Category: Government

Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption

Taxation Is Not Only Theft, It’s Also Bad for Crypto AdoptionCrypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding an FSA-approved crypto exchange to its hugely popular chat app, […]

The post Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption appeared first on Bitcoin News.

Continue Reading

Indian Parliament Member Helping Crypto Community Influence Regulation

Indian Parliament Member Helping Crypto Community Influence RegulationThe Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost Parliament Member Agrees to Help […]

The post Indian Parliament Member Helping Crypto Community Influence Regulation appeared first on Bitcoin News.

Continue Reading

Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin

Nature Abhors a Vacuum - Why Trump's Proposed Negative Rates Bode Well for BitcoinIn a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance […]

The post Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin appeared first on Bitcoin News.

Continue Reading

Crypto Facilitates Money Transfer for Restricted China

Crypto Facilitates Money Transfer for Restricted ChinaCrypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money can […]

The post Crypto Facilitates Money Transfer for Restricted China appeared first on Bitcoin News.

Continue Reading

Indian Lawmaker Raises Hope of Positive Crypto Regulation

Indian Lawmaker Raises Hope of Positive Crypto RegulationA member of the upper house of the Indian parliament has given the crypto community some advice on what can be done to influence the government’s crypto decisions. He encourages anyone to reach out to him and discuss their concerns, including issues related to the draft bill to ban cryptocurrencies in India. His words and […]

The post Indian Lawmaker Raises Hope of Positive Crypto Regulation appeared first on Bitcoin News.

Continue Reading

Plans to Build $50M Bitcoin Cash Tech Park Revealed

Plans to Build a $50M Bitcoin Cash Tech Park in North Queensland RevealedAt the Bitcoin Cash City conference in North Queensland, the CEO of Code Valley, Noel Lovisa, announced plans to build a $50 million dollar Bitcoin Cash tech park in the city of Townsville. The plan is to aggregate startup companies and there are more than 12 Bitcoin Cash focused startups already on board. Additionally, the […]

The post Plans to Build $50M Bitcoin Cash Tech Park Revealed appeared first on Bitcoin News.

Continue Reading

Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime

Government Hates Crypto Because It Empowers the People, Not Because It's Used for CrimeA recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony by Washington D.C. consulting firm Financial Integrity Network. In the testimony, Vice President of the […]

The post Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime appeared first on Bitcoin News.

Continue Reading

Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate

Indian Exchanges Innovate as Calls for Positive Crypto Regulation EscalateIndian crypto exchanges are innovating, launching new products and improving services for their users, despite the country’s regulatory uncertainty and unresolved banking restrictions. Meanwhile, the Indian crypto community continues its efforts to convince the government that the draft bill to ban cryptocurrencies is flawed, calling for positive regulation instead. Also read: Crypto Can Boost Indian […]

The post Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate appeared first on Bitcoin News.

Continue Reading

Crypto Needs Less Government Regulation – Not More

Crypto Needs Less Government Regulation – Not MoreA recent opinion article by Peter Lin, “Why Regulation Is The Best Thing For Crypto,” presents common arguments on why the state and state-affiliated institutions should administer cryptocurrency. Underlying the arguments is an assumption: the free market cannot provide necessary standards for crypto and the state must step into the void. Also read: Why the […]

The post Crypto Needs Less Government Regulation – Not More appeared first on Bitcoin News.

Continue Reading

‘We’re Going to Find You’ – How Undercover Agents Trade Prison Time for Bitcoins

'We're Going to Find You' - Undercover Agents Continue Trading Prison Time for BitcoinsAn Australian national living in Boulder, Colorado was slammed with a one year and a day prison sentence last month for trading bitcoins. An August 23 statement from the Colorado U.S. District Attorney’s Office states that Emilio Testa, 32, was charged with money laundering, and claims Testa knew the funds he was acquiring had been […]

The post ‘We’re Going to Find You’ – How Undercover Agents Trade Prison Time for Bitcoins appeared first on Bitcoin News.

Continue Reading

Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission

Agorism and Bitcoin: Free People Don't Ask Maxine Waters for PermissionAnti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. The sustained reservations echo the message of July’s open letter from the House of Representatives to Facebook, calling for a halt on Libra’s ongoing development. While many view […]

The post Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission appeared first on Bitcoin News.

