• Bitcoin mining has exploded in Venezuela due to the country’s massive hyperinflation. Now the Venezuelan government is requiring bitcoin miners to join an online registry. It seems that the misery of the Venezuelan people knows no end. The South American country’s economy has been hammered by massive hyperinflation due to the policies of the authoritarian government, now headed by President Nicolas Maduro. Many people, both poor and rich, have turned to mining Bitcoin in order

    Venezuela Now Requires Bitcoin Miners to Register with the Government

    | 2017/12/14 3:15 am
  • With reports claiming that Asian traders are responsible for the bulk of the upward price action in Bitcoin and altcoins, it comes as no surprise that their governments want to gain some control of the runaway markets. With South Korea reportedly accountable for over a quarter of the global trade in crypto currency, its government is considering taxing cryptocurrencies. The average citizen can partake in this feverish market, and South Koreans are taking to cryptocurrencies

    South Korea Mulls Crypto Tax

    | 2017/12/13 12:00 pm
  • As more and more governments are moving to regulate cryptocurrencies, US regulators have started to warn investors from cryptocurrencies and ICOs.  Is the Bubble Ready to Burst? The cryptocurrency market had a phenomenal bull run this year. As the cryptocurrency industry is constantly improving and innovating, many finance experts believe that the hype behind it is just speculation. Experts believe that the global cryptocurrency market may be in a bubble state, and it might burst

    US Regulators Issue New Cryptocurrency and ICO Warning

    | 2017/12/12 8:00 pm
  • Regulation is one of the primary concerns surrounding cryptocurrencies at the moment. Pretty much anyone can set up a blockchain, put up a fancy looking website, add some slick looking team members, and tout their token as the next best thing since sliced bread. At the same time asking for your coin to support them. Open source blockchain platform Waves is addressing the issue by setting up an independent regulatory body which will provide reporting,

    Crypto Platforms Unite to Self-Regulate ICOs

    | 2017/12/11 11:30 pm
  • The way that Bitcoin fits into various religions across the globe is very much a hot topic right now and, as might be expected, not everyone is on the same page. Global Bitcoin regulation and the approach various governments and policymakers are taking towards the regulation of, and legal framework that underpins, Bitcoin has dominated crypto-centric news media coverage (and, to a degree, more mainstream media coverage) over the past twelve months. With prices rising

    Is Bitcoin Haram or Halal? Muslim Religious Views Remain Conflicted But Might Be Easing

    | 2017/12/11 5:15 pm
  • Bitcoin’s unprecedented growth and recent shift into the mainstream financial sector has many governments around the world increasingly worried. Australia has become the latest country to impose restrictions on digital currencies. Those who operate bitcoin exchanges in Australia will now have to register with Australia’s anti-money laundering agency, AUSTRAC. This new directive will also affect all other digital currencies that operate within the domain of the country. The latest development was born out of legislation that was

    Bitcoin Exchanges in Australia Will Have to Register with the Government

    | 2017/12/08 11:00 pm
  • Russia seems to taking their self-imposed responsibility of regulating crypto a step further. Even though it will still be legal to buy cryptocurrencies in the country, mining them could be a whole different story. The rise and rise (and rise) of Bitcoin is a cause for celebration for crypto enthusiasts and a bone of contention for cynics. As it’s popularity grows, more and more people are interested in the financial benefits that the digital currency

    Russia Steps up Crypto Regulation Efforts

    | 2017/12/07 12:30 pm
  • Initial coin offerings (ICOs) can easily net millions of dollars from enthusiastic investors, but a number of countries are starting to regulate them. The Philippines is the latest country to join this growing club. The vast surge in cryptocurrency value and popularity, especially Bitcoin, over the last couple of years took many sovereign governments and major financial institutions by surprise. The blockchain has led to a massive explosion in platforms, each looking to generate revenue

