Colorado: Senate Bill 18-086 — Concerning the Use of Cyber Coding Cryptology For State...

The State of Colorado enacted Senate Bill 18-086 (‘Bill’) on May 30, 2018. The Bill will require the: Chief Information Security officer in the governor’s office of information technology (OIT), Director of...

CFTC Commissioner advice to regulators regarding blockchain technology: “Do No Harm”

CFTC Commissioner Christopher Giancarlo gave a speech at the end of March to the Depository Trust & Clearing Corporation where he compared blockchain technology to the internet. He created a corollary between no regulatory intervention with...

Bill436: New Hampshire has increased the scope of MSB licensing and clarified exemptions

Bill436: New Hampshire has increased the scope of MSB licensing and clarified certain exemptions for users of virtual currency. House bill 666 (HB666) regulated money transmission services using virtual currency. This was approved in July...
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CFTC ruling that bitcoin and digital currency are commodities

Recent action brought against Coinflip by the CFTC clarifies definition of digital currencies as 'commodities'. The CFTC states: "Bitcoin and other virtual currencies are encompassed in the definition and properly defined as commodities". The Coinflip platform...

Bitcoin: ‘property’ or ‘currency’ a 1.3m US dollar question?

US bankruptcy case where Trustee for failed company HashFast is seeking 3000 bitcoins back from Lowe (who was a promoter of HashFast). If Trustee is successful in proving bitcoin is a commodity and or property...

US Blockchain Alliance Forms to Combat Criminality, Bring Bitcoin Community & US Gov Together

The Chamber of Digital Commerce and Coin Center have established a forum, called the Blockchain Alliance, to help combat criminal activity involving bitcoin and the blockchain. The organization is comprised of a coalition of companies and other institutions that...

“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...

SEC – tokens can be ‘securities’

  U.S. Securities and  Exchange Commission - Action SEC claims The DAO tokens are securities That there are violations that have taken place However has refrained from pursuing promoters Motivation is deterrence Motivation...

Selling bitcoins is not regulated by State of Florida?

Previously we reported of the entrapment case of Michell Espinoza who was accused of operating an unlicensed MSB and money laundering for having sold bitcoin to undercover agents with fake criminal pretexts. The Circuit Court Judge...

New Wyoming Bill should bring back bitcoin exchanges

New bill being introduced in Wyoming to make cryptocurrency 'permissable instrument'. Read here. Implication that crypto exchanges will be able to satisfy MSB client money protection rules by holding customer bitcoins rather than equivalent amount in US...