Continue Reading

Mega Drug Pushers Johnson & Johnson Get Away While Peaceful Silk Road Is Destroyed

Mega Drug Pushers Johnson & Johnson Get Away While Peaceful Silk Road Is DestroyedIt’s been said that those who protest the loudest are often the ones who are guilty, and when it comes to government and their pet corporations, things are no different. No surprise, then, that the blustery moralizing — and violent state force brought to bear against businesses — are most intense where the money and […]

The post Mega Drug Pushers Johnson & Johnson Get Away While Peaceful Silk Road Is Destroyed appeared first on Bitcoin News.

Continue Reading

India Facing ‘Unprecedented’ Economic Slowdown, Extraordinary Steps Urged

India Facing ‘Unprecedented’ Economic Slowdown, Extraordinary Steps UrgedMany signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,” due to initiatives such as demonetization and GST, some lawmakers say, as they urge the government to handle the situation “which is intensifying on a daily basis.” Also read: Indian Supreme Court Orders […]

The post India Facing ‘Unprecedented’ Economic Slowdown, Extraordinary Steps Urged appeared first on Bitcoin News.

Continue Reading

The White House Just Blamed Bitcoin for America’s Opiate Crisis

The White House Just Blamed Bitcoin for America's Opiate CrisisThe opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities, […]

The post The White House Just Blamed Bitcoin for America’s Opiate Crisis appeared first on Bitcoin News.

Continue Reading

The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory

The Push to Kill Paper Money - Australia's Proposed Ban Shows It's Not 'Conspiracy Theory'The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction […]

The post The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory appeared first on Bitcoin News.

Continue Reading

RBI Defends Its Power Over Crypto in Indian Supreme Court

RBI Defends Its Power Over Crypto in Indian Supreme CourtThe Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in […]

The post RBI Defends Its Power Over Crypto in Indian Supreme Court appeared first on Bitcoin News.

Continue Reading

IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear

Government Parasitism - Why Crypto, Geo-Mobility and Sustenance Are CriticalIf you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of behavior […]

The post IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear appeared first on Bitcoin News.

Continue Reading

Ron Paul Slams Fednow Payment System and Encourages Crypto Competition

Ron Paul Slams 'Fednow' Payment System, Encourages Crypto Competition InsteadRon Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received the news of the Fednow program with little more […]

The post Ron Paul Slams Fednow Payment System and Encourages Crypto Competition appeared first on Bitcoin News.

Continue Reading

PR: Remco – Powerful Distributed Token Generating Platform

PR: Remco - Powerful Distributed Token Generating Platformremittancetoken.io – Token-Generating Platform for Money Transfer currently trading on Digifinex has announced it’s sponsoring blockchain Finance Lagos conference event in Africa’s largest market, Nigeria. Offering free flight ticket and accommodation to the qualified speakers.

The post PR: Remco – Powerful Distributed Token Generating Platform appeared first on Bitcoin News.

Continue Reading

India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses

India to Introduce Crypto Bill Next Parliament Session - A Look at Community ResponsesThe Indian government has submitted a draft crypto bill to the supreme court and expressed its intention to introduce the bill in the next parliament session. The court subsequently set a new date to hear the case relating to crypto regulation. Meanwhile, the Indian crypto community has ramped up efforts to influence the government’s final […]

The post India Plans to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses appeared first on Bitcoin News.

Continue Reading

Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC

Can the Fed Kill Bitcoin? Navigating the 'Chokepoints' of Tax Law and KYCTaxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite — or make mistakes […]

The post Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC appeared first on Bitcoin News.

Continue Reading

Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In

Indian Tax Authority Sends Probing Questions to Crypto Owners - Experts Weigh InAs the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News.Bitcoin.com talked to industry experts to find out the implications of these letters, what people can do when receiving them, and how crypto assets are taxed in India. Also read: […]

The post Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In appeared first on Bitcoin News.

Continue Reading

The Modern Era of Free Range Slaves: How Bitcoin Breaks the Mold

The Modern Era of Free Range Slaves: How Bitcoin Breaks the MoldIn a string of recent Tweets, 2020 Libertarian presidential candidate and fugitive from the law John McAfee has been talking about slavery. Urging people to “wake up” and assuring them that neither compliance with the status quo, nor stacks of riches, can set them free. Indeed, when the current state of the world is examined […]

The post The Modern Era of Free Range Slaves: How Bitcoin Breaks the Mold appeared first on Bitcoin News.

Continue Reading

When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

When Cash Is Banned, Centralized Cryptos Are Not Going to Save YouAustralia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many Aussies are celebrating Bitcoin’s exclusion from this clause, others find the move away […]

The post When Cash Is Banned, Centralized Cryptos Are Not Going to Save You appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close