risk

2014-12-01 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.

This November was an extremely quiet month -only four meaningful events, a 19-month low!

The  Key NOVEMBER 2014 Crypto-Events were:

• 11/9/14 – French regulators focus on bitcoin’s risks instead of its rewards
• 11/10/14 – Russia lowers proposed penalties for bitcoin activities
• 11/19/14 – Finland classifies bitcoin as VAT-exempt financial service
• 11/29/14 – Spanish Treasury says bitcoin gambling websites need to obtain licensing

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2014-11-01 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.

This October was an extremely quiet month.  The number of crypto-events reached a 17-month low.

The  Key OCTOBER 2014 Crypto-Events were:

• 10/6/14 – Central banks of Serbia and Portugal warn bitcoin users
• 10/9/14 – Phillipine government bill could pave way for bitcoin-backed money
• 10/12/14 – European prosecutors launch project to combat online dark markets
• 10/27/14 – FinCEN rules Bitcoin payment processors, exchanges are money transmitters
• 10/28/14 – Norwegian banks say no to Bitcoin businesses; Justcoin exchange closes

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2014-10-01 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.

September was also a very quiet month.  The number of crypto-events reached a 14-month low.

The  Key SEPTEMBER 2014 Crypto-Events were:

• 9/11/14 – Bank of England: Bitcoin could disrupt UK monetary policy
• 9/11/14 – Spain cracks down on bitcoin gambling loopholes
• 9/16/14 – Bangladesh Central Bank: cryptocurrency use is a ‘punishable offense’
• 9/21/14 – Spain considering Bitcoin as an electronic payment system
• 9/22/14 – Belgian tax body: Bitcoin trades not subject to VAT
• 9/23/14 – US government shuts down embattled mining firm Butterfly Labs
• 9/24/14 – Liberty Reserve IT manager pleads guilty to money laundering charges
• 9/26/14 – Swedish Central Bank research: bitcoin hasn’t affected the economy

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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

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2014-08-01 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.

The  Key JULY 2014 Crypto-Events were:

• 7/2/14 – Russia’s Central Bank says bitcoin could have future, warns on regulation
• 7/3/14 – Irish central banker envisions hybrid bitcoin-fiat future
• 7/4/14 – European Banking Authority: financial institutions should avoid Bitcoin, await regulations
• 7/7/14 – French police arrest bitcoin dealers
• 7/8/14 – Michigan Attorney General: Bitcoin poses ‘real-life risk’ for investors
• 7/9/14 – Polish finance minister: bitcoin can be used as financial instrument
• 7/10/14 – Argentinian money regulator mandates reporting bitcoin activity
• 7/11/14 – Italian authorities issue new bitcoin warnings, urge regulation
• 7/11/14 – France plans transparency rules for bitcoin businesses
• 7/12/14 – Congressional candidate disavows dollar, only takes bitcoin donations
• 7/17/14 – Dutch legal service given authority to confiscate bitcoins
• 7/17/14 – Bitcoin industry leaders sound off on New York BitLicense proposal
• 7/21/14 – Isle of Man clarifies regulation for digital currency businesses
• 7/22/14 – The real reason banks don’t like bitcoin
• 7/23/14 – Sweden asks EU to rule on bitcoin taxation
• 7/25/14 – Ecuador bans bitcoin, plans own digital money
• 7/25/14 – Austria offers ‘contradictory’ guidance on bitcoin’s financial status
• 7/30/14 – New Zealand bitcoin ATM operator shuts down after bank refusals
• 7/30/14 – Tokyo police launch investigation into missing Mt. Gox Bitcoin

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2014-07-01 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.

