Category: Regulations

  • Florida Appeals Court Defines Bitcoin as Money as Espinoza Ruling Reversed

    Florida Appeals Court Defines Bitcoin as Money as Espinoza Ruling Reversed

    In 2016, Judge Teresa Mary Pooler of the Eleventh Judicial Circuit of Florida made headlines for a ruling she made during the Michell Espinoza trial. Judge Pooler ruled Espinoza could not be charged with illegal money transmission offenses because bitcoin was not considered legal tender. However, a motion filed with the Florida appeals court has…

  • The Wrapped Bitcoin Project Has Officially Launched on Ethereum

    The Wrapped Bitcoin Project Has Officially Launched on Ethereum

    On Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of…

  • The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

    The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

    In this edition of The Daily, Iran is reportedly preparing to announce its national cryptocurrency during a conference starting on Jan. 29. Also, a draft decree introducing legal definitions for terms related to cryptocurrencies has been introduced in the Italian Senate and the IMF has voiced concerns over Malta’s blockchain industry while recognizing the positive…

  • Xapo Transfers Key Operations to Switzerland

    Xapo Transfers Key Operations to Switzerland

    Global crypto services provider Xapo is moving major operations from its base in Hong Kong to its office in Switzerland. The company is incorporated in the Asian financial hub but that may also change soon due to the friendlier business environment in the Alpine nation. Also read: Russian Institutions Back Proposal to Let Companies Use…

  • Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

    Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

    An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Also read: No Reason to ‘Bury’ Cryptocurrencies,…

  • Regulations Have Ruined the Physical Bitcoin Industry

    Regulations Have Ruined the Physical Bitcoin Industry

    As bitcoiners celebrate the 10th anniversary of Satoshi’s invention, veteran enthusiasts will be aware that a lot has changed since the early days. One business that was once incredibly popular is the art of manufacturing loaded physical bitcoins. Government regulations have forced operations to cease, causing the physical bitcoin minting business to virtually grind to…

  • No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

    No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

    Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.   Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again Russia Should Watch Carefully Medvedev thinks the…

  • Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders

    Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders

    The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws. Also read: Denmark’s Tax Agency to Collect Information About Bitcoin Traders Nine Crypto Companies Subjected to ‘Control…

  • China Announces New Regulations for Blockchain Companies to ‘Promote Healthy Development’

    China Announces New Regulations for Blockchain Companies to ‘Promote Healthy Development’

    China is coming down hard on blockchain companies, even though the government appears to favor blockchain over cryptocurrency. The Cyberspace Administration of China (CAC) announced new regulations on Jan. 10 that will compel blockchain platforms to eliminate “undesirable” content while giving authorities access to private stored data and to check the identity of users. Also…

  • 5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation

    5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation

    Several known crypto companies have been granted licenses to operate from Gibraltar since the British overseas territory adopted business-friendly regulations for the nascent industry. According to Gibraltar’s trade minister, Albert Isola, the government is now focused on creating a “supportive environment” for the sector.   Also read: Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions…