New York and U.S. Examination of Bitcoins
State and federal officials are starting investigations on virtual currencies like Bitcoin and discussions on its regulations. The Senate’s committee on homeland security are concerned about threats and risks coming from virtual currency. Virtual currency, which is not controlled by authority regulations, is getting more and more popular. Therefore, government’s lack of information and control over this situation brings up such questions. One of the Senate Committee’s investigator, who preferred to stay anonymous because the investigation is still in process, said that virtual currency is....
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The world's largest peer-to-peer bitcoin marketplace Local Bitcoins and bitcoin marketplace BitQuick have terminated their services in New York due to the strict restrictions and fees demanded by New York's BitLicense. Local Bitcoins is a unique case; as every single seller on Local Bitcoins would be required to pay $5,000 to apply for BitLicense. The Local Bitcoins team wrote on their blog:"From today onwards users from New York are no longer allowed to use LocalBitcoins because of the legislation known as the BitLicense (23 NYCRR 200) which makes it a federal offense to sell virtual....
With New York's BitLicense scheme officially three months away, sophisticated traders are already devising strategies to profit from the potential arbitrage opportunities. If implemented in the regulation's final version, the physical address and identification requirements (Sections 200.12 and 200.15) for both sides of a transaction will dilute the inherent privacy of the overall bitcoin network. Due to potential IP address blocking and other techniques to identify and block New York-based traders, the exchanges operating within the jurisdiction may end up 'ring-fencing' themselves and....
Now-defunct and disgraced bitcoin exchange Mt. Gox posted an update to their website on Friday with regard to the ongoing investigation that's taking place to find out just what's been going on. Here's the contents of the announcement: To anyone concerned. March 28, 2014. Mark Karpeles. Representative Director. MtGox Co., Ltd. 11-5, Shibuya 2-chome, Shibuya-ku, Tokyo. ANNOUNCEMENT REGARDING THE EXTENSION OF THE DEADLINE FOR SUBMISSION OF THE EXAMINATION RESULTS REPORT. In relation with the application for commencement of a civil rehabilitation proceeding made by MtGox Co., Ltd., the Tokyo....
Bitcoin Magazine is please to announce Mediabistro's fourth Inside Bitcoins Conference to take place in New York City on April 7-8. The Conference is set to take place at the Javits Convention Center in the heart of Manhattan. Last July, Mediabistro launched their first Inside Bitcoins Conference at the New Yorker Hotel. Mediabistro issued the following press release to highlight April's upcoming conference: Mediabistro Announces Inside Bitcoins Conference and Expo at Javits Convention Center in New York City April 7-8, 2014. Mediabistro Inc. announced that its worldwideInside Bitcoins....
Inside Bitcoins New York will be held in NYC on April 27-29, 2015. The largest event of its kind, Inside Bitcoins promotes and explores blockchain technology and is attended by the most influential names in the digital currency industry. The speakers of the upcoming event will provide insights on bitcoin technology and offer their own unique perspectives on the most pressing bitcoin topics. One of the speakers at Inside Bitcoins New York will be Sarah Martin, CEO of Boone Martin, a global communications firm that focuses on social impact investing and emerging markets. Martin will speak on....