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...

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...

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...

US State-level Digital Currency Law & Regulation

  In the US, most states have not provided any regulatory guidance, issued new rules, or began the process of passing digital currency-specific legislation. New York issued new regulations defining a license specific for digital...

FinCEN states that issuing negotiable certificates of ownership of precious metals are MSBs and...

In a letter published on the 14th August 2015, FinCEN stated that if a company issues digital or physical certificates that relate to the ownership of precious metals, then they would be considered a money...

“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...

Vietnam – Warning Against Use of Digital Currencies

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

Clarification of tax position for mining – Sweden

Disclaimer: Before applying these rules to your own circumstances or act upon the information contained here, please seek information from your accountant, tax advisor, legal representative or the Swedish Tax Authority. The Swedish Tax Authority...

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...