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/

Blockchain Regulation – An Overview

Blockchain Regulation – An Overview Source: Diacle

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...

Legal precedent of P2P Bitcoin loans set in Kentucky, USA

  A legal precedent was set on the 5th June when a circuit judge in Kentucky ruled that P2P loans taken out in Bitcoin have a legal basis to be repaid. The case arose when...

No retrospective effect tax treatment of digital currencies – UK

HMRC Guidance Note of March 2014 on the taxation of digital currencies in the UK states: "Given this, the evolutionary nature of these cryptocurrencies and the legal and regulatory environments in which they currently operate, this...

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...

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...

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...

North Carolina passes Bill that amend “Money Transmitters Act” (2001-443, s. 2.) to...

On the 12th May the North Carolina House of Representatives passed a bill (the Bill) to amend  the Money Transmitter Act (the MTA) . The Bill expands the MTA  to cover digital currency based...