Research: Are Bitcoin ATMs Safe? - Coinnounce

[ECON] The Great Redemption

[M] Apologies for reposting this, but on my end the post kept disappearing for some reason, and I doubt anyone else could see it.
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[Central Bank of Chile](https://www.bcentral.cl/web/central-bank-of-chile/home), Augustinas 1180, Santiago de Chile

The Road to Redemption

January 9th, 2022
Following the collapse of Lehman Brothers on September 15th, 2008, the international financial fabric was torn apart into an existential crisis. Threatened by the "Great Recession", the global ruling class was forced into taking decisive action. Most Governments opted to bail out the banks, driven by their mantra of "too big to fail". Elsewhere, financial authorities and Central Banks opted to do the unthinkable by letting the market collapse.
In the wake of the global recession, a plethora of financial reforms were carried out. Some economists revisited the concept of doing away with fractional reserve banking altogether, with Iceland nearly leading the way. Most conventional politicians, meanwhile, opted to enact some of the most complex regulatory legislation in financial history, adding over eleven thousand pages to the bureaucratic burdern in the process.In the meantime, the regular "bloke on the street" had finally had enough and clamoured for change.
Today, nearly fifteen years later, "recession" has once again become the name of the game. With the European economy entering a state of contraction and German commercial banks facing imminent collapse, the global economic system is on the edge of being subjected to the worst economic crisis in recorded history. And while the Bundestag has already **recommitted itself to a bailout, others have yet to respond to the impending financial meltdown.
Although Chile and the rest of Latin America are somewhat isolated and thus shielded from the "European dumpster fire", the Government is keenly aware that the situation could quickly take a turn for the worse. As such, the Ministry of Finance and the Central Bank of Chile have decided to embark on what they call "The Great Redemption". And although financial reform is contrary to the Allende Administration's strictly interim nature of governance, the President believes that the State has an inherently entrenched obligation to protect its citizens from suffering at the hands of the financial system. "The old continent has finally met its end", an increasingly aged and fragile Allende told the New York Times. "And in this new world order, Chile leads the way."

Hard-coded Monetarism

Following the global financial and subsequent European sovereign debt crisis, the European Central Bank embarked on a "Quantitative Easing" program of monumental proportions. While "Super Mario's" money printing machine allowed for Keynesian contra-cyclical spending, the long-term consequences of the ECB's continued buyback program have seemingly far outstripped the benefits. Negative interest rates have become standard practice across the Eurozone, and Christine Lagarde's continuation of her predecessor's policies has effectively led to the loss of the continent's ability to undertake monetary policy. Meanwhile, "inflation's ugly twin" is threatening to put a halt to consumer spending, potentially throwing more oil on the continental-sized dumpster fire.

Towards a Cashless Society

Following the introduction of Bitcon in the wake of the global financial crisis, digital cryptocurrencies have promised to dramatically reshape our moodern conception of money. After having watched privately-sanctioned digital coinage wax and wane for several years, Central Bankers across the globe have increasingly started calling for a public alternative. The dangers of private digital fiat money became abundantly clear when social media behemoth Facebook announced it would issue its own global cryptocurrency), with the Bank for International Settlements publicly denouncing the notion of digital currency being monopolised by private actors. The French and German Governments quickly followed suit, striking a major blow to the Libra.

Privatisation with a Human Face

Founded in 1953 by President Carloz Ibañez del Campo, the Bank of Chilean State is the country's third largest bank. BancoEstado has been ranked Latin America's safest bank since 2012, and the 48th safest bank in the world and 6th in the Southern Hemisphere since 2015. BancoEstado - whicich is rated AA3 by Moody's - is furthermore the only bank to service all of the country's communes, while being the sole financial service provider in theseventy-seven of the most remote Chilean localities.

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Other Measures

The Chilean Government hopes - above all - that its willingness to undertake radical reforms will serve to inspire Euuropean Governments and Central Banks into being ambitious in their response to the continet's economic issues. At the same time, the Chilean financial sector is expected to become one of the world's most innovative, competitive and dynamic payments markets, continuing the country's reputation as Latin America's "Shining Star".Only time will tell whether or not these reforms will actually bear their fruits.

Footnotes

  • 1 - Based on a quote by Milton Friedman.
  • 2 - Customer support, mobile and internet banking, etc
  • 3 - I based this figure on the 2018 Annual Report, where on page 46 it states that the bank's total consolidated assets total more than $40 billion dollars. The figures I gave in terms of revenue are based on the subsequent economic growth, the willingness of Chileans to gain ownership of the bank for nationalist reasons, and on thee fact that both Peter_j_ and ForestChapel valued the bank at $50 billion in previous seasons. Please feel free to provide me with imput as I'm not very well vested in corporate valuations.
  • 5 - This is based on the so-called Bibby Plan, which is briefly described on the deposit insurance wikipedia page, as well as on basic econoics.
  • 6 - Regulations regarding the creation of a new bank will be adressed in a separate post.
[M] Much of the stuff in this post is based on recommendations by the Sustainable Finance Lab, a high profile Dutch financial think tank. As such, some of the stuff in this post might be a bit out of place considering the vastly different nature of the Dutch financial sector. Most of it should still be universally applicable, though.
submitted by TheForgottenVanGogh to GlobalPowers [link] [comments]

