The Internal Revenue Services sent Coinbase a summons asking for information on all users basing on three isolated cases when people used bitcoin to evade taxes.
The billionaire investor who supported Donald Trump as a candidate for US presidency will have his ear on tech issues.
Bitcoin experts previously predicted that the victory of Donald Trump can result in bitcoin price boost.
Japan authorities make a step as the country is the only one among the Group of Seven leading industrial economies that taxes bitcoin purchases.
The judge threw out the charges against website designer who had been accused of unlawful transfer and laundering of bitcoins.
The law focuses on regulation of digital currencies including bitcoin and blockchain industry in particular.
BitLicense was granted after a thorough study of Ripple’s standards by New York Financial Watchdog.
Greg Medcraft, a known supporter of the distributed ledger technology, urged global regulators to consider the challages of the blockchain to reach its widespread adoption.
Virtual currencies become recognized as asset-like values while all cryptocurrency exchanges need obligatory registration with the Financial Services Agency.
The Financial Services Agency will soon present its plan to recognize bitcoin as fulfilling the functions of currency while the problem of bitcoin taxation remains unsolved and hotly debated.
The Financial Services Agency is planning to register all exchanges and companies dealing with virtual currencies for better control.
The Britain’s financial authority says it is not going to impose regulation on the distributed ledger in the near future.