• Initially dismissed as a fleeting, fringe trend by banks and regulating bodies, cryptocurrency was left largely untouched for a long time. For years, the crypto market was like the wild west. But as the cryptocurrency market and the hype around it continue to boom, financial players and governments are beginning to wake up, all scrambling to figure out just how they’ll conquer this new frontier while creating some serious arbitrage opportunities. [Editor’s note: This is

    How Various Countries Benefit & Suffer from Regulation Arbitrage Today

    | 2018/04/21 7:00 am
  • Bitcoinist spoke with Alexander Stern, legal attorney and founder of Attorney IO, to unpack the complexities related to Bitcoin and cryptocurrencies taxes, potential loopholes for users, and how the IRS can easily track individuals using Bitcoin compared to fiat currencies.  The fact that a lot of this is on a blockchain (and cannot be tampered with) does make the IRS smile. – Alexander Stern Bitcoinist: First, how and for how long has your law firm

    Tax Attorney: Blockchain Immutability ‘Does Make The IRS Smile’ (Interview)

    | 2018/04/20 4:30 pm
  • Crypto markets are maturing, it remains to be seen how many companies that have raised money by issuing tokens will be alive in the next two years.  For anyone serious about blockchain technology and ICOs, Blockchain Expo Global is a must event to attend and this year, the event has attracted even more visitors than before. Held in London, UK, the event itself is a 2-day exhibition and an opportunity for companies to pitch and

    Blockchain Expo Global – Crypto La La land

    | 2018/04/19 10:30 pm
  • The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers. Kraken Rails Against Attorney General’s ‘Disrespect’ In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business. When it launched the Initiative April 17, Schneiderman’s office explained it

    Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators

    | 2018/04/19 6:00 am
  • While Bitcoin can already be called the world’s first global currency, it is nevertheless illegal in a several countries, where using it has been outlawed by the government. By doing so, the future is not looking bright for these largely third-world nations with struggling economies. 11 Countries Where Bitcoin is a Crime Bitcoin is not only the world’s first cryptocurrency, it is also the first borderless and apolitical form of money in the history of

    11 Countries Where Bitcoin is Still Illegal

    | 2018/04/18 7:00 pm
  • History warns us of the past in order to make sense of the present. Yet History offers no suggestion regarding the path that technology is taking us. What we are left with the crypto-space is a great field of improvisation that has seldom been seen before. “Liberté, égalité, fraternité,” pronounced French revolutionaries in choir. The year was 1789, and overnight, France was changed almost entirely. New social systems were devised, new national identities were reinvented,

    Liberté, Egalité, Cryptocurrencé: Crypto-Colonialism & Its Socio-Political Impacts

    | 2018/04/17 10:00 pm
  • Peer-to-peer Bitcoin trading platform Localbitcoins is causing controversy on social media after users complained about surprise anti-money laundering (AML) and know-your-customer (KYC) measures. AML/KYC: First Advertisers, Now Everyone? A thread on the r/Bitcoin subreddit currently gaining significant exposure focuses on new obligations for Localbitcoins users wishing to advertise trades or who have “significant” trade volumes. While the platform has not released official material regarding updates to its regulatory compliance policy, it now appears that depending

    Localbitcoins Now Demands ID For ‘Significant’ Trade Volumes

    | 2018/04/17 10:00 am
  • Bitcoinist spoke with Darren Marble, CEO of CrowdfundX, a fintech marketing firm that uses artificial intelligence and digital marketing to help its clients acquire retail investors and shareholders at scale. His company was responsible for designing, producing, and marketing historic Reg A+ IPOs to NASDAQ, NYSE, and OTC Markets Group, as well as Security Token Offers (STOs) such as KodakCoin. I predict that NASDAQ, the NYSE, or OTC Markets Group will launch a token market.