The Regulatory/Legal Environment

Hello! My name is Daria Volkova and I am the Head of Platinum Legal Department. Our team believes that these are exciting times for the crypto market. We supported more than 100 clients, created and promoted their STO and ICO campaigns, got from an idea to funding in a matter of 2.5 months! See the full list of our services: Platinum.fund We are more than proud to present our education project. The UBAI can help you to learn specifics about cryptocurrencies and blockchain technologies. Learn all about ICO avenues and opportunities, plug into the world of trading cryptocurrency markets, become an expert in scam projects, promoting ICOs and STOs, launching your own campaigns and many more! What are the different cryptocurrency regulations in major countries? Find the answer after reading this article.
Cryptocurrency Regulations across Major Countries
Cryptocurrency and the blockchain industry may seem sufficiently exciting and attractive to you now. After all, you are taking the time and effort to study this course. You may be planning to work in cryptocurrency and the blockchain industry. Of course, we want to encourage you and help you proceed toward your goal. But it is also important you understand the regulations guiding the blockchain industry to help keep yourself out of trouble.
This year, in particular, seems to be the year in which a lot of countries are looking to finally coalesce the regulations relating to the blockchain industry into a workable legal framework. Some countries are more accommodating to cryptocurrency and blockchain technological innovations while others are still more cautious. We will examine how each major country is forming their own regulatory framework for the blockchain industry.
Canada
Cryptocurrencies are not considered legal tender in Canada. This was clearly expressed by the country’s Financial Consumer Agency (FCA). Canada, like the US, has yet to clearly define or legislate a framework surrounding cryptocurrencies. But Canada still appears to be among the most transparent of countries for the nation’s interpretation and enforcement of the law surrounding cryptocurrencies (aside from Switzerland). For the time being, Canada has clearly stated its reluctance to adopt cryptocurrency as a legal tender, due to its high volatility. “ “The United States of America (USA)
There are certain laws regarding transactions in virtual currency in the US today but there is still no comprehensive legal framework. The Commodity Futures Trading Commission currently regulates virtual currencies as commodities. The CFTC is the first US regulator to allow for public cryptocurrency trading. The Securities and Exchange Commission requires registration of any virtual currency traded in the US if it is classified as a security (e.g. by the Howey test).
The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. Typical of most legislators and regulatory agencies in the US, the Securities and Exchange Commission (SEC) has intensified its focus on the pressing need for comprehensive regulation. And it seems everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and also allow for blockchain and cryptocurrency innovation as well.
If cryptocurrency becomes a form of legal tender in the US, there will likely be stringent laws on its use. However, if cryptocurrency is treated like a security, cryptocurrencies would be regulated under securities law as interpreted by the SEC. Present securities laws place a large number of limitations on who is able to buy securities, how they are traded, and how to ensure transparency in the flow of information relevant to investors. Also note that non-US investors may experience their own difficulties getting a license to trade cryptocurrencies in the country. “ “Japan
Japan has always been one of the most positive and forward-thinking nations regarding cryptocurrencies and the blockchain. Of course, they were cautious at first, and they knew no more than anyone else in government, which means they literally knew nothing. But they took time to research, learn, and develop an approach to regulate the industry without killing it. The official policy is clear: Protect the public interest, but also encourage the growth of the industry with a legal framework that allows for innovation in blockchain and cryptocurrencies.
China
The situation in China is a sad one. The country has been taking increasingly strict actions to discourage and outlaw any activity related to the blockchain industry. China has banned ICOs, frozen all accounts associated with cryptocurrency, stopped bitcoin miners and even ordered a nationwide ban on all forms of cryptocurrency trading.
China has the strictest laws against cryptocurrency. Yet, despite that fact, as of 2017, 50% of the world’s mining population was from China! If you are involved with the cryptocurrency industry it is strongly advised to stay away from China, and avoid transactions with Chinese business because of the unpredictable and negative legal framework.
“ “The United Kingdom & European Union
Brexit is scheduled to take place in March 2019, yet the UK and the EU still remain united in their regulatory attitude toward cryptocurrencies. There are also reports that the UK and EU are planning to end anonymity for cryptocurrency traders.
The UK and EU are both trying to control all the scams and frauds. They are working with cryptocurrency platforms to stop or at least report all suspicious transactions. This adds a degree of regulatory burden on the exchanges as well as increasing the associated compliance costs. Cryptocurrencies are extremely volatile. They are a high-risk investment. Governments across Europe are greatly concerned about the possibility of both retail and sophisticated investors losing a lot of money.
This has led to a situation similar to that in the US. The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. There is an intense focus on the pressing need for comprehensive regulation. And everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and allow for blockchain and cryptocurrency innovation as well. We certainly hope for intelligent and effective legislation from all the major countries. “ “Accommodating & Unaccommodating Countries
Below is a list of countries we have not specifically covered, but they have each taken an active position on a regulatory framework for cryptocurrencies. The following countries are either supportive or at least neutral toward cryptocurrencies:
-Switzerland. -Australia. -Nigeria. -Ghana. -South Africa. -Singapore.
Countries with the most stringent and negative cryptocurrency regulation:
-Venezuela. -South Korea. -India. -Russia.
Did you know?
It is not uncommon to see Bitcoin and other cryptocurrency ATMs throughout Japan.
Exchange robberies and hacks like MtGox, and the recent loss of $530 million NEM coins have led to serious debate in the Japanese government. The industry needs to provide a secure and manageable solution to these problems. Voluntary self-regulation and close cooperation with regulatory authorities is the most favored solution. It seems the regulators are working hard behind the scenes right now leading the industry in the desired direction in typical Japanese fashion. “ “Blockchain Industry Regulations in the USA
Based on the information received from the Columbia Science and Technology Law Review, there was a variety of responses from different government bodies about blockchain regulations. The regulators responses ranged from indifference to suspicion, and to positive expectation and excitement.
The US government has tremendous constitutional power to regulate business and industry, including of course the blockchain industry if it so desires. But basically, the federal government has been relatively indifferent and has even refused to speak on blockchain regulations despite the interest of various federal agencies. As of 2017, eight states in the US were working on bills promoting the use of cryptocurrency and blockchain technologies. It is even reported that a few states have actually begun the final steps before voting and passing legislation into law.
On April 3, 2018 Arizona introduced a law allowing corporations to hold and share data on the blockchain. The governor, Doug Ducey, put forward the legislation after the state began accepting signatures and smart contracts recorded on the blockchain as legally valid documentation. In 2017, Delaware was the first state to pass legislation allowing for shares of stocks to be legally traded on the blockchain.
Other notable developments have occurred in the US at the state or local level. Vermont makes use of blockchain as evidence in trials. Chicago uses blockchain to maintain real estate records. New York is currently evaluating four bills for the application of data storage on the blockchain. “ ” Blockchain Regulations in Europe
The entire European Union has approached blockchain with a positive and welcoming attitude. The EU has taken the position that they want to actively encourage innovation. This philosophy could support the development of cryptocurrencies in two ways:
-Encouraging the exploration of uses testing the impact and effect of the laws in a way that allows for a more finely-tuned and sophisticated understanding for all parties involved.
-Giving entrepreneurs the confidence that their target markets will be more trusting of their solution since they are operating with the explicit legal support of the state.
This approach, along with the EU’s scope as the regulator of 28 different countries, will encourage growth across the entire crypto ecosystem, and may end up transforming Europe into one of the most desirable destinations for blockchain development. Entrepreneurs are likely to move to the EU bloc to access the rich vein of available talent, as well as the positive and supportive laws.
The EU has actually disclosed through its executive arm that it is working on the use of blockchain for distributed ledger based projects. EU officials have constantly stated they are looking for ways to support more innovation with distributed ledger technology. The European Commission said it was “”actively monitoring Blockchain and DLT developments”” and has work in progress to explore “”DLT benefits and challenges as well as fields for application in financial services””.
