Law

Key Comments From Libra Hearing at US House of Representatives

Legislators in the U.S. House of Representatives heard testimony on Facebook’s Libra cryptocurrency project. Here are some key comments from lawmakers and David Marcus

Rep. Waters Opens Libra Hearing With Indictment of Facebook's Past Mistakes

Rep. Maxine Waters opened today’s hearing on Facebook’s Libra project by noting the firm’s past behavior regarding user data and privacy

How the US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

US Bill 'Keep Big Tech Out of Finance’ Discussion Draft Targets Facebook's LibraFacebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to […]

The post How the US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra appeared first on Bitcoin News.

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

Georgia Exempts Bitcoin From VAT to Become the Next Country Affirming Its Currency StatusCryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from […]

The post Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status appeared first on Bitcoin News.

Co-Founder of Now-Defunct BitFunder Gets 14 Months Imprisonment

A judge has sentenced BitFunder’s operator to 14 months in prison for operating a fraudulent crypto-related scheme

Texas Court Orders Defendants to Pay $400K for Fraudulent Bitcoin Scheme

A Texas court has ordered two individuals to pay $400,000 in fines and repayment for a fraudulent Bitcoin scheme

Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored

Kleiman's Expert Witness Claims So-Called 'Bitcoin Inventor's' Documents Were DoctoredThe Kleiman v. Wright case continues this week and a slew of new evidence has been submitted to the Southern District of Florida courthouse. A supplemental affidavit stemming from the Kleiman estate’s expert witness, Dr. Matthew Edman, indicates that documents submitted to the court as evidence were “modified” and “backdated.” Also Read: Bitcoin Cash Scaling […]

The post Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored appeared first on Bitcoin News.

How 10 Countries Respond to Facebook’s Libra Cryptocurrency

How 10 Countries Respond to Facebook’s Libra CryptocurrencyA growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

The post How 10 Countries Respond to Facebook’s Libra Cryptocurrency appeared first on Bitcoin News.

Canada: Crypto Exchanges Must Register With Financial Watchdog Next June

Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June

US SEC Approves Blockstack Token Offering Under Regulation A+

Blockstack is slated to be the first cryptocurrency startup to use Regulation A+ to conduct a public offering of its utility tokens, following approval from the SEC

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