Archive | bill

Tennessee Warns Consumers About Steven Seagal-Backed Bitcoiin, Passes Bill Recognizing Blockchain and Smart Contracts

U.S. actor and martial arts expert Steven Seagal is again in hot water after another U.S. state has issued warnings about Bitcoiin, of which Seagal is the brand ambassador. Earlier this month New Jersey’s Division of Consumer Affairs announced that the state’s Bureau of Securities had issued an emergency Cease and Desist Order against Bitcoiin, also known as […]

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Also read: Putin Confirms Russia Will Regulate Cryptocurrencies Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting […]

Korean Digital Currency Bill to Launch Shortly but Government Has Concerns

The bill to provide a legal framework for digital currencies in South Korea is set to be introduced this month. However, the government still has a number of concerns and needs more in-depth research, as outlined at a parliamentary hearing on Monday. Also read: South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks Bill Prepared […]

South Korea Sets Up Task Force to Determine if Bitcoin Needs Regulations

Following Rep. Park Yong-jin’s announcement of a proposed bill to provide a legal framework for digital currencies like bitcoin, South Korea has now set up a task force to determine if bitcoin should be regulated. Also read: Rollout of 260,000+ Bitcoin-Accepting Stores in Japan Begins Task Force Set Up Bitcoin.com recently reported on Rep. Park Yong-jin of […]

Delaware Passes Bill Recognizing Stock Trading via Blockchain Technology

Delaware has passed a bill that legally recognizes the trading of stocks using blockchain technology. Although the state has sought to promote itself as a bastion for blockchain investment, the bill is extremely limited in its scope – leading many to view Delaware’s government as attempting to cash in on bitcoin’s recent boom. Also Read: Bitwage […]

What is Civil Asset Forfeiture?

Governments are not in favor of Bitcoin and cryptocurrencies these days. They have never been, and it is highly unlikely they will ever be. The US Congress is introducing a new bill called “Combat Money Laundering, Terrorist Financing, and Counterfeiting Act 2017.” It touches upon many different subjects, including cryptocurrencies. The US government plans to […]