Tag: Bitcoin regulation

Circle Becomes the First Bitcoin Enterprise to be Licensed in the UK

Published on 2016-04-08 09:52
Circle, a Bitcoin Wallet service startup, has become the first Bitcoin company to be granted an electronic money license from Financial Conduct Authority, the United Kingdom’s financial regulator. This is the second time the company is beating all the others in getting approval from regulators.  In September 2015, it received its license ahead of any other Bitcoin business in New... read more »

Bitcoin not Mentioned in New York Times, ‘Frontline’ Online Gambling Documentary

Published on 2016-02-20 13:24
On 9th February 2016, a documentary on online gambling in the United States made jointly by The New York Times and PBS series “Frontline” aired. The investigative piece that took two years to finish can also be watched online. While it delves into different aspects of the industry in the United States, including payment methods, throughout the entire one-hour long... read more »

UK Chief Science Adviser Asks Government to Do More with Blockchain

Published on 2016-01-27 15:13
The year 2015 ended well for the Blockchain, the technology on which Bitcoin runs. Major financial institutions such as Goldman Sachs, Barclays Bank and Nasdaq, as well as technology companies such as IBM and Linux, had commenced work on creating solutions that are built on the decentralized ledger. Nevertheless, news of regulators still grappling with how to treat Bitcoin and... read more »

Greece Seeks to Finance its Economy Using Online Gambling Revenues

Published on 2016-01-09 17:26
Greece is in the process of changing its licensing regime for online gambling. This will see the country collect more revenue from the industry to finance its economy. This is especially important given that the government has been cash-strapped for some years, and any extra income will ease things. Under the old regime, efforts were driven more to protect OPAP,... read more »

Bitcoin Transactions VAT Exempt; the European Court of Justice

Published on 2015-10-22 16:16
The European Court of Justice on 22nd October ruled that Bitcoin transactions should be exempt from Value Added Tax (VAT). This comes three months after the same court ruled in favor of Daniel Hedqvist, a Bitcoin forum operator, in a local case of taxation pitting Sweden’s tax office. The latest ruling, which has been received as groundbreaking, asserts that bitcoin... read more »

Belarus to Host a Bitcoin Gambling Themed Conference

Published on 2015-10-08 08:58
The city of Minsk in Belarus will play host to a Bitcoin conference between October 14th and 15th 2015. According to the organizers, the theme of this event will be about Bitcoin gambling and specifically the advantages and disadvantages of cryptocurrency in the gambling space. The meeting, which will bring together Bitcoin enthusiasts, gamers and entrepreneurs in the gaming industry,... read more »

Online Gambling a Major Driver of Bitcoin-Friendly Isle of Man’s Economy

Published on 2015-09-09 08:07
The Isle of Man, a British protectorate island in the Irish Sea, has published its National Income report for 2013/14, which indicates that online gambling is now one of the island’s economy major drivers. According to the Economic Affairs Cabinet report, e-Gaming grew by over 30 percent during the covered period and overtook insurance, which is one of the largest... read more »