Tag: Regulation

A New Bitcoin World

Chinese Bitcoin Exchanges Face Stricter Regulation and Licensure

Chinese Bitcoin Exchanges May Face Stricter Regulation and LicensureChinese Bitcoin Exchanges May Face Stricter Regulation and LicensureOver the past week, bitcoiners everywhere have been focused on the speculative news of China ‘banning’ bitcoin and wondering if the stories were true. According to recent reports from local media and the country’s National Internet Finance Association (NIFA), bitcoin is not ‘illegal,’ but exchanges may face tighter regulatory supervision and might have to cease […]

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September 13, 2017 3

Korean Court Rules Bitcoin Cannot Be Confiscated

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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September 9, 2017 0

US Politicians Want Tax Exemptions For Bitcoin Purchases Less Than $600

Two politicians want to make bitcoin purchases below $600 not subject to tax laws. The lawmakers, Representatives David Schweikert and Jared Polis, who are also co-chairs of the Blockchain Caucus, hope to lesson the tax burden on cryptocurrency users. They are calling their bill the Cryptocurrency Tax Fairness Act.  Also read: Grayscale’s Trust Contemplates Creating Another Entity for […]

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September 8, 2017 0

SEC Chairman Believes ICO Investors Do Not Understand Risks

Jay Clayton, Chairman of the United States Securities and Exchange Commission (SEC) has articulated his concern that most ICO investors do not fully understand the “substantial risks” associated with initial coin offerings. Also Read: A Phone Call From SEC Pressures ICO Startup to Close Operations and Refund The SEC Does Not Believe That the Majority of […]

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September 7, 2017 0

South Korea Takes Steps To Regulate Digital Currencies

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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September 4, 2017 0

Gibraltar Gets First Bitcoin ATM While Working on Cryptocurrency Regulation

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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August 22, 2017 0

Australia Introduces Bill That Regulates Bitcoin Exchanges

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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August 18, 2017 1

Former paypal COO David Sacks Discusses Bitcoin – Argues ICOs Are Threat to VCs

Former paypal COO, David Sacks, discussed bitcoin and cryptocurrency during a recent interview with CNBC. During the interview, Sacks articulated that bitcoin is fulfilling the vision for a digital payment network originally held by Paypal, and expressed his belief that cryptocurrencies pose a significant threat to the venture capital sector. Also Read: 20+ New ICOs Announced […]

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August 17, 2017 0

Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee

Washington regulators recently introduced exchange rules for any firm wanting to allow customers to trade in cryptocurrency. They said they created Senate Bill 5031 to make the ecosystem fair for cryptocurrency exchanges and their customers. However, a number of exchanges have left the area, because they believe the rules were too burdensome. Now Washington lawmakers […]

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August 17, 2017 0

Australian Senators Push to Make Bitcoin Official Currency

Two Australian senators have pushed for the Reserve Bank of Australia to embrace bitcoin and make it an official currency. Without it, the country risks its financial competitiveness and being left behind, they said. Also read: Hedge Funds Investing in Cryptocurrencies ‘Exploding’ – 62 in Pipeline Senators Call for Bitcoin to Be Official Currency Labor senator […]

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August 8, 2017 1