Tag: law

Sep 23 2021

Inside El Salvador’s Bitcoin Law Implementation

Sep 23 2021 Published at Bitcoin Magazine under tags  culture el salvador law spaces video

Bitcoiners who were in El Salvador as its Bitcoin law was implemented reflect on the good and the bad of state-sponsored Bitcoin adoption.Watch On YouTubeListen:...

Sep 15 2021

The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States.The following article was previously published by Tax Notes, and has been republished here with permission.An overlooked provision in the Senate-approved infrastructure bill1...

Sep 08 2021

Mario Gomez Lozada On El Salvador’s Bitcoin Law

With El Salvador’s Bitcoin Law poised to take effect, we speak with a prominent Salvadoran entrepreneur about his thoughts on the development.Mario Gomez Lozada, CEO of PowerTrade, is a finance professional and serial entrepreneur with over 20 years of experience in the fixed income and currencies & commodities markets. In 2014, Lozada founded...

Aug 31 2021

Panama Could Benefit From Bitcoin Adoption Like El Salvador

Following in El Salvador’s footsteps, Panama remains poised to become a leading bitcoin adopter.A few brave people in Panama are pushing to move a cryptocurrency bill forward as they work to overcome fear and uncertainty from the majority in Congress and the general population.On June 8, 2021, Satoshi Nakamoto smiled as wide as the horizon that can be seen from the...

Aug 17 2021

Congress Has Kicked The Cyber Hornet's Nest

Aug 17 2021 Published at Bitcoin Magazine under tags  congress culture law politics regulation

It shouldn’t be surprising that a decentralized, open-source monetary network is good at organization.Written August 12, 2021.With the debate over the infrastructure bill, policymakers were caught off guard. Few in Washington anticipated Bitcoiners’ ability to respectfully and relentlessly express our disdain toward unnecessary regulation that is likely to have unintended consequences.The...

Aug 04 2021

To Fix Dangerous Infrastructure Bill, Bitcoiners Must Engage

Aug 04 2021 Published at Bitcoin Magazine under tags  culture law politics regulation taxes

The language in the infrastructure bill is an example of why the Bitcoin community has to engage politically.Authored August 3, 2021In recent days, draft language in the proposed infrastructure bill raised a flurry of concerns for the Bitcoin community and the larger digital asset space. Congress proposed heightened reporting requirements for “brokers'' of digital assets. The current draft bill...

Jul 30 2021

Elizabeth Warren Is Trying To Limit Financial Inclusion

Jul 30 2021 Published at Bitcoin Magazine under tags  culture law lawmakers regulation senate

Despite groundbreaking work occurring within Bitcoin, our “progressive” leaders continue to make backwards progress.If you’re a member of the Bitcoin community, whether self-proclaimed or working with an entity such as Bitcoin Magazine, you should be well-experienced with the chaotic nature of the narratives and politics around Bitcoin — and the sweepingly ignorant inclusion with “cryptocurrencies” in...

Jul 29 2021

The Infrastructure Bill Shows Why Bitcoiners Need To Be Politically Active

This is simply the latest development that shows the lack of understanding amongst policy makers.The Senate procedural vote held late Wednesday night was a big step forward in the difficult process of brokering such a large infrastructure package in Congress. This is, however, the very first step for the package, and requires a few more hurdles before it reaches President Biden’s desk...

Israeli Draft Bill Aims To Force Investors To Report Bitcoin Holdings Above $61K

An Israeli draft bill seeks to demand that investors report bitcoin holdings above $61,000 to tax authorities, bitcoin advocates oppose.On Tuesday, a draft law was published by the Ministry of Finance of Israel that would demand investors there to report bitcoin holdings more significant than $61,000 to...

Jul 20 2021

EU Proposes Law To KYC All Wallet Transfers

Jul 20 2021 Published at Bitcoin Magazine under tags  bitcoin business european union kyc law

The EU proposed a law that would force companies engaging in BTC transactions and transfers to collect identities of senders and receivers.The European Commission has proposed a law that would force companies that engage in Bitcoin transactions and transfers within the EU to collect the identities of senders and receivers. Under this law Bitcoin transactions from companies would then become know-your-customer...

Jul 14 2021

The Next Generation of Attorneys: Three Reasons Why Law Schools Should Be Teaching Bitcoin To Students

Why it’s important for academia to teach our future generation of law students about Bitcoin and digital money technologies. As the COVID-19 pandemic forced many lawyers to work remotely, more law...

Jul 07 2021

While Europe Demonstrates Totalitarian Inclinations, Bitcoin Comes To The Rescue

Recent moves by European countries have demonstrated an apparent inclination towards totalitarianism, something Bitcoin can help fight.Europe has lately been taking clear steps towards totalitarianism, showcasing a desire to take control of people's lives, from communication to private property. In the last few days, individual moves by different countries in the continent have further illustrated this trend....

May 28 2021

Rep. Tom Emmer, One of the Most Active Crypto Congress Members, on Taxes and DeFi

May 28 2021 Published at Unchained Podcast under tags  2021 blockchain crypto defi fatf

House Representative Tom Emmer, of Minnesota, is one of the most active voice for crypto and blockchain in the US government. In this episode, he discusses: what book made Tom fall down the crypto rabbit hole why Tom believes the Financial...

May 27 2021

Texas Law Creates Legal Clarity For Bitcoin

May 27 2021 Published at Bitcoin Magazine under tags  culture law legal texas

The bill formally defines virtual currencies and offers individuals and businesses a clear legal environment for bitcoin investment.State lawmakers in Austin, Texas have achieved a milestone in Bitcoin regulation as the state Senate passed House Bill 4474 this morning. The “Virtual Currency Bill” is now on its way to Governor Greg Abbott’s desk to be signed...

May 05 2021

Why You Shouldn’t Be Worried About A Bitcoin Ban

Although they may seem threatening, bans on Bitcoin have never worked and will continue to be circumvented by the network.Worried About A Ban? Then You Need Bitcoin More Than You ThinkSkeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies...

Apr 06 2021

BitMEX’s Arthur Hayes Surrenders To Authorities

Apr 06 2021 Published at Bitcoin Magazine under tags  arthur hayes bitmex courts culture law

The former CEO of BitMEX has appeared in court in Honolulu and is out on $10 million bond, according to reports.The former chief executive officer of BitMEX cryptocurrency exchange, Arthur Hayes, has turned himself in. According to a Bloomberg report, although Hayes currently...

Mar 30 2021

Bitcoin: An Unstoppable Stone

Mar 30 2021 Published at Bitcoin Magazine under tags  culture law religion

Testaments to evil have stood and been swept away, and so, too, will central banks and all they represent.Within the Old Testament of the Bible is a brief story that serves as an effective analogy to the strength and momentum of the Bitcoin network. You can read it below: Thou, O king, sawest, and behold a great image. This great image, whose...

Feb 06 2021

Serbian Man Extradited to US After Being Indicted In $70 Million Crypto Fraud

Feb 06 2021 Published at CoinDesk under tags  fraud law news texas

The scheme allegedly included offering bitcoin at “half market price.”

Feb 01 2021

Fine Wines Become First Tokenized Securities Under New Swiss Blockchain Law

In effect from today, Switzerland's new blockchain law allows Sygnum to freely issue tokenized assets, starting with investable wines.

Jan 25 2021

Former UK Cybersecurity Chief Says Laws Needed to Stop Ransomware Payouts

Jan 25 2021 Published at CoinDesk under tags  coinflash crime law news policy & regulation

“People are paying bitcoin to criminals and claiming back cash” via insurance claims, Ciaran Martin said.

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