Law Enforcement and Regulators Agree: Bitcoin Not Useful for Terrorists, Thoughtful Regulation and Education Needed
In the aftermath of the Paris attack on November 13, the European Union (EU) is looking to crack down on bitcoin with the hope of preventing the financing of future attacks. Regulators and advocacy groups agree, though, that kneejerk regulation is not what is needed; rather, the need is thoughtful regulation and an increase in education. "There's nothing....
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The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation needed to regulate it.
Pressed by Sanctions, Russian Government Moves to Regulate Cryptocurrencies
Russian Prime Minister Mikhail Mishustin has told the Ministry of Finance to prepare, together with the Bank of Russia, and submit concrete proposals for the future of the digital financial....
Bitcoin in the Headlines is a weekly analysis of industry media coverage and its impact. Due to their status as both an emerging payment method and payments technology, global authorities have long sought to ensure safeguards are in place to prevent digital currencies from being abused by cybercriminals and terrorists seeking to take advantage of their cash-like features. This narrative was given new prominence this week following the terrorist attacks in Paris last Friday, which left more than 100 people dead and that have found law enforcement agencies and politicians seeking to take....
Christmas, New Year’s Eve, or any other occasion when it is a time for giving and showing that you care, most of us try to be thoughtful and give the gift that stands out. Gifting is not only an act of kindness; it is also an art that takes into consideration not only everything we know about the people who matter to us but also the current circumstances that might affect them. With the increased interest in Bitcoin, the Crypto Voucher gift card is the gift that you should think of. Bitcoin Gift Card, the Gift of the Year 2020 was not an easy year for most people due to the health....
Looking back on 2016, it feels as though most regulators around the world took a year-long vacation from the blockchain and cryptocurrency space. To be fair, apart from dealing with the anxieties typical of an election year (or the anti-globalization times we are living in), they were listening and learning. The amount of collaboration and mutual education between government and industry over the past year has been remarkable – and for good reason. Whether on the policymaking, the rulemaking or law enforcement side of government, regulators are grappling with a wave of innovation that is....
International interest in cryptocurrencies like Bitcoin has been on a definite rise in the past year. Shocking as it seems to me, it still hasn't been a year since the Cyprus situation in March and April of 2013. The attention that was garnered in that moment stuck a major chord with the rising libertarian movements, but also governments themselves. Regulators had since kept their eyes on the cryptocurrency. In October, prices began to rise steadily from $100 until the Silk Road was taken down by US Federal Law Enforcement. This caught the attention of the US media and in-turn, threw....