Skip to main content

Cardano’s Charles Hoskinson Signs Memorandum With Burundi Government, Agreement Questioned

Cardano founder Charles Hoskinson recently confirmed he had signed a memorandum of understanding (MOU) with the government of Burundi. This MOU agreement is Hoskinson’s first major preliminary agreement he has secured since kickstarting Cardano’s African tour in mid-October, 2021.

Meetings With Burundi and Zanzibar Leaders

Before traveling to Burundi, Hokisnson had visited Zanzibar where he held meetings with Hussein Ali Mwinyi, the island nation’s president. However, it is Hoskinson’s Burundi visit that has helped Cardano to achieve its latest major agreement with an African state after it signed another deal with the Ethiopian government back in April 2021.

To break the news about his interactions with the Burundi government as well as Cardano’s latest achievement, Hoskinson went on Twitter and shared some key moments of his Burundi tour. In his last tweet, he said: “Yes, we signed a great MOU today.”

In an earlier tweet, Hoskinson — who has since changed his Twitter profile picture to one that features himself and the Burundi President, Évariste Ndayishimiye — talks about his meeting with the Burundi leader. He said:

Great meeting with his excellency President Évariste Ndayishimiye about the future of Burundi’s digital transformation.

Agreement with Burundi Government Questioned

While many supporters of Cardano have applauded Hoskinson for his efforts, some opponents of the president of Burundi have, however, expressed reservations about the agreement. For instance, one Reddit user named Diatery questioned Cardano’s decision to hand over the blockchain to what he termed the wrong people. The user asked:

We know that Cardano wants to help reform Africa, so I looked deeper into what who Hoskinson is talking to. It didn’t take long to see that he’s handing tech to the wrong people. What kind of government is actually in power in Burundi, and who are these people that he’s creating a partnership with exactly?

To substantiate these reservations about President Évariste Ndayishimiye’s government, the user shares several supporting links including a U.S. government report on Burundi. However, other Reddit users argued that Hoskinson has no other option except to work with government officials. The user wrote:

“You can’t create public infrastructure without cooperation with public officials. If they are human rights violators, they are trash, but if the crypto game plays out as we all wish for, those autocrats sealing their own demise by catalysing adoption.”

What do you think of Cardano’s MOU agreement with Burundi? Tell us what you think in the comments section below.



from Bitcoin News https://ift.tt/3mp71Mb

Comments

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought