially the hotel is located not far from the White House in Washington DC.

4. Trump Fund

New York investigators are also conducting a review of the Trump charity. The head of the New York state judicial agency, Barbara Underwood, accused Trump – a tax-exempt charity, be used as a tool to serve Mr. Trump’s political purpose.

Kết quả hình ảnh cho Trump Fund

During the 2016 presidential campaign, the Washington Post reporter, David Fahrenthold, revealed how Mr. Trump used the money from charitable funds – mostly funded by friends and close relationships – to settle business lawsuits and finance activities to build support for his campaign.

If this allegation is true, Mr. Trump may face financial fines, a 10-year ban on any nonprofit organization in New York. In addition, his three children, Eric, Ivanka and Donald Jr. may also face a similar ban within a year.

 

 

 

 

How is player transfer done?

Every summer, hundreds of millions of dollars are exchanged when the world’s top football clubs hunt the best players for the upcoming season. But what is a transfer, and how does it work?


What is assignment?

Football is a global market and the top players move constantly. David Beckham, for example, plays for clubs in England, Spain, America, Italy and France during the course of the game. The professional players contract with clubs with a fixed term of up to five years. If a player moves before the contract expires, the new club pays to compensate for the old club. This is called a transfer fee.

Alexis Sanchez là tên tốn giấy mực trong ngày chót của hạn chuyển nhượng khi Man City săn đuổi tiền vệ Arsenal.

When does the transfer take place?

Twice a year, FIFA rules offer two annual time periods in which clubs can be purchased from foreign players, called transfer windows. The window of transfer is longer in the middle of the season and shorter in the season, but the exact time is determined by the football association of the nations. In many European countries, the summer transfer window closes on August 31. In the US, closed on August 9.

Các CLB thu nhiều tiền từ hàng hóa lưu niệm nên tên cầu thủ nào in trên các sản phẩm là rất quan trọng.

Where does the money come from?

Football is an outstanding subject of money. According to Deloitte’s analysis, 20 of the world’s richest clubs – all across Europe – earned 7.4 billion euros (8.9 billion dollars) in 2015/16 revenue. The top money club is Manchester United, reaching 689 million euros. Commercial sources such as sponsorships and goods accounted for 43% of revenue – the largest share. So there will definitely be a lot of PSG Neymar shirts. Selling broadcasting rights accounts for 39%, but ticket sales are only about 18%. These numbers do not include transfer fees, but clubs can also make money by selling players.

Neymar gần đây đã chuyển từ Barcelona sang Paris Saint-Germain với giá 222 triệu euro (265 triệu đô la)

Is football always big money?

Previously not as much as it is now. Before 1995, many European clubs had quotas for foreign players. The Bosman ruling that year banned restrictions on players from within the EU and opened up a competitive international market. The transfer fee starts to increase, the number of foreign players also increases. By 2016, nearly 70% of Premier League football players in the UK are foreigners.

Lionel Messi có điều khoản mua đứt trong hợp đồng với giá 300 triệu euro ghi trong hợp đồng với Barcelona

Today top clubs continue to become richer. Income from television is increasing is one of the reasons. In 2016, 20 Premier League clubs signed a contract worth £ 10.4 billion ($ 13.4 billion) with TV stations. This is the most profitable television contract ever in professional football. In the UK, BT and Sky paid Premier League more than £ 10 million ($ 12.9 million) to play matches.

However, FIFA data shows that high transfer fees are not popular. In fact, only 14% of worldwide transfers last year involved payment of a transfer fee. The rest is free transfer – when the player’s contract expires and they continue to play other clubs.

 

 

 

 

 

DNA technology against crime wildlife

Modern forensic science is making efforts to fight against international criminal gangs that kill and smuggle endangered wildlife.


A new laboratory in the Thai capital, Bangkok, is fully equipped to collect DNA from ivory, rhino horn and tiger skin – these encouraging efforts. The laboratory’s noble purpose is to provide evidence of the link between victims and suspects to prosecute, according to laboratory scientists.

Wildlife conservation groups say the killing of elephants, rhinos and tigers along with other endangered species has increased to an alarming level and there is only one large and sophisticated coordinated campaign available. Can help prevent this disaster in time. That is the judgment of CITES – the Convention against the exploitation and trade of endangered plant and animal species was signed in 1973.

