A South Korean district court has ruled for the first time regarding the nature of digital currencies. In the case where 216 bitcoins were seized by the police as criminal proceeds, the court ruled that it is inappropriate to confiscate bitcoins. Also read: South Korea to Dispose of 216 Bitcoins in First Public Auction The Court’s Ruling […]
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The preparation of a pilot project is underway in Russia to subsidize electricity costs to cryptocurrency mining farm owners, according to local publications. Meanwhile, interest in bitcoin, ether, and mining have been growing significantly this year. Also read: Russia Discusses Starting Cryptocurrency Mining With Its 20+ Gigawatt Surplus Pilot Project Benefiting Cryptocurrency Miners The Institute for […]
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This week two business luminaries, Baroness Michelle Mone and Douglas Barrowman, have announced the sale of 2.4 million square feet of Dubai residential property will be sold for bitcoin. The residential 40-storey tower apartments will be the first properties located in Dubai’s Science Park priced and sold for a cryptocurrency settlement. Also Read: Japanese Cryptocurrency Exchange […]
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South Korea’s top financial regulators have jointly announced their plans to deal with digital currencies such as bitcoin and ether. Specific measures were outlined such as requiring banks to perform due diligence on bitcoin exchanges and strengthening user verification procedures. Also read: South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks Attempt to Regulate Digital […]
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According to a recent report from NBC, middle-class Americans are growing quite fond of bitcoin and cryptocurrency investment. Bitcoin’s value is continuing to climb and everyday Americans are getting in on the action. Also Read: Investment Funds That Offer Cryptocurrency Exposure See Big Gains ‘In Five to Ten Years, You Could Be Sitting on Something Nice’ […]
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Cryptobuyer has announced plans to install a bitcoin ATM in Costa Rica. The company claims its terminal will be the first bitcoin ATM operating in Costa Rica. Also Read: Cryptobuyer Installs First Bitcoin ATMs in Latin American Commercial Bank Cryptobuyer Will Open a One-Way Bitcoin ATM at a yet to Be Determined Location in Costa Rica […]
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The first Bitcoin ATM in the British territory of Gibraltar has been installed. The European tax haven on the southern coast of Spain already has a few Bitcoin businesses and the government is currently working on a regulatory framework for digital currencies. Also read: 3000 Bitcoin Mansion for Sale in Russia Hindered by Lack of Regulation […]
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Local media has reported that the Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has approved the registration of two virtual currency exchanges. The announcement comes after the BSP introduced legislation designed to recognize and regulate virtual currency exchanges earlier this year. Also Read: Philippines’ Central Bank Issues Guidelines for Virtual Currency Exchanges The […]
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Japan’s top customer-to-customer (C2C) ticket exchange marketplace, Ticket Camp, announced last week that it has become the first in the Japanese ticket industry to accept bitcoin. The site has about 5 million users and processes approximately 5.8 billion yen per month. Also read: World’s Largest Bitcoin Exchange Bitflyer Expands into US Market First in Ticket Industry […]
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The Australian Government has announced a bill that would regulate digital currency exchanges including bitcoin exchanges for the first time. Also read: Three Ukrainian Lawmakers Declare Bitcoin Holdings Worth $47 Million Australia to Regulate Bitcoin Exchanges Australia’s Coalition Government announced a bill on Thursday that would regulate digital currency exchanges. This legislation is part of the […]
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