    Philippines Joins the Ranks of Countries Regulating ICOs

    | 2017/12/05 9:30 am
  • Once upon a time, China was the leader in bitcoin mining, accounting for an estimated 71% of the bitcoin mining market. But that bubble burst in September 2017 when the Chinese Central Bank completely banned all ICOs. In spite of the ban, Bitcoin has managed to flourish, increasing by over 144% since the ban. Still, China isn’t worried. According to the PBOC, Bitcoin is dying. Speaking at a financial forum in Shanghai over the weekend,

    People’s Bank of China Deputy Governor: ‘Bitcoin is Dying’

    | 2017/12/04 10:30 pm
  • The ban on cryptocurrencies is moving across borders. This time, it is Indonesia, the Southeast Asian giant, that has decided to prohibit all cryptocurrency-related transactions. According to a local report by Pikiran Rakyat, Indonesia’s regulation will prevent payment providers from cooperating or meeting with bitcoin investors, miners, or traders. This announcement was made by the Indonesia’s Central Bank Governor, Agus Martowardojo. According to Agus, the purpose of the ban is to make sure that the country’s

    The Ban on Cryptocurrencies Continues – Indonesia Joins Ranks with Morocco, Ecuador, and Others

    | 2017/12/04 5:00 pm
  • UK authorities are the latest to try and tackle Bitcoin regulation and user compliance. The regulatory issues associated with Bitcoin are something that still cause much confusion and concern globally both for users of the currency and the authorities on the other side of the equation. As 2017 draws to a close, more and more policymakers are outlining their respective frameworks for said regulation and, as per a recent report out of The Telegraph newspaper,

    The UK Is Trying To Crack Down On Malicious Bitcoin Use

    | 2017/12/04 12:45 pm
  • The Russian Association of Blockchain and Cryptocurrency is trying to establish a network of regulators for the ICO space but – whatever they achieve – doubts remain as to whether it can ever be totally effective. The part that various global nations will play in the regulatory side of the Bitcoin and cryptocurrency space is very much unclear right now but, one thing seems certain: that if any sort of regulatory activity is going to

    Russia Is Spearheading Global ICO Regulations But Can It Ever Work?

    | 2017/12/01 1:45 pm
  • Reserve Bank of Zimbabwe (RBZ) director and registrar of banking institutions, Norman Mataruka, recently stated that Bitcoin was illegal and that the regulator would not allow its use in Zimbabwe. Bitcoin is quickly becoming the crisis currency of the 21st century. Interest in Bitcoin soared in Nigeria after the country unpegged the Naira from the US dollar in June 2016, causing it to collapse 40% overnight. In Venezuela, Bitcoin has become a case study in cryptocurrency

    Reserve Bank of Zimbabwe: ‘Bitcoin is Not Legal’

    | 2017/11/26 1:30 pm
  • After China and South Korea started cracking down on cryptocurrencies and altcoin exchanges, a new report states that the Malaysian government is preparing a regulatory framework for cryptocurrencies.  More Cryptocurrency Regulations   A few months ago, news emerged that the Chinese regulatory body imposed bans and regulations regarding cryptocurrency activities. The ban mainly focused on Initial Coin Offerings or ICOs, because regulators feared that some of them may have been fraudulent. Regulators demanded that the

    Malaysian Government to Introduce Regulatory Framework for Cryptocurrencies

    | 2017/11/25 12:30 pm
  • The Securities and Exchange Commision released a public announcement that warns celebrities about endorsing potential unlawful ICOs and cryptocurrencies. The ICO Craze ICOs or Initial Coin Offerings have become the new trending investment opportunity of the year. According to the data from Coinschedule, there have been different ICOs this year which managed to raise the total amount of over $3 billion. The reason why so much money is being invested into ICOs is the fact

    SEC Warns Celebrities about Endorsing ICOs and Cryptocurrencies

    | 2017/11/03 8:00 am
  • A man in Michigan is facing federal charges for operating an unlicensed Bitcoin exchange after selling over $55,000 USD of Bitcoin to undercover agents. There’s a song that goes, “I fought the law, and the law won.” The reality is that the law usually wins as the state can devote an incredible amount of resources upon an individual or organization when it wishes to. Lately, the US government has been looking hard at unlicensed Bitcoin