    ‘I Think ICO is a Dirty Word’ – Lessons in Compliance from KodakCoin (Interview)

    | 2018/04/17 8:00 am
  • OKEx, one of the largest exchanges in the world, has announced plans to move to the European island, Malta. This announcement came quickly after a similar announcement made by Binance, one of OKEx’s main competitors. In an attempt to gain an understanding of the political climate around cryptocurrencies in Malta, OKEx’s executives met with the Maltese government. While many EU countries are taking a standoff-ish, if not downright hostile, approach to cryptocurrency, Malta – which

    Hong-Kong Based Exchange OKEx Plans to Move to Malta

    | 2018/04/15 4:00 pm
  • The SAFT may be a cousin of the SAFE – but the relationship comes with strings attached and anyone considering doing down the rabbit hole should consider potential implications very carefully. The rise of ICOs has been difficult to ignore. What was once seen as a gimmick is now threatening to reshape the fundraising industry. This is particularly the case for VCs and investors who are concerned with very early stage investments. The fear of

    SAFT – The Not So ‘Simple Agreement for Future Tokens’

    | 2018/04/15 3:00 am
  • Bank of England’s governor, Mark Carney, held a speech at the Public Policy Forum’s Canada Growth Summit in Toronto, outlining that despite the ‘huge amount’ of illicit activity run through cryptocurrency, at the current state, they do not pose a threat. Singing the Same Old Song In line with his previous sentiment expressed at the G20 Summit in Argentina earlier this year, rock-star banker Carney holds that, at current times, “cryptocurrencies aren’t a risk to

    Bank of England Governor Admits ‘Cryptocurrency Not a Risk’

    | 2018/04/14 2:30 am
  • Over the weekend, signs of positive sentiment have entered the cryptocurrency market, with Bitcoin potentially having found its footing and many altcoins surging with confidence. However, news out of China is aiming to rain on the parade — as the People’s Bank of China looks to crack down further on Bitcoin while creating its own digital currency.  People’s Bank vs. People’s Currency According to various reports, the People’s Bank of China (PBOC) plans on placing

    China’s State ‘Cryptocurrency’ to Feature Negative Interest Rates

    | 2018/04/09 1:00 pm
  • Since going parabolic in November and reaching all-time highs in December, the cryptocurrency market has collapsed in steep and shocking fashion — leading to a flood of FUD (Fear, Uncertainty, and Doubt) from both mainstream media outlets and your co-workers left holding heavy bags. According to some analysts, however, the last few months have merely been growing pains in a steadily maturing market. Older, Wiser Bitcoin and the cryptocurrency market as a whole have always been

    Institutional Investors Are Flocking to ‘Maturing’ Cryptocurrency Market

    | 2018/04/09 9:00 am
  • India is once again a center of misinformation over cryptocurrency regulations as fresh reports erroneously claim its central bank has banned trading. Devil In The Detail Following a statement from the Reserve Bank of India (RBI) April 5, which addressed various economic issues, multiple media reports began claiming a China-style shutdown of Bitcoin and other cryptoassets was imminent. “…With immediate effect, entities regulated by RBI shall not deal with or provide services to any individual

    Friday FUD Busting: India’s ‘Bitcoin Ban’ Will Not Impact Exchanges

    | 2018/04/06 10:30 am
  • The Reserve Bank of India (RBI) has officially ordered all regulated entities to refrain from providing services to any and all businesses involved in the dealing of digital currencies — including, of course, Bitcoin. Bitcoin Ban The announcement comes via an official press release issued by The Reserve Bank of India (RBI). Unsurprisingly, the RBI positions itself as merely looking out for consumers’ interests, while also citing the frequently used claims that cryptocurrencies are simply

    RBI Bans India’s Financial Institutions from Cryptocurrency Related Business Dealings – Ulterior Motives at Play?

    | 2018/04/05 5:00 pm
  • While countries like the United States and China aim to restrict Initial Coin Offerings (ICOs), Japan is firmly on the path towards legalizing the popular (and, at times, controversial) fundraising method. Japan Preps ICO Guidelines Japan is leading the charge in the effort to effectively regulate Initial Coin Offerings while ensuring positive growth and investor protection in the cryptocurrency space. According to a report written by the government-backed ICO Business Research Group and published by

