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...

Australian Senate Committee Report on Digital Currencies

The Australian Senate Economics Reference Committee released a report discussing various aspects of digital currencies (DC). The report gave a broad overview of digital currencies, opportunities and risks, tax treatment under Australian law, regulatory...

itBit receives trust charter in New York.

This is the first digital currency business to receive a Trust Charter. NYSDFS invited applicants to apply for a Trust Charter in March last year. The only difference between a Trust Charter and a fully fledged...

Tax treatment of speculative digital currency transactions – UK

HMRC Guidance Note March 2014 mentions that the application of income, corporation or Capital Gains to a transaction will depend on the facts. See as follows: "Whether any profit or gain is chargeable or any...

SEC fines Sand Hill exchange over breaches

  On the 17th June, the Securities and Exchange Commission (SEC) fined Sand Hill Exchange $20,000 for illegally offering security-based swaps. According to the SEC, Sand Hill was: “offering and selling security-based swaps contracts to retail investors...

Ripple Labs fined by FinCEN

Ripple Labs operator of the Ripple protocol has been fined $700k on a number of counts including: failing to have registered as an MSB; for not having an AML policy in place and not having a...

Regulatory Update – USA, EU and Spain

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

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...

Regulatory Updates – P2P lending in the US and Canada’s perspective on regulating BTC

  In this week's update we discuss: - Legal precedent for P2P lending in the US - Canada's Standing Senate Committee on Banking Trade and Commerce publishes a report on regulating Bitcoin  For more information and in-depth analysis on...

Canada puts forward recommendations on Bitcoin regulation

  Canada’s Standing Senate Committee on Banking, Trade and Commerce published a report on the 19th June. It outlined 8 recommendations on dealing with Bitcoin on a regulatory level. The specific recommendations to the Federal...