Tag: Regulation

A New Bitcoin World

Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto

Bitcoin ATM in Miami Airport Raises Questions About Traveling With CryptoMiami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about the benefits and legality of traveling with crypto in lieu of […]

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October 17, 2019 0

Paypal Exits Libra – Mastercard and Visa May Follow

Paypal Exits Libra; Mastercard and Visa May FollowFacebook’s ambitious financial inclusion project, Libra, continues marching forward in spite of mountainous regulatory obstacles, but key members of the Libra Association are having doubts and dropping out. Paypal has now reportedly left the group due to regulatory concerns. Libra representative Dante Disparte has indirectly criticized the move, noting the required “boldness and fortitude to […]

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October 6, 2019 0

European Countries Step Up Response to Facebook’s Libra

European Countries Step Up Their Responses to Facebook’s LibraThe European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who […]

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September 16, 2019 0

The New Bitcoin Banks Are Here

The New Bitcoin Banks Are HereA new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance, […]

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August 23, 2019 0

Elon Musk Supports Yang – But Does Andrew Yang Really Support Bitcoin?

Sure, Musk Supports Yang - But Does Andrew Yang Really Support Bitcoin?There’s much talk about multi-billionaire innovator Elon Musk’s newly announced support for Democratic presidential candidate Andrew Yang. Yang, known as the Bitcoin-friendly choice for 2020, has a reputation for innovation with his unique stance on Universal Basic Income, emphatic blockchain talking points, and acceptance of crypto donations. But it remains to be seen if the […]

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August 14, 2019 0

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRSOn July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS […]

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July 27, 2019 0

G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

G7 Agrees on Crypto Action Plan Spurred by Facebook's LibraG7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their […]

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July 20, 2019 0

How 10 Countries Respond to Facebook’s Libra Cryptocurrency

How 10 Countries Respond to Facebook’s Libra CryptocurrencyA growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

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July 11, 2019 0

Israeli Supreme Court Stops Bank From Closing Crypto Exchange’s Account

Israeli Supreme Court Prevents Bank From Closing Account of Crypto ExchangeIn February 2018, the Supreme Court of Israel issued a temporary injunction order forbidding a major bank in the country from halting the activity of a local cryptocurrency exchange. Now the bank has been forced to accept that the company’s account will remain open indefinitely. Also Read: Community Funding and Bringing Smart Contracts to BCH […]

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June 3, 2019 0

Israeli Court Rules Bitcoin Is an Asset

Israeli Court Rules Bitcoin Is an AssetAn Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing the central bank’s […]

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May 22, 2019 0