Category: Regulations
-
25-Year-Old Might Face Life Sentence After Running Bitcoin Exchange
A 25-year-old Bitcoin seller is now facing a life sentence after running an unofficial Bitcoin exchange. This was officially announced by the United States Justice Department on Friday. Moreover, the Bitcoin seller has supposedly agreed to plead guilty to the charges. Bitcoin seller facing life sentence This 25-year-old comes from Westwood, Los Angeles, and has…
-
The White House Just Blamed Bitcoin for America’s Opiate Crisis
[youtube https://www.youtube.com/watch?v=LSfMDUKfylo&w=560&h=349] The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and…
-
India’s Supreme Court Seemingly Supports Crypto, Gives Central Bank 2 Weeks to Justify Crypto Ban
India’s Supreme Court has just released a statement criticizing the country’s central bank. Specifically, the Reserve Bank of India is being criticized for how it has handled the country’s cryptocurrency ban. Moreover, the central bank has now been given just two weeks to address complaints over the crypto ban. India’s Supreme Court orders RBI to…
-
Fiat Lite vs. Freedom Maximalist: The Two Types of Bitcoiner
[youtube https://www.youtube.com/watch?v=VWCSDupPQGY&w=560&h=349] As regulation continues growing exponentially for cryptocurrencies worldwide, a chasm is yawning ever deeper between supporters. On the one hand, many yearn for massive adoption and clear regulations so they can get on with their trading, and get on with their lives – not to mention the lucrative value gains attendant to such…
-
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5)…
-
Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event
The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters “very seriously.” Sean Ryan, CTO of Node40, a platform…
-
US Regulator Plans to Outsource Running Cryptocurrency Nodes
A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin Core (BTC), Ripple (XRP) and Ethereum (ETH) in order to monitor compliance…
-
Large Regulated Token Sales Indicate ICOs May Be Coming Back
Initial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding through token sales has a chance of becoming a mainstream instrument…
-
Mnuchin: US Agencies “Likely” To Introduce New Crypto Rules
The United States’ Treasury Secretary, Steven Mnuchin, has said that US regulators will likely issue new cryptocurrency regulations. Specifically, Mnuchin argues that these new rules will make sure cryptocurrencies don’t “negatively impact” the existing financial system. Mnuchin predicts “more” regulations This news came in a recent CNBC television interview. What’s more, the Trump administration has…
-
Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash
On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian…