FSB and the Central Bank of Russia in Favour of Banning Cryptocurrencies

Marzena Karpiak
Supposedly, the Russian security services and the central bank have come to an understanding on the topic of cryptocurrencies. The organs' intention is to not allow cryptocurrencies as a means of payment on the territory of Russia.
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A Lawsuit Filed Against Facebook Regarding the Trademark Infringement

Marzena Karpiak
It seems that the losing streak around Libra is endless as recent weeks have been quite pessimistic for this project. Not only have several members decided to leave the association, but also Facebook will have to face another problem, this time regarding a trademark.

Another Lawsuit Against Bitfinex

Marzena Karpiak
The Bitfinex exchange has not had a winning streak in recent months. This time, a group of investors filed a class action for damages of up to a trillion dollars.
Netherlands: Cryptocurrency Regulations as Early as in 2020

Netherlands: Cryptocurrency Regulations as Early as in 2020

Joanna Kiełb
The Dutch central bank has announced that institutions that provide any cryptocurrency services must prepare for new legal regulations from January 2020.Date of changesJanuary 10, 2020 - it is then that the new regulations prepared by De Nederlandsche Bank are to go into effect. Institutions conducting operations related to cryptocurrencies will have to register relevant documents in the bank in order to continue operating them.In the official statement of the central bank we can read:“In concrete terms, firms offering services for the exchange between cryptos and regular money, and crypto wallet providers, must register with De Nederlandsche Bank.”In July ministers of the Netherlands have attached a condition that cryptocurrencies have to be regulated; the reason is that not so long ago people have been concerned about increasing threat of money laundering, as cryptocurrencies are used for scams pretty frequently.Finance Minister Wopke Hoekstra received a note in January from the Dutch tax office and the central bank. It suggested the implementation of appropriate licenses that should be required from companies providing cryptocurrency services. The Netherlands is a country that does not officially recognize cryptocurrencies as a means of payment, but in 2018 one court ruled that Bitcoin is a "transferable value".  In 2018, a survey was conducted on the most popular cryptocurrency exchanges used by the Dutch. Coinbase is the leader here, indicated by 23% of respondents. 12% of respondents said that they do not use any exchanges.

Trademarks' problems and regulation in crypto world

Agata Hofman
In the blockchain and cryptocurrency industry, more and more disputes over intellectual property have been emerging recently. This is an example of one
The Swiss Still Discuss Cryptocurrencies

The Swiss Still Discuss Cryptocurrencies

Marzena Karpiak
The topic of the cryptocurrency in the United States is still relevant. A delegation from the US House Financial Services Committee will raise the issue of Libra in Switzerland.
New Zealand Regards Cryptocurrency Salaries As Legal

New Zealand Regards Cryptocurrency Salaries As Legal

Marzena Karpiak
New Zealand officially declared income in cryptocurrencies as legal. The country introduced a formula on how to tax this income as well.
Czechs to Implement Cryptocurrency Regulations Against EU

The Czechs to Implement Cryptocurrency Regulations Against EU

Marzena Karpiak
The European Union has outlined specific requirements for cryptocurrency regulations. The Czechs, however, want to establish their own regulations.
Spectacular Craig Wright's Failure In the Court

Spectacular Craig Wright's Failure In the Court

Marzena Karpiak
Various struggles have been going on for many months in the Bitcoin environment, sparking controversy. There have even been trials. One of them was brought by Craig Wright.
Bitcoin Increases Due to Trade War? According to skeptics: NO!

BTC Recognized As a Virtual Property In China

Marzena Karpiak
The court in China, after looking into one of the cases, considered Bitcoin as a virtual property of a certain value, which, in turn, makes it a legally protected asset there.
Bitcoin Guarantees Security During Turbulent Times

New Regulations Concerning Cryptocurrency Ban In India

Marzena Karpiak
The Inter-ministerial Committee (IMC), established to examine Bitcoin and cryptocurrency regulations in India, states that the government should put a complete ban on cryptocurrencies.
Democrats Want To Punish Companies For Introducing Cryptocurrencies

Democrats Want To Punish Companies For Introducing Cryptocurrencies

Marzena Karpiak
Democrats proposed a bill that is supposed to punish technology companies with a fine amounting to million dollars a day for putting cryptocurrencies into circulation.
Iran Allows To Mine Cryptocurrencies

Iran Allows To Mine Cryptocurrencies

Marzena Karpiak
One of Bitcoin's main opponents, Iran, while allowing BTC to be mined, will still not allow for the trade of it.

Regulatory Changes in Canada; Greater Control Over Exchanges

Joanna Kiełb
Canada has amended the regulations against money laundering. The changes will affect cryptocurrency exchanges and their operations.
What Does the New EBC President Mean For Crypto?

What Does the New EBC President Mean For Crypto?

Marzena Karpiak
Christine Lagarde is to become the new president of the European Central Bank. Up until now, Lagarde looked rather kindly on cryptocurrencies, but recently it has diametrically changed.
Grupa G20 daje zielone światło cyfrowej rewolucji Blockchain

G20 Countries Deal With FATF Regulations

Marzena Karpiak
One of the discussions of the last G20 meeting was connected with the legal regulations regarding cryptocurrencies. The leaders of the countries will carefully look at the postulates of the Financial Action Task Force FATF).
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Fake Crypto Exchange. Six People in Detention

Marzena Karpiak
A fake Cryptocurrency exchange led to losses amounting to nearly $27 million. Thousands of people have lost money on operations that most likely took place in the UK and the Netherlands.
Russia will legalize crypto

Russia will legalize crypto

Agata Hofman
Russia is preparing for the possible legalization of cryptocurrency trade. For a long time, the parliament has been waiting for this decision.

Cryptocurrency exchanges will share their clients' information

Agata Hofman
New recommendations regarding the regulation of virtual assets have finally been implemented. From now on, the cryptocurrency exchanges will have to share their clients' data.

New Law in Korea: Exchanges Are to Be Responsible for Customers' Losses

Joanna Kiełb
The five largest cryptocurrency exchanges in Korea have adopted new regulations imposed on them by FTC, the Federal Trade Commission.
BTC Has Been Worth Investing In For Nearly 99% Of Its History!

Russia: Mining and Using of Bitcoin Might Become Illegal

Joanna Kiełb
Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets has finally explained the problems with cryptocurrencies, although he did so by accident. After announcing potential penalties for miners, he stated that possession of Bitcoin, despite the ban, is still possible.

G20 Urges to Monitor Cyrptocurrencies More

Marzena Karpiak
Finance ministers and heads of central banks from the G20 group turned to the Financial Stability Board (FSB) and international organizations to monitor the risk related to cryptographic assets. The request was made in a shared communiqué, published on the website of the Japanese Ministry of Finance.
Generation Z is Not Interested in Cryptocurrencies

Egypt is to Loosen the Cryptocurrency Ban

Joanna Kiełb
Egypt is one of the exceptionally harsh countries when it comes to the cryptocurrency industry. Now, however, it will allow licensed companies to operate in this field.