Tag: law

The American Tax Agency Is Asking Bitcoin Startup Coinbase To Hand Out User’s Data

Today the Bitcoin community saw something unprecedented, the American Internal Revenue Service (IRS, Tax Agency) sent a request to Coinbase, the most popular Bitcoin exchange in the US, demanding customer’s information ranging from 2013 to 2015. The California Northern District Court is seeking to gather information about “John Does,” a generic term used as a placeholder name for a party whose true identity is unknown, and who meets the following criteria: United States …
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California Lawmakers Draft A Proposal Against Ransomware

Bringing an end to the ransomware threat can be achieved in many ways. According to California lawmakers, the legal system provides all of the necessary tools. At the same time, internet criminals don’t lose any sleep over their actions being legal or illegal under any law. That isn’t keeping lawmakers from trying to create new legislative proposals, though. Can We Ban Ransomware By Law? It is an interesting solution to …
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Monetary Authority of Singapore Proposes a Regulatory Sandbox for FinTech

The Monetary Authority of Singapore (MAS) released a consultation paper discussing several FinTech regulatory guidelines that will enable financial institutions (FIs) as well as non-financial players to experiment with financial technology (FinTech). Singapore is a key player and a hub for financial technology developments and startups, the country has a vibrant blockchain industry too, Ethereum-based solutions such as Digix and Otonomos are located in Singapore, and recently, it was visited by Ethereum’s …
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New Law in China Delays Launch of Mobile Games By A Month or More

Mobile game developers may want to think twice about submitting their creations to the Chinese market in the future. As of July 1, all mobile games must be approved by the government before they will be released to the public. Mobile Games In China Are Scrutinized To put this news into perspective, the State Administration of Press, Publications, Radio, Film, and Television are scrutinizing mobile games in China. All of …
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