European Council’s Bitcoin Regulation: Blessing or Curse?
The regulation of virtual currencies by the European Council creates unduly burden on exchanges, but at the same time adds legitimacy to Bitcoin and other cryptocurrencies, says a European Parliament consultant on the matter. Cointelegraph asked Jonathan Chester, who is the head of Bitwage, a leading payroll company in Europe and a contributor at Forbes, what he thinks about the process and how regulation will affect the Bitcoin ecosystem. He is a part of a working group that is consulting the European Parliament on the subject of virtual currency and blockchain. In Jonathan’s opinion, the....
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Bitcoin escrows is a rapidly growing business where the competition is high and so far there’s no clear leader. The market is defined by razor-thin profit margins and so the companies who offer their services first, have an advantage. Escrow services. One of Bitcoin’s primary advantages is the freedom with which it can be transferred. Without a central authority in place to authorize payments or impose arbitrary fees and limits, a user can send their Bitcoins to any other user in the world, at any time, without regard for national borders, distance, or regulation. Unfortunately, this lack....
Most European citizens reject the idea of a cryptocurrency regulation regime imposed by the European Union (EU) on its member states, according to a recent survey. Most surveyed citizens lean towards independent cryptocurrency regulation in each country, compared to 25% that approve an EU-imposed regulation. However, most of the citizens polled acknowledged they still don’t know much about cryptocurrencies in the first place.
Europeans Reject EU Crypto Laws, Favor Local Proposals
European citizens are against the establishment of EU-imposed cryptocurrency-related laws,....
Defi token sales are seeing huge demand right now, with everyone looking to capitalize on the release of the latest IDOs from emerging crypto projects. The token launch of an innovative project is just the first step in creating a sustainable ecosystem, with a community of early stakeholders necessary to evangelize the platform. The success of cryptocurrency IDOs has been a blessing and a curse for project development teams. They provide access to large amounts […]
Poland is seeking out a regulated cryptocurrency to become a contender in European economics. Poland, a member of the European community, is pressing for regulation from the European Union because of the impact that it envisions. Wojociech Trusz, from Ministry of Economy, advises that: cryptocurrency can help Polish international competiveness. Europe must acknowledge the use of cryptocurrency through regulation, according to Trusz - who says that "this is a global phenomenon". Trusz indicates that it could open doors to building a foundation for entrepreneurs and business if regulation....
At the New York State Department of Financial Services hearing today, Superintendent of Financial Services Benjamin Lawsky reaffirmed that the State is indeed mulling implementing a 'BitLicense' of sorts to businesses that accept bitcoin and other digital currencies. "Ultimately, it's our expectation that the information we've gathered in this fact-finding effort will allow us to put forward, during the course of 2014, a proposed regulatory framework for virtual currency firms operating in New York," he said in his statement. "That is, in part, why we're evaluating whether our agency....