Earlier this week, a Dutch court described bitcoin as a transferable value during a case that requested Koinz Trading BV to pay mining proceeds worth $5,000, or 0.591. The court explicitly stated that property rights apply to bitcoin, given that as a cryptocurrency, it is able to transfer value in a peer-to-peer manner. The court went on to note that the cryptocurrency is a legitimate transferable value. Continue reading Bitcoin is Gaining Legitimacy in Europe
The Quebec government’s recent actions to disconnect cryptocurrency mining from the region has drawn criticism from Francois Remy, head of the digital desk at Les Affaires, a Quebec newspaper, in a recent blog. Continue reading Quebec Blogger Slams Government For Dissing Crypto Mining
Bitcoin industry giant Bitfury is opening a new bitcoin mining center in Norway, bringing investments and jobs in a move that has “delighted” the country’s government. Continue reading Norway Government Welcomes Bitfury
For the first time in history, the Chinese government and its central bank, the People’s Bank of China (PBoC), has opened its $27 trillion payment market to the world. Foreign firms are now allowed to apply for licenses to operate within China, competing against local service providers. Continue reading China Opens Doors to $27 Trillion Payments Market
Looks like the recent urge put forward by the head of the International Monetary Fund (IMF), to round the globe regulators, asking to crack down on cryptocurrencies, as they hold the potential to be a “major new vehicle for money laundering and the financing of terrorism,” actually worked. Continue reading What led to the fall of Bitcoin?