Category: Law

German Fintechs Rush to Offer Crypto Custody Services Under New Law

German Fintechs Rush to Offer Crypto Custody Services Under New LawFintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will focus exclusively on the niche. The new entity and another German startup, […]

The post German Fintechs Rush to Offer Crypto Custody Services Under New Law appeared first on Bitcoin News.

Continue Reading

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for PaymentsThe Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to […]

The post New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments appeared first on Bitcoin News.

Continue Reading

Traditional Law and Finance Can Adapt to Bitcoin, These Examples Show

Traditional Law and Finance Can Adapt to Bitcoin, These Examples ShowBitcoin brought about solutions to persistent problems that stood in the way of previous attempts to invent digital money, such as the risk of double spending. Some of its features, however, like the characteristic irreversibility of blockchain transactions, have created certain challenges for the traditional legal and financial systems. At times they may seem incompatible […]

The post Traditional Law and Finance Can Adapt to Bitcoin, These Examples Show appeared first on Bitcoin News.

Continue Reading

Liechtenstein Adopts Token Act to Attract Crypto Business

Liechtenstein Adopts Token Act to Attract Crypto BusinessOne of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. Also read: Turkish Government […]

The post Liechtenstein Adopts Token Act to Attract Crypto Business appeared first on Bitcoin News.

Continue Reading

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Ban on Negative Rates Initiative Gains Traction in GermanyNegative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver, […]

The post Initiative to Curtail Negative Interest Rates Gains Traction in Germany appeared first on Bitcoin News.

Continue Reading

Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set

Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date SetAfter hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the case. Also read: […]

The post Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set appeared first on Bitcoin News.

Continue Reading

Crypto Is Part of Free Speech, and Free Speech Is Everything

Crypto Is Part of Free Speech, and Free Speech Is EverythingOn July 23, U.S. Attorney General William Barr gave a speech demanding big players in the tech industry work with government agencies in providing backdoor entry points for encrypted devices and software. Per his reasoning, certain devices and messaging services pose a safety threat by providing a secure, third-party-inaccessible area where crime can rapidly proliferate. […]

The post Crypto Is Part of Free Speech, and Free Speech Is Everything appeared first on Bitcoin News.

Continue Reading

How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

US Bill 'Keep Big Tech Out of Finance’ Discussion Draft Targets Facebook's LibraFacebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to […]

The post How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra appeared first on Bitcoin News.

Continue Reading

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

Georgia Exempts Bitcoin From VAT to Become the Next Country Affirming Its Currency StatusCryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from […]

The post Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status appeared first on Bitcoin News.

Continue Reading

Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored

Kleiman's Expert Witness Claims So-Called 'Bitcoin Inventor's' Documents Were DoctoredThe Kleiman v. Wright case continues this week and a slew of new evidence has been submitted to the Southern District of Florida courthouse. A supplemental affidavit stemming from the Kleiman estate’s expert witness, Dr. Matthew Edman, indicates that documents submitted to the court as evidence were “modified” and “backdated.” Also Read: Bitcoin Cash Scaling […]

The post Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored appeared first on Bitcoin News.

Continue Reading

How 10 Countries Respond to Facebook’s Libra Cryptocurrency

How 10 Countries Respond to Facebook’s Libra CryptocurrencyA growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

The post How 10 Countries Respond to Facebook’s Libra Cryptocurrency appeared first on Bitcoin News.

Continue Reading

Experts Dissect Craig Wright’s ‘Satoshi’ Testimony and Court Documents

Experts Dissect Craig Wright's So-Called 'Satoshi' Testimony and Court DocumentsLast week, Craig Wright, the man who claims he’s Satoshi Nakamoto, appeared in court and testified why he did not have access to his public bitcoin addresses and trust information. Since then a lot of new evidence has been submitted to the court and members of the crypto community have dissected Wright’s recent testimony and […]

The post Experts Dissect Craig Wright’s ‘Satoshi’ Testimony and Court Documents appeared first on Bitcoin News.

Continue Reading

Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony

Self-Proclaimed Bitcoin 'Inventor' Claims He Can't Access Coins in Court TestimonyOn June 28, Craig Wright, the Australian native who claims to be Satoshi Nakamoto, spent the day in a Florida court battling with the Kleiman attorney. Wright became emotional when he told the court that he designed the network but didn’t like how it turned out. At one point he told the court he was […]

The post Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony appeared first on Bitcoin News.

Continue Reading

Craig Wright Intends to Call Three Expert Witnesses to His Evidentiary Hearing

Craig Wright Intends to Call Three Expert Witnesses to His Evidentiary HearingThe man who claims to have invented Bitcoin, Craig Wright, will be appearing in court on Friday, June 28 in West Palm Beach, Florida for an evidentiary hearing. According to recently filed documents in the Kleiman v. Wright lawsuit, the defense has provided notice that Wright intends to call three witnesses during the hearing. In […]

The post Craig Wright Intends to Call Three Expert Witnesses to His Evidentiary Hearing appeared first on Bitcoin News.

