The year 2017 has been a remarkable year for Bitcoin, particularly in the world of finance. Bitcoin was rightfully accepted as mainstream in the financial world, and achieved astonishing growth, both in value and adoption. Next year, Bitcoin’s battlefield will most likely move into the U.S. Congress, where a bill has been introduced that allegedly could stifle innovation by burdening the crypto ecosystem with unnecessary, confusing, and even redundant regulatory obligations. The U.S. Congress to
Tag Archive: FinCen
Bitcoin, Bitcoin Politics, Bitcoin Regulation, News, News teaser Bitcoin Exchange, Bitcoin Regulation, Legislation, News, News teaser
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
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The world of Bitcoin and digital currency is plagued by regulatory uncertainty across the globe. Several countries are debating on how they should regulate Bitcoin, while other countries are focusing on taxing digital currency. In the United States, regulation depends on which state your business operates in. But the American Bar Association may change all of that in the near future. Also read: Bitcoin Regulation Is Still Far Away For America The Current State of Bitcoin
Altcoins, Bitcoin, Knowledge Base, Legislation, News, Uncategorized
FinCen has issued two basic administrative rulings over digital currencies; The first one relates to the application of FinCEN regulations to a virtual currency trading platform, while the second discusses the application of FinCEN regulations to a virtual currency payment system.