BitLegal Allows You to View Bitcoin's Regulatory Status Around the World
A new website has just come online that aims to serve as a valuable resource when it comes to the legality of bitcoin and its regulatory status from countries around the world. It's called BitLegal, and displays a color-coded world map with brief (albeit helpful) explanations of just how countries are treating bitcoin at the moment. If updated frequently, it'll be a tremendous tool for individuals who aren't sure how their own governments perceive this emerging digital currency. At a glance, each country who has previously made a statement on bitcoin is given a rating of sorts. The United....
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Did you know there's a bitcoin conference happening in Moscow, Russia? Neither did we. To say the least, event organizers didn't exactly do the best of jobs promoting the event, but that's beside the point. Russian start-up CoinSpot has apparently brought one of the first bitcoin ATMs to Moscow, Russia. That's according to 'bitcoin Jesus' Roger Ver, who posted an image of the Lamassu-manufactured ATM (which is more practically a vending machine) on Twitter. As you may or may not aware, the status of crypto-currency in Russia is a bit confusing, to say the least. Earlier this year in....
In late 2013, the Bank of Thailand issued an advisement on bitcoin which stirred up fear, halting the buying and selling bitcoin and using them to pay for goods and services. But according to BitLegal.io, the country's hostile stance on bitcoin has changed. The central bank has said that bitcoin exchanges do not fall under the regulation of the Ministry of Finance unless foreign currencies are also offered for exchange. Not surprisingly, the largest bitcoin exchange operating in the country, Bitcoin Co. Ltd., has said they would be resuming trading operations, effective immediately.....
Bitcoin as a pushback against the status quo can only truly be adopted when the way in which we view our world escapes that of fiat framing.
In a move that many in the crypto industry view as a positive signal, the US Securities and Exchange Commission (SEC) has officially discontinued its investigation into OpenSea, the leading NFT marketplace. This decision concludes months of uncertainty regarding the regulatory status of NFTs and their classification under US securities laws. Related Reading: Bybit Turns […]
Bitcoin has long been officially given the status of 'Private Money' in Germany. This makes Germany the first country in the World to recognize Bitcoin as a currency, according to report an August 2013 article in Die Welt. Back then, the German Finance Ministry's response to a query from parliamentary Finance Committee member Frank Schaeffler, was that Bitcoin was recognized as having the status of, 'Private Money'. This decision clearly opens the way for Bitcoin while opening the way for potential taxation and other forms of financial regulation. recognized US IRS has it wrong. This....