Tag: Bitcoin regulation

March 18, 2014 BY Andrew Saks-McLeod

MAS Highlights Intention To Regulate Virtual Currency Intermediaries

Monetary Authority of Singapore sets forth regulatory stance on virtual currency intermediaries, hinting at the nation's acceptance of Bitcoin as a viable tender How to regulate the unregulatable, that is the conundrum. Amid the continual attempts by various governmental departments worldwide during recent times to place controls on the usage, trading and flow of virtual…

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December 16, 2013 BY Gerald Segal

The European Banking Authority and Norway backlash against Bitcoin

The EBA issues a warning on Bitcoin, while Snoop Dogg jokes with the digital currency and drone deliveries Regulatory warnings and jokes? Does not seem like a really good week for Bitcoin, but not a bad one either, with volatility subsiding a little despite Friday’s news out of Europe. The day saw a double whamming as…

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December 10, 2013 BY Gerald Segal

Banking center Switzerland gives a big boost to Bitcoin

Paypal’s Director sees it as a store of value, adds that regulation will boost merchant adoption As hectic volatility on the Bitcoin exchanges goes on, we are on a mission to explore recent factors behind the latest batch of dramatic moves. Yesterday Swiss lawmakers have given the needed “governmental” boost to the crypto-currency with a…

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December 05, 2013 BY Gerald Segal

PBOC bars Chinese financial institutions from dealing with Bitcoins

Prices slump $300 from recent highs around mid $1200’s following the announcement The digital currency has been on a tear for the past couple of hours after the PBOC has announced at 08:00 GMT that it is forbidding financial institutions in the country to handle Bitcoin transactions. The announcement is coming only days after deputy…

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November 25, 2013 BY Gerald Segal

Korea decides to exempt Bitcoins from capital gains tax

BitStamp upgrades hardware, hires more customer support personnel While the wild ride of the digital currency continues, price discrepancies between different exchanges have subsided. With Bitcoin currently trading at $832 on BitStamp, prices on Mt Gox are $840 - a difference of only $8 is negligible considering the $100 discrepancies we observed a week ago.…

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November 20, 2013 BY Gerald Segal

Bitcoin bubble bursts again, prices drop under $500

The digital “tulip mania” surrounding the virtual currency is ongoing Following a record rise to highs around $750 on the Bitstamp exchange ($900 on Mt Gox), the virtual currency has dropped almost 40% to trade as of writing at $470. It is no wonder that Congress is holding hearings these days to gather more information…

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