New York State at the New York Supreme Court on 3/16/2017 @ 9:30 am.
The New York Department of Financial Services will need to defend itself on why they created the bitlicense.
For those interested, Oral Arguments on the Status of the Bitlicense 3/16/2017 @ 8:30 am
http://meetu.ps/e/CycxN/nndL/a
Also, if people are tipping; I would love some tips to continue and take the bitlicense all the way to the supreme court: 1EW7ESwvS3yGesSbP8G5ULsHYmy5pykeCG
Hope to see you there.
The Basic:
Paper Review; Bitcoin: A Peer-to-Peer Electronic Cash System 3/9/2017 @ 7:00 pm
http://meetu.ps/e/CxT97/nndL/a
The Advanced topic:
Socratic Seminar 66 (Food Sponsored by PWC) 3/14/2017 @ 7:00 pm
http://meetu.ps/e/CwdKj/nndL/a
The Court Case:
Oral Arguments on the Status of the Bitlicense 3/16/2017 @ 8:30 am
http://meetu.ps/e/CycxN/nndL/a
The website of lawsuit:
http://www.article78againstNYDFS.com
Topic: List of court cases, complaints, regulatory actions, etc. - page 7. (Read 196378 times)
Indeed it doesn't. When one exchanges RMB for XBT on a Chinese exchange the transaction has no affect on the value of the Forex value of the RMB relative to any other forex currency. Bitcoin isn't traded in the forex at all.
When one exchanges RMB for XBT inside China, the total quantity of RMB doesn't change, only the ownership of that the RMB exhanged chages. If that XBT is then exchanged for USD on an exchanged in the U.S., then once again the total of USD in the USD doesn't change, only the ownership of the amount of USD exchanged does. There's no forex market effect either as no FX market activity occurred.
On the other hand, when one exchanges RMB for USD in order to effect a wire transfer of said USD to a destination outside China, the effect is quite different.
While the quantity of RMB may not change, the quantity of USDs held inside China has to decrease by the amount remitted abroad. This has an effect on the value of the RMB relative to the USD in the FX markets.
Bitcoin transactions have no such effect. Indeed they have no direct FX market effect at all, making bitcoin remittances a very good way for China to allow its population to
When one exchanges RMB for XBT inside China, the total quantity of RMB doesn't change, only the ownership of that the RMB exhanged chages. If that XBT is then exchanged for USD on an exchanged in the U.S., then once again the total of USD in the USD doesn't change, only the ownership of the amount of USD exchanged does. There's no forex market effect either as no FX market activity occurred.
On the other hand, when one exchanges RMB for USD in order to effect a wire transfer of said USD to a destination outside China, the effect is quite different.
While the quantity of RMB may not change, the quantity of USDs held inside China has to decrease by the amount remitted abroad. This has an effect on the value of the RMB relative to the USD in the FX markets.
Bitcoin transactions have no such effect. Indeed they have no direct FX market effect at all, making bitcoin remittances a very good way for China to allow its population to
China to Restrict Bitcoin Marketing, But Blockchain Firms Unaffected
Just hours after it was first revealed that the People's Bank of China (PBoC) had held closed-door meetings with domestic bitcoin exchanges, new details are emerging about the conversations.
According to a new report by Caixin, the PBoC sought to restrict how the exchanges could seek to acquire potential new users, with the central bank indicating that the startups aren't able to mention the depreciation of the yuan in connection with marketing or otherwise promote their services offline.
Some of the involved exchanges were said to have cancelled planned activities that would have potentially utilized such a strategy.
The article further states that exchanges were advised to comply with know-your-customer (KYC) and anti-money laundering (AML) laws, and to refrain from using automated trading bots to boost volume, according to translation provided by Eric Zhao, from the Chinese Academy of Sciences.
A regional exchange employee wishing to remain anonymous dismissed the news as "no big deal" and unlikely to be motivated by any fears that bitcoin may compete with the yuan.
Another exchange employee, who wished to remain unidentified, expressed dissatisfaction with the reporting, alleging that some of the directives were not in fact new, though he did not provide clarity on which might have been previously given.
Past precedent provides some hints, though, as bitcoin companies in the region, in one instance, have previously backed out of public conferences due to regulatory pressure.
The comments notably follow news that China's State Administration of Foreign Exchange (SAFE) is looking into bitcoin under its mandate for stopping capital flight.
