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Posts Tagged ‘Bitcoin Association of Australia’

A week ago, 24-year-old Charlie Shrem landed at JFK, home from giving a talk about the virtual currency Bitcoin at an e-commerce convention in Amsterdam. But as soon as he saw the agents from the Drug Enforcement Administration and IRS waiting for him at the gate, he knew. Shrem had never been arrested before, but […]

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Unfortunately, you cant assume that Bitcoin is legal everywhere you go — its safe to use the digital cash in some countries, but its mostly verboten in others. However, you wont have to travel blind. The US Law Library of Congress has just published a report (PDF) that outlines Bitcoins legal status in 40 countries.

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New York is now the first state to consider adding a special license called a BitLicense for businesses that operate primarily in Bitcoin and other virtual currencies, after receiving a flood of requests from Bitcoin entrepreneurs asking how they should register. The New York State Department of Financial Services (NYDFS) has been investigating the issue for […]

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