Australia to Treat Bitcoin “Just Like Money”
May17

Australia to Treat Bitcoin “Just Like Money”

In a move to firmly establish Australia as a global leader in financial technology, the Australian government has officially announced that bitcoin will be treated as normal currency. The official confirmation came in their recently concluded 2017-18 budget summary, in which the government announced plans to make the Australian financial environment-friendly enough for digital currency businesses to operate. To that effect, the...

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Russia Plans to Make Bitcoin Legal in the Country
Apr24

Russia Plans to Make Bitcoin Legal in the Country

The Russian government has always exhibited a contradictory, but largely negative stance, on cryptocurrencies, which are a relatively new phenomenon in the global finance sector. This has been even more so evident in its attitude towards Bitcoin, the most prevalent of the cryptocurrencies. As such, it comes as good news to Bitcoin users in Russia that the government looks to legitimize the virtual currency as soon as 2018. This...

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EU Proposes A Database Of Bitcoin Users
Aug24

EU Proposes A Database Of Bitcoin Users

The European Commission is out to track cryptocurrency users, taking anonymity away with the demand that users register on an EU-wide database. Their proposal not only empowers them over tracking purposes, but the record would provide them with real-world identities of people using cryptocurrencies such as Bitcoin, along with the associated virtual wallet addresses wherein their money is held. This is only the first part of an action...

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Commonwealth Calls On its Member Nations To Legislate Bitcoin
Feb09

Commonwealth Calls On its Member Nations To Legislate Bitcoin

According to the latest report, the Commonwealth of Nations has asked its 53 member countries to speak out on the legality regarding virtual and digital currencies such as the Bitcoin. The report is purportedly the result of the research carried out over a year on virtual and digital currencies by a working group. Report has also revealed that of all the member nations, only Bangladesh has cited the use of the Bitcoin and other such...

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Jersey Government Plans To Pass Virtual Currency Legislation
Dec29

Jersey Government Plans To Pass Virtual Currency Legislation

In the latest Bitcoin news, Jersey is interested in securing its future in the emerging world of digital currency and how it could benefit their community. Jersey is the largest of the Channel Islands, British crown dependencies that lie off the French coast. It isn’t a part of the European Union or United Kingdom. It is seen as a safe haven for digital currencies and Bitcoin news reports indicate that this has led to a lot of people...

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