The official press release stated that the commission clearly wants to “”pilot projects to foster decentralized innovation ecosystems and help reshape interactions between consumers, producers, creators and among citizens, businesses and administrations to the end benefit of society””. “ “Blockchain Regulations in Europe §2
Switzerland has gradually become the favored hub for cryptocurrency and blockchain development in Europe. This position has been enhanced through a Swiss non-profit blockchain and cryptographic technology ecosystem known as the Crypto Valley Association.
The Crypto Valley Association has begun working on the development of an ICO Code of Conduct to take advantage of the ban imposed by China on token crowd sales. They are hoping to capture the Chinese and Asian entrepreneurs searching for a new home.
Other countries are not as accepting of this new DLT technology and have even gone as far as classifying it as illegal and immoral behavior. There have been hyperbolic concerns most notably from China that cryptocurrencies will destabilize world financial markets.
There are various pilot projects and efforts to prove the benefits of cryptocurrencies and the blockchain industry currently being tested all across Europe. Yet even now they are barely scratching the surface of the full potential of the blockchain.
Country-by-Country Cryptocurrency Adoption
Citizens of countries all over the world have varying attitudes about cryptocurrency. These attitudes and sentiments can be very significant to the future adoption of cryptocurrencies because politicians and regulators tend to act in consideration of the collective opinion of the public. Some countries were more accommodating at first but then became stricter, despite positive public interest, basically saying they are still not sure about the possible consequences and benefits of the technology. “ “Country-by-Country Cryptocurrency Adoption
Estonia
Surprisingly enough this small Baltic nation has gained a reputation for being quick to accept technological innovation. Estonia has a tech-friendly government eager to accommodate the innovative use of cryptocurrency in fields ranging from blockchain technology for healthcare and banking services; and even granting citizens the right to become what is known as “e-Residents”.
As e-Residents, Estonian citizens and businesses are provided with digital business authentication. It is also one of the first countries to employ the use of a blockchain-based e-voting service that enabled people to become shareholders of NASDAQ’s Tallinn Stock Exchange.
This fascinating and highly innovative country is now host to a number of Bitcoin ATMs and startups, like Paxful. They are cryptocurrency friendly, and cryptocurrency user friendly as well. Estonia also has highest internet penetration rates in the world.
Estonia may be a fine place to consider basing your ICO due to the friendly legal and regulatory environment.
This and a lot more you can learn on our website: www.ubai.co! “ “Country-by-Country Cryptocurrency Adoption
The United States of America
The USA is the world’s dominant superpower, and it should come as no surprise that it has the highest number of cryptocurrency users in the world. It also has the highest bitcoin trading volume and the highest number of bitcoin ATMs.
Powered by Silicon Valley, which is home to a lot of cryptocurrency and blockchain startups, the US stands at the forefront of all things relating to cryptocurrency worldwide. Many other nations are planning to follow the US lead concerning cryptocurrency regulations. This means the USA will serve as the testing ground for cryptocurrency and crypto-regulation in the years to come. This is likely where the future regulatory framework will take shape.
Bitcoin in particular has shown massive growth in the US. This can only be interpreted as a strong tailwind for a positive regulatory environment because the population at large supports blockchain technology.
For the moment, due to regulatory paralysis and the resultant legal vacuum, ICOs are strongly advised against raising funds or basing operations in the US. The SEC has been particularly strict in its enforcement of securities and investment law which require an ICO to do an oppressive amount of compliance work. “ “Country-by-Country Cryptocurrency Adoption
Denmark
When it comes to technological advancements and the standard of living of its citizens, Denmark is among the world leaders. It is considered one of the most developed countries in the world. It is also at the forefront of countries looking to reduce the use of cash money and advance to the use of 100% digital currency. As such, sentiment among the general public and political sphere actively supports the adoption of cryptocurrencies as a means of payment. The only question left is which particular cryptocurrency system to adopt. It is still unclear whether bitcoin is the one, or BTC will mainly just be accepted as a means of exchange. There are also discussions in Denmark about when to redesign its national financial system; this would be a “world first”, and a radical leap forward for cryptocurrencies.
Another fascinating thing is that the Danish Central Bank has declared BTC as a non-currency; meaning its use is not subject to the country’s currency regulations. Some of the top bitcoin startups and exchanges such as CCDEK have their foundations in Denmark.
With its open market and encouraging regulatory framework, Denmark might very well rival Switzerland in Western Europe for the position of the continent’s preeminent ICO and blockchain industry hub. “ “Country-by-Country Cryptocurrency Adoption
Sweden
Sweden is quite similar to Denmark, for its social and demographic climate, and also for the government’s desire to eliminate cash. The Swedish Riksbank recently introduced negative interest rates. This can cause a spike in the demand for coins in the near future as citizens look for the best way to preserve their wealth. Negative interest rates like we have seen in Europe and Japan also, actively corrode savers’ wealth because people are actually paying a percentage of their savings to the central bank to hold their cash, in addition to losing out to inflation at the same time.
Sweden has taken the boldest step yet in all of continental Europe to legalize cryptocurrency. The country legalized the use of BTC and other cryptocurrencies as a means of payment by official public declaration. It is however expected that exchanges should file for a license in accordance with AML/CTF and KYC regulations.
Sweden is also home to a number of cryptocurrency startups such as the Safello Bitcoin exchange, and Stockholm-based KnCMiner. The gradually increasing trading volume of cryptocurrency has been a good indicator of the country’s appreciating demand for cryptocurrencies. “ “Country-by-Country Cryptocurrency Adoption
The Netherlands
The Netherlands is quite fascinating in its own right. How can a country not be referred to as Bitcoin-friendly when it can boast about having its own “Bitcoin City”? There are over 100 merchants that sell goods that can be purchased with cryptocurrency in Bitcoin City.
There are no regulations restricting the use of BTC in the Netherlands under the Act on Financial Supervision of the Netherlands. This explains why a lot of startups, BTC ATMs, and even a Bitcoin Embassy can be found in the heart of Amsterdam (the capital of Netherlands).
The friendly climate for cryptocurrency has led to a lot of very active bitcoin communities across the nation hosting regular meetups and other events. The country’s banking sector has been looking to incorporate BTC and blockchain to reduce costs and improve banking technology. The Netherlands is also a popular location for many important bitcoin conferences and bitcoin companies such as BitPay.
The Netherlands is increasingly becoming a prominent place for ICOs and blockchain related businesses to base their operations. “ “Country-by-Country Cryptocurrency Adoption
Finland
Well-known as the home of Nokia, Finland has constantly been at the forefront of technological innovation, just like its other Scandinavian neighbors. The Finnish Central Board of Taxes (CBT) has even gone as far as classifying bitcoin as a financial service, exempting it and cryptocurrency purchases from the VAT. What more could be better for Bitcoin?
Finland also boasts a significant number of BTC ATMs despite its small population. The capital of Helsinki alone is reported to have 10 ATMs for BTC. The country is also home to top exchanges such as FinCCX and Bittiraha.fi. As of January 2016, the most expensive bitcoin sale took place in Finland. It involved the sale of a Tesla Model S worth over €140,000 at Auto-Outlet Helsinki Oy.
Canada
Canada is home to a variety of bitcoin startups and ATMs. It is considered to be more favorable toward cryptocurrencies than the USA. The country has two cities on its eastern and western coasts, Toronto and Vancouver, that are recognized as “Bitcoin hubs”.
Canada has a vibrant cryptocurrency community and is home to startups such as Decentral, the Vanbex Group and a large number of merchants who accept cryptocurrencies as payment. Vancouver is known to have over 20 ATMs while Toronto is well-known for holding large cryptocurrency conferences.
There has been constant growth in cryptocurrency trading volume in the country. Canada might be the best location in North America to base an ICO or operate a blockchain business due to its supportive regulatory environment and a rich ecosystem for cryptocurrency, with human talent, ATMs and other tools, etc. “ “Country-by-Country Cryptocurrency Adoption
United Kingdom
The UK is one of the absolute top financial hubs in the world. It is also a center of innovation. There are a large number of bitcoin and blockchain related startups, BTMs and active communities. All of the previously listed crypto-friendly features make the UK a very desirable environment for bitcoin. The UK has identified the inevitable need for a new payment solution and is gradually bracing itself for a widespread adoption of cryptocurrency in the future. There are even a few local pubs that accept BTC as a means of payment.
It is also interesting to note that the Bank of England has been closely monitoring bitcoin technology and has requested ideas from citizens on the improvement of its monetary system. Bitcoin is presently seen as “private money” where VAT is imposed from suppliers of goods and services that accept cryptocurrency as payment. Profits and losses incurred from cryptocurrency trading are also subject to capital gains tax, just as in the US.
