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GNPF DAO provides technical services for politicians interested to use crypto for human development
Investigation, legislation and local currencies.
The Blockchain week in París
The development of local money or LGDC, passes through a necessary adaptation of the current legislation, which is fundamental for the implementation of any new service in a Local Government.
While not all new services require regulatory reform, such as the use of NFT’s by the Municipality of Rio de Janeiro to promote tourism and culture, or the generation of new resources through Bitcoin mining in Guatemala, and even the administrative management of services carried out by different municipalities using Blockchain; this does not mean that existing legislation should not be examined by avoiding future shocks and incompatibilities.
At present, tax collection through cryptocurrencies is carried out in different local governments, without reserving these currencies and seeking their immediate conversion to legal tender currency (fiat); so that regulatory conflicts are avoided, but this limits the advantages that can be obtained not only from cryptocurrencies, but from the blockchain.
The issuance of local digital currency (#LGDC) does require the enactment of new legislation, both at local and national level, that provides legal security to transactions made by citizens.
One of the technical services offered by the GNPF to local governments is the necessary advice, which allows optimizing the legislation that regulates the issuance of local digital money. This service is provided, through an alliance with the Institute of Virtual Personality. In this magazine, the Lic. Pedro Chaves, President of the Virtual Personality Institute, provides valuable information on this topic.
In this section we will find initiatives that promote economic and social development through tickets, tokens and the like.
The implementation of local digital currencies requires a review of current
legislation and the enactment of new regulations, which regulate and promote
the use of them, not only as a currency of exchange among citizens, but in the
provision of public services.
At the GNPF, we talked with Lic. Pedro Chaves Corrales, lawyer, notary, university professor, researcher, specialist in Commercial Law and current president of the Virtual Personality Institute. Lic. Chaves has published some studies regarding the virtual personality and was part of the Board of Directors of the National Registry of Costa Rica, which promoted the process of digitizing physical documents, which were previously in volumes, as well as public access via the Internet of all the registration information contained in the relevant public register. But what is the Virtual Personality Institute?
The Institute of Virtual Personality is primarily an academic institution. In the
academic part we study, analyze and promote everything that has to do with the virtual personality, everything that has to do with that footprint that we leave natural persons or legal persons at the time we are part of the conglomerate of a network through the Internet, when we enter the world of everything that is crypto in general, everything that is shopping, information
handling, etc., that we do on the web, there is our footprint and that imprint is our virtual personality, which at some point we hope will not only be virtual personality, but virtual legal personality, and that it will be adequately recognized in the laws and documents and regulations that must be promulgated.
This section has the most important news about the implementation of local digital currency and its different uses.
During the last months, different cities worldwide have implemented the payment of municipal services through cryptocurrencies, ensuring greater transparency, and therefore the increase in collections; the most recent example is the city of Chandler in Arizona, which seeks to make its inhabitants pay for their public services through the newest technology, despite the fact that … see more
On Thursday, March 24, the Austin City Council approved a plan to investigate the legality and necessary
reforms, to accept the payment of municipal taxes, as well as other collections on Bitcoin and other digital assets. Reflecting the constant search at the local level, to implement innovative proposals, which attract investment not only from large cryptographic companies, but from local residents, who trust in the transparency of … see more
The rapid expansion of cryptocurrencies and specifically of local digital currencies, as well as the possibility of local governments mining the latter, has caused the chipproducing company to turn its gaze to the United States, where hundreds of miners seek economic and ecological options to mine, despite China’s prohibitions and the scarcity generated by the pandemic, so new ones have been created … see more
According to Mayor Eduardo Paes, starting in 2023, the inhabitants of Rio de Janeiro will be able to use Bitcoin to pay their property taxes. However, this does not mean that the city will use cryptocurrencies in other operations, as immediately collected, they will be converted to Brazilian real. In January, Mayor Paes indicated that they would use 1% of their … see more