Regulation

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.

An importer of cryptocurrency mining gear is reportedly under investigation for dodging $1.2 million in Russian customs fees.
Russian Miner Importer Under Investigation for Dodging Import Fees

An importer of cryptocurrency mining gear is reportedly under investigation for dodging $1.2 million in Russian customs fees.

In a Senate hearing this morning, lawmakers wrestled with the distinguishing features of Bitcoin and the need for clear crypto regulations.
Senate Wrestles With Bitcoin vs. Crypto, Gauges Need for Regulation in Latest Hearing

In a Senate hearing this morning, lawmakers wrestled with the distinguishing features of Bitcoin and the need for clear crypto regulations.

The cryptocurrency investment firm XBTO International Limited has obtained a license allowing it to legally operate in Bermuda.
Global Crypto Firm XBTOI Granted License in Bermuda

The cryptocurrency investment firm XBTO International Limited has obtained a license allowing it to legally operate in Bermuda.

The IRS is sending those who have conducted cryptocurrency transactions reminders to pay the requisite taxes.
The IRS Is Sending Bitcoin Investors Reminders to Pay Crypto Tax

The IRS is sending those who have conducted cryptocurrency transactions reminders to pay the requisite taxes.

Treasury Secretary Steven Mnuchin forewarns “more regulations” on cryptocurrency.
U.S. Treasury Secretary Warns of New Crypto Regulations

Treasury Secretary Steven Mnuchin forewarns “more regulations” on cryptocurrency.

The Thailand subsidiary of cryptocurrency exchange company Huobi Group has received one of the first digital asset licenses in the country.
Huobi Granted Thailand’s Fifth Digital Asset License

The Thailand subsidiary of cryptocurrency exchange company Huobi Group has received one of the first digital asset licenses in the country.

Congress is set to take a deeper dive into crypto regulation during a crypto and blockchain technology hearing on July 30, 2019.
U.S. Senate to Hold Hearing on Crypto, Blockchain Regulation Next Week

Congress is set to take a deeper dive into crypto regulation during a crypto and blockchain technology hearing on July 30, 2019.

New York’s new task force and research and innovation division will help regulate crypto use and crypto companies.
New York Introduces Two New Crypto Regulators

New York’s new task force and research and innovation division will help regulate crypto use and crypto companies.

By relocating its cryptocurrency exchange business to Bermuda, Circle can escape regulatory uncertainty in the U.S.
Circle Moves Exchange Business to Bermuda Amid Regulatory Uncertainty

By relocating its cryptocurrency exchange business to Bermuda, Circle can escape regulatory uncertainty in the U.S.

After months of speculative reports, official recommendations for crypto regulations have arrived in India.
India Crypto Regulations Report Calls for Ban

After months of speculative reports, official recommendations for crypto regulations have arrived in India.

According to research from CryptoUK, nearly three-quarters of crypto companies in the United Kingdom are forced to open foreign bank accounts.
Survey: U.K. Crypto Companies Must Bank Abroad

According to research from CryptoUK, nearly three-quarters of crypto companies in the United Kingdom are forced to open foreign bank accounts.

Bitcoin News Week in Review
Bitcoin Magazine’s Week in Review – July 20th, 2019

7/20/19: Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular Bitcoin news from this week.

Despite mixed developments, a lawmaker in India has confirmed that the country has no cryptocurrency ban.
Finance Minister: India Has No Cryptocurrency Ban

Despite mixed developments, a lawmaker in India has confirmed that the country has no cryptocurrency ban.

The Hangzhou Internet Court ruled that bitcoin is considered legal property under the law in China.
Bitcoin Deemed ‘Virtual Property’ By Chinese Court

The Hangzhou Internet Court ruled that bitcoin is considered legal property under the law in China.

The CFTC investigation into BitMEX is the latest in a wider trend of U.S. regulators ramping up scrutiny of cryptocurrency companies.
CFTC Opens Probe Into BitMEX Over U.S. Trader Accounts

The CFTC investigation into BitMEX is the latest in a wider trend of U.S. regulators ramping up scrutiny of cryptocurrency companies.

Following adoption later this month, France is set to approve the first group of firms under its new crypto regulation.
France Will Soon Adopt New Crypto Regulations

Following adoption later this month, France is set to approve the first group of firms under its new crypto regulation.

SCXM has been authorized as a platform for large financial institutions and trading firms, and Zero Hash will serve as a money transmitter.
New York Grants BitLicense to Two Seed CX Subsidiaries

SCXM has been authorized as a platform for large financial institutions and trading firms, and Zero Hash will serve as a money transmitter.

In Senate Hearing, Facebook’s Iffy Reputation Looms Over Libra Plans

Today, Libra project head David Marcus testified in front of the United States Senate Banking Committee on Facebook’s planned Libra “cryptocurrency.”

The U.K.’s Economic Crime Plan outlines AML and CFT regulations for crypto assets to be implemented in January 2020.
U.K. Releases Economic Crime Plan That Addresses Crypto Assets

The U.K.’s Economic Crime Plan outlines AML and CFT regulations for crypto assets to be implemented in January 2020.

Canadian citizens in the city of Richmond Hill will soon be able to make municipal tax payments in bitcoin.
First City in Canada to Trial Bitcoin Tax Payments

Canadian citizens in the city of Richmond Hill will soon be able to make municipal tax payments in bitcoin.

Bitcoin News Week in Review
Bitcoin Magazine’s Week in Review – July 13th, 2019

7/13/19: Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular Bitcoin news from this week.

Spanish Officials: AML Regulations Lack Bitcoin ATM Guidelines

Due to a lack of crypto-specific regulations in European laws, Spanish officials say it’s hard to prove links between bitcoin ATMs and laundered funds.

Tax Clarity Bill for Hard Fork Assets Reintroduced
Congressman Reintroduces Hard Fork Tax Clarity Bill

U.S. Representative Tom Emmer has reintroduced a bill that could add clarity for taxpayers who hold forked cryptocurrencies.

Canada has introduced AML regulations in response to concerns about money laundering and terrorist financing.
Canadian Government Releases Final AML Regulations for Crypto Businesses

Canada has introduced AML regulations in response to concerns about money laundering and terrorist financing.