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 the form of an impact assessment into exploring the relevance...

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 also includes a section on virtual currencies which are defined...

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 their official publication sets out these proposed guidelines. The official...

“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 a result of US Treasury reprimanding the IRS for not...

Jurisdiction and digital currency businesses

For the most part, digital currencies are by their very nature decentralised; meaning that they are not tied to a specific country unlike the British Pound or the US Dollar. However, this does not...

Third Key proposing to Save the DAO from itself

Third Key proposing to Save the DAO from itself Source: Daolegal

From P2P insurance platforms to smart insurance contracts – a regulatory perspective.

P2P insuretech platforms are P2P Mutuals with or without re-insurance. In this article we explore how these platforms are currently being regulated at a high level. We also explore the notion of disintermediation of insuretech platforms themselves...

Legal anatomy of a DAO

None of the below should be construed as legal advice as this a highly risky untried area of law. In the below we are just giving examples regarding UK law as illustrations; there are...

Interview with Linus Lindgren – BTCXIndia

Bitlegal and Allcoinsnews sat down with Linus Lindgren from BTCXIndia (the first cryptocurrency exchange in India) to talk about the challenges and opportunities of cryptocurrencies and blockchain tech in a country of over a...

Vietnam – Warning Against Use of Digital Currencies

Vietnam warning consumers about digital currencies. Article covered by CCN and original press release in Vietnamese here.