How This Virginia Act Could Finally Give Bitcoin And Crypto Investors Regulat...
Bitcoin, cryptocurrencies, and digital assets regulations are becoming a relevant topic in the United States. While the U.S. National Congress is still stuck in the debate of whether this asset class enables criminal activities or money laundering, legislation on a state level is moving forward to reduce ambiguities and clarify important points that have long […]
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Virginia's first Bitcoin ATM! Today, the first Bitcoin ATM in Virginia launched. The ATM is owned by BlockBox, a company which provides Bitcoin services. According to Coin ATM Radar, the ATM converts fiat to bitcoin, with a 4% fee. The ATM is in Sterling Mower, a mower company, located at 22005 Shaw Rd, Sterling, VA 20164. With this ATM, Virginia joins the club of states in America to have a Bitcoin ATM. Less than two weeks ago, Pennsylvania got its first ATM. Virginia's ATM is a Lamassu machine, so it is small compared to most other Bitcoin ATMs. In images, it is resting on top of a stool....
Per a report from TheStreet, Virginia will allow banks to offer crypto custody services. The state’s House of Delegates recently approved a banking bill last week to pass the legal framework to support the service. Related Reading | SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security According to the report, the proposal […]
Tangible Cryptography says it is suspending new purchases of bitcoins through its FastCash4Bitcoins service while it tries to resolve a compliance issue with the Commonwealth of Virginia. Posts on both FastCash4Bitcoins and the Bitcoin Forum reported that a complaint had been filed alleging that Tangible Cryptography was operating as an unlicensed money transmitter. Following an initial investigation that determined the company's activities might be considered "money transmission" under state law, the Virginia Corporation Commission asked for further information from Tangible Cryptography.....
The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors. In the history of the crypto lending space, instability and quaking are connected to the collapse of […]
The trend of Bitcoin and ISIS being related in the same story continues as Ali Shukri Amin, a high school student from Virginia, pleaded guilty Thursday for, among other things, teaching ISIS supporters how to use the popular crypto-currency Bitcoin. Ali Shukri Amin of Alexandria, Virginia, pleaded guilty Thursday in federal court to providing material support to ISIS. He faces up to 15 years in prison and is scheduled to be sentenced August 28. Accused of helping 18-year-old Reza Niknejad, who US officials believe to have joined ISIS, the 17-year-old Amin was accused of relaying messages....