Archive for the politics Category

Bitcoin Foundation: The little known group lobbying for virtual money

Bitcoin Foundation: The little known group lobbying for virtual money

13 Jan 2014 / The Globe and Mail – To get the inside story on what may be the future of money, you have to visit a high-tech office suite four blocks north of the White House. This is where the Bitcoin Foundation lives in relative anonymity.

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Corporates join bitcoin-brigade to lobby for digital currency

Corporates join bitcoin-brigade to lobby for digital currency

12 Jan 2014 / Economic Times – NEW DELHI: As more bitcoin operators shut shop in India on fears of regulatory and enforcement actions, some large corporates are believed to have begun lobbying hard with regulators and government departments in favour of ‘digital currency’. While none of

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New bitcoin exchange offers PHL expats a new way to send money home

New bitcoin exchange offers PHL expats a new way to send money home

11 Jan 2014 / GMA News – BuyBitcoin.ph, a new online bitcoin exchange launched on Thursday, offers an alternative method of sending money to the Philippines, according to bitcoin website CoinDesk. Bitcoin is a virtual currency that can be used to directly purchase items or services online.

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NY regulator to hold bitcoin hearing in January

NY regulator to hold bitcoin hearing in January

10 Jan 2014 / NEW YORK (MarketWatch) — The New York State Department of Financial Services said Friday it will hold a two-day public hearing on virtual-currency regulation beginning Jan. 28 in New York. The hearing will cover a potential license for virtual currencies such as bitcoin,

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After Crackdown, a New Bitcoin King Emerges in China

After Crackdown, a New Bitcoin King Emerges in China

09 Jan 2014 / Wired – Back in October, we marveled that a then-unknown company named BTC-China had suddenly become the world’s most popular Bitcoin exchange, helping to push the value of the digital currency over $200. But less than three months later, Bitcoin prices have quadrupled,

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Bitcoin isn’t Money—It’s the Internet of Money

Bitcoin isn’t Money—It’s the Internet of Money

08 Jan 2014 / The Umlaut – Ever since Paul Krugman started weighing in on Bitcoin recently, people have been using his notorious 1998 Internet prediction to mock him: By 2005 or so, it will become clear that the Internet’s impact on the economy has been no

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Could a Civil War-Era Law Stamp Out Bitcoin?

Could a Civil War-Era Law Stamp Out Bitcoin?

08 Jan 2014 / Wired – The Congressional Research Service recently took a close look at Bitcoin, and it discovered a rather unexpected land mine that could bring down the world’s most popular digital currency: the Stamp Payments Act of 1862. This 152-year-old law forbids any American

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Bitcoin Woos Washington to Ensure Lawmakers Don’t Kill Industry

Bitcoin Woos Washington to Ensure Lawmakers Don’t Kill Industry

08 Jan 2014 / Businessweek – Bitcoin advocates entered Washington a year ago with the shadow of a federal criminal investigation cast over the virtual currency industry. Their first mission: Win over, or at least not alarm, the U.S. Treasury Department’s Financial Crimes Enforcement Network, called Fincen.

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Taxing Bitcoin: IRS Review Has Big Implications For Investors In Virtual Currency

Taxing Bitcoin: IRS Review Has Big Implications For Investors In Virtual Currency

08 Jan 2014 / Forbes – By now most everyone has heard of Bitcoin. But exactly what is it? And how should it be taxed? Bitcoin is usually described as virtual currency. That’s useful shorthand, but is it really money? And should it be taxed as if

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Sen. Carper: ‘Let’s see what good can come from bitcoin’

Sen. Carper: 'Let's see what good can come from bitcoin'

07 Jan 2014 / CNBC – Federal regulators and law enforcement agencies don’t need new laws to tamp down on the more seedy uses of bitcoin and other virtual currencies, Sen. Thomas Carper, D-Del., told CNBC on Tuesday. “They’ve told us right now that we don’t need

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