Kết quả hình ảnh cho DNA technology against crime wildlife

Special laboratory in question – located inside the building of Thailand’s National Parks Authority (DNP) – was established with the enthusiastic support of the ASEAN Wildlife Protection Organization – WEN, a local environmental protection organization.

Dr. Kanita Ouitavon – female director of the Laboratory of DNP’s Wild Welfare Department (WIFOS) – said the first animal parts samples were analyzed for DNA from which a bank of gene data from Thai wild species will be established. Kanita Ouitavon laboratory is called DNP-WIFOS for short.

Kanita Ouitavon presented: “New technology is essential for our important mission. Thanks to data banks we can find species or subspecies or even know about the lineages relationship, origin, where they are exploited. The field of illegal business in the wild life does not require much investment, but the profit is lucrative so it attracts many people who are willing to commit the crime. Therefore, our Laboratory is a useful tool to combat this illegal business situation. Using DNA can prove a connection between suspects and wildlife”.

Kết quả hình ảnh cho DNA technology against crime wildlife

The laboratory, with 10 members, accepts specimens every day, including ivory sections, rhino horns, whole tiger skin and pieces of fur and bones from other animals. Each sample is then classified, photographed before conducting DNA testing. For animal parts outside Thailand, they will be inspected based on the international data bank. Therefore, female Dr. Kanita Ouitavon acknowledged her team of experts desperately needed patience.

Female Dr. Kanita Ouitavon is open about the challenges she faces: “From the beginning we knew very well the people behind the illegal wildlife trade are powerful people. and influence, but, despite all, we still work hard to fight against crime”.

Kết quả hình ảnh cho DNA technology against crime wildlife

According to Mary Rice, forensic science may be part of the fight for the protection of rare animals, but the first important thing is that governments must resolutely act to eliminate this kind of crime.

 

 

 

 

China makes strange laws, bringing 50 young players into the barracks

Chinese public opinion is expressing outrage at the strategy to improve the country’s young players in a strange way of the Chinese Football Federation.


October 2 was described by Chinese netizens as the end of the country after the Chinese Football Federation convened 55 players under 25 years of age playing in the highest Chinese League and China League One, after That focus on the training area is like military barracks.

At this point, the players have to concentrate until December, so they will miss the last six rounds of the Chinese Super League and many faces will be absent from the National Cup final. Some sources said that the group of players brought into the barracks will be trained according to military rules.

Trung Quoc ra luat la, dua 50 cau thu tre vao 'trai linh' hinh anh 1

There are also rumors that 55 players under the age of 25 will be summoned and sent to the barracks to be incorporated into a separate team, then compete in the next season. This move to improve the quality of Chinese youth football, which failed from the 2018 Asian U23 tournament to ASIAD 2018.

Some also see a list of 55 Chinese players summoned to the camp as Marcelo Lippi’s “second team” is leading the national team. I don’t know how effective the Chinese Football Federation is, but from now on, the online community is opposing this idea.

So, Chinese media also put a big question on how the Federation works. The Beijing Evening News called the action “truly unprecedented in history”. Meanwhile, the chairman of some teams with players who were sent to the barracks also expressed their discontent.

Kết quả hình ảnh cho Trung Quốc ra luật lạ, đưa 50 cầu thủ trẻ vào 'trại lính'

“I believe the roots of Chinese football problems are still in the management system. The only way for Chinese football to develop is to change the existing management system,” Chairman Zhou Jinhui of Beijing Club. Guoan criticized the Chinese Football Federation’s plan.

Last time, Chinese football constantly reformed to raise the level of football development. They introduced many new laws to be applied in the domestic league to increase the chances of playing for U23 players, including Guus Hiddink, one of the outstanding strategists of the world football, leading the youth team.

Kết quả hình ảnh cho Trung Quốc ra luật lạ, đưa 50 cầu thủ trẻ vào 'trại lính'

Last year, British media reported that the Chinese Football Federation has made great efforts to invest in young football training. They built many modern academies in the hope of producing talented players. China wants to “turn dragons” in the future, thus becoming the world’s superpower football.

However, Soccer News journalist Bai Guohua still feels pessimistic. He thinks Chinese football is still far behind the giants in the continent. Previously, the Chinese team was only once reached the World Cup finals. It was a tournament that took place in 2002.

