LATEST NEWS

Bill436: New Hampshire has increased the scope of MSB licensing and clarified exemptions

Bill436: New Hampshire has increased the scope of MSB licensing and clarified certain exemptions for users of virtual currency. House bill 666 (HB666) regulated money...

EU Commission ponders setting a transaction limit on virtual currencies

On the 23 January 2017, the EU Commission published a “Proposal for an EU initiative on restrictions on payments in cash”. This came in...

New circular on virtual currencies in Nigeria

On the 12 January, the Financial Policy and Regulation Department within the Central Bank of Nigeria (CBN) released a circular on virtual currencies. The...

Proposed regulatory framework for virtual currencies in the UAE

On 1 January 2017, the Central Bank of the UAE (CBUAE) published a Regulatory Framework for Stored Values and Electronic Payment Systems. The Regulation...

The Israeli Tax Authority has put forward a draft tax guideline on how to...

The Israeli Tax Authority has put forward a draft tax guideline on how to treat Bitcoin. The announcement on the 11 January 2017 in...

Don’t forget to register with FinCEN if you are a foreign digital currency exchange

Sometimes there is a misconception that if you are based outside of the US and operating a digital currency exchange with US customers that...

ESMA takes ‘wait and see’ approach in relation to DLT.

ESMA takes ‘wait and see’ approach in relation to DLT. ESMA stresses that MIFID/EMIR and other EU regulations are “technology agnostic”. This means institutions using...

The Swiss Sandbox and a new Fintech Licence

This Federal Council is the seven member executive that represents the seven states of Switzerland. The Council have prioritised fintech regulation as a means...

“The Times They Are A Changin’” – tax enforcement against cryptoexchanges is the new...

The United States Internal Revenue Service (IRS) has requested details on Coinbase’s users to identify any tax violations. This action seems to have arisen as...

Jersey’s New Government Order for Digital Currency Exchanges

New government order in Jersey for digital currency exchanges. Under the Order there is a requirement for registration if the turnover of the exchange...