https://www.flickr.com/photos/lendingmemo/11702685083/in/photolist-iQ8jyt-9f2zVa-rn4MxA-9f2zRR-bb3f8k-q6QgE3-89BpxG-9f5Ji7-8NLEmR-8PKTui-yTo3Y-mRYkeZ-8nkQLA-89Bqn3-3gGWAT-bxkzjx-5cKvCX-5cPQT5-4YpSFF-jKGJL4-rPmKi-cxdddL-z4zmg-5vL77V-jKP59E-9f5JgG-9f2Ahp-9f5Jb3-9f5J61-9f2A3M-9f5HT1-89BqMS-oZusdb-9f5J2C-84tcmM-7dLyhw-mUn8Dh-mUn8vw-mUn8gd-mUkgkc-mUk8Uc-mUkga2-mUkg6p-mUk8Bi-mUn7C9-mRYkFk-mRYbeB-mRYb9g-mRYb8e-mRZXq5

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...

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...

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...

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/

Australian Senate Committee Report on Digital Currencies

The Australian Senate Economics Reference Committee released a report discussing various aspects of digital currencies (DC). The report gave a broad overview of digital currencies, opportunities and risks, tax treatment under Australian law, regulatory...

Regulatory Update – USA, EU and Spain

https://www.youtube.com/watch?v=BMXVrfCZjXg

Regulatory Update – Bitlicence, IGCI, Liberland

https://www.youtube.com/watch?v=pj04mIn6Xog

Tax treatment of speculative digital currency transactions – UK

HMRC Guidance Note March 2014 mentions that the application of income, corporation or Capital Gains to a transaction will depend on the facts. See as follows: "Whether any profit or gain is chargeable or any...

itBit receives trust charter in New York.

This is the first digital currency business to receive a Trust Charter. NYSDFS invited applicants to apply for a Trust Charter in March last year. The only difference between a Trust Charter and a fully fledged...

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/