In the UK, it has become increasingly clear that BTC can be part of a bigger story, and the trading volume indicates steady growth. There are not clear laws against cryptocurrencies at the present time. But the lack of regulatory momentum suggests we may see more positive developments soon. One thing to keep in mind, while the Brexit is still in progress, the British government may be more likely to legislate on non-core issues. “ “Country-by-Country Cryptocurrency Adoption
Australia
The major banks in Australia have been quite hostile toward bitcoin, but at least the country has removed the burden of “double taxation” on cryptocurrency. This was good news to the local business community because blockchain startups had begun to leave the country as a direct result of unfavorable taxation and closure of bank accounts.
The use of BTC still remains unregulated, there is no law or regulation restricting the use of cryptocurrencies by Australian citizens. Cryptocurrencies are regarded as a form of property in Australia, and purchases with BTC, for example, are referred to as “barter”.
The Australian Securities Exchange (ASX), you will remember, is transitioning its CHESS verification system to a blockchain solution that should go live at the beginning of 2019. Cryptocurrencies in Australia are seen a lot like they are in the US. Topics like the imposition of capital gains tax, concern about securities law, the legal debate about using cryptocurrency as payment for goods and services, etc., are all problematic for regulators. While the general population is quite comfortable and supportive of cryptocurrencies and blockchain solutions, at the present it is not a high priority for the government to legislate or regulate. “ “Taxation and Cryptocurrency
Tax is of course one of the most important factors in financial matters on both a personal and corporate level. Taxes greatly influence investment decisions and returns, regardless of industry or size. It is one of the first things every individual or group considers before investing. Notably, in Australia and the USA, cryptocurrency gains are treated as capital gains and taxed at up to 50% of the return.
Some countries have low cryptocurrency taxes specifically to encourage the blockchain industry. By offering a more competitive tax rate, countries are implicitly supporting cryptocurrency and actively trying to offer a better return profile than other countries. We will discuss the different taxation regimes in a wide range of countries so you can ascertain the financial advantages and disadvantages of a variety of locations.
Belarus
Belarus charges 0% in taxation until 2023. That exemption is specifically for cryptocurrency exchanges and transactions. This has been done to help Belarus build a special economic zone, referred to as ‘HTP Belarus’. Their goal is to have an economic zone strong enough to compete with the likes of Silicon Valley.
The government of Belarus has also declared smart contracts as legal documents. Anyone looking to set up a blockchain company or a cryptocurrency startup should seriously consider Belarus. It has a supportive regulatory and legal environment which actively encourages the blockchain industry and does not impose punitive taxes upon those inside the industry.
“ “Taxation and Cryptocurrency
Portugal
Any and all personal income received from cryptocurrency transactions is tax-free in Portugal at the present moment. Income from cryptocurrency trading is categorized as something legally different from traditional income or capital gains.
The Portuguese government stated clearly that any kind of sale of cryptocurrency does not fall under capital income or capital gain. If an individual is however found to be carrying out professional activity, or any business activity related to cryptocurrencies, that is a different matter and such income will be subject to taxation.
From a personal perspective, Portugal is one of the leading countries where an individual can carry out their cryptocurrency transactions and enjoy a decent standard of living in the same country too. However, for ICO and Blockchain businesses it is not recommended to base your operations in Portugal.
China
China is famous the world over for being home to some of the largest cryptocurrency mines and many active cryptocurrency investors; yet at the same time China makes it illegal to conduct any cryptocurrency related business or investment.
But China still has an especially attractive environment for investors. Hong Kong runs on a policy of zero VAT or capital gains tax so it is easy to recommend you base your business there. Hong Kong also stands out as a major financial hub in the heart of Asia. “ “Taxation and Cryptocurrency
Netherlands
Actually, Netherlands was the first country to make use of a non-zero tax rate policy for cryptocurrencies. So, it may seem reasonable to expect a discouraging tax situation. But the fact is, Netherland’s tax policy is rather advantageous for cryptocurrency. They have a very simple, low-tax regime.
Cryptocurrency assets need to be declared with the total assets owned by an individual at the beginning of the year to assess their value. Cryptocurrency gains will be taxed at the highest tax bracket for capital income of just around 5%. The Netherlands is strongly recommended as a good country to work and live in, from both a personal and corporate perspective.
Germany
Germany is the economic center of the EU. This makes it a great place to start a cryptocurrency or blockchain company. Financial technology has been thriving there for more than ten years, and Germany has favorable cryptocurrency laws too.
Bitcoin and cryptocurrency assets have a 0% tax when used in making payments due to no VAT levied for making payments with BTC, because there is no “value added” through cryptocurrency as a fiscal product.
Germany offers a moderately compelling case for both blockchain business and individuals. While the tax rate on income at the company level is not competitive, the ability to pay for services in crypto as well as hold cryptocurrency assets and sell them at zero percent taxation rate is compelling. “ “Where to Base Your ICO
Let’s talk about the countries that are most accommodating with regard ICOs. Start-up ICO companies, like any company, essentially require three key principles for operation. The first is a sound legal and regulatory framework wherein the rule of law is preserved and business encouraged. The second is the ability to hire or acquire talented individuals to work at the firm. The third and final is the tax system and access to associated financial systems in order to allow the enterprise to succeed.
Estonia
This country is, perhaps surprisingly, widely referred to as the most digital society in the world. Estonians are known to be pathfinders deeply involved in setting up an efficient, secure, and transparent internet ecosystem.
The country ranks first when it comes to the number of ICOs per inhabitant. It has an incredibly supportive tax regime, actually among the most competitive in the world, as well as a deep pool of talent across all areas of the digital spectrum. Estonia offers possibly the most supportive and friendly regulatory and legal framework in the world for an ICO. This, in combination with a zero percent tax rate at both a personal and corporate level, combine to make Estonia one of the single most appealing locations from which you can launch and operate your ICO. “ “Where to Base Your ICO
Singapore
Singapore is another important regional hub in Asia for its strong rule of law as well as low taxation. The country offers one of the highest standards of living in the world. It is centrally located in the heart of Asia, so it easy to travel and recruit talent from surrounding countries. At the present there are not any specific regulations targeting the blockchain industry, but it is one of the world’s largest countries by funds raised for ICOs. It has a competitive tax regime in combination with strict AML and KYC. All of these factors make Singapore Asia’s leading location to launch and base an ICO.
The regulatory situation around the world may seem rather complicated. That is because it is. Laws and regulations are changing rapidly all over the world. And the regulatory framework is the most significant point of concern for a startup ICO. You should carefully study not only the current regulations surrounding your particular venture and how its tokenomics affects its classification, but you also need a reasonable sense of where the country is likely to be six months or a year later. Ideally you would base your ICO in a country that is supportive now, and all timeframes into the future with a competitive and legally sound tax system.
Where to Base Your ICO
Slovenia
Slovenia has recently transformed itself into the leading destination for blockchain technology in Europe. The government of Slovenia has placed a strong emphasis on the study of blockchain technology in public administration, and there has been an amazing success rate for ICOs in Slovenia. While the Slovenian government is a leader in terms of adopting cryptocurrencies, its rate of taxation is still considered quite high at 19%, even though that is still lower than other European countries. ICOs are considered to be normal business activities where you are taxed based on the funds received from an ICO less the expenses of doing business.
Switzerland
Switzerland is trying to remain relevant for the blockchain industry and for ICOs. The Swiss finance ministry is actively trying to attract investors to the country. Switzerland is considered a very important crypto location due to fact it was home to four of the largest ICOs in the world. The country is also very attractive to investors because of its friendly regulations and digital expertise. The taxation and regulatory environment is extremely secure and positive towards the cryptocurrency and blockchain industry in general.
Are there successful ICOs that have originated from the specific countries considered? Read the full article to get the answer! UBAI.co
Learn more about our STO and ICO marketing services right now! Contact me via LinkedIn: LinkedIn
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Bitcoin ATM or Paxful?

