Bitcoin Regulation

MrBitcoin July 21, 2019

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied.  Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve […]

MrBitcoin July 14, 2019

A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12. The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying it is with the Financial […]

MrBitcoin July 7, 2019

According to the Wall Street Journal, The Internal Revenue Service (IRS) is expected to update its guidance on Bitcoin tax treatment within weeks. In the meantime, members of the U.S. Congress fear that the U.S. is falling behind other nations in the crypto industry. This fear is prompting them to consider bills to clarify legal […]

MrBitcoin June 9, 2019

One of the main themes to be discussed at the G-20 Financial Ministers and Central Governors Meeting this weekend has to do with money laundering and cryptocurrency. What kind of agreement would be a surprise? Even for the purpose of introducing Anti-Money Laundering (AML), should we allow our financial privacy to be compromised? Alexander Zaidelson, […]

MrBitcoin June 6, 2019

Since Vancouver police described Bitcoin ATMs as ‘an ideal money-laundering vehicle’, the  council are considering banning them. Problem solved, eh? Misinformation… Meet Knee-jerk Reaction So Vancouver Mayor, Kennedy Stewart, has suggested that the city council will consider banning Bitcoin ATMs in the city. According to his spokesman, this: came out of information the VPD (Vancouver […]

MrBitcoin June 2, 2019

3. In short: It’s on a blockchain. But let’s dive a little deeper and see what “token” even means in our case. Of course, as with many other crypto-related terms, there is no single, agreed-upon definition. At the most basic level, a token is a representation of a particular asset or utility. Sound too abstract? […]

MrBitcoin May 26, 2019

This weekend, the Cote d’Azur sees the final day of the Cannes Film Festival and the glitz and glamour of the Monaco Grand Prix. Has the Bitcoin world been able to match that excitement this week? Bitcoin Price – Coiling Up For The Next Push? On the surface, one might almost believe that Bitcoin price […]

MrBitcoin May 16, 2019

On May 7, Dovey Wan, founding partner of crypto investment firm Primitive Ventures tweeted that the Chinese social media behemoth and payment service provider WeChat is set to ban merchants from making cryptocurrency payments. This ban marks the latest effort to stymie cryptocurrency usage in China, with the government also mulling over ways of greatly […]