At press time, representatives from BTCC, Huobi and OKCoin had yet to respond to requests for comment.
No impact on blockchain
Notably, such instructions do not appear to have been given to startups working on blockchain projects or implementations using the distributed ledger technology behind bitcoin or alternative cryptographic tokens.
DJ Qian, CEO of blockchain-as-a-service startup BitSE, for example, indicated that the news "does not affect its business" due to its focus on non-monetary applications, a statement that was echoed in other responses.
Tong Li, CEO of Circle China, the bitcoin and blockchain-based messaging service, noted that he is not concerned about the directives or its impact on Circle's operations.
However, he did suggest that the announcement would be worth "following closely".
Blockchain investor Bo Shen, founding partner of Fenbushi Capital, expressed similar sentiment, indicating that he had not been in contact with any central bank officials about the topics discussed with bitcoin exchanges.
Shen is one of the more prolific investors in China-based blockchain projects, backing firms including Juzhen Financials as well as a number of open-source, alternative blockchain projects.
Adding potential insight is that Shen did offer a few words of advice to local exchanges, adding:
Just hours after it was first revealed that the People's Bank of China (PBoC) had held closed-door meetings with domestic bitcoin exchanges, new details are emerging about the conversations.
According to a new report by Caixin, the PBoC sought to restrict how the exchanges could seek to acquire potential new users, with the central bank indicating that the startups aren't able to mention the depreciation of the yuan in connection with marketing or otherwise promote their services offline.
Some of the involved exchanges were said to have cancelled planned activities that would have potentially utilized such a strategy.
The article further states that exchanges were advised to comply with know-your-customer (KYC) and anti-money laundering (AML) laws, and to refrain from using automated trading bots to boost volume, according to translation provided by Eric Zhao, from the Chinese Academy of Sciences.
A regional exchange employee wishing to remain anonymous dismissed the news as "no big deal" and unlikely to be motivated by any fears that bitcoin may compete with the yuan.
Another exchange employee, who wished to remain unidentified, expressed dissatisfaction with the reporting, alleging that some of the directives were not in fact new, though he did not provide clarity on which might have been previously given.
Past precedent provides some hints, though, as bitcoin companies in the region, in one instance, have previously backed out of public conferences due to regulatory pressure.
The comments notably follow news that China's State Administration of Foreign Exchange (SAFE) is looking into bitcoin under its mandate for stopping capital flight.
At press time, representatives from BTCC, Huobi and OKCoin had yet to respond to requests for comment.
No impact on blockchain
Notably, such instructions do not appear to have been given to startups working on blockchain projects or implementations using the distributed ledger technology behind bitcoin or alternative cryptographic tokens.
DJ Qian, CEO of blockchain-as-a-service startup BitSE, for example, indicated that the news "does not affect its business" due to its focus on non-monetary applications, a statement that was echoed in other responses.
Tong Li, CEO of Circle China, the bitcoin and blockchain-based messaging service, noted that he is not concerned about the directives or its impact on Circle's operations.
However, he did suggest that the announcement would be worth "following closely".
Blockchain investor Bo Shen, founding partner of Fenbushi Capital, expressed similar sentiment, indicating that he had not been in contact with any central bank officials about the topics discussed with bitcoin exchanges.
Shen is one of the more prolific investors in China-based blockchain projects, backing firms including Juzhen Financials as well as a number of open-source, alternative blockchain projects.
Adding potential insight is that Shen did offer a few words of advice to local exchanges, adding:
[Update Feb 19, 2014:
This thread is no longer being updated all that much. As Bitcoin further permeates the world, most every nation (or state, etc.) will have content specific to that jurisdiction's involvement with Bitcoin. Feel free to continue posting as you wish, but this thread will no longer be even close to being a comprehensive list as it had been for a period of time.
Other resources:
- http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country [Added Sep 3, 2015]
- http://coincenter.org/2015/06/tracking-bitcoin-regulation-state-by-state [Added Sep 3, 2015]
- http://www.coindesk.com/regulation [Added Sep 3, 2015]
- http://merkletree.io (formerly bitlegal.io I think) [Added Sep 7, 2015]
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
]
This list is to serve as an index to all the events in which Bitcoin-related topics interact with the courts, police, regulators, etc.
This is similar to how the NEW Articles in the Press Forum thread serves as an index to media mentions.
