UK Treasury Seeking Regulation Advice From Bitcoin Community
Following in the footsteps of regulation practices like BitLicense out of New York, the UK Treasury is seeking advice from members of the Bitcoin community to help further their understanding on regulation. According to The Guardian, the Treasury is asking for information from law enforcement agencies, financial regulators along with the general public and "FinTech" firms. Also Read: NYDFS's Ben Lawsky Reveals Plans for Transitional BitLicense at #Money2020. When asked for the purpose of these discussions, The Guardian reported that a Treasury spokesman said the following: "We're....
Related News
Treasury Secretary Yellen says the regulatory frameworks for crypto assets in the U.S. should “support responsible innovation while managing risks.” She emphasized, “Regulation should be based on risks and activities, not specific technologies.”
Treasury Secretary Yellen on Crypto Regulation
U.S. Treasury Secretary Janet Yellen talked about crypto regulation Thursday at American University’s Kogod School of Business Center for Innovation.
“Digital assets may be relatively new, but they are part of a larger trend – the....
The rumors have been flying that the UK Treasury is looking into digital currencies and how to create some form of legal net for these currencies. The UK Treasury is asking for information on new digital currencies from the public, law enforcement agencies and financial regulators. However, most of these people do not know what digital currencies are. That is why the UK government is giving the hand of friendship toward the Bitcoin community ( kind of). According to our information, the UK Treasury will be looking at examples of regulation in other countries, but will make up their own....
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do, and which wallets are affected. FinCEN’s New Rules for Crypto Wallets The U.S. Department of the Treasury announced Friday that the Financial Crimes Enforcement Network (FinCEN) has proposed new rules “aimed at closing anti-money laundering regulatory gaps for certain convertible virtual....
Australian Bitcoin startupLiving Room of Satoshi has resumed operations following their closure in October. Using the Living Room of Satoshi website, Australians can use bitcoin to pay any bills that utilize BPAY, an Australian electronic payment system. According to the company, the service caught on quickly; the Living Room of Satoshi processed more than $250,000 in bills from its launch in May until its closure. Also read: UK Treasury Seeking Regulation Advice From Bitcoin Community. Bitcoin Company Living Room of Satoshi Resumes Operations. The Living Room of Satoshi was forced to....
This week on the Bitcoin Taxes series, we will be discussing a quality service that connects professionals in the world of digital currency with clients that have specific needs. The Digital Currency Council (DCC), is a great organization for professionals looking to specialize in a certain area of digital currency and for clients that are seeking specific advice. While it’s probably too late for using the service for reporting this year’s taxable income and capital gains, the service is very important to talk about, as it is very useful for people looking to start new businesses, seek....