2014-09-01 Crypto-Timeline

Here is a log with relevant legal, regulatory, law enforcement and business risk milestones in the race of crypto-currencies to maturity with links to trusted sources.

Quite an uneventful month this past one has been.  The number of crypto-events reached a 13-month low.  Could it be that Bitcoin is finally getting “boring?”

The  Key AUGUST 2014 Crypto-Events were:

• 8/4/14 – France inches closer to Bitcoin regulation
• 8/4/14 – Kyrgyzstan: Bitcoin payments violate state law
• 8/5/14 – Russian Ministry of Finance drafts bill banning Bitcoin
• 8/5/14 – Argentina’s only bitcoin exchange loses its bank accounts
• 8/11/14 – US CFPB now accepting complaints against bitcoin businesses
• 8/14/14 – Singapore head regulator: digital currencies ‘have a role to play’ despite risks
• 8/15/14 – Hackers steal $1.65 million in NXT from BTER exchange
• 8/19/14 – Australia issues guidance on bitcoin taxation
• 8/27/14 – Australian government portal publishes bitcoin business guidelines

For ease of tracking I’ve decided on the following discrete categories to classify all events:

1. Banking: Refers to decisions made or stances taken by banks and other traditional financial institutions with respect to crypto-ventures, including adopting a digital currency strategy and banking operators
2. Businesses: Includes decisions made by operators and businesses as a result of regulatory pressure or other risks facing them, as well as overall market-related news
3. Enforcement Actions: Includes actual law enforcement actions on virtual currency operators anywhere in the world
4. Rules & Regs: Refers to decisions made or stances taken by regulators, supervisors and policy-makers around the world

Please point me to any events that you consider important and would like to see on the log.