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Tech Giants and Bitcoin Startups Banned from Offering Advanced Encryption

November 24, 2015 by Joseph Young at News, Regulation, Tech

On October 30, Great Britain’s Home Secretary Theresa May announced the formation of a surveillance bill which requires communication and technology companies such as Apple and Google to provide 12 months of web browsing history and sensitive financial information to law enforcement and spy agencies including M16 and GCHQ for...

US Department of Justice Holds First Digital Currencies, Blockchain Conference

November 15, 2015 by Diana Ngo at News, Regulation

The US Department of Justice has held its first-ever summit dedicated to digital currencies and blockchain technology. The event aimed at bringing together industry participants and government representatives to discuss ways to combat criminal activity on the blockchain without stifling innovation. Held last week at the Federal Reserve Bank in...

SEC Approves Non-Accredited Equity Crowdfunding, Big Market for Bitcoin Startups

November 2, 2015 by Joseph Young at Business, Finance, News, Regulation

The U.S. Securities and Exchange Commission (SEC) has passed rules to implement Title III of the JOBS Act, authorizing non-accredited investors to partake in equity crowdfunding on online platforms such as Indiegogo or Kickstarter. The Title III Equity crowdfunding implementation is expected to go live after a 3-month comment period...

US Senate Passes Controversial Bill to Collect “Sensitive Personal Data”

October 31, 2015 by Joseph Young at News, Regulation, Tech

On October 27, the US Senate overwhelmingly passed the controversial Cybersecurity Information Sharing Act (CISA) in a 74-21 vote. This bill will allow the government and various enforcement agencies to legally surveil and access sensitive personal data. The announcement aggravated the tech community, receiving widespread criticism from industry heavyweights, tech...

Dominion Mining Company Investigated Under Canadian Securities Law (UPDATED)

October 27, 2015 by Joseph Young at Business, News, Regulation

Dominion Bitcoin Mining Company Ltd. is set to undergo a securities hearing due to their “failure to comply” to the securities law of Saskatchewan, a province located in western Canada. The Saskatchewan government accused the bitcoin startup for “disobeying” their laws and publicly advertising and displaying securities on its platform...

Bitcoin Foundation Will Not Partner with Enforcement Agencies

October 25, 2015 by Joseph Young at News, Regulation

The Bitcoin Foundation, an American non-profit organization formed to promote the use of bitcoin has announced that the organization will not be entering into a strategic partnership with the National Security Agency (NSA), the Immigration Department or the Transportation Security Administration (TSA). The organization’s board of directors and management have...

Introducing the Blockchain Alliance

October 24, 2015 by Nigel Dollentas at Business, News, Regulation

The Blockchain Alliance, a coalition of “some of the brightest minds in the blockchain ecosystem,” is a newly formed “public-private forum to help combat criminal activity on the blockchain.” According to the Blockchain Alliance website, the Alliance is intended to be “a public-private forum created by the blockchain community. We...

Barcelona to Develop Its Own Digital Currency to Stimulate Commercial Activity

October 24, 2015 by Joseph Young at Business, Finance, News, Regulation

Following recent moves by the nation’s largest banking group BBVA, the Spanish government is in the process of developing its own local digital currency to potentially stimulate commercial activity in Barcelona. The Town Hall of Barcelona will launch the currency after a trial and testing period of six months. Local...

Mainstream Television Networks Refuse to Broadcast the First Russian Language Bitcoin Documentary

October 21, 2015 by Joseph Young at Entertainment, News, Regulation

Russian film maker Govorit I Pokazivaet and film producer Alexander Bezzubtsev have released the first Russian bitcoin documentary featuring every aspect of the digital currency, including the process of bitcoin mining, regulations, restrictions, the history of bitcoin and prominent figures in the bitcoin industry. The documentary offers an honest view...

Scottish MP George Kerevan Proposes Digital Currency “ScotPound”

October 20, 2015 by Nigel Dollentas at Finance, News, Regulation

George Kerevan, a Member of Parliament for the Scottish National Party, has suggested the introduction the “ScotPound,” a digital currency like Bitcoin, which would help alleviate Scotland’s heavy reliance on the British pound. The idea first came from the New Economics Foundation (NEF), an independent economic think-tank. Last year’s referendum...

Circle Becomes First BitLicense-Approved Bitcoin Company

October 5, 2015 by Nigel Dollentas at Business, Finance, News, Regulation

On September 22, 2105, Circle announced that it is now compliant with BitLicense, thus expanding its services to include residents of New York State. “We founded Circle to help people share value in the same way they share other kinds of content and messages on the Internet: for free, safely,...

“Blocked” Bitcoin Sites Spark Rumors of Government Interference in Venezuela

October 5, 2015 by Nigel Dollentas at News, Regulation, Tech

On October 1, reports surfaced on the Bitcoin Venezuela Facebook Group, and later on r/bitcoin, about access blockages to many popular Bitcoin websites. According to this thread, some of the more popular Bitcoin websites that were blocked include coindesk.com, blockchain.info, blinktrade.com, surbitcoin.com, miningrigrentals.com, nicehash.com, btc-e.com, coinapult.com and coinbase.com. These nine...

Europol Releases New Report Stating OpenBazaar as a Threat

October 1, 2015 by Joseph Young at News, Regulation

Europol, the law enforcement agency of the European Union which handles criminal intelligence and international organized crime, has released its Internet Organized Crime Threat Assessment for 2015, that highlights illegal usages of bitcoin and other digital currencies on “Darknets,” and its “concerns” for the development of decentralized marketplaces like OpenBazaar....

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