Encryption’s Fate Uncertain as New York & France Take Public Stances
Encryption has always been a hot topic in the world of technology and innovation. Not only does encryption allow both consumers and businesses to keep data safe from prying eyes, but it has also been a thorn in the side of governments around the world. The French government is not a fan of backdoors to break encryption, whereas a recent New York Bill....
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France has mandates its citizens to declare all revenue from all transactions involving Bitcoin. The Ministry of Economy and Finance of France has decided that revenue from Bitcoin transactions are subject to taxation even though the government does not recognize it as a digital currency. Of course, this stance has generated much controversy given the status of Bitcoin in the country. Nevertheless, according to French law, the new requirements will be lax for the underaged and those who only earn small amounts at irregular intervals using Bitcoin. “All taxpayers are required to declare all....
The digital currency ecosystem in New York State is currently hanging on a string as the deadline to apply for BitLicense closes. Today, the 8th of August 2015 marks the end of 45 day grace period extended to Bitcoin and digital currency companies in the state to apply for BitLicense. Few Bitcoin companies like ShapeShift, Eobot and Poloniex have already left New York State for good. ItBit became the first company to receive BitLicense and Gemini, the exchange whose promoters are Winklevoss Twins is still awaiting confirmation. All these companies falls on either side of the spectrum,....
Not wanting to be left behind in the global FinTech engineering race, corporate leaders from around France have banded together to create the France FinTech association. FinTech has become a hot topic worldwide, as new financial service technologies and business have been springing up over the last two years. Technological hotbeds like London, New York, and Silicon Valley are on the cutting edge of the latest advancements in finance, technology, and engineering. Innovations include digital currencies like Bitcoin, regulation and oversight initiatives like New York’s BitLicense, and....
Just recently, RBI deputy governor KC Chakrabarty offered a statement regarding Bitcoin regulation in India. "Regulation comes only when people are doing certain business and we come to understand that something wrong is happening. First of all we don't understand this subject... But, at present, what we are saying is neither we regulate them nor we support them...Whether it is... legal or illegal, we don't know. If it crosses the limit of legality then people may face a problem. So people should be cautious, should understand." There are simply so many things wrong with this statement.....
Bitcoin France has joined the Bitcoin Foundation as its newest international chapter. The Bitcoin Foundation also has chapters in Australia, Bangladesh, Canada, Denmark, Germany, Mexico, The Netherlands, Romania, and Slovenia. The Association Bitcoin France is headed by Philippe Rodriguez, the President of Bitcoin France. France has been one of Europe's Bitcoin hubs for years now. Paris is even home to a Bitcoin embassy and Bitcoin startup incubator known as la Maison du BTC. Executive Director of the Bitcoin Foundation, Jon Matonis, had this to say about Bitcoin and France: France is a....