Florida Legislators Pass Bill that Targets Bitcoin-Wielding Cyber Criminals
The anti-money laundering bill concerning bitcoin Florida legislators just passed via an appropriations committee has been approved May 6 by both houses. The only remaining step in the process is for Florida’s governor to sign it into law, in which case it will go into full effect. The intent of the bill is to prevent money-launderers from using bitcoin....
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The highly controversial California AB 1326, often referred to as “California’s BitLicense” has failed to pass in the Legislature. The bill, which would require Bitcoin many Bitcoin businesses operating in California to apply for a state-issued License, failed to pass before the September 11 deadline. The strict nature of the bill has led the Bitcoin community to compare it to New York’s BitLicense, which has forced many Bitcoin businesses to cut off their services to New York. The California Bitcoin bill garnered large amounts of criticism from the Bitcoin community, as well as....
Questions have been raised as to whether or not blockchain technology is secure enough to prevent cyber criminals from targeting the financial services. As bitcoin continues to gain wide acceptance in a number of countries, establishments, and services, companies are turning to its underlying technology, the blockchain, as a way of verifying transactions electronically with no central ledger. Unfortunately, over the last year, cyber criminals have targeted exchanges and companies by utilizing the blockchain and digital currencies. Cybercriminals were able to attack the DAO, draining over....
Congress has been urged to pass a stand-alone stimulus bill to immediately provide Americans with second stimulus checks of $1,200 after talks of approving a larger stimulus package of $2.2 trillion have stalled. New Stimulus Bill for $1,200 Direct Payments to Americans U.S. President Donald Trump is calling on Congress to quickly pass individual coronavirus relief aid measures, including a stand-alone bill to provide $1,200 stimulus checks to Americans immediately. He tweeted on Tuesday: If I am sent a stand alone bill for stimulus checks ($1,200), they will go out to our great people....
In New Jersey, two legislators have brought a bill to the state legislature (A4478) that will create a regulatory framework for Bitcoin-related companies. Both the legislators and some in the Bitcoin community have touted the bill as a positive step towards bringing the cryptocurrency to the mainstream. A4478, alternatively titled the “Digital Currency Jobs Creation Act,” was introduced with the purpose of helping to create jobs within the state. The bill aims to achieve this goal by giving tax breaks to Bitcoin related companies located within New Jersey who reach a certain job creation....
Cyber criminals attacking businesses for bitcoin has spread from the West to the Far East, as new attacks are being reported by some of the world's top Asian banks. The Bank of China and the Bank of East Asia have been attacked in recent days by hackers looking for Bitcoin ransom, according to Hong Kong's The Standard news feed. These hackers have damaged the bank's websites, and they are believed to not be domestic but foreign criminals. Cyber Criminals Say Attacks Will Continue. The attackers claim to want bitcoin as ransom, and will resume the digital damage unless they get what they....