Hi all, I'm relatively new to Bitcoin, but have had a wallet for a while now. I just got a dollar worth before the huge spike and would like to buy some more coin to hold on to. Should I use my local bitcoin ATM (which, for some reason, needed my state ID) or Paxful? The ATMs are run by Red Leaf Chicago.
Anything else I should know?
Thanks!
submitted by im999fine to Bitcoin [link] [comments]

4/23/14 - Bitcoin into space, Atlas ATS pushes forward, & Dorian Nakamoto says thank you

Video: http://www.moneyandtech.com/apr23-news-update/
Here are today's top news stories in Money & Tech:
The blockchain is headed for space. Jeff Garzik’s Dunvegan Space Systems is partnering with Deep Space Industries to build satellites called ‘BitSats’ that will be launched into space as a backup bitcoin orbital system. From orbit, these BitSats will be able to broadcast out transaction data from the blockchain to any users with a downlink. Garzik made the first payment to Deep Space Industries via BitPay, where he is also a senior software developer, and is now accepting bitcoin donations to help complete the project.
Bitcoin trading platform Atlas ATS has formed a partnership with The National Stock Exchange to speed up regulatory approval. By partnering with this self-regulatory organization, Atlas ATS hopes to bypass FinCEN's money-transmitting license in favor of SEC-approved rules that are more tailored to digital currency exchanges. Kraken and CoinMKT are also taking this route, as several exchanges race to become the first fully regulated digital currency exchange.
Nine state banking officials from the US Conference of State Bank Supervisors (CSBS), including New York Superintendent Ben Lawsky, have launched the Emerging Payments Task Force. The new task force plans to investigate bitcoin and other virtual currencies in the hopes of developing state regulation best practices, as well as more educational resources. The discussion will begin with a public hearing on May 16th in Chicago.
With the reluctance of Irish banks to accept bitcoin, ATM provider BitVendo and safe deposit box facility Merrion Vaults have partnered to provide cold storage to BitVendo's local cryptocurrency users. The service allows users to store their bitcoins safely in Merrion Vaults' high quality and secure safe deposit vault in Dublin.
Butterfly Labs has been on rocky ground since this month's lawsuit against the bitcoin mining hardware company, accusing it of collecting payments for false orders and using customer equipment for their own mining. This recent lawsuit is only the latest accusation of fraud against the Kansas-based company. What's more, co-founder Sonny Vleisides has been found in violation of his probation since pleading guilty to one count of mail fraud in 2010, which will likely extend his probation another two years.
Dorian Nakamoto, the man famously falsely identified as bitcoin's creator, has filmed a YouTube video with Andreas Antonopoulos to thank the bitcoin community for its support. Antonopoulos led a fundraising campaign for Nakamoto that raised over 47 bitcoins - worth nearly $23,000 dollars - in a new bitcoin wallet that Nakamoto says he will keep open as a new bitcoin user. Watch that YouTube video at https://www.youtube.com/watch?v=w7YmJZ-qVW8.
Bitcoin documentary The Rise and Rise of Bitcoin premieres today at the Tribeca Film Festival in New York City. Money & Tech will be attending the screening, as well as the film’s after-party hosted by Charlie Shrem. We will be bringing you video coverage and interviews from that event soon.
We will also be attending the next major digital currency event this Friday, Dogecon SF, which will be San Francisco's first dogecoin conference. The event is hosted by Follow The Coin, and will feature prominent industry speakers such as litecoin creator Charlie Lee, industry expert Andreas Antonopoulos, and of course, Dogecoin's own creator, Jackson Palmer. We sat down with Tina Hui and Matt Schlicht from Follow The Coin to talk about what we can look forward to at Dogecon SF. Find that interview here: http://moneyandtech.com/follow-the-coin-dogecon-sf/
submitted by moneyandtech to BitcoinMarkets [link] [comments]

