Bitcoin Regulation social media Taxes 
PYMNTS
JULY 16, 2019
Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.
PYMNTS
NOVEMBER 12, 2018
According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. This time, South Korean blockchain company Pure Bit has reportedly stolen $2.7
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PYMNTS
AUGUST 5, 2016
Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. The culprit is said to be the use of the BitGo wallet and the structure of the bitcoin accounts itself.
PYMNTS
APRIL 2, 2018
On the global stage, bitcoin fell below $7,000 to just above $6,800, and Ripple slipped to its lowest price since the end of 2017. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. Same alarms, different week. Domestically, the horizon may be darkening a bit for virtual currencies.
PYMNTS
MAY 10, 2017
It was still three months before I could get a proper Norwegian bank account because I was temporary tax member. Being unable to prove who you are is a big problem for anyone, anywhere on Earth looking to secure any kind of bank account, since global regulators all more or less agree that one has to know their customer. What’s Next.
Lex Sokolin
AUGUST 5, 2019
They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. And yet, only 2% of all Bitcoin transactions have anything to do with illicit activity?—?no For many of us, we are fine losing social media photos, Twitter puns, or even our passwords.
Lex Sokolin
AUGUST 5, 2019
They insist on inequitable, overly heavy-handed regulation and security expectations that stifle out young companies. And yet, only 2% of all Bitcoin transactions have anything to do with illicit activity?—?no For many of us, we are fine losing social media photos, Twitter puns, or even our passwords.
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