Bitcoin

Venezuela Starts Regulating and Taxing Crypto Remittances

February 11th, 2019

The Venezuelan government has begun regulating cryptocurrency remittances. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced. Regulating Crypto Remittances The National Superintendency of Crypto Assets and Related Activities…

Localbitcoins to Introduce New User Verification Rules

February 10th, 2019

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. P2P Exchange Localbitcoins Advising Finnish Regulators In a statement published on its website this week, the popular…

Heavy Borrowers and Near-Failed States Likely to Drive Hyperbitcoinization

February 10th, 2019

A CIA World Factbook entry listing nations’ current account balances shows that big economies and near-failed states share something in common – massive debt. This liability making them strong cases for hyperbitcoinization, which could be exacerbated by an anticipated global economic slowdown. Debt-Ridden Economies Prime Cases for Hyperbitcoinization Hyberbitcoinization theorists have little faith in the…

In the Daily: Regulatory Developments in Italy, Mauritius, Malta

February 10th, 2019

In this edition of The Daily we cover recent regulatory developments regarding the use of cryptocurrencies and their associated industries from all over the world. Lawmakers in Italy have approved a definitions mandate, Mauritius has created a crypto custody license, and Malta is set to provide cybersecurity guidance to crypto funds, exchanges and ICOs registered…

Mt. Gox Creditors Neither Need nor Deserve This Kind of ‘Hero’

February 10th, 2019

Brock Pierce has launched his own bid for the civil rehabilitation of Mt. Gox, promising to pay out all current funds to creditors while also talking about issuing debt tokens or giving away equity in a resurrected Mt. Gox exchange. As noble as this may sound on the surface, there are strong reasons to question…

Anarchism: A Look at the Different Schools of Anarchic Thought

February 10th, 2019

In mainstream culture, anarchy is often a dirty word, deployed as a pejorative to describe failed states or an insult by conservative news anchors to describe what could happen if a semi-radical government took charge. The reality is very different. Anarchy runs much deeper and actually goes hand in hand with bitcoin and the quest…

3 Technical Proposals for Increasing Bitcoin’s Privacy

February 10th, 2019

Privacy is a constant battle between those who wish to increase it and those who would strip it away. Never is this war more apparent than in Bitcoin, where factions with opposing ideals find themselves at loggerheads. On the one side are the blockchain surveillance companies that work hand-in-glove with the three-letter agencies, regulators, and…

Brazilian Crypto Exchange Wins Legal Battle Over Closed Bank Account

February 10th, 2019

A court in Rio de Janeiro has ruled in favor of Brazilian crypto exchange Mercado Bitcoin in a case over the closure of one of its checking accounts. The judicial instance turned down an appeal filed by Banco Sicoob against a decision by the district court in Barra da Tijuca which granted the exchange the…

Union Bank of the Philippines Launching Cryptocurrency ATM

February 9th, 2019

One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.” Unionbank’s ATM Union Bank of the Philippines (Unionbank), one of…

In The Daily: Cointelligence Exchange Rating, Bithumb OTC, Telegram, Ton

February 9th, 2019

In the first edition of The Daily this weekend, we cover the details around the launch of a new cryptocurrency exchange rating system by Cointelligence. Also, South Korean exchange Bithumb has announced it’s establishing an OTC trading desk in Hong Kong, and the popular messenger service Telegram has postponed the launch of its TON network…