Canada’s Revenue Agency (CRA) states that Bitcoin is ‘Specified foreign property’

The Canadian Revenue Agency (CRA) has given guidance on how Bitcoin and other digital currencies are viewed for tax purposes. The specific topics in question were whether: a digital currency (e.g. Bitcoins); and a foreign partnership...

Are you trading a digital currency derivative? UK

Financial Markets Act 2000 (FSMA) is the main legislation regulating the financial services industry. This may affect you if you are trading digital currency derivatives in the UK. Core prohibition under s.19 FSMA: "(1)No person may...

NY Bitlicense definitive framework [pt.1]

  On the 3rd June the New York State Department of Financial Services (NYDFS) released the definitive BitLicense framework. The focus was on those businesses that maintain custody of a client’s funds or exchange digital...

NY Bitlicense definitive framework [pt.2]

  The BitLicense is setting new precedents with its definition of “Virtual Currency” and “Virtual Currency Business Activity.” Virtual Currency The definition of virtual currency in the BitLicense is as follows: Virtual Currency means any type of digital...

Regulatory Update – Sweden & BTC mining, EuroBA, North Carolina & BTC

In this week's update we discuss: - Sweden and the new guidelines on income tax and BTC mining - See article here - EuroBA's report highlighting opportunities using blockchain technology - North Carolina's new amendments on...

Regulatory Update – USA, EU and Spain

https://www.youtube.com/watch?v=BMXVrfCZjXg

IGCI creating Digital Currency to fight crime

The newly created centre for Interpol research based in Singapore called the  Interpol Global Complex for Innovation (IGCI) has already turned its attention to the blockchain. At the end of March, it issued a press...

Regulatory Update – Amendments to California AB-1326 and Jersey Call for Information

  In this week's update we discuss: - Amendments to the California AB-1326 - Jersey Govt. Call for Information For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at http://bitlegal.io/

Exclusive interview with David Hedqvist – ECJ proceedings on VAT for Bitcoin

In an exclusive interview with David Hedqvist from Bitcoin.se we see an emerging EU-wide picture for VAT and regulation for Bitcoin. Yesterday David Hedqvist had a preliminary hearing with the ECJ on the application...

Regulatory Update – NY BitLicense and BTC in Russia

  In this week's update we discuss: - NY BitLicense - Russia's stance on BTC and BTC websites - See article here For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at...