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6.12.2020
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto...

US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies

25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...

SEC Redefines Accredited Investors to Include Those With Proven Knowledge

27.8.2020
The U.S. Securities and Exchange Commission (SEC) has amended the definition of accredited investors, such as to include those with proven financial knowledge. The broader definition will enable more people to invest in private offerings of cryptocurrency investments. SEC’s New Accredited...

Brian Tockey: Bitcoin, Regression Theorem, and Defining Money

9.8.2020
It’s relatively common to see the regression theorem being mentioned in economic discussion, especially when it comes to whether or not something is money. This is surprising because the regression theorem has absolutely nothing to do with money or the definition of money. Regression theorem...

What is Developer Experience (DX)?

16.6.2020
Developer Experience¹ is a term² that has one somewhat obvious meaning — the experience of developers — but it eludes definition in the sense that people invoke it at different times for different reasons referring to different things. For instance, our own Sarah Drasner’s current job title...

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide

4.6.2020
Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition...

Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...

Kik Continues Legal Battle With SEC, Requests Trial Date Definition

10.1.2020
Kik is pushing to set a trial date with the SEC as preparatory activities continue

SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor Definition

19.12.2019
The U.S. Securities and Exchange Commission (SEC) has proposed amending the definition of “accredited investor” — a move that will increase access to regulated cryptocurrency investments. A number of them are currently only available to accredited investors. Among other changes,...

SEC Proposal Would Broaden ‘Accredited Investor’ Definition

18.12.2019
The SEC's proposed amendment would allow more investors access to private capital markets

Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary

15.10.2019
Oxford University Press published its recent quarterly report which revealed the term ‘satoshi’ was added to the Oxford English Dictionary (OED) database. The word represents the “smallest monetary unit in the Bitcoin digital payment system,” according to the definition....