 

 

 

 

 

 

 

 

Boateng and 7 crazy contracts in world football history

Boateng is the latest controversial buying and selling case throughout the length of the village. The following are the 7 most classic examples.


1. Bebe

The legendary history of Sir Alex Ferguson has been greatly affected by the contract named Bebe in August 2010 for a fee of 9 million euros. The Portuguese did not leave any mark after four years of playing in the Red Devils with a total of 2 Premier League appearances with 3 loan times. In 2014, he left the team at Old Trafford and switched to Benfica for 3 million euros.

Những thương vụ điên rồ nhất trong lịch sử bóng đá thế giới - Bóng Đá

2. Kevin-Prince Boateng

Leaving Munir El Haddadi to Sevilla left Barcelona lacking a quality contingency plan. Therefore, the La Liga champion needs to add another quality attack star with reasonable spending. Everyone was surprised by the fact that the 31-year-old Boateng became the chosen person.

Những thương vụ điên rồ nhất trong lịch sử bóng đá thế giới - Bóng Đá

Accordingly, the owner of the Nou Camp will borrow the former AC Milan striker until the end of the season from Sassuolo, with a purchase clause of 8 million euros in the summer. Most likely, Boateng will play as a virtual number 9 in the upcoming Barcelona shirt.

3. Sol Campbell

The one-time Sol Campbell was a noisy player in the transfer market when he decided to switch to Notts County (in League Two) in 2009; with salary of £ 40,000 / week. However, he quickly realized he was tricked because the team could not afford to pay compensation. Campbell quickly left in 2010.

Những thương vụ điên rồ nhất trong lịch sử bóng đá thế giới - Bóng Đá

4. Andy Carroll

The £ 35 million contract named Carroll is a failed investment by Liverpool chairman John W Henry. The England striker is seen as a replacement for striker Fernando Torres to move to Chelsea. However, the constant injury caused the star born in 1989 to not be able to show much to teammate Luis Suarez on attack. After 3 years, he contributed only 6 goals in The Kop shirt.

Những thương vụ điên rồ nhất trong lịch sử bóng đá thế giới - Bóng Đá

5. Javier Mascherano & Carlos Tevez

After a level performance with Corinthians, the Argentine star duo received much attention from Real Madrid, Barcelona, ​​Juventus. However, their next stop was an anonymous West Ham United in Europe in 2006.

The only contribution from the pair is to help the Premier League boss succeed. 12 months later, Tevez moved to Man United, while Mascherano chose Liverpool.

Những thương vụ điên rồ nhất trong lịch sử bóng đá thế giới - Bóng Đá

6. Victor Valdes

Spending a successful time with Barcelona with three Champions League titles, Valdes left the Spanish side and joined Man United. However, he could not occupy a regular performance under coach Louis van Gaal; and joined as a lender at Standard Liege in January 2016. High age makes him head for Middlesbrough F.C. a year later.

Những thương vụ điên rồ nhất trong lịch sử bóng đá thế giới - Bóng Đá

7. Jonathan Woodgate

In 2004, Woodgate was a quality defender in the Premier League. Therefore, it is not surprising that Real Madrid decided to recruit the English player to Santiago Bernabeu Stadium. Despite possessing great potential, a serious thigh injury caused his career at White Vulture to be zero.

Những thương vụ điên rồ nhất trong lịch sử bóng đá thế giới - Bóng Đá

In 2006, Woodgate returned to England in Middlesbrough in the form of a loan and was bought shortly thereafter.

 

 

 

 

 

 

 

 

Countries strive to promote gender equality

Japan, England, Switzerland, Saudi Arabia are some countries in the world that have made progress in promoting gender equality, facilitating better living and working for women.


In fact, gender inequality is still dull, especially in Asian countries, which have traditionally been “respectful of men and women” since ancient times. However, when society is growing, the role and position of women is also increasing.

JAPAN

To achieve the goal of “Womenomics” to promote the important role of women in the reconstruction of the economy, Japanese Prime Minister Shinzo Abe has adjusted a series of policies to “untie” and empower women. This female country helps millions of women participate in the labor market while still fulfilling their family life.

Since 2014, Japan has increased maternity wages for mothers in the first 6 months after birth from 50% to 67% of the basic salary and received all before the maternity leave.