4/16/14 Video News - Nick Szabo as Satoshi, Mt. Gox liquidates, ATMs in Brazil & China

Video: http://www.moneyandtech.com/apr16-news-update/
Today's top news stories for you in Money & Tech:
The mysterious Satoshi Nakamoto has been found… again. A group of forensic linguistics experts at Aston University lead by Dr. Jack Grieve have analyzed the original Bitcoin whitepaper, comparing it to the writing of 11 individuals previously thought to be Satoshi Nakamoto. Their conclusion: former law professor Nick Szabo is the primary author of the whitepaper and therefore the probable creator, or one of the creators, of bitcoin. As Dr. Grieve put it, “The number of linguistic similarities between Szabo’s writing and the bitcoin whitepaper is uncanny... though we can’t rule out the possibility that others contributed.""
The Tokyo District Court today dismissed Mt. Gox's proposal for a civil rehabilitation proceeding, despite the recent offer from a group of industry investors to purchase and resurrect the company for the price of one Bitcoin. Instead today, Mt. Gox filed for liquidation in Tokyo court, which the exchange admitted “will create great inconvenience and concerns to our creditors for which we apologize.”
At the same time, Gox CEO Mark Karpeles has filed an emergency motion to push back his US court appearance until May 5th, which could threaten the continuation of Karpeles' US bankruptcy protections, and provide US class action lawsuit attorneys the time to do more research and build their case.
The President of the U.S. Federal Reserve Bank of Minneapolis expressed interest in digital currency at a town hall at North Dakota State University on Tuesday, saying its main interest lies in its ability for speedy payments between individuals, ”as opposed to a new currency that’s going to drive the U.S. dollar out of circulation.” This statement comes days after an economist at the Federal Reserve Bank of Chicago acknowledged that bitcoin is a “remarkable technical achievement”, and VP at the St. Louis Fed called bitcoin “a stroke of genius“.
Latin America's first bitcoin ATM landed in Brazil on Monday, at a Sao Paulo bar already accepting Bitcoin, and blocks away from international offices of Facebook, Google, J.P. Morgan and Goldman Sachs. The new Lamassu machine allows locals to convert their Brazilian Real into Bitcoin, and offers businesses like the Sao Paulo bar an option to operate without the high transactions fees typical of local banks.
In China, BTC China has installed the country's first bitcoin ATM machine as promised, located in a cafe at a mall in Shanghai, allowing people to physically change Chinese yuan into Bitcoin for the first time.
The Bitcoin Foundation and Blockchain.info have co-created the first annual Blockchain Awards to celebrate innovation and excellence in the Bitcoin community. The awards ceremony will be held in Amsterdam on May 16th at the Bitcoin 2014 conference. Nominations will be accepted today through May 6th for categories such as, Most Impactful Charity, Best ATM Design, and Bitcoin Champion.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference. We’ll be bringing you her interviews with notable industry figures this week, starting today with Blockchain.info CEO Nicholas Cary and Cryptsy CEO Paul Vernon, available here shortly.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

CoinFlip ATMs are now serving the ISU community

This is the best tl;dr I could make, original reduced by 30%. (I'm a bot)
An emerging form of digital currency is being introduced to local residents following the installation of Bloomington-Normal's first bitcoin ATM. The ATM transforms cash into a digital currency called bitcoins.
Daniel Polotsky, whose team runs the ATM in Normal, called the cryptocurrency "Digital gold." Polotsky and his company CoinFlip unveiled the new machine on Aug. 25.
Polotsky said his choice to put an ATM in Bloomington-Normal has to do with expanding the company's reach beyond large cities.
"I chose Bloomington-Normal because a lot of the small towns in the bitcoin industry are underserved," Polotsky said.
"You have like 40 bitcoin ATMs in Chicago, and barely any in Southern Illinois. And just in general, Bloomington-Normal is a college town. People who are using bitcoin tend to be in a younger demographic, so ISU is great for that. It's great to introduce bitcoin to students."
"I think that using a familiar model, which is an ATM, to help the average consumer get their cash purchase and turn it into bitcoin is important," Polotsky said.
Summary Source | FAQ | Feedback | Top keywords: ATM#1 bitcoin#2 Polotsky#3 Bloomington-Normal#4 digital#5
Post found in /Bitcoin and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

4/28/14 Video News - Silk Road's Slomp, Amsterdam ATM, Ohio BTC booze ban & bitcoin on Yelp

