The Burger King franchise in Russia has rolled out a loyalty program built around the 'Whoppercoin.' It's a cryptocurrency that customers can traffic in online or trade in for free burgers. Could it also be a signal that Russia is softening its hostile stance toward virtual currency?
Last week, several attorneys offered their perspectives on the SEC ruling that tokens are securities and, as such, their sale is subject to SEC regulations. This week, our legal experts look at the larger questions raised — about the future of blockchain regulation, and whether the rules regarding token sales need clarification.
The DAO recently got into hot water for holding a token sale that failed to comply with SEC regulations. Blockchain Tech News got in touch with three lawyers to get their perspective on what happened and how it can be avoided in the future.
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.
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.