Các quốc gia nỗ lực thúc đẩy bình đẳng giới - Ảnh 1.

Meanwhile, to solve the problem of babysitting, the Japanese government aims to secure additional seats for 500,000 babies, as of the end of 2017. In addition, ministries and businesses also implement many initiatives to support women like working from home or flexible hours.

UNITED OF KINGDOM

At the end of 2016, the wage gap between men and women in the UK dropped to its lowest level since this data was recorded nearly 20 years ago. According to data from the National Bureau of Statistics, the wage gap between male and female workers is at 9.4%, while in 1997 this difference was 17.4%.

These encouraging figures come from the UK Government, which has implemented many measures including strengthening the right to work and receive equal wages for all male and female workers on condition that they meet is required by the employer.

SAUDI ARABIA

On September 27, 2016, more than 14,000 Saudi Arabia women signed a petition to terminate the women’s guardian system, changing the rule “women need men’s permission” to travel or work. This is the first time a petition of this type has been issued with such a large number of signatures.

Các quốc gia nỗ lực thúc đẩy bình đẳng giới - Ảnh 2.

Under Saudi Arabia’s current law, all women must have a male guardian, usually a father, husband or brother. They must ask the guardian’s permission if they want to travel, work, get married, rent a house, even get medical treatment. In addition, they are also prohibited from driving.

SWITZERLAND

Women in Switzerland may be offered an extra year after the House of Representatives has voted through increasing the retirement age for women to 65, equal to the retirement age of men. This was at the end of 2016. Previously, the Senate of this country also voted. This proposal may be put on referendum before becoming a law.

 

 

 

 

 

 

 

 

 

 

 

 

Thousands Of Women March For Equal Rights In The US

Thousands of women gathered in Washington DC and cities across the United States on the occasion of the first year of President Donald Trump’s inauguration, to appeal for equal rights on wages and medical care, to condemn the status of sexual harassment, and to encourage women to run for election.


Pilgrims also speak up about other issues, such as racial equality, gun control, immigration protection, and conservative efforts to withdraw funding from Planned Parenthood.

It is estimated that the number of people attending the march in Washington is lower than last year. But marches are also taking place in other major cities across the country such as New York, Philadelphia, Los Angeles; Chicago, Denver in Colorado state, Charlotte in North Carolina, and Palm Beach in Florida, where the president used to go on vacation. Las Vegas will hold a rally on Sunday to coincide with an effort to mobilize voter registration. The organizers are targeting the fluctuating states (where Democratic and Republican candidates have a similar chance of winning) and hope to register a million new voters online.

Người tham gia tuần hành trên Đại lộ 6 ở Quận Manhattan, Thành phố New York, ngày 20 tháng 1, 2018.

These gatherings were held to continue the women’s march last year that took place immediately after President Trump’s inauguration. Many women in the march raised their opposition to the incumbent president, who had been accused of sexual misconduct by at least 19 women.

In the past year, stories of unequal wages for women and sexual harassment from powerful men have become the top topic in the national dialogue. Dozens of men, including filmmaker Harvey Weinstein, Oscar-winning actor Kevin Spacey, NBC morning host Matt Lauer, and Democratic Party Senator Al Franken, lost or resign for accusations of sexual harassment.

Women also marched in Rome in Italy, Kampala in Uganda, Frankfurt in Germany, and Osaka in Japan, to protest sexual harassment. The marches are also planned in Beijing, China; Buenos Aires, Argentina; and Nairobi, Kenya.

On Friday, anti-abortion activists held their own march in Washington, an annual event called March for Life. President Trump and Vice President Mike Pence gave a speech to the crowd through video streaming from the White House Rose Garden.

Những người tuần hành đi ngang qua Nhà Trắng ở Washington, ngày 20 tháng 1, 2018.

“We are always with you”, Mr. Trump told the protesters against abortion. Mr. Pence told the crowd that Mr. Trump was the “strongest supporter of life in American history“.

 

 

 

 

 

 

 

 

 

Should German Football Continue The “50 + 1” Policy?

Should or should not continue with the policy “50 + 1” (minimum 51% of each club’s shares must be owned by team members), a major controversial topic in Germany in recent years.


Then the topic became more interesting when Leipzig, the thorn in the eyes of the Germans to win the Champions League directly in 2017/18, is it the time for the Germans to untie themselves for their thoughts?

