Currency has remained largely unchanged for hundreds of years. Though government authorities from around planet Earth will continually develop stronger materials, bills and coins that are inherently less easy to counterfeit, and enact various fiscal policy changes to make sure inflation doesn't render cold, hard cash ineffective, it will still…
18 posts tagged
Government
JP Morgan Chase patron sues bank over cryptocurrency fees.
One of the world's largest financial institutions, JP Morgan Chase, is on the receiving end of a lawsuit levied by plaintiff Brady Tucker, a customer of the bank. Tucker claims he received $143.30 and $20.61 in fees and interest, respectively, for specific cryptocurrency transactions he made throughout the…
Polish Government Seizes €400 Million from Cryptocurrency Exchange
There is emerging news that the Polish government had seized €400 million from an account at Cooperative Bank in Poland associated with Bitfinex, a cryptocurrency exchange. It was reported earlier that the investigation and seizure were connected to Columbian cartels, a claim that has been neither confirmed or denied by…
Arizona House Bill 2603 and Cryptocurrency Regulation: What You Need to Know
Arizona House Bill 2603 passed the Arizona House of Representatives with a strong 56 in favor, 3 not in favor, and 1 abstention. From there, the bill passed unanimously in the senate and was officially signed into law on April the 3rd by Arizona governor Doug Ducey. This bill will…
Financial Conduct Authority (FCA) Considers How To Regulate Cryptocurrencies
A leading change in the European cryptocurrency market is occurring as the UK’s Financial Conduct Authority (FCA) is not regulating derivatives. With the European Union's MiFID 2 regulation introduced this year, UK authorities have concluded that it falls under this type of regulation. This likely sets a precedent that…
Coincheck pays back cryptocurrency after hacker theft.
The Japanese cryptocurrency exchange Coincheck made headlines in January of 2018 when it suffered what might be the largest theft in modern history. Hackers targeted the exchange and made off with the equivalent of $500 million in cash. Some 260,000 customers were affected by the theft. The incident follows…