Search Results for: virtual currencies
Australian Banks Close Bitcoin Exchange Accounts
October 7th, 2015
Banks and businesses in Australia are shunning virtual currency Bitcoin. Thirteen leading banks have simultaneously frozen or closed Bitcoin exchange current accounts effectively closing off the banking system to users of the currency. Businesses have also turned their backs ...
A Charter was granted to a Bitcoin Exchange
October 6th, 2015
NYDFS grants Charter to “GEMINI” BITCOIN EXCHANGE founded by Cameron and Tyler Winklevoss Three Virtual Currency Firms Have Now Received Charters or Licenses from NYDFS – Gemini, Circle, itBit Anthony J. Albanese, Acting Superintendent of Financial Services, announced that ...
Bitcoin flounders in Australia as regulatory worries bite
October 5th, 2015
Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency‘s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last ...
Russia Planning to Criminalize Bitcoin Activities
September 24th, 2015
The debate whether Bitcoin should be banned in Russia is once again picking momentum. According to a report of Interfax, the Russian government lately approached the regulators with its plan to criminalize the use and issuance of Bitcoin under ...
First Bitlicense approval for a Bitcoin Startup
September 23rd, 2015
NYDFS BitLicense is First Comprehensive Regulatory Framework for Firms Dealing in Virtual Currency Such as Bitcoin BitLicense Includes Key Consumer Protection, Anti-money Laundering, Cyber Security Rules to Help Safeguard Customer Funds and Root Out Illicit Activity Anthony J. Albanese, ...
Bitcoin Is Officially a Commodity, According to U.S. Regulator
September 18th, 2015
The Commodity Futures Trading Commission makes its mark. Virtual money is officially a commodity, just like crude oil or wheat. So says the Commodity Futures Trading Commission (CFTC), which on Thursday announced it had filed and settled charges against a Bitcoin exchange for ...
Russian Firm Plans Local Version of Bitcoin Digital Currency
September 18th, 2015
A leading Russian payment services provider is developing the country’s first virtual currency — the bitruble. If the company, Qiwi, can overcome resistance from Russia’s financial authorities — which fear that cryptocurrencies could be used to launder money and ...
UBS reveals its interest in Sidechains as well as Ethereum
September 15th, 2015
There is an air of confidence about UBS at this time concerning the bank’s exploration of distributed ledger technology and smart contracts. Recently, UBS demonstrated how a bond could be automated on a blockchain, the shared ledger system similar ...
FXPRIMUS announces that now Accepts funding via Bitcoin
September 1st, 2015
One of the world’s leading online forex brokers, FXPRIMUS, has partnered with BitPay to begin accepting funding via bitcoin. Since obtaining its European jurisdictional regulation with CySEC, the global broker has extended the scope of its operations – as well as ...
Bitcoin to Monetize Mobile Games Industry Soon?
August 17th, 2015
The mobile business is booming in recent years, and many companies are trying their hand at creating addictive mobile games. Developing such games takes time, money, and effort, leading to a few possible solutions to monetize these games. Most ...