    Japan Unveils Guidelines to Legalize Initial Coin Offerings (ICOs)

    | 2018/04/05 11:00 am
  • Jon Matonis, co-founder of the Bitcoin Foundation went on record proclaiming his assertive position on Bitcoin not being a bubble. The advocate also believes that the market is about to enter a ‘post-legal tender age’ fueled by decentralized cryptocurrencies such as Bitcoin. ‘The Pin That’s Going to Pop the Bubble’ Matonis, who sat on the board of Bitcoin Foundation for two years between 2012 and 2014 and is currently an executive director, maintains his firm,

    Bitcoin Will Pop ‘Real Bubble’ Created by Central Banks, Senior Advocate Says

    | 2018/04/02 11:00 am
  • Russia’s Ministry of Telecom and Mass Communications (MinComSvyaz) has prepared guidelines for issuing digital tokens, commonly known as Initial Coin Offerings (ICOs). Russia Develops ICO Guidelines Russia appears to be readying regulations of blockchain technology and Initial Coin Offerings, refraining from an outright ban, as the world’s biggest country by territory looks to benefit from the surging popularity of ICOs. What’s more, Russia is positioning its national currency, the Ruble, to play an integral part in the

    Russia Unveils ICO Regulations, Underpinned by the Ruble

    | 2018/04/02 5:00 am
  • If the US government wants to figure out how to effectively regulate Bitcoin and cryptocurrencies while encouraging technological growth, elected officials on Capitol Hill will first need to learn how Bitcoin works. Old Suits, New Technology The average age of Members of the House at the beginning of the 114th Congress was 57.0 years; of Senators, 61.0 years — and almost all of them have no experience with Bitcoin or the cryptocurrency market. One can

    How Can US Gov’t Regulate Bitcoin, When It Doesn’t Even Know What It Is?

    | 2018/04/01 11:00 pm
  • The National Bank of Kazakhstan has decided to take a firm stance against cryptocurrency, citing an interest in protecting Kazakhstan citizens’ interests — despite the country’s endemic corruption, sham elections, and human rights abuses. No Freedom Allowed National Bank of Kazakhstan Chairman Daniyar Akishey told Sputnik International that his bank aims to prohibit the exchange of the country’s national currency, the tenge, to and from digital currencies. Additionally, it also aims to prohibit the mining

    Kazakhstan Looks to Ban Cryptocurrency, While Remaining Firmly Corrupt

    | 2018/04/01 8:00 pm
  • After the Bank of Thailand ordered the country’s financial institutions to steer clear of cryptocurrency, its military government has now advised that cryptocurrency taxes are on the cards. Thailand has previously been hesitant to take decisive action against cryptocurrencies. However, 2018 has seen this on-the-fence stance change. February saw the country’s financial institutions put an end to offering crypto-related services, while earlier this month saw authorities suggest that virtual currencies would soon be subjected to

    Crypto Investors in Thailand Will Get Taxed

    | 2018/03/31 2:00 pm
  • Commonwealth Bank of Australia (CBA) has come under fire after an investigation accused it of helping the Italian mafia launder money. Bank Suspends Corrupt Workers After Press ‘Questions’ CBA, the largest Australian listed company on the Australian Securities Exchange and the biggest bank in the southern hemisphere, made the headlines last month for blocking cryptocurrency access for clients due to their “unregulated” nature. Now local media reports it has fired two employees who did private deals with

    Australia’s Biggest Bank: No to Bitcoin, Yes to Mafia Money Laundering

    | 2018/03/31 8:00 am
  • Bitfinex, which is currently the 5th largest cryptocurrency exchange by 24-hour volumes, is contemplating at Switzerland as its new potential humble abode. Weighing its Options The Swiss-German weekly publication Handelszeitung reported (German) on Tuesday that Bitfinex wants to establish its HQ in Switzerland, citing company’s CEO Jean-Louis van der Velde directly: We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over

    Crypto Exchange Bitfinex Searches for ‘New Home’, Sets Sights on Switzerland

    | 2018/03/29 12:00 pm