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Tag: legislation

Uzbekistan to Legalize Cryptocurrencies: Tax-Free Operations, Invest in Blockchain Technology

Category: Altcoins, Bitcoin, Blockchain, News, Regulation, Tech

Uzbekistan to Legalize Cryptocurrencies: Tax-Free Operations, Invest in Blockchain Technology

The landlocked Central Asian nation of Uzbekistan issued an official resolution on July 3, 2017, pertaining to the development of cryptocurrencies, mining, and blockchain technology. Significant takeaways include legalizing digital assets and launching a state-backed mining endeavor. Uzbekistan’s Cryptocurrency Push Titled “On Measures for the Development of the Digital Economy in the Republic of Uzbekistan,” President Shavkat Mirziyoyev signed a…

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British Columbia Claims $1.4 million in Bitcoin From Marijuana Dealer

Category: Bitcoin, Crime, News, Regulation

British Columbia Claims $1.4 million in Bitcoin From Marijuana Dealer

Canada’s British Columbia government is laying claim to $1.4 million in bitcoin from a mail-order marijuana dealer it managed to seize many years ago. Cryptocurrency Claim Gives Legitimacy to Industry The Government claimed that the mail-order marijuana dealer was a vendor on the notorious Silk Road website. According to The Star Vancouver, a local Canadian news site, the Government’s allegations…

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Viber to Launch Cryptocurrency in 2019, Slated to Reach over 100 Million Russian Citizens

Category: Altcoins, Business, News, Regulation, Tech

Viber to Launch Cryptocurrency in 2019, Slated to Reach over 100 Million Russian Citizens

Viber, the Luxembourg-based messaging and video call app with over 100 million users in Russia alone, has announced its intentions to launch a native cryptocurrency in 2019. Viber Studying Russian Law Local news outlet Tass reported the development on July 3, 2018. Rakuten, a Japanese e-commerce business conglomerate, and early-stage incubator, is the parent company of Viber and stated it…

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Italian Law Enforcement Seizes all Bitcoin Holdings of Previously Hacked Exchange BitGrail

Category: Bitcoin, Finance, News, Regulation

Italian Law Enforcement Seizes all Bitcoin Holdings of Previously Hacked Exchange BitGrail

The Italy-based exchange BitGrail has halted all trading activities and defaulted the site as being “under maintenance” after it’s core team confirmed Italian law enforcement had seized all bitcoin in the companies accounts. This comes months after approximately $170 million worth of the cryptocurrency NANO was hacked and stolen from the exchange. The BitGrail Story Finally Coming to a Close…

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U.S. State of Colorado Passes Laws to Foster Blockchain Technology and Blocks Cryptocurrency Security’s Bill

Category: Blockchain, Business, Commentary, News, Regulation, Tech

U.S. State of Colorado Passes Laws to Foster Blockchain Technology and Blocks Cryptocurrency Security’s Bill

On May 8, 2018, Colorado became the first U.S state to introduce laws on blockchain technology, mainly for protecting confidential data in state records. Filament, an enterprise that merges Internet of Things (IoT) and blockchains to authorize and sign real-time machine transactions, announced the news. Colorado Community Collaboration According to the legislation passed by the State of Colorado, blockchain, along…

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Hong Kong Gangsters Not Interested in Cryptocurrencies

Category: Altcoins, Bitcoin, Business, News, Regulation

Hong Kong Gangsters Not Interested in Cryptocurrencies

The Money Laundering and Terrorist Financing Risk Assessment Report released by the Hong Kong Financial Services and Treasury (FSTB) has concluded that cryptocurrencies are not a tool employed by the island’s criminal fraternity. Hong Kong is currently witnessing stern discourse around whether the city is doing enough to combat financial crime. Hong Kong a Powerful, Free Economy Struggling With Regulation…

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After Launching Massive ICO, Telegram Is Now Banned in Russia

Category: Altcoins, Business, News, Regulation

After Launching Massive ICO, Telegram Is Now Banned in Russia

Just weeks after launching one of the most successful ICOs ever, Telegram is to be banned in Russia. The ruling came after the company refused to yield encryption keys to the Russian authorities and Moscow has now ordered telecommunications companies to block the app. Why Telegram? Russia’s Federal Security Service (FSB) said they need the keys to monitor the messages…

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Washington Chelan County PUD: We Will No Longer Tolerate Illegal Bitcoin Mining Activities

Category: Bitcoin, Business, Mining, News, Regulation, Tech

Washington Chelan County PUD: We Will No Longer Tolerate Illegal Bitcoin Mining Activities

Where cheap electricity is abundant, there are illegal bitcoin miners. Washington Chelan County, a region bursting with cost-efficient hydroelectric power, is now fed-up of illegal mining operations going on in the area and has declared total war on the “scoundrels” perpetuating the crime. No Room for Illegal Cryptocurrency Mining Back in March 2018, the Washington state Chelan County Public Utility…

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Don’t Fear, the Government Can’t Do a thing about Bitcoin

Category: Altcoins, Bitcoin, Blockchain, Commentary, News, Regulation, Tech

Don’t Fear, the Government Can’t Do a thing about Bitcoin

Most people face difficulties in trying to understand the decentralized nature of cryptocurrencies fully. But many governments take these misunderstandings one step ahead. Not only do they fail to realize decentralization, but regulators and world leaders have shown they lack the prowess to grasp basic technical concepts in the sector. Age Barrier? Let’s take the example of the U.S.A, a…

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PayPal Has Filed a Patent for a Cryptocurrency Transaction System

Category: Blockchain, Business, Finance, News, Tech

PayPal Has Filed a Patent for a Cryptocurrency Transaction System

The American online payments provider, PayPal, has filed for a patent seeking to expedite the transfer of virtual currencies from one wallet to another. As per records made available at the US Patent and Trademark Office on March 1, 2018, the patent aims to create first user and secondary user wallets and keys for enabling faster transactions and payment settlement…

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