Many people wonder why Germans hate such privatization of football, and it is a very long story about German history. In 1806, Emperor Napoleon’s army took over the Prussian kingdom, a fierce battle broke out in Jena and Auerstedt. Losing the battle, Prussia was subjected to French occupation, but at the same time created a premise for nationalism to rise. In particular, the building of the elite of the army General Gerhard David von Scharnhorst places on top and the foundation is the physical improvement program undertaken by Friedrich GutsMuths.

Bóng đá Đức có nên tiếp tục chính sách “50+1”?

Associations and clubs about “Turnen” (Fitness) were established. Note that other gymnastics are completely sporty, because there is no winning or losing, but aiming at uniting a nation that was occupied at that time, with the goal of defeating the French. Over time, the influence of fitness clubs spread throughout Prussia. On the contrary, football faces the skepticism of the majority of Germans who think that this is a problem that separates society, so the sport must join gymnastics clubs if they want to survive. With the core principles: Non-profit, community-oriented, benefits for society.

This explains why even though the German League was born in 1903, it was not until 1963 that the Bundesliga – the league championship for professional teams – was born. However, despite starting to operate professionally, the clubs remain loyal to the original principle. And to keep that guideline throughout history, the principle of “50 + 1” is something that immobile with the Germans to keep the team always belong to the community. But it seems time for this principle to become obsolete.

Throughout the length of the Champions League history, apart from Bayern with the backs of giants like Adidas, Audi and Allianz, the remaining German teams rarely compete for the championship. They only had Hamburg in 1983 and Dortmund in 1997 were two rare cases. While in C2 Cup and C3 Europe, they are also completely outdone compared to rivals from England, Italy and Spain, although Germany is always at the top of the world. This reflects that the “50 + 1” policy undermines the competitiveness of German teams. In fact, apart from Bayern, few clubs are able to recruit contracts worth 40-50 million euros, while being regularly “sucked in” by European big men. It is a matter of money, which will determine even greater success in modern football.

Bayern always dominated the first place because they were the richest, while the rest could not create a breakthrough in budget. Behind Bayern and Dortmund are always 6-7 teams competing for two Champions League places, it is also attractive because the team is not too outstanding but when it comes to Europe, it is often eliminated early. Leverkusen as well as Schalke, M’gladbach, or Bremen. Football is certainly the race of money, maybe today Germany still despises Leipzig, but as Bayern President Uli Hoeness once said, it will be time for Germany to accept this fact.

 

 

 

 

 

 

 

 

 

10 Largest Non-Profit Organizations Of The World

Thanks to the names on this list, the world is getting better.


1. Mayo Clinic/Foundation

Kết quả hình ảnh cho Mayo Clinic

Mayo Clinic is the largest non-profit organization of the United States focusing primarily on the field of medical research. For more than 100 years of operation, Mayo’s principle is to provide patients with the best care based on research, training and clinical practice. All income of this fund is used to upgrade services, train medical doctors and support treatment for patients.

2. Feeding America

Kết quả hình ảnh cho Feeding America

Feeding America was previously known as America’s Second-Harvest. It is also because it focuses mainly on the aspect of hunger elimination, through a series of member food banks. The principle of this organization is respect, management and responsibility, cooperation, speed, service, integrity and diversity.

3. Catholic Charities USA

Kết quả hình ảnh cho Catholic Charities USA

This Catholic organization is one of the largest charities in the United States with the mission to support those in need, to enforce justice and to call all churches and benefactors to charity. In 2008, Catholic Charities USA helped over 8 million people.

4. Red Cross

Kết quả hình ảnh cho Red Cross

This organization is always true to the principle of serving people through their disaster relief activities around the world. In order to alleviate the pain and suffering of unfortunate people, Red Cross calls for the support of volunteers, sponsors and partners on a wide network. It can be said that this is one of the most well-known names and also received the deepest appreciation of many people around the globe.

5. AmeriCares

Kết quả hình ảnh cho AmeriCares

AmeriCares provides humanitarian and medical aid around the world, you will find its name present in many relief activities for natural disasters, floods or earthquakes. The organization also focuses primarily on emergency response and health care recovery. In addition, AmeriCares actively participates in support when epidemics break out in people’s daily lives.