    Michigan Man Busted for Unlicensed Bitcoin Exchange – Faces Jail Time

    | 2017/10/28 7:00 am
  • Using Bitcoin to buy everyday things, such as a burger, could trigger a tax bill from the IRS due to cryptocurrency being considered property. However, there is potential relief on the way in the form of new legislation. The last few years have seen a meteoric rise in cryptocurrency, which has been quite exciting for a lot of people. National governments have been less excited about Bitcoin and its brethren as they grope to find

    Using Bitcoin to Buy Things Could Trigger IRS Tax Bill

    | 2017/10/22 7:00 am
  • Russia has announced plans to launch a nationalized cryptocurrency called CryptoRuble, citing competitive advantage by being the first of its kind in Europe, and as state-controlled digital money in the light of an increasingly digital economy. Russia has announced, via communications Minister Nikolay Nikiforov, that the country will begin experimenting with a nationalized cryptocurrency. Exact facts are scarce, and most of the information comes directly from quotes from Nikiforov, although it is believed that once

    Russia to Issue First State-Backed Cryptocurrency ‘CryptoRuble’

    | 2017/10/17 3:45 pm
  • Famous cryptocurrency proponent and antivirus software developer John Mcaffee stated in a recent article that governments fear cryptocurrencies because they can’t tax them. Making Profits with Cryptocurrencies Cryptocurrencies have received a lot of attention from individual and institutional investors since there is a lot of money to be made. From day trading to cryptocurrency mining, there are a lot of ways to make a profit in the digital asset space. Initial Coin Offerings have become one of

    John McAfee: Governments Fear Cryptocurrencies Because They Can’t Tax Them

    | 2017/10/10 4:00 pm
  • This past week produced some mixed news for the Bitcoin community, with one win and two losses. While the Malaysian government has reportedly given the green light to legalize the use of Bitcoin within the country, the Ukrainian and Indonesian central banks have declared that they refuse to recognize the cryptocurrency as a means of payment. Malaysia Magic Malaysia’s central bank is reported to be working on developing a framework to regulate the use of

    Bitcoin Legalization Update: Malaysia, Ukraine, and Indonesia

    | 2017/09/24 3:45 pm
  • Beleaguered by so-called ‘black money’ and tax evasion, the Indian government is planning to issue its own fiat cryptocurrency according to recent news reports. Stronger Regulations It’s been almost a year since the Indian government decided to take harsh measures against “black” money and tax evasion. On November 18, 2016, the Indian government removed their two highest value banknotes from circulation, effectively removing 22 billion banknotes from the country’s monetary system. With many people fearing

    Indian Government May Issue its Own Fiat Cryptocurrency

    | 2017/09/19 6:30 am
  • CHINA BANS BITCOIN; a phrase that many people in the Bitcoin community have heard a dozen times and will probably hear it a dozen more. But for the first time, it could have some truth behind it. BTCChina has announced on Twitter plans to shut down operations by the end of the month China Rumors in Full Swing Rumors have been swirling the crypto space over the past few days about China apparently tightening its

    BTCChina Announces They Will Stop Trading by End of Month

    | 2017/09/15 12:00 pm
  • Russia’s Finance Minister announced the government’s goal of legalizing and regulating the circulation of cryptocurrencies. Unlike China, Russia will not outright ban ICOs as it plans to take full advantage of this new financial technology. Although a segment within the Russian administration has not given its backing to cryptocurrencies, most of the evidence and recent developments in the country point towards a push from Kremlin to become the world’s most powerful country on the back of its early adoption of artificial intelligence.

    Kremlin For The Win? Russia To Regulate Cryptocurrency Markets

    | 2017/09/09 9:00 pm