Topics related to regulations, taxes, etc. are also cataloged in a Bitcoin.it Wiki article:
Compilation of legal and regulatory information
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
I'm hoping for this thread to remain an index, mostly with just a brief summation and then links towards other threads and external sources -- rather than be where discussion for each index entry occurs. If an entry is made, feel free to reply with a link to a relevant thread where further discussion occurs or to other related content.
and so it must be true words. in the future crypto currency will be the most convenient currency for calculations and payments! This thread is no longer being updated all that much. As Bitcoin further permeates the world, most every nation (or state, etc.) will have content specific to that jurisdiction's involvement with Bitcoin. Feel free to continue posting as you wish, but this thread will no longer be even close to being a comprehensive list as it had been for a period of time.
Other resources:
- http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country [Added Sep 3, 2015]
- http://coincenter.org/2015/06/tracking-bitcoin-regulation-state-by-state [Added Sep 3, 2015]
- http://www.coindesk.com/regulation [Added Sep 3, 2015]
- http://merkletree.io (formerly bitlegal.io I think) [Added Sep 7, 2015]
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
]
This list is to serve as an index to all the events in which Bitcoin-related topics interact with the courts, police, regulators, etc.
This is similar to how the NEW Articles in the Press Forum thread serves as an index to media mentions.
Topics related to regulations, taxes, etc. are also cataloged in a Bitcoin.it Wiki article:
Compilation of legal and regulatory information
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
I'm hoping for this thread to remain an index, mostly with just a brief summation and then links towards other threads and external sources -- rather than be where discussion for each index entry occurs. If an entry is made, feel free to reply with a link to a relevant thread where further discussion occurs or to other related content.
I have taken over the role of writing related legal news into a thread.
You can find my thread here
https://bitcointalksearch.org/topic/list-of-court-cases-updated-1569841
This thread is out of date and OP said he would not run this thread that much anymore.
In order to see up to date news come here! Good luck!
PS: No offense, OP, if you ever wish to take back the role, all you have to do is PMing me! Thank you for your understanding!
You can find my thread here
https://bitcointalksearch.org/topic/list-of-court-cases-updated-1569841
This thread is out of date and OP said he would not run this thread that much anymore.
In order to see up to date news come here! Good luck!
PS: No offense, OP, if you ever wish to take back the role, all you have to do is PMing me! Thank you for your understanding!
A bit safer to buy/sell property for cash in Florida now:
http://www.miamiherald.com/news/local/crime/article91785802.ece/BINARY/Read%20the%20ruling%20(.PDF)
http://www.miamiherald.com/news/local/crime/article91785802.ece/BINARY/Read%20the%20ruling%20(.PDF)
[Update Feb 19, 2014:
This thread is no longer being updated all that much. As Bitcoin further permeates the world, most every nation (or state, etc.) will have content specific to that jurisdiction's involvement with Bitcoin. Feel free to continue posting as you wish, but this thread will no longer be even close to being a comprehensive list as it had been for a period of time.
Other resources:
This list is to serve as an index to all the events in which Bitcoin-related topics interact with the courts, police, regulators, etc.
This is similar to how the NEW Articles in the Press Forum thread serves as an index to media mentions.
Topics related to regulations, taxes, etc. are also cataloged in a Bitcoin.it Wiki article:
Compilation of legal and regulatory information
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
I'm hoping for this thread to remain an index, mostly with just a brief summation and then links towards other threads and external sources -- rather than be where discussion for each index entry occurs. If an entry is made, feel free to reply with a link to a relevant thread where further discussion occurs or to other related content.
This thread is no longer being updated all that much. As Bitcoin further permeates the world, most every nation (or state, etc.) will have content specific to that jurisdiction's involvement with Bitcoin. Feel free to continue posting as you wish, but this thread will no longer be even close to being a comprehensive list as it had been for a period of time.
Other resources:
Code:
- http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country [Added Sep 3, 2015]
- http://coincenter.org/2015/06/tracking-bitcoin-regulation-state-by-state [Added Sep 3, 2015]
- http://www.coindesk.com/regulation [Added Sep 3, 2015]
- http://merkletree.io (formerly bitlegal.io I think) [Added Sep 7, 2015]
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
]
- http://coincenter.org/2015/06/tracking-bitcoin-regulation-state-by-state [Added Sep 3, 2015]
- http://www.coindesk.com/regulation [Added Sep 3, 2015]
- http://merkletree.io (formerly bitlegal.io I think) [Added Sep 7, 2015]
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
]
This list is to serve as an index to all the events in which Bitcoin-related topics interact with the courts, police, regulators, etc.