Video: http://moneyandtech.com/apr28-news-update/
Start off your week with today's top news stories in Money & Tech:
Prolific Silk Road vendor Cornelis Jan Slomp, or “SuperTrips” as he's known to his customers, plead guilty to federal charges of conspiracy to import and distribute various controlled substances, including 104 kilograms of MDMA, and substantial quantities of cocaine, LSD, marijuana, methamphetamine, ketamine, and Xanax. Slomp had allegedly been importing envelopes containing these substances through the Chicago O’Hare International Airport, where an undercover investigation caught up with him. Slomp will be tried in the Federal Court in Chicago, where he faces a mandatory minimum of 5yrs and a maximum of 40yrs in prison with a $5 million fine.
Already becoming a bitcoin-friendly city, Amsterdam now has a bitcoin ATM. The new BTC-O-MATIC machine has been installed at coffee shop Courtyard of Wise, near the Amsterdam Central station, and will be operating this Wednesday during the Dutch Ethereum & Bitcoin Meetup. The machine has also arrived in time for the Bitcoin Conference 2014 coming up in May.
BitcoinWebHosting.net has partnered with Sucuri Security to offer website protection and malware removal for bitcoin. Now Bitcoin Web Hosting customers can opt-in to Sucuri's website security suite, which includes protection from DDoS attacks, out-of-date software, malware distribution and website blacklisting. As Sucuri COO Tony Perez puts it, ""It's our mission to protect every website on the Internet, and [this] is a step in that direction.""
In response to the local Bitcoin Boulevard project in Cleveland’s Cedar & Lee district, Ohio has effectively banned the use of bitcoin for alcohol sales. The state’s Liquor Control Law indicates that payment for alcohol in Ohio with anything other than US currency is prohibited, which includes bitcoin, since it has not been recognized as a currency. Maryland and Nevada have also both issued new advisory warnings on bitcoin, similarly encouraging consumers to ‘do their homework’ and familiarise themselves with the risks of digital currencies.
In the wake of China's renewed vow to cut bitcoin funding, leading bitcoin exchange BTC China has finally been forced to cease customer deposits with the China Merchants Bank. However, CEO Bobby Lee does not expect this closure will have a substantial impact on their business, given that BTC China customers can still use accounts with other financial institutions, including the Bank of China.
Despite the growing uncertainty, China will host its first Bitcoin conference, The Global Bitcoin Summit 2014, which will be held at the China National Convention Center in Beijing on May 10th to 11th. The event hopes to attract top notch experts, economists, investors, lawyers, and even government agencies, to help shed light on future bitcoin trends in China and abroad and help attendees build a bridge for better communications and continued growth.
Bitcoin incubator Boost VC hosted a bitcoin hackathon this past weekend. First place was awarded to bitcoin startup Coinviz, which boasts the ability to easily visualize block chain transactions and information. Second place went to bitcoin derivatives platform Coindash, which helps bitcoin investors hedge their investments for reduced volatility risk. And third place went to betting platform Bitbook.ie.
Yelp appears to have added a new category allowing business owners to specify whether or not they accept bitcoin, under the 'More business info' section on its Yelp page. For bitcoin enthusiasts eager to transact in the cryptocurrency wherever possible, this added feature makes finding local businesses much easier.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

COIN OUTLET ACCESSES 100,000 U.S. LOCATIONS FOR BITCOIN ATMS - BTC TOAST

Coin Outlet 100,000 Locations COIN OUTLET ACCESSES 100,000 U.S. LOCATIONS FOR BITCOIN ATMS Services/Tech BTCTOAST.COM SPECIAL ANNOUNCEMENT I would first like to congratulate Mr. Eric "Nakamoto" Grill, for all of the work he has done to create a world of bitcoin acceptance, but more importantly, for being a solid supporter of BTCtoast.com and the BIG (Bitcoin Investment Group). When he first came to me with his stories of global Bitcoin domination via ATM's I have to say I was in awe. I have mainly been a web designer and developer with a few ragged mining rigs and a terrible track record for investing in awful projects. It wasn't until I really got to understand what Coin Outlet was and what they were going to achieve, that I took a look at myself and decided to do what I do best, and that's to create websites for crypto services and blog about that successes of my BIG partners and friends of the blockchain. Coin Outlet was one of my first stories to break and it's been one of the biggest for me to cover as it grows at an astronomical rate. I have been there every step of the way documenting their success and believing in the power of bitcoin as a universal currency as well as a bond between amazing business partners I would have never met in the "real" world. That being said, Coin Outlet is forging the future of Bitcoins as a recogninzed and easy to use form of secure trade. Without further adieu, I present to you the biggest Coin Outlet news as of yet.
PRESS RELEASE BURLINGTON, NC– SEPTMEBER 29, 2014 Coin Outlet, with the assistance of Bitcoin Shop, signs partnership with Locant to launch world’s largest Bitcoin ‘ATM’ network.
“The partnership with Locant allows us to drive Bitcoin and digital currency adoption through a systematic roll out of ATMs across key cities from coast to coast. Our partnership encompasses the perfect collaboration of resources, technology, and prime locations.” Eric further commented “I want to thank Charles Allen, the CEO of Bitcoin Shop for his advice, guidance and support in consummating this partnership.” Coin Outlet Inc., a rapidly growing startup who manufactures and plans to operate AML / KYC compliant digital currency ATM’s, announced today that it has partnered with Locant Services to establish and operate what may be the largest Bitcoin ‘ATM’ kiosk network in the world. Coin Outlet is striving to generate a series of unique partnerships that will lay the foundation for the Bitcoin ecosystem to gain mainstream integration.
Locant’s exclusive nationwide network of over 100,000 prime locations provides the ideal infrastructure for this partnership and launch. With such widespread coverage and visibility, we collectively believe Bitcoin and the digital economy will become truly accessible to anyone. We believe it will not only move Bitcoin further into the mainstream of commerce, but also educate the general public on the advantages of digital currency.
Coin Outlet CEO Eric Grill explains “The partnership with Locant allows us to drive Bitcoin and digital currency adoption through a systematic roll out of ATMs across key cities from coast to coast. Our partnership encompasses the perfect collaboration of resources, technology, and prime locations.” Eric further commented “I want to thank Charles Allen, the CEO of Bitcoin Shop for his advice, guidance and support in consummating this partnership.”
Bill Bing, President of Locant Services says he is excited to partner with Coin Outlet “based on their best-in-class hardware and regulatory acumen. We look forward to assisting with the deployment of Bitcoin Kiosk machines by leveraging our portfolio of approximately 100,000 prime locations nationwide."
Initially, Coin Outlet Kiosks will be located in Los Angeles, Chicago, Dallas, Boston, San Diego, Berkeley, before spreading across an expansive nationwide network. The first 30 kiosks are anticipated to be installed in the U.S. by the end of this year.
Charles Allen CEO of Bitcoin Shop Inc. (OTCQB: BTCS) stated “I’m thrilled I could provide strategic guidance and assistance to Coin Outlet with this paramount transaction, and believe the Locant and Coin Outlet partnership should allow Coin Outlet Kiosks to be installed at popular public locations - creating an extensive Bitcoin Kiosk network.”
ABOUT COIN OUTLET: Coin Outlet is a rapidly growing startup that manufactures AML / KYC compliant Bitcoin Kiosks (similar to an ATM) with two-way transaction via a recycler and secure fulfillment services with bank grade security. It provides a convenient means for the general public to safely buy and sell bitcoins with cash. More information about Coin Outlet can be found at the company’s website here: www.coinoutletatm.com
ABOUT LOCANT: Locant Services holds exclusive rights to locate wireless equipment and offer wireless services at over 100,000 high traffic, plug-and-play locations across the United States. More information about Local Services can be found at the company’s website here: www.locant.com
CONTACT: Belinda Too Coin Outlet Inc.
Branding & Communications Director, [email protected]
HOME www.coinoutletatm.com
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4/23/14 - Bitcoin into space, Atlas ATS pushes forward, & Dorian Nakamoto says thank you

