Texas Alcoholic Beverage Commission Allows Bitcoin-For-Alcohol Sales
Today, the Texas Coinitiative posted a new update to their blog: The Texas Alcoholic Beverage Commission OK's Bitcoin-For-Alcohol sales. Elsewhere in the country, Ohio lawmakers have stymied Bitcoin adoption somewhat by banning Bitcoin-For-Alcohol sales in their state. Elsewhere in Texas, the Texas Department of Banking (DOB) released a guidance which clearly states that businesses accepting cryptocurrencies do not require state money transmitting licenses. Texas, as one of the larger states in America, has understandably been leading the charge in Bitcoin adoption. In March, the Texas....
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The State of Ohio may have a beef withallowing the purchase of alcoholic beverages with bitcoin, but Texas on the other hand is just the opposite. In an inquiry submitted to the Texas Alcoholic Beverage Commission (TABC), CoinVault ATM CEO Sheldon Weisfeld (who also happens to be a founding member of the Texas Coinitiative) sought to find the legal status of alcohol sales paid for in digital currency in the State of Texas. Said Carolyn Beck of the TABC in response: Unlike Ohio state law, the Texas Alcoholic Beverage Code does not require the customer to pay in money when purchasing an....
The California Department of Alcoholic Beverage Control (ABC) has given the green-light for bars and other alcohol-serving establishments to accept bitcoin as a form of payment. Wired first reported that the state's alcohol regulator did not believe such purchases violated any state laws. The news notably follows the announcement from the Ohio Department of Public Safety, which effectively banned the use of bitcoin for alcohol sales in that state earlier this week in a move that was roundly criticized in the digital currency community. The ABC's information officer John Carr told CoinDesk....
The Olympia Brew Fest, an annual summer beer festival at the Port Plaza in Olympia, Wash., will accept bitcoin for the purchase of admission. The announcement marks a measure of progress in bitcoin as a payment method for alcohol. Festival organizers claim they will be the first in the world to accept bitcoin. The festival, Aug. 1 from 1 p.m. to 8:30 p.m., will feature more than 30 hand-picked, Northwest breweries and over 60 different beers. Tickets can be purchased online using bitcoin or credit cards at olybrewfest.com. Only paper tickets will be accepted; tickets will not be scanned....
Wine ages like fine... wine. Some of the rarest bottles fetch well over $100,000 USD. Collectors of ancient libations have six-figures worth of reasons in proving the bottles integrity. Verifying a wine's provenance means tracing a bottle's history as far back as possible - hopefully to the original vineyard. A verified wine can greatly increase in value. This chain of custody isn't just a history lesson. It gives buyers an expectation of the quality given the past caretakers. However, most importantly, it helps buyers reduce fraud. Just like an Ebay seller, wines rely on a reputation....
Yesterday, Texas Congressman Steve Stockman introduced a new House Resolution (HR 5777) entitled: "To protect cryptocurrencies." Congressman Steve Stockman is a Republican, from Texas's 36th Congressional district, who has become one of cryptocurrency's most ardent supporters in politics. Back in May, Stockman introduced HR 4602: Virtual Currency Tax Reform Act after the IRS revealed its virtual currency guidance for taxation. Texas has established itself as one of the most friendly states towards Bitcoin and cryptocurrencies. Also read: Texan Congressman to Introduce Virtual Currency Tax....