#regulation

The cryptocurrency trial in Estonia, or so-called “bitcoin case” was reviewed in open court hearing. A Netherlands enrepreneur, Otto de Voogd, faces trial for running a cryptocurrency exchange. Possible punishment for his activities may place him in jail or cause him to pay enormous penalty fee. Open hearing is an uncommon practice for a superior […]

On the background of the continuing legal debate concerning the status of bitcoin as commodity, currency, or property, a bankruptcy court of California is expected to rule whether bitcoin should be deemed a currency on February 19. The ruling is expected to conclude a lawsuit of HashFast mining company’s trustee Michael Kasolas against Marc Lowe, […]

German Klimenko, Vladimir Putin’s internet counselor assigned to the position by the Russian president in early 2016, stated in an interview to local news service Lenta.ru that accepting bitcoin is a crime. “Bitcoin is not the first one, there are other settlement means. Accepting bitcoin as a payment for anything is inacceptable because it is […]

The governments of the Commonwealth’s of Nations (formerly known as the British Commonwealth) Working Group on Virtual Currencies published a report calling all 53 member states to initiate a discussion on legalization of Bitcoin and other cryptocurrencies.

According to Russian Ministry of finance, so-called money surrogates, a term usually encompassing cryptocurrencies, may be a threat both to the country’s economy and national security.

The European Commission, the executive body of the EU, announced its plans to tighten accountability requirements for cryptocurrency exchanges and bitcoin wallet providers. The measure is a part of the EU’s extended efforts to combat financing of terrorist groups. In particular, the European officials intend to oblige EU-based wallets and exchanges to have all of […]

These days, bitcoin and other cryptocurrencies are starring in speeches by various European officials proceeding from terrorist funding assumptions. In late 2015, the French minister for finance, Michel Sapin, stated that the Paris attack could have been prevented had the government been able to track down small transactions, which allegedly were the payment system employed […]

Last week, Russia’s ‘official’ bitcoin enthusiast and, as a second job, the head of Sberbank, German Gref, has finally found an ally, Alexei Kurdin, former minister for finance. A bit earier, speaking at Gaidar Forum, Gref stated that “all government systems, and education, including everything from kindergartens to universtities, have to be changed in the […]