Bitcoin Regulations News

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.

News
BCB Group, a British crypto firm that provides services to exchanges like Coinbase and Bitstamp, is now officially approved by U.K. financial watchdog, the FCA.
British Financial Watchdog Approves BCB Group as Authorized Payment Firm
Helen Partz
2020-01-29T19:00:00+00:00
2705
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A UK high court imposed a proprietary injunction on Bitcoin paid as ransom in a ransomware attack.
UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case
Adrian Zmudzinski
2020-01-28T13:18:00+00:00
6163
News
A draft of an Indian national strategy on blockchain floats the idea of a central bank digital currency, the digital Indian rupee, and a national blockchain.
Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee
Helen Partz
2020-01-28T12:38:00+00:00
6156
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Gemini Europe, — the U.K. and EU affiliate of the Winklevoss twins’ crypto exchange Gemini — has appointed a new chief compliance and money laundering reportin...
Gemini Europe Hires New Chief Compliance Officer for Europe Expansion
Marie Huillet
2020-01-28T08:44:00+00:00
1818
News
The Israeli Securities Authorities seeks public input to identify pain points in blockchain regulation and identify clear advantages to the sector’s development...
Israeli Regulators Request Feedback to Foster Blockchain Innovation
Andrey Shevchenko
2020-01-27T18:06:00+00:00
2203
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Oksana Markarova, Ukraine’s Finance Minister, names the local authority that will be able to track the sources of origin of crypto funds.
Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says
Helen Partz
2020-01-24T17:22:00+00:00
2781
News
Hawaii senators have introduced a bill authorizing banks to offer custody services to digital asset classes.
Hawaii Introduces Bill Authorizing Banks to Offer Crypto Custody
Jack Martin
2020-01-24T13:30:00+00:00
3097
News
The Supreme Court of India has this listened to further hearings in the landmark case against the central bank’s ban on banks’ dealings with crypto-related busi...
Week Two of RBI Vs. Crypto at the Supreme Court of India
Marie Huillet
2020-01-24T11:34:00+00:00
4049

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