The Montenegrin government has allegedly made Ethereum developer Vitalik Buterin its newest citizen as part of its ambition to become a center for blockchain innovation.
Prime Minister Zdravko Krivokapi proposed Buterin for the honor to assist the southeastern European nation in promoting its ambitions to become a blockchain innovation hub, according to Montenegrin news site RTCB.
Although there appears to be no official notification, Minister of Finance and Social Welfare Milojko Spaji apparently shared this photo with Buterin when he obtained his passport.
Vitalik is now a Montenegro citizen
On April 7, Minister Spaji hosted the Ethereum (ETH) co-founder at the Future Now panel discussion in Montenegro.
Vitalik Buterin was one of the panelists who discussed the legality of blockchain identification and smart contracts in government and other issues.
According to the local news site Mina, Prime Minister Krivokapi, Vitalik Buterin, and numerous other government officials met on April 4 to explore Montenegro’s choices in the blockchain business. One of the most crucial points raised was how to regulate cryptocurrency for his countrymen.
Minister Spaji noted that while he would like his country to be tougher on criminals in the business, he believes that fairness would help to boost growth and “eliminate the grey economy in all areas.”
He also added that “Montenegro strives to become a center of innovation in blockchain technology, emphasizing all the advantages of a legitimate industry that will bring attractive regulations.”
The government of Montenegro is now delving into the complex regulatory entanglements that come with incorporating blockchain technology into its numerous institutions.
The presenters at the Future Now event focused on how individuals may legally build a community using blockchain, as well as legally verify their identity and protect themselves from identity theft.
Decentralized autonomous organizations (DAO) might provide DAO tokens for users to validate their membership while maintaining their anonymity, according to Mamlyk. Buterin, on the other hand, stated that “there is no miraculous one-line concept” for dealing with bad actors.
Buterin responded to Wyoming when asked if Montenegro should allow corporations to register as DAOs. He believes that implementing decentralized government in this way is a “good first step” and “a good place to start” for Montenegro.