Soon after the fall of Mt. Gox and Flexcoin, the central bank of Singapore confirmed Thursday that it will begin to regulate bitcoin "intermediaries," otherwise listed as exchanges and vending machines, in order to combat money laundering and terrorism financing. The Monetary … [Read more...]
Israeli prime minister is mulling bitcoin regulation to protect markets
Last month, the Bank of Israel issued a standard statement on bitcoin: it’s risky, it’s volatile, it’s unsafe and it’s not government-issued therefore the central bank is not responsible for any loss in digital holdings. "Virtual currencies are not issued by a central bank, and are … [Read more...]
Bitcoin investors of the cryptocurrency call for regulation
Over the past four years, bitcoin investors prided the digital currency of being decentralized, anonymous and revolutionary. Although the virtual currency can certainly be described as revolutionary, it may no longer be anonymous, especially if some investors have their … [Read more...]
Report: Japan considering bitcoin regulation and taxation
Amid the bankruptcy filing and closure, Japanese authorities are considering adopting regulatory and taxation measures for bitcoin, according to a report from Reuters which cited a cabinet meeting scheduled for Friday. The Japanese cabinet will look at the best methods to implement … [Read more...]
Japan authorities looking at possible intervention after Mt. Gox implosion
Since the triumphant ascension of the cryptocurrency industry, its proponents have long urged the federal governments and the central banks of the world to stand back, refrain from regulations and just mind their own business. However, things might have changed after Tuesday's … [Read more...]
Jack Lew warns of looming bitcoin regulations
Speaking at the World Economic Forum in Davos, Switzerland last month, United States Treasury Secretary Jack Lew warned that regulations of bitcoin (BTC) could be instituted by the federal government soon. Lew argued that authorities cannot permit bitcoin to become a tool to fund … [Read more...]
Anti-money laundering legislation is deterring gold dealers from accepting bitcoin as payment
Due to the uncertainty regarding federal and state rules and regulations, precious metal dealers are cautious about accepting bitcoin as a method of payment. Industry insiders tell the International Business Times that questions over anti-money laundering legislation is a major … [Read more...]
Bitcoin desperately needs a transparent US exchange – could government regulation help
This week, bitcoin (BTC) has dominated the headlines after numerous digital currency exchanges have shut down their services after experiencing denial of service (DOS) attacks. This has caused the value of bitcoin to drop to less than $650 – there was also a flash crash that saw … [Read more...]
Bitcoin developer Gavin Andresenm says government consumer protection legislation could be useful
A lot of libertarians and technology enthusiasts upset over the government have turned to Bitcoin (BTC) over the past couple of years. The virtual currency was seen as a way to use money without the Federal Reserve and other central banks and financial institutions. Essentially, it … [Read more...]