The  Key JUNE 2014 Crypto-Events were:

• 6/2/14 – Dutch Central Bank warns banks and payment institutions about virtual currency risks
• 6/4/14 – Swiss regulators block Zurich bitcoin ATM launch
• 6/6/14 – European central bankers argue digital currency requires institutional control
• 6/10/14 – Isle of Man outlines plan for digital currency regulation
• 6/12/14 – Feds to auction $17.4 million in bitcoin from Silk Road
• 6/17/14 – US judge approves Mt.Gox’s chapter 15 bankruptcy filing
• 6/17/14 – California reminds businesses to apply sales taxes to digital currency transactions
• 6/18/14 – Swedish Central Bank acknowledges benefits of cryptocurrencies
• 6/19/14 – Bolivia’s Central Bank bans bitcoin
• 6/20/14 – Swiss regulators give green light for bitcoin ATM network
• 6/23/14 – US senator to spearhead Bitcoin public awareness effort
• 6/23/14 – Canada amends national law to regulate bitcoin
• 6/25/14 – Switzerland government report: bitcoin too insignificant for legislation
• 6/25/14 – Underfunding is leaving Bitcoin development crisis
• 6/28/14 – California governor signs bill to bring bitcoin and other currency into fold

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2014-06-01 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.

The  Key MAY 2014 Crypto-Events were:

• 5/1/14 – Bank of Canada unconcerned about Bitcoin’s growing popularity
• 5/1/14 – Idaho releases investor advisory on digital currency
• 5/5/14 – US government to study Bitcoin as possible terrorist threat
• 5/7/14 – US SEC warns Bitcoin’s hype may put investors at risk
• 5/8/14 – Two more Chinese banks to close bitcoin trading accounts
• 5/8/14 – Dutch Central Bank: Bitcoin ‘no viable alternative’ to fiat currency
• 5/8/14 – US Federal Election Commission allows use of bitcoins for donations to political committees
• 5/9/14 – Japan makes first Bitcoin-related drug arrest
• 5/13/14 – Bank of Canada says Bitcoin could destabilize global finance
• 5/14/14 – Paying workers in bitcoins may be illegal under Swiss law
• 5/14/14 – Indiana releases Bitcoin investor advisory
• 5/14/14 – Japan Ministry to track illegal Bitcoin deals
• 5/19/14 – New Mexico state Securities Division issues consumer warning on Bitcoin
• 5/19/14 – Dutch court declares bitcoin isn’t money in civil trial
• 5/21/14 – European Central Bank: bitcoin a risky alternative to the euro
• 5/23/14 – Spanish regulation to treat taxation of bitcoin like cash
• 5/23/14 – Spanish tax authority is monitoring Bitcoin for use in illicit activities
• 5/23/14 – Maine regulators issue investor advisory on digital currencies
• 5/23/14 – German bitcoin tax proposal would sting merchants twice
• 5/26/14 – Massachusetts regulator on Bitcoin: “We want to make sure when we act we get it right”
• 5/27/14 – Polish tax authority: Bitcoin mining profits subject to 23% VAT
• 5/28/14 – Argentina Central Bank issues warning to burgeoning Bitcoin ecosystem

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2014-05-01 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.

The  Key APRIL 2014 Crypto-Events were:

• 4/2/14 – Bitcoin digital currency exchange deemed illegal in Vietnam
• 4/3/14 – Texas momorandum outline Bitcoin exchange guidelines
• 4/4/14 – Bulgaria issues new taxation guidelines for digital currency
• 4/7/14 – Dutch regulator says Bitcoin is technology, not money
• 4/7/14 – Royal Canadian Mint ditches MintChip digital currency project
• 4/8/14 – Brazil to tax investors, not everyday users
• 4/8/14 – Bank of Japan governer: bitcoin is too unreliable to be a currency
• 4/8/14 – US Attorney General keeping and eye on Bitcoin
• 4/9/14 – National Australia Bank turns back on Bitcoin, closes accounts
• 4/10/14 – Florida bitcoin money laundering case tests the system
• 4/11/14 – Cyprus issues arrest warrant for Neo & Bee’s CEO Danny Brewster
• 4/12/14 – Chinese regulators make life hard for crypto-currencies
• 4/12/14 – Bitcoin promoter Shrem indicted in NY for money laundering
• 4/13/14 – France: Bitcoin revenues must be declared to tax authorities
• 4/23/14 – California regulators issue Consumer Advisory on Bitcoin
• 4/25/14 – Nevada regulators issue Consumer Advisory on Bitcoin
• 4/26/14 – BTC China halts renminbi account funding
• 4/28/14 – Ohio bans bitcoin for alcohol sales
• 4/29/14 – FinCEN declares Bitcoin cloud mining and escrow services are not money transmitters
• 4/30/14 – Reserve Bank of Australia: Bitcoin ‘limited risk’ to payment systems

