#regulation

Russia’s Ministry of Finance Wants to Legalize Bitcoin

December 6, 2016 by Christoph Bergmann at Bitcoin, News, Regulation

Bitcoin and other cryptocurrencies should be treated like foreign currency, the Russian Ministry of Finance suggests while Bitcoin transactions could spark the suspicion of illegal activities. Russia’s position on cryptocurrencies is an enigma. For years there have been rumors that the government plans to ban Bitcoin and impose harsh penalties...

Direct Bitcoin Trading is Not Money Transmission in Texas and Illinois

December 5, 2016 by Joseph Young at Bitcoin, News, Regulation

Financial regulations on cryptocurrency and bitcoin trading are changing in some regions. Texas and Illinois, two states of the US, recently announced that the direct trading of bitcoin is not overseen by money transmission regulations, which means that it is not under consideration for taxes, regulations, and KYC policy requirements....

Judge Ruling May See Coinbase Hand Over Client Data to IRS

December 2, 2016 by Nigel Dollentas at Bitcoin, News, Regulation

Users of Coinbase may have their identities and personal information handed over to the IRS thanks to the ruling made in a federal court in the Northern District of California. While the request was made early November 2016, it was only granted on November 30. Case No. 3:16-cv-006658-JSC was set...

IRS Summons Coinbase, but the Bitcoin Exchange Fights Back

November 20, 2016 by Jamie Holmes at Bitcoin, News, Regulation

Following a summons from the Internal Revenue Service (IRS) to bitcoin exchange Coinbase to reveal customer information, the firm has enacted stiff opposition to the request. The US tax authority requested information on all of Coinbase's customers who bought bitcoin between 2013 and 2015. Pointing to just three instances of...

Sweden’s Central Bank is Thinking About Using the Blockchain to Issue Digital Money

November 18, 2016 by Christoph Bergmann at News, Regulation, Tech

Sure, it is no news that money has long become digital. The plans to issue an “eKrona”, as the deputy governor of the Riksbank disclosed this week, however, are still exciting. Cecilia Skingsley, deputy governor of the Swedish Riksbank, recently gave an interview to the Financial Times (FT). Since the...

Is the Legalization of Cannabis in California, other US States, a Huge Opportunity for Bitcoin?

November 15, 2016 by Christoph Bergmann at Bitcoin, Business, News

California, Nevada, and Massachusetts legalized the recreational use of Cannabis on November 9, but the banking sector will reject Cannabis dispensaries as clients. This could be the perfect opportunity for Bitcoin. But, once again, the cryptocurrency alone does not magically solve every problem. Hippies and Rastafarians from California, Nevada, and...

Bitcoin Bounces, Monero Still Rising; BTCManager’s Week in Review Nov. 14

November 14, 2016 by Jamie Holmes at News, News Digest

The presidential race in the US is now over and ended with a victory for the Republicans, driving a short-term jump in Bitcoin’s price. Of course, uncertainty lies ahead, but the response from investors is pretty optimistic with regard to a Trump administration, with stocks and the US Dollar moving...

UK Financial Regulator Unveils Fintech ‘Sandbox’ Filled With Blockchain Startups

November 8, 2016 by Alex Lielacher at Bitcoin, Business, News, Regulation

In 2014, the UK’s financial regulatory body, the Financial Conduct Authority, launched Project Innovate to provide support to innovative financial technology start-ups who are trying to launch new products and services that will benefit consumers. A major part of Project Innovate and the FCA’s approach to supporting innovation is by...

Bitcoin Clampdown Rumors in China Suppresses Sentiment

November 3, 2016 by Lori Brown at Bitcoin, News, Regulation

China is rumored to be considering policies that impose drastic changes to bitcoin usage. These changes include restrictions to be placed on all of China’s domestic bitcoin exchanges that will prevent any digital currency from being moved outside of the country. They aim to cap the amount of bitcoin...

South Korea Lays Foundation for Cryptocurrency Adoption

October 31, 2016 by Nigel Dollentas at Business, Finance, News, Regulation

With the acceptance of cryptocurrency increasing daily, the next logical step is to lay down a foundation on which to utilize and build cryptocurrency services off of. This is exactly what South Korea announced October 24. "The government will push for the systematization of digital currency on a full scale...

Pages: « 92 93 94 95 96 97 98 99»