California Wants to Suspend Uber in Attempt to Regulate Decentralized Services
Governments officials around the world are keeping a close eye on the decentralization revolution, both in the world of technology as well as in the daily lives of consumers. Popular decentralised services such as Uber have been around for quite some time, but they are starting to face a lot of opposition around the world. California could be the first....
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Regulating a decentralized service is an extremely difficult task that needs to be handled with the utmost care. Whether a country is deciding to regulate Bitcoin or a city such as London is looking at ways to somehow regulate Uber drivers, there is no stopping the decentralizing revolution. Any private-hire taxi drivers – including Uber drivers – in the city of London, are being regulated by Boris Johnson, the city’s major. Not in a very strict way such as banning Uber outright, but rather by ensuring they have a decent level of knowledge of the area they operate in. And the city of....
Since ride-sharing platform Uber has denied rumors saying that it is accepting bitcoin transactions and clarified that this feature is not yet in the pipeline, Bitcoin Builder sought to create a workaround by offering users access to its Uber business account to make bitcoin payments. However, Uber decided to suspend this particular account this week. Bitcoin Builder is still appealing to Uber to reinstate the account and, according to a message shared on Reddit, the company will reexamine the suspension. Uber Payments Thru Bitcoin Builder. As it turns out, Bitcoin Builder is facilitating....
Although home to a sizeable majority of the burgeoning bitcoin industry, California has been relatively quiet on the subject of whether it will seek to regulate digital currency businesses. However, this could soon change, according to new statements from California's Department of Business Oversight (DBO), the state's financial services and money transmitters regulator. Speaking to CoinDesk, spokesperson Tom Dresslar confirmed his agency intends to hold a meeting in mid-December that could determine if and when California will decide to clarify the actions the bitcoin industry must take....
The now-renamed California department responsible for the regulation of financial services will soon have more powers to supervise the cryptocurrency industry.
The city of Portsmouth, New Hampshire passed an ordinance regulating ride-sharing services that took effect in September of 2015. The ordinance made driving with Uber and other ride-sharing companies illegal within the city limits. Christopher David, a former Uber driver, launched the Free Uber campaign using Bitcoin prize pools to incentivize activism protesting the ordinance. Now, in the wake of protests by Uber drivers over the company’s decision to cut fares, David is launching his own blockchain-based ride-sharing platform, Arcade City. To promote the new platform, he and nine other....