US Treasury Secretary Mnuchin: Bitcoin is not a Swiss bank account
The head of the United States Ministry of Finance called Treasury (just like the local Ministry of Foreign Affairs is called the State Department) warns against complete trust in Bitcoin as an asset, tells investors might get hurt and tells there is no risk Russia will avoid sanctions through “virtual” currencies
14 January 2018 21:00, UTC
UK banks do not want to provide mortgages for Bitcoin investors
The banks of the United Kingdom are suspicious towards the origin of money coming out of Bitcoin and do not want to give mortgages for cryptocurrency investors to get homes
14 January 2018 21:00, UTC
South Korea to fee anonymous crypto exchange users, abandons full trade prohibition
Under the pressure of the local cryptocurrency community, the government explains itself in the official statement regarding the alleged future ban of cryptocurrency organizations - which, in fact, is not happening anytime soon. Simultaneously, it tells about charges for anonymous trades
14 January 2018 21:00, UTC
Indian state of Karnataka to hold blockchain hackathon for government tech upgrade
Although the government of India cannot be called good-hearted towards Bitcoin, the hackathon held in Karnataka is yet another example of how a technology that underlies cryptocurrency attracts governments - as long as no digital currencies are being made
14 January 2018 21:00, UTC
South Korea is not banning crypto trading, government notes huge community reaction
The initial messages on South Korea banning crypto trading have proven to be false, and exactly as Bitnewstoday suspected, officials’ opinions do not equal full-fledged laws. The local channels cite the government which is shocked by huge number of requests to sack the Justice Minister
11 January 2018 21:00, UTC
Chinese miners start to consider moving to other countries
The government of China is not thrilled with digital financial technologies to such extent that it starts to pressure Bitcoin miners, and in response to this business threat, they start to consider moving operations to Canada and Switzerland
11 January 2018 21:00, UTC
Bitcoin and Ethereum fall amidst the words of South Korean justice minister
The regulative actions and statements in one of the biggest cryptocurrency markets affect the world price and community of Bitcoin: some, however, believe Bitcoin simply needed a reason to fall, and this is only a justification of what was about to happen anyway
10 January 2018 21:00, UTC
Russia to develop amendments which prevent tax evasion through crypto
A set of amendments to existing laws is planned to develop during this year so that citizens did not evade taxes through cryptocurrency — efficiency of such amendments is in question, as nobody has seen them yet. Read more recent news from Russia below
10 January 2018 21:00, UTC
Putin: cryptocurrency is backed by nothing
Vladimir Putin commented on the possible emergence of cryptocurrency legislation in Russia. The head of state also said that digital money carries a high risk
10 January 2018 21:00, UTC
This website glitch opened crypto fraud possibilities for a short period of time
A typo in the internal structure of Overstock allowed to buy products for Bitcoin Cash while the system was designed for Bitcoin, which opened a possibility to buy a 70-dollar purchase with only 12 USD. The bug has already been fixed, so trying anything similar is not going to work anymore
10 January 2018 21:00, UTC
Russian officials now have permission not to declare cryptocoin incomes
The Ministry of Labor of the Russian Federation knows about the new money/asset type and made it clear to the officials even before the implementation of the official cryptocurrency legal framework that they can store in cryptocurrency as much money as they want without declaring them
09 January 2018 21:00, UTC
Two Bitcoin ETFs projects delayed due to SEC opposition
The United States Securities and Exchange Commission is now concerned with two projects which would have offered the exchange-traded funds connected with Bitcoin, which is right now one of the most institutionalized cryptocurrencies in the world apart from its notably big price
08 January 2018 21:00, UTC
Indian advocate asks court to either regulate or prohibit Bitcoin
The lawyer in India decides to get the public’s attention to the dark side of Bitcoin by filing a complaint to the Calcutta High Court. In this litigation, he emphasizes the importance of control over digital currencies which are often used by criminal groups
08 January 2018 21:00, UTC
Gibraltar legalized ICO exactly as intended
Gibraltar’s authorities fully implement their plans first heard of in September last year, and now ICO entrepreneurs have a place to open such offerings without many bureaucratic obstacles
08 January 2018 21:00, UTC
Hardware wallet with an unpleasant surprise
The man tells he lost his cryptocurrency investments after buying a hardware wallet on eBay, this means online marketplaces are not secure for such buyings
08 January 2018 21:00, UTC
Egypt's Grand Mufti banned bitcoin trading
Leading Egyptian cleric Shawki Allam issued a fatwa banning Muslims from trading bitcoin. Grand mufti considers use of cryptocurrencies as too risky
02 January 2018 21:00, UTC
China's central bank can limit power supply to miners
The Chinese authorities can introduce a limit on electricity used by miners. Restriction plan was submitted by the People's Bank of China. This may be another tough measure against cryptocurrency after PRC government banned ICO and closed several domestic cryptocurrency exchanges
02 January 2018 21:00, UTC
Bank of England may issue its own cryptocurrency
In 2018, a new cryptocurrency, tied to the pound sterling, may appear in the UK. The decision will be made within 12 months based on the report of the research team
31 December 2017 21:00, UTC
Quoine stays with the money: B2C2’s lawsuit dismissed
The lasting debate of Quoine and B2C2 ends at the court in Singapore decides to close the whole case, stating that Quoine had the right to reverse the unfair deal, backed by its own terms of agreement
28 December 2017 21:00, UTC
Japanese Mitsubishi to set crypto assets trust, South Korea to ban certain type of crypto transactions
The Southeast Asia comes in different directions: Japanese are moving towards institutionalization and consumer protection while South Koreans are now not able to operate with cryptocurrency exchanges without verification
28 December 2017 21:00, UTC