This is similar to how the NEW Articles in the Press Forum thread serves as an index to media mentions.
Topics related to regulations, taxes, etc. are also cataloged in a Bitcoin.it Wiki article:
Compilation of legal and regulatory information
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
I'm hoping for this thread to remain an index, mostly with just a brief summation and then links towards other threads and external sources -- rather than be where discussion for each index entry occurs. If an entry is made, feel free to reply with a link to a relevant thread where further discussion occurs or to other related content.
Thank you for giving the opportunity to come join in bitcoin forum for guidance ya
Suit to recover $460,458 in costs and damages from Bitcoinica.
In Bulgaria, according to the revenue authorities for the purposes of taxation, the income from the sale of currency Bitcoin treated as income from the sale of a financial asset. Art. 33, paragraph 3, paragraph 4 of PITA.
(3) Taxable income from the sale or exchange of stocks, shares, compensatory instruments, investment bonds and other financial assets as well as foreign currency trading is the sum of realized during the year earnings determined for each specific transaction, less the amount of the realized year losses determined for each specific transaction.
The realized gain or loss is determined by the purchase price is reduced by the cost of the financial asset
(4) The realized profit / loss under par. 3 for each transaction is determined by the purchase price is reduced by the cost of the financial asset. When financial assets of a kind issued by a single person with different rates of acquisition and subsequently sold some of them and can not be proved which part is sold, the cost of each one of them is the weighted average price set based on the cost of the holdings of the date of sale financial assets of the same type and publisher.
Source Taxes Tita.bg
(3) Taxable income from the sale or exchange of stocks, shares, compensatory instruments, investment bonds and other financial assets as well as foreign currency trading is the sum of realized during the year earnings determined for each specific transaction, less the amount of the realized year losses determined for each specific transaction.
The realized gain or loss is determined by the purchase price is reduced by the cost of the financial asset
(4) The realized profit / loss under par. 3 for each transaction is determined by the purchase price is reduced by the cost of the financial asset. When financial assets of a kind issued by a single person with different rates of acquisition and subsequently sold some of them and can not be proved which part is sold, the cost of each one of them is the weighted average price set based on the cost of the holdings of the date of sale financial assets of the same type and publisher.
Source Taxes Tita.bg
can anyone tell what is the legal status of bitcoins in india
Quote
- http://bitlegal.net
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body )
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
SPREAD
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body )
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
SPREAD
interesting list for trading
I don't think e-begging to withdraw less than $3 in bitcoin is allowed or should even be condoned. This is a thread about legal issues.
Since it's been a while I'll add two entries that should have been put here.
EU's Top Court Rules That Bitcoin Exchange Is Tax-Free
October 22, 2015
Location: European Union
Abstract: European Union decides that Bitcoin is to be exempted from Value Added Taxes
http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd
Bitcoin is illegal in nation, declares FSC's chairman
November 2, 2015
Location: Taiwan
Abstract: Taiwan bans Bitcoin due to ransoms being requested in the currency
http://www.chinapost.com.tw/taiwan/national/national-news/2015/11/03/449957/Bitcoin-is.htm
Later Found to be misstated information
EU's Top Court Rules That Bitcoin Exchange Is Tax-Free
October 22, 2015
Location: European Union
Abstract: European Union decides that Bitcoin is to be exempted from Value Added Taxes
http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd
Bitcoin is illegal in nation, declares FSC's chairman
November 2, 2015
Location: Taiwan
Abstract: Taiwan bans Bitcoin due to ransoms being requested in the currency
http://www.chinapost.com.tw/taiwan/national/national-news/2015/11/03/449957/Bitcoin-is.htm
Later Found to be misstated information
Think this list needs to be closed and a new one opened and maintained. Most posts in here are from years back and older with nothing new. Sent a PM to OP just now maybe can come to thread and keep people updated stuff like this is handy to have and read. Maybe if does not want to continue to update if I ever get the time maybe will do one myself for everyone 
- http://bitlegal.net
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
SPREAD
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
SPREAD
hello what about bitcoin in Ghana or in sub saharan countries such as Nigeria, what juridisction covers us
Lot of this news is old and some good but can be also misleading on it but still good fun to read.
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