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Category: Regulation

Bitcoin regulations differ widely from state to state. Bitcoin’s legal status, as of yet, has not been firmly established, which has led to unsustainable regulation policies in the industry. Bitcoin regulations may be strict and prohibit the use of Bitcoin all together, like in Algeria and Bolivia; its use may be restricted to certain kinds of entities, like financial institutions in China; or it might be totally legal and implemented into the taxation system, like in Israel. Most regulations concerning Bitcoin are not established directly to control Bitcoin itself, but to manage all cryptocurrencies, Bitcoin being one of them. A lot of central financial authorities do not recognize Bitcoin as a currency and regulate it, rather, as an asset, stating that they would not regulate its use, but will warn its citizens of the high risks that come with its usage.

Category:
  • News
  • Regulation

Iran Is Being Targeted for Economic Independence, Not Terrorism

New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions Continue Reading

Posted On : September 22, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

Facebook Libra: a focus for European antitrust and financial regulators

European Union Competition Commissioner Margrethe Vestager in a press release talked about how Facebook Inc’s Libra digital currency will be in focus of the antitrust and financial regulators in future. Continue Reading

Posted On : August 31, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

China’s State-Backed Cryptocurrency: ‘Gaining Momentum’ Or ‘Inaccurate Speculation’?

China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called Continue Reading

Posted On : August 29, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

US Regulators Return From Trip to Switzerland, Express ‘Concern’ Over Big Tech Global Currency

A trip to Switzerland by US lawmakers led by Maxine Waters, chair of the House Financial Services Committee, to probe Facebook’s Libra initiative has apparently done little to allay concerns. Continue Reading

Posted On : August 26, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

Swiss Regulator Licenses Two New Blockchain Companies as It Shores up Legal Requirements

Swiss financial authority FINMA offered guidance this week on anti-money laundering (AML) requirements for blockchain-based companies even as it granted broker-dealer licenses to two new blockchain companies. FINMA considers AML Continue Reading

Posted On : August 26, 2019 Published By : CrypGeek
Category:
  • Bitcoin News
  • News
  • Regulation

Indian Apex Court Grills RBI over Bitcoin Trading Ban

The courtroom battle between India’s bitcoin exchanges and the central bank appears to go in favor of the former. In a hearing today, the Supreme Court judge asked the Reserve Continue Reading

Posted On : August 20, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

U.S crypto-regulations have become more aggressive and lack clarity, claims ShapeShift’s Chief Legal Officer

While government organizations are yet to choose sides for drafting crypto-related regulations, crypto-exchanges (that predominantly serve as the front door to crypto-adoption) must keep up with changing requirements, or risk Continue Reading

Posted On : August 20, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

New Zealand Rules for Crypto Salary — Have Hopes Been Answered?

The national tax authority of New Zealand, the Inland Revenue Department (IRD), has recently published binding rulings and guidance for salaries and bonuses paid in crypto, made under s 91D of Continue Reading

Posted On : August 18, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

Australian Tax Office has sent out Warning letters to Investors who have invested 90% of Retirement Savings in Cryptocurrencies

The ATO (Australian Tax Office) has sent cautioning letters to investors who have invested most of their retirement investment funds in cryptocurrencies. As per a local news agency, the Australian Continue Reading

Posted On : August 18, 2019 Published By : CrypGeek
Category:
  • News
  • Regulation

China’s State Cryptocurrency Will Not be Decentralized

China announced that its state-backed, central bank issued digital currency (CBDC) won’t be decentralized and will only partially use a distributed ledger, causing doubts over whether it can be classed Continue Reading

Posted On : August 17, 2019 Published By : CrypGeek

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  • Bitcoin’s energy consumption ‘equals that of Switzerland’

    Posted On: July 4, 2019
  • Samsung Coin? Electronics Giant Secretly Tests Ethereum Blockchain (ERC20) Token: Report

    Posted On: April 24, 2018
  • A Blockchain System for Azerbaijan’s Digital Economy

    Posted On: June 24, 2018
  • Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes

    Posted On: June 29, 2018
  • Iran Is Being Targeted for Economic Independence, Not Terrorism

    Posted On: September 22, 2019
  • Iran Is Being Targeted for Economic Independence, Not Terrorism

    Posted On: September 22, 2019
  • Facebook buys startup to boost cryptocurrency Libra experience

    Posted On: September 22, 2019
  • Nigerian politician pays $15K ransom in Bitcoin

    Posted On: September 22, 2019
  • Fake Telegram TON Ads Appearing On Russian Facebook

    Posted On: September 22, 2019
  • McAfee Report Warns of Ransomware Resurgence as Crypto Mining Malware Rises 29%

    Posted On: August 31, 2019
  • CrypGeek  on Bitcoin’s energy consumption ‘equals that of Switzerland’
  • Martin  on Bitcoin’s energy consumption ‘equals that of Switzerland’

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Crypto Geek Crypto Geek

Eveything Crypto | News, How to, etc…

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Crypto Geek Crypto Geek

Eveything Crypto | News, How to, etc…

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  • Iran Is Being Targeted for Economic Independence, Not Terrorism

    Iran Is Being Targeted for Economic Independence, Not Terrorism

    Posted On: September 22, 2019
  • Facebook buys startup to boost cryptocurrency Libra experience

    Facebook buys startup to boost cryptocurrency Libra experience

    Posted On: September 22, 2019
  • Nigerian politician pays $15K ransom in Bitcoin

    Nigerian politician pays $15K ransom in Bitcoin

    Posted On: September 22, 2019
  • Fake Telegram TON Ads Appearing On Russian Facebook

    Fake Telegram TON Ads Appearing On Russian Facebook

    Posted On: September 22, 2019
  • McAfee Report Warns of Ransomware Resurgence as Crypto Mining Malware Rises 29%

    McAfee Report Warns of Ransomware Resurgence as Crypto Mining Malware Rises 29%

    Posted On: August 31, 2019
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