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Yang Lixin, a senior law figure currently drafting China’s new civil law, has described Bitcoin as “virtual movable property.”
CRA has announced it views Bitcoin and digital currency as “specified foreign property” for tax purposes.
The newly patched “Venom” vulnerability in virtualization software is “perfect” for any organization targeting bitcoin wallets, private keys and forum passwords.
With the help of Bitcoin, a new kind of license transforms the usage rights to copyright-protected digital artworks into limited and tradable virtual properties.
The Washington DC-based organization Cato recently announced some “good news:” that civil asset forfeiture – that is, state seizure of a person's home, car, and bank accounts – has been “abolished” in New Mexico.
Bitcoin’s block chain has become well known for its use as a public ledger for digital currency transactions. By harnessing a decentralized network that is now more powerful than the top 500 supercomputers combined, it has removed the need for third parties like banks to verify online transactions, vastly reducing the costs of doing business. The extension of this technology has the potential to revolutionize the way people forms contracts, register domain names, and now, even prove ownership of intellectual property.
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