Continue Reading

Kleiman Attorney: ‘Craig Wright Hasn’t Complied With the Order to List His Bitcoin’

Kleiman Attorney: 'Craig Wright Hasn’t Complied With the Order to List His Bitcoin'A court filing has surfaced in the ongoing Kleiman v. Wright lawsuit that gives details concerning the existence of the alleged Tulip Trust and another trust known as the Tulip Trust II. The filing of Craig Wright’s declaration dated May 8, 2019 is partially redacted but gives a description of the ostensible trusts of bitcoin […]

The post Kleiman Attorney: ‘Craig Wright Hasn’t Complied With the Order to List His Bitcoin’ appeared first on Bitcoin News.

Continue Reading

Free Law Project’s Courtlistener Repository Now Accepts Bitcoin Cash Donations

Free Law Project's Courtlistener Repository Now Accepts Bitcoin Cash DonationsOn Monday, Bitcoin Cash (BCH) supporters learned that the popular website that focuses on U.S. court documents and the litigation system, Courtlistener.com, is accepting BCH for donations. Courtlistener captures hundreds of thousands of visitors every month by making high quality legal data widely available. Also Read: Crypto Cards in Weekly Video Update From Bitcoin.com An […]

The post Free Law Project’s Courtlistener Repository Now Accepts Bitcoin Cash Donations appeared first on Bitcoin News.

Continue Reading

VPN Providers Defy Order to Connect to Russia’s Internet Censor

VPN Providers Defy Order to Connect to Russia’s Internet SensorRussian regulators have once again moved to expand oversight of the online space in an attempt to ensure compliance with various restrictions Moscow is trying to impose. But as in other cases, their efforts have been met with resistance. Over a dozen VPN platforms, popular among crypto enthusiasts and other privacy-conscious users, have refused to […]

The post VPN Providers Defy Order to Connect to Russia’s Internet Censor appeared first on Bitcoin News.

Continue Reading

Judge Orders Craig Wright to Physically Appear in Florida Lawsuit

Craig Wright, the notorious Satoshi Nakamoto claimant, must appear in court on Monday or be held in contempt. The Florida court granted a motion to compel on June 14, mandating Wright to provide a list of all the bitcoin addresses he’s owned prior to December 2013. Also Read: The Blind Trust Described in the Kleiman […]

The post Judge Orders Craig Wright to Physically Appear in Florida Lawsuit appeared first on Bitcoin News.

Continue Reading

The Blind Trust Described in the Kleiman vs. Wright Lawsuit Is a Real Head-Scratcher

The Complexity Behind the Alleged Blind Trust Described in Kleiman v. Wright LawsuitThere’s been a number of developments in the ongoing Kleiman vs. Wright lawsuit lately. After Craig Wright’s sworn deposition, the plaintiffs contend that Wright’s categorical refusal to answer questions about his bitcoin addresses and his marriage(s) needs to be reevaluated. Wright’s legal team say he’s done everything possible to comply with the court’s orders but […]

The post The Blind Trust Described in the Kleiman vs. Wright Lawsuit Is a Real Head-Scratcher appeared first on Bitcoin News.

Continue Reading

Leaked Details of India’s Supposed New Cryptocurrency Bill Analyzed

Leaked Details of India’s Supposed New Cryptocurrency Bill AnalyzedExcerpts from what could be India’s new cryptocurrency bill have been leaked. While local media have made outrageous claims about the details of the bill, industry experts have pointed out numerous flaws and inaccuracies. Meanwhile, the country’s finance secretary has confirmed that the crypto regulation is ready to be submitted to the finance minister for […]

The post Leaked Details of India’s Supposed New Cryptocurrency Bill Analyzed appeared first on Bitcoin News.

Continue Reading

Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper

The cryptocurrency community got riled up recently over Craig Wright’s U.S. copyright registration of the Bitcoin whitepaper and some of the code from the early software. However, on May 24 the U.S. Copyright Office saw a Bitcoin whitepaper registration by a man named Wei Liu, bringing another legal challenger to Wright’s claim of ownership over […]

The post Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper appeared first on Bitcoin News.

Continue Reading

New Cryptocurrency Bill Advances in Japan, Regulator Explains

New Cryptocurrency Bill Advances in Japan, Regulator ExplainsJapan’s House of Representatives has passed a new cryptocurrency bill with additional requests for the government to incorporate into law. News.Bitcoin.com talked to Japan’s top financial regulator to find out the implications of this bill and the proposed resolution. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Japan’s New Crypto Bill Passes […]

The post New Cryptocurrency Bill Advances in Japan, Regulator Explains appeared first on Bitcoin News.

Continue Reading

US Copyright Office Responds to Craig Wright’s Bitcoin Registrations

US Copyright Office Responds to Craig Wright's Bitcoin RegistrationsOn May 21, 2019, a press release was sent to a variety of publications that said Craig Wright was granted two U.S. copyrights for the original Bitcoin white paper and version 0.1 of the cryptocurrency’s code. Meanwhile, the U.S. Copyright Office specifically addressed the matter in a press release which emphasized the agency “does not […]

The post US Copyright Office Responds to Craig Wright’s Bitcoin Registrations appeared first on Bitcoin News.

Continue Reading

Russia Adopts Law to Isolate Runet From the Internet

Russia Adopts Law to Isolate Runet From the InternetRunet, the Russian segment of the internet, is about to be isolated from the rest of the web. A new law adopted by the State Duma aims to do so in order to supposedly protect it from external threats and turn it into a “sovereign” space. Russian taxpayers and end users will pay the bill […]

The post Russia Adopts Law to Isolate Runet From the Internet 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