6. Feed the Children

Kết quả hình ảnh cho Feed the Children

With the principle “there is no child or family to go to bed while hungry”, Feed the Children tries to address basic human needs: food and nutrition, water and sanitation, education and health… In general, this organization tries to show individuals how to take care of themselves and their families. In addition, Feed the Children is also very enthusiastic in emergency relief activities.

7. United Way

Kết quả hình ảnh cho United Way

United Way is one of the largest non-profit organizations with a worldwide reach. Its goal is to provide people with tools, education and health to explore their own potential. It also encourages people to participate in activities of mutual care with high concentration on families and individuals.

8. Salvation Army

Kết quả hình ảnh cho Salvation Army

In fact, the Salvation Army is an organization of Christian churches, tasked with propagating the teachings and helping those in need of food and clothing.

9. Gifts in Kind

Kết quả hình ảnh cho Gifts in Kind

Gifts in Kind is a charity of the most unique type in the world. Specifically, it does not give direct money to people who need support but instead contact partners to give gifts to people. In fact, the debate between money or goods is inherently harsh in charitable activities, but after all, Kind Gifts in Kindness is working together to build a better world.

10. YMCA

Kết quả hình ảnh cho YMCA

With over 160 years of operation, the YMCA is one of the most famous non-profit organizations in the world. Its direction is to strengthen and create opportunities for learning and development through education and individual and extensive training programs.

 

 

 

 

 

 

 

 

 

 

 

Controversy About The Legitimacy Of Bitcoin In India To The Supreme Court

The lack of a clear legal policy for crypto currencies like Bitcoin has made a petition letter sent straight to the Supreme Court of India, the most powerful judiciary in the South Asian nation.


Bitcoin is not currently recognized as a legitimate means of payment in India. However, no one said it was illegal. The official stance, according to a notice issued by the central bank of India in February, writes: “… the bank does not license/authorize any institution or company to conduct a good business trading Bitcoin or any electronic currency; investors who do business with Bitcoin will have to take risks for their own actions”.

In an effort to erase ambiguity, a lawyer aroused this issue by filing a petition of group interests (Public Interest Litigation – PIL) on the Supreme Court on November 3.

This petition was only released in the past few days, when the Court representative revealed that this was a request from Dwaipayan Bhowmick to urge the country’s government to quickly establish a “Bitcoin flow management” mechanism and make sure it can be audited.

The PIL version contains: “The lack of a solid mechanism to set up a legal framework is making a lot of loop holes, eventually leading to the inability to audit or monitor bitcoin transactions and transfers together pre-algorithm”.

We will mobilize ourselves

Indeed, the fact that it is unmanaged or recognized by the Government has frustrated the Indian industry, so much so that they have to formulate a self-monitoring institution earlier this year. Standardization of procedures for Customer Information Management (KYC) and Anti-Money Laundering (AML) is one of the main focus of this apparatus, besides acting as a supervisory body for the scene community report on the pre-algorithm scams in India.

Kết quả hình ảnh cho Tranh cãi về tính hợp pháp của Bitcoin tại Ấn Độ lên đến Toà án Tối cao

Indian officials then established the “Virtual Monetary Commission”, which is a collection of representatives from ministries and departments related to the financial sector who have many cases of researching and proposing a regulatory framework domestic pre-algorithm segmentation.

The role of the Central Bank

And yet, the petition also “blames” the Reserve Bank of India (RBI) – the country’s central bank – and the Securities and Exchange Commission of India (SEBI), said that these two agencies are always “push” responsibility for each other in electronic money monitoring.

Kết quả hình ảnh cho Tranh cãi về tính hợp pháp của Bitcoin tại Ấn Độ lên đến Toà án Tối cao

“Needless to say, RBI and SEBI are trying to push responsibility for the other when constantly arguing over the issue so calling Bitcoin currency or goods”, the petition stressed. PIL then called on the Supreme Court to issue appropriate guidelines for managing the bitcoin flow (and electronic money) and ensure that the state treasury could audit it.

The fact that a group of lawsuit petitions was submitted to the Supreme Court only appeared a week after RBI said it still could not consider Bitcoin as a means of payment or money transfer. Besides, the central bank is in the process of building its own legal algorithm currency, which is the future replacement for the current rupee local currency.