With new technologies, it takes a while for regulation to catch up. Blockchain technology is no exception. While we are slowly beginning to see standards emerge, the reputation of blockchain is still marred by the criminal aspects of bitcoin.
Whichever way the US Securities and Exchange Commission rules on a proposal by the Winklevoss twins for a bitcoin exchange-traded fund, the agency's decision will have a positive impact on the future of digital currencies.
A growing number of 501(c)(3) nonprofit organizations are accepting bitcoins, including well-known charities. The IRS treats virtual currency as property, causing administrative issues for tracking gains and losses when using virtual currency for donations and other purposes.
The slow response of U.S. government agencies to provide helpful virtual currency regulation is undermining use and innovation of the promising currency. The U.S. is falling behind other countries in this crucial area.
The Financial Crimes Enforcement Network regulates a variety of issues related to virtual currency such as oversees transactions and financial criminal activity. Failure to turn in the right reports to FinCEN can lead to big financial losses, so exchanges must understand their legal options and obligations.
In January, the top-read stories included a wide range of topics including blockchain technology, regulations and key predictions for 2016. It's time to take a look at the top five most-read stories of January 2016.
Last year in virtual currency news, several major players such as banks, Bill Gates and states have begun to take virtual currency seriously. It's time to take a look back at the top news stories of 2015.
The year is almost over, and it has been a wild ride for virtual currency enthusiasts, with big price fluctuations to big bank experiments on the blockchain. Let's take a look back at some of the top trends of the year.
Since 2009, many sleuths have investigated the identity of bitcoin's founder, Satoshi Nakamoto. Now, some reports have identified him as Australian businessman Craig Wright, who is currently nowhere to be found.
Virtual currency and governments have had a strained relationship. But what if one day, governments took a different approach and created their own virtual currencies? For one country, that fantasy is already a reality.
Regulations are rolling out slowly but surely in the fast-moving virtual-currency industry. Track the latest developments here as federal, state, and local governments strive to keep up with the technology.