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As digital currencies and blockchain technologies evolve, so too will the ways in which they are regulated. As rulemakers look to impose limitations and innovators continue to work within (and outside of) these rules, we will keep readers up to date how the latest lines are being drawn.


Coin Center Praises California’s Updated Draft for Digital Currency Legislation

Earlier this year Bitcoin policy think tank Coin Center claimed the role of interface to policymakers and regulators, with the publication of a framework for state digital currency regulation.  On March 27, Coin Center issued a detailed commentary to New York’s BitLicense, combining measured praise with constructive criticism. MIT Digital Currency Initiative lead Brian Forde praised the Coin Center commentary, and, in particular, the idea […]

Jul 8, 2015

European Banks Rumored to be Monitoring and Reporting Transactions Related to Bitcoin

An anonymous Reddit user who self-identifies as bank employee posted a warning saying that his bank received a memo from the national financial institute, with instructions to report anyone who receives more than €1,000 that may be linked to Bitcoin.The five-page memo outlines how surveillance works, how the network is monitored and says that some […]

Jun 25, 2015

Final BitLicense Rules for New York State Released Today by NYDFS Superintendent Ben Lawsky

New York State Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky today released the final version of the BitLicense regulations, saying that his “gut feeling” was that digital currencies are here to stay.The BitLicense program to require digital currencies businesses in New York state to operate with a license and report to government has long […]

Jun 3, 2015

Regulation of Bitcoins in Germany: First Statement on Bitcoins by German Federal Financial Supervisory Authority

Bitcoins continue to keep supervisory authorities, businesses and users as well as speculators busy. On 19 December 2013 the German Federal Financial Supervisory Authority (BaFin) published its input to the vivid discussion on how Bitcoins are presently regulated in Germany. BaFin puts some points in concrete terms (especially trading with Bitcoins) and confirms some preceding […]

Feb 5, 2014

Using Bitcoin With QuickBooks- Part 2: Revaluing Your Wallet and Converting to Cash

This is the second part of a multi-part series that will explain how to integrate Bitcoin as a payment method using your existing accounting software package. Why would you need to do this? Because generally accepted accounting principles and regulatory authorities require reporting in US Dollars and other conventional currencies. This procedure will allow you […]

Dec 3, 2013

FINCEN: Bitcoin Users Not Regulated, Exchanges Are

Fincen issues guidance that regulation will only target exchanges, not Bitcoin users.

Mar 19, 2013