As Bitcoin Gains Momentum in the Middle East, Focus On Regulation Increases

Credit - Antanacoins

The virtual currency market has emerged in the United Arab Emirates with Dubai’s first Bitcoin ATM introduced in April 2014. Middle East entrepreneurs have begun launching Bitcoin payment products and SMEs are beginning to realise the potential of such technology, with The Pizza Guys becoming the first restaurant in the UAE to accept Bitcoin payments.

In Russia, New Anti-piracy Fee for Internet Content is Proposed

By | LimeGreenIP News | November 21, 2014
In Russia, New Anti-piracy Fee for Internet Content is Proposed

The First Vice Prime Minister Igor Shuvalov has reportedly ordered the Russian Ministries of Culture, Communications, Economic Development, Finance, and Justice to assess a proposal from the Russian Union of Right Holders (“RUR“), to fight piracy by introducing a fixed royalty fee to be paid to rights holders in exchange for unlimited use of content on the Internet.