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2014-04-01 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.

Phew.  Short month, but no shortage of shocking news in February!

The  Key MARCH 2014 Crypto-Events were:

• 3/3/2014 – UK to cancel VAT on bitcoin trading
• 3/4/2014 – Bitcoin bank Flexcoin shuts down after theft
• 3/6/2014 – Russia’s anti-Bitcoin stance may be softening, reports say
• 3/7/2014 – Japanese government says Bitcoin “not a currency,’ forms investigation committee
• 3/10/2014 – Philippines regulator issues warning on digital currencies
• 3/10/2014 – French minister calls for EU action on Bitcoin regulation
• 3/11/2014 – New York starts accepting licence applications for digital currency exchanges
• 3/11/2014 – Bank of Mexico restricts banks from Bitcoin use, reports suggest
• 3/11/2014 – Luxembourg opens dialogue with Bitcoin businesses in new statement
• 3/13/2014 – Singapore to regulate bitcoin exchanges and ATMs
• 3/13/2014 – Bank of England: digital currencies are similar to commodities
• 3/17/2014 – Texas regulators warn about risks of ‘trendy’ digital currencies
• 3/17/2014 – Dutch official downplays law enforcement need for Bitcoin ban
• 3/17/2014 – Bundesbank board member warns agains ‘highly speculative’ Bitcoin
• 3/18/2014 – Bank of Thailand suggests Bitcoin illegal but warns against its use
• 3/19/2014 – Danish Central Bank compares bitcoins to ‘glass beads’
• 3/25/2014 – IRS says bitcoin, other convertible virtual currency to be taxed like stock
• 3/25/2014 – UK cash-for-bitcoin service ZipZap suspends BTC transactions
• 3/25/2014 – European Central Bank: Bitcoin shouldn’t be ignored or dismissed
• 3/25/2014 – UAE Department of Economic Development officials debunk Bitcoin ATM speculation in Dubai
• 3/25/2014 – Denmark declares bitcoin trades are tax-free
• 3/26/2014 – Colombia stops short of Bitcoin ban, bars banks from industry
• 3/27/2014 – Study finds Mt Gox may have lost just 386 BTC due to transaction malleability
• 3/28/2014 – Isle of Man welcomes digital currency exchanges ‘No License Required’
• 3/28/2014 – Bitcoin prices tank on rumors of China ban
• 3/29/2014 – Court grants order to freeze Hashfast’s bitcoin wallets 

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2014-03-01 Crypto-Timeline

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

Phew.  Short month, but no shortage of shocking news in February!

The  Key February 2014 Crypto-Events were:

• 2/1/2014 – Bank stops working with bitcoin exchange CampBX due to regulatory concerns
• 2/2/2014 – Law Library of Congress releases report on Bitcoin’s legal status worldwide
• 2/4/2014 – Bitcoin scam costs Wisconsin man $150,000
• 2/5/2014 – Kazakhstan Central Bank could ban Bitcoin to protect bankers
• 2/6/2014 – Apple removes the last remaining Bitcoin app from the Apple Store
• 2/6/2014 – Indonesia Central Bank takes new, more neutral stance on Bitcoin
• 2/7/2014 – Mt. Gox halts all bitcoin withdrawals, price drop follows
• 2/7/2014 – Florida targets high-dollar bitcoin exchangers without money transmitter licenses in the State Continue reading →