Regulatory Update – VAT on BTC in Switzerland

  In this week's update we discuss: - VAT on BTC in Switzerland For more information and in-depth analysis on these topics, please visit the Merkle Tree Blog at http://bitlegal.io/

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...

Update on Russia – new law on Bitcoin forthcoming

  In January 2015, Russia’s Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor) blocked 7 websites on the basis that it they contained Bitcoin information. At the time, Roskomnadzor used its powers under the 2012...

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...

Licensing of digital currency businesses – Update – California

  On the 27th April 2015 the California Committee on Banking and Finance approved the AB-1326 bill which regulates decentralised digital currencies such as Bitcoin. The legislation is pending further approval by the California State floor....

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...

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...

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...

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...

Proceeds of Crime applies to digital currency businesses – UK

Part of the Proceeds of Crime Act 2002 applies to digital currency businesses based in the UK. Primary offences include: Concealment of criminal property (s.327) Arrangement of a transaction involving money laundering (s.328) Acquisition, use or possession of criminal...