Vietnam Plans to Regulate Bitcoin as Current Laws ‘Fall Short’
The government of Vietnam has signalled it is time to consolidate cryptocurrency regulations as its current provisions “fall short.” Also...
Bitcoin Regulation
Bitcoin regulation has been a hot potato recently. Not a day goes by when news does not emerge somewhere in the world of new regulations being brought in. Crypto is such a new industry that governments are scrambling to keep up. The massive ICO boom of 2017 and 2018 led to a lot of bad actors entering the scene which has put the entire ecosystem in the spot light for regulators. Bitcoin regulation is not a bad thing, it is necessary to protect traders and investors from bad actors though governments will often use this as an excuse to clamp down on crypto companies. The nations of Asia appear to be further ahead with bitcoin regulation with Japan and Singapore leading the way. The US has procrastinated thus far but moves are afoot to accelerate the process as institutional interest increases and new bitcoin investment products await regulatory approval. At Bitcoinist we have access to the latest news and updates on regulation efforts around the world as nations either warm to crypto or decide to prevent their people using it.
US Regulations: OCC Puts End to State-By-State Compliance Mess
Attorney and Bitcoin advisor Marco Santori has hailed “the end of state-by-state licensing” following news that fintech startups will no...
Russia’s Tax Service Confirms Bitcoin Legal Status as Foreign Currency
A document issued by the Russian Federal Tax Service finally presents the first official position on the status of Bitcoin and...
IRS Sees Bitcoin Transfers as ‘Taxable’ Events [UPDATE]
Editor’s note and technical retraction: The original version of this article published December 2 inaccurately represented comments made by Daniel Winters. We...
BitLending Club Shuts Down Due to ‘Regulatory Pressure’
Global lending marketplace BitLending Club has announced the shut down of its platform following pressure from regulators. Also read: COINBASE:...
Coinbase: Cali Court Approves IRS Blanket Data Demands
A California district court has upheld a request by the US Internal Revenue Service (IRS) to snoop on the transaction...
Industry Report: Moscow Gets its First Bitcoin Exchange
Moscow opens its first digital currency exchange, California shelves its plans to regulate bitcoin, and the Bank of England looks...
Bears and Bulls Continue to Battle Over Bitcoin Price
The price of bitcoin has fallen since our last piece, this time hovering around $573 at press time. Some feel...
