LitePay Ceases Operations In Preparation To Sell

The Litecoin Foundation announced that LitePay has shut down all operations related to the project in preparation to sell the company. The Announcement In an announcement posted yesterday, which The Litecoin Foundation addressed to the entire Litecoin community, they stated that they regrettably had to announce the closure of LitePay. They go on to say that Continue Reading

Israel Tax Authority: Bitcoin is Considered Property

Israel is known as the start-up nation. Several tech start-ups are located in the country and have their head quarters there. But some time ago, the Israeli government has decided to tax Initial Coin Offerings, organizers and investors. Now, Israel Tax Authority (ITA) announced that Bitcoin and cryptocurrencies would be treated and taxed as property Continue Reading

Whitehouse confirms US Government is nowhere near regulating cryptocurrencies

Rob Joyce, the special assistant to the president, and White House cybersecurity coordinator has said that there’s a long way to go before the U.S. government starts regulating Bitcoin. Joyce, speaking at a security conference in Germany emphasized the importance and need for governments to understand the benefits and risks of Bitcoin and other cryptocurrencies Continue Reading

Croatia Has a New Self-regulating Body for Blockchain Technology and Cryptocurrencies

Cryptocurrencies and blockchain technology have entered in 2018 knowing that it was going to be the year of regulations. The most important countries are trying to regulate the market and this will be the most important topic in the G-20 meeting. But self-regulations are also arising in the industry. Croatia has a new self-regulating body Continue Reading

South African Reserve Bank Launches Ethereum based proof of concept

The South African Reserve Bank, in an official announcement, has released information on a new initiative that will include “Project Khokha” in partnership with the Ethereum coder collective known as ConsenSys. The announcement also includes confirmation that the SARB will look into its position on private cryptocurrencies, regulation thereof as well as “Innovation facilitators” which Continue Reading

Philipines SEC developing cryptocurrency regulations

The SEC (Philipines) are working with their counterparts in the U.S. and Australia to develop new regulations for cryptocurrencies. This framework will be designed to handle and manage the local use and trading of cryptocurrencies, but sources also say that a large amount of the regulation will focus on ICO’s. The regulations are currently only Continue Reading

The Global Regulatory Environment Surrounding Blockchain and Cryptocurrencies: FUD vs Reality

Just one year after the inception of bitcoin in 2009, there were those who were already proclaiming that this new ‘digital currency’ was simply a tech novelty and it would soon meet certain death. (There is a website that tracks all of the ‘bitcoin obituaries’ in which prominent outlets have declared the currency a failure, Continue Reading