Fidelity Digital Asset Services, LLC has procured a charter from the New York State Department of Financial Services to operate a virtual currency custody and e...
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.
- Grayscale Files Form to Become First Bitcoin Fund to Report to SEC
- Canada’s Largest Bank Refutes Rumors About It Launching Crypto Exchange
- Lamborghini Now Uses Salesforce Blockchain to Certify Heritage Cars
- FEMA Suggests Blockchain-Based Registry to Improve Disaster Insurance Payouts
- Willy Woo: $8K Bearish Bitcoin Price in ‘Unique Setup’ Before Halving