#regulation

Earlier this February, German ministry of finance came up with a proposal to limit cash transactions to €5,000. While the move has launched yet another set of indignation ripples across local society, it can hardly be perceived as something new. Most European countries have already imposed some restrictions on amounts transferred in cash. Thus, France […]

The draft law developed by Russian ministry of finance, which implies criminal punishment for issuance and turnover of crytocurrencies, will be submitted to the parliament in June at the latest, TASS reports referencing to a source in the ministry. “It will be submitted by June. The government’s instruction restrains us to June 2016,” said the […]

Government institutions are well-known for their continuing attempts to impose controls on everything they may possibly think of. This is not a modern trend; examples of this kind of behavior are identifiable throughout the whole history of humankind. Government is all about controlling after all, and any such entity, be it in ancient Egypt, the […]

Russian authorities are traditionally cautious when it comes to cryptocurrencies, as they suspect virtual money may be used to finance terrorist organizations and possible rebellous activities. For that reason, the government continuously removes any possibility of anonymity in financial transactions. However, the Central Bank of Russia actively researches new technologies, including the blockchain. According to […]

The recent post by American lawyer Daniel Friedberg launched an extended discussion in the community, with mostly negative stance towards its basic idea. As a reminder, Friedberg stated that in case Bitcoin goes through a hard-fork, one of two resulting currencies will be different from the initial Bitcoin; and as names of the originators of […]

With the commonly acknowledged lack of general consensus in the notorious block size debate, the community may eventually face unexpected legal problems in case a hard-fork is implemented, according to Daniel Friedberg, head of an American law company Riddell Williams PS. In his recent post he outlined the issues that may arise in the consequence […]

According to the vice commissioner of the European Council Valdis Dombrovskis, the regulations may incorporate prohibition of transactions from so-called “high-risk countries”. Speaking at a press conference in Brussels on Saturday, February 13, Dombrovskis stated: “By June at the latest we will propose measures to […] have better control of payment forms such as virtual […]

Russian Ministry of Communications has prepared a draft law implying government control of internet traffic. According to the document, the authorities will be entitled to control internet traffic routes within Russia.