Euro Banking Association favours ‘asset-centric’ protocols for the banking industry

  The Euro Banking Association (EuroBA) has published a report on the 11th May expounding the benefits of a particular form of blockchain technology and setting out of real world use-cases for integration into banking...

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...

“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...

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...

Nigerian Central Bank official suggests virtual currency regulation

Following on from the most recent FATF Recommendations on digital currency regulation (see article here), the Deputy Governor of the Financial System Stability Working Group, Dr. Okwu Nnanna stated that steps should be taken...

Russia Cautious Regulation for ICOs

The Russian Finance Ministry published draft proposals for the regulations of initial coin offerings (ICOs) in December 2017. This is following a directive by President Vladimir Putin requiring the establishment of regulatory framework for...

The Tellochain Method – Three-dimensional Counting

The Tellochain Method – Three-dimensional Counting Source: Diacle

ECJ General Advocate states that Bitcoin should be VAT exempt

Today, General Advocate Juliane Kokott stated in her Opinion to the ECJ regarding the Hedqvist v Skatteverket case that Bitcoin and digital currencies should not be subject to VAT. The provision of an exchange service...

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...

NY Bitlicense definitive framework [pt.1]

  On the 3rd June the New York State Department of Financial Services (NYDFS) released the definitive BitLicense framework. The focus was on those businesses that maintain custody of a client’s funds or exchange digital...