Government

Finland: Authorities Unsure How To Store 2,000 Seized Bitcoins After Treasury Guidelines

2 days ago kakp2 0
Authorities in Finland are trying to devise a means to store 2,000 bitcoins confiscated in 2016, following new guidelines from the Treasury published Tuesday, Feb. 20, Bloomberg reported. According to Bloomberg, citing the Treasury guidelines, the authorities are prohibited from storing the Bitcoin stash, worth roughly $22.8 mln today, on virtual currency exchanges or services, Read More

US: Republican, Democrat Officials Calling For Crypto Regulation In Rare Show Of Unity

4 days ago kakp2 0
A bipartisan movement of US lawmakers are considering forming new legislation to regulate cryptocurrencies, prompted by the increasing interest – and therefore risk – in cryptocurrency worldwide, according to Reuters. There is currently no singular body in charge of overseeing cryptocurrencies in the US– the responsibility is instead divided between individual states, the US Securities and Read More

Wyoming Introduces New Bill To Exempt Crypto From Property Taxation

4 days ago kakp2 0
A new tax bill has been introduced in the Wyoming state senate on Feb. 16 that would exempt virtual currencies from state property taxation, and suggests an effective date be provided for the tax exemption implementation. Wyoming Senate Bill 111 was introduced by senators Ogden Driskill, Tara Nethercott, and Chris Rothfuss, along with representatives Tyler Read More

Swiss Financial Authority Releases ICO-Specific Regulatory Guidelines

5 days ago kakp2 0
The Swiss Financial Market Supervisory Authority (FINMA) published a set of guidelines yesterday, Feb. 16, for applying existing financial market legislation to the regulation of Initial Coin Offerings (ICO). FINMA CEO Mark Branson sees these guidelines as a way of helping Blockchain technology successfully enter Swiss markets, noting that Blockchain companies “cannot simply circumvent the Read More

Durov Brothers File Telegram And TON With SEC, Report $850 Million Already Raised

6 days ago kakp2 0
Telegram creators Pavel and Nikolai Durov have filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC) Feb. 13, reporting $850 mln raised under the SEC exemption Rule 506(c) from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.” The type of Read More

Baltic Finance Ministries Decide to Support Blockchain Technology Development

3 months ago adcity Comments Off on Baltic Finance Ministries Decide to Support Blockchain Technology Development
The finance ministries of the Baltic states have expressed their support to the development of Blockchain or distributed ledger technologies (DLT). The aim is to help in the advancement of capital market innovations. In their recent Memorandum of Understanding (MOU), the ministries for Estonia, Latvia and Lithuania have announced their cooperation on several actions aimed Read More

UN Partners WIN to Fight Child Trafficking With Blockchain

3 months ago adcity Comments Off on UN Partners WIN to Fight Child Trafficking With Blockchain
The United Nations (UN) has partnered with the World Identity Network (WIN) to create a Blockchain-based digital identity system to help fight child trafficking around the world. The partners have already launched a pilot test of the system as of mid-November 2017. The partners announced the launching of the pilot program at the Humanitarian Blockchain Read More

China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges

4 months ago adcity Comments Off on China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges
Finance After shutting down the country’s bitcoin exchanges, the Chinese government is monitoring the booming cryptocurrency over-the-counter (OTC) market. A recent government report shows that 680 million yuan, approximately $103 million, were traded in the last two weeks of October on the top three international OTC trading platforms. Also read: China May Try to Block All Read More

Saudi Arabia arrests Billionaire Prince – Could Uncertainty Boost Bitcoin?

4 months ago adcity Comments Off on Saudi Arabia arrests Billionaire Prince – Could Uncertainty Boost Bitcoin?
Political uncertainty in the Middle East has risen to an all-time high, with Saudi Arabia arresting the richest Arab in the world, Prince Alwaleed bin Talal. Could this result in a shift to Bitcoin, the digital safe haven, in the Middle East? Saudi Arabia’s crackdown Saudi Arabia has initiated a sweeping crackdown, ostensibly against corruption, Read More