Video: http://moneyandtech.com/apr23-news-update/
Here are today's top news stories in Money & Tech:
The blockchain is headed for space. Jeff Garzik’s Dunvegan Space Systems is partnering with Deep Space Industries to build satellites called ‘BitSats’ that will be launched into space as a backup bitcoin orbital system. From orbit, these BitSats will be able to broadcast out transaction data from the blockchain to any users with a downlink. Garzik made the first payment to Deep Space Industries via BitPay, where he is also a senior software developer, and is now accepting bitcoin donations to help complete the project.
Bitcoin trading platform Atlas ATS has formed a partnership with The National Stock Exchange to speed up regulatory approval. By partnering with this self-regulatory organization, Atlas ATS hopes to bypass FinCEN's money-transmitting license in favor of SEC-approved rules that are more tailored to digital currency exchanges. Kraken and CoinMKT are also taking this route, as several exchanges race to become the first fully regulated digital currency exchange.
Nine state banking officials from the US Conference of State Bank Supervisors (CSBS), including New York Superintendent Ben Lawsky, have launched the Emerging Payments Task Force. The new task force plans to investigate bitcoin and other virtual currencies in the hopes of developing state regulation best practices, as well as more educational resources. The discussion will begin with a public hearing on May 16th in Chicago.
With the reluctance of Irish banks to accept bitcoin, ATM provider BitVendo and safe deposit box facility Merrion Vaults have partnered to provide cold storage to BitVendo's local cryptocurrency users. The service allows users to store their bitcoins safely in Merrion Vaults' high quality and secure safe deposit vault in Dublin.
Butterfly Labs has been on rocky ground since this month's lawsuit against the bitcoin mining hardware company, accusing it of collecting payments for false orders and using customer equipment for their own mining. This recent lawsuit is only the latest accusation of fraud against the Kansas-based company. What's more, co-founder Sonny Vleisides has been found in violation of his probation since pleading guilty to one count of mail fraud in 2010, which will likely extend his probation another two years.
Dorian Nakamoto, the man famously falsely identified as bitcoin's creator, has filmed a YouTube video with Andreas Antonopoulos to thank the bitcoin community for its support. Antonopoulos led a fundraising campaign for Nakamoto that raised over 47 bitcoins - worth nearly $23,000 dollars - in a new bitcoin wallet that Nakamoto says he will keep open as a new bitcoin user. Watch that YouTube video at https://www.youtube.com/watch?v=w7YmJZ-qVW8.
Bitcoin documentary The Rise and Rise of Bitcoin premieres today at the Tribeca Film Festival in New York City. Money & Tech will be attending the screening, as well as the film’s after-party hosted by Charlie Shrem. We will be bringing you video coverage and interviews from that event soon.
We will also be attending the next major digital currency event this Friday, Dogecon SF, which will be San Francisco's first dogecoin conference. The event is hosted by Follow The Coin, and will feature prominent industry speakers such as litecoin creator Charlie Lee, industry expert Andreas Antonopoulos, and of course, Dogecoin's own creator, Jackson Palmer. We sat down with Tina Hui and Matt Schlicht from Follow The Coin to talk about what we can look forward to at Dogecon SF.
Find that interview and more videos on the Money & Tech website at http://moneyandtech.com/apr23-news-update/
submitted by alwaysahn to Bitcoin [link] [comments]

4/16/14 Video News - Nick Szabo as Satoshi, Mt. Gox liquidates, ATMs in Brazil & China

Video: http://www.moneyandtech.com/apr16-news-update/
Today's top news stories for you in Money & Tech:
The mysterious Satoshi Nakamoto has been found… again. A group of forensic linguistics experts at Aston University lead by Dr. Jack Grieve have analyzed the original Bitcoin whitepaper, comparing it to the writing of 11 individuals previously thought to be Satoshi Nakamoto. Their conclusion: former law professor Nick Szabo is the primary author of the whitepaper and therefore the probable creator, or one of the creators, of bitcoin. As Dr. Grieve put it, “The number of linguistic similarities between Szabo’s writing and the bitcoin whitepaper is uncanny... though we can’t rule out the possibility that others contributed.""
The Tokyo District Court today dismissed Mt. Gox's proposal for a civil rehabilitation proceeding, despite the recent offer from a group of industry investors to purchase and resurrect the company for the price of one Bitcoin. Instead today, Mt. Gox filed for liquidation in Tokyo court, which the exchange admitted “will create great inconvenience and concerns to our creditors for which we apologize.”
At the same time, Gox CEO Mark Karpeles has filed an emergency motion to push back his US court appearance until May 5th, which could threaten the continuation of Karpeles' US bankruptcy protections, and provide US class action lawsuit attorneys the time to do more research and build their case.
The President of the U.S. Federal Reserve Bank of Minneapolis expressed interest in digital currency at a town hall at North Dakota State University on Tuesday, saying its main interest lies in its ability for speedy payments between individuals, ”as opposed to a new currency that’s going to drive the U.S. dollar out of circulation.” This statement comes days after an economist at the Federal Reserve Bank of Chicago acknowledged that bitcoin is a “remarkable technical achievement”, and VP at the St. Louis Fed called bitcoin “a stroke of genius“.
Latin America's first bitcoin ATM landed in Brazil on Monday, at a Sao Paulo bar already accepting Bitcoin, and blocks away from international offices of Facebook, Google, J.P. Morgan and Goldman Sachs. The new Lamassu machine allows locals to convert their Brazilian Real into Bitcoin, and offers businesses like the Sao Paulo bar an option to operate without the high transactions fees typical of local banks.
In China, BTC China has installed the country's first bitcoin ATM machine as promised, located in a cafe at a mall in Shanghai, allowing people to physically change Chinese yuan into Bitcoin for the first time.
The Bitcoin Foundation and Blockchain.info have co-created the first annual Blockchain Awards to celebrate innovation and excellence in the Bitcoin community. The awards ceremony will be held in Amsterdam on May 16th at the Bitcoin 2014 conference. Nominations will be accepted today through May 6th for categories such as, Most Impactful Charity, Best ATM Design, and Bitcoin Champion.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference. We’ll be bringing you her interviews with notable industry figures this week, starting today with Blockchain.info CEO Nicholas Cary and Cryptsy CEO Paul Vernon, available here shortly.
submitted by moneyandtech to Bitcoin [link] [comments]

First time i Use a Bitcoin ATM 🤑 - YouTube Local Bitcoin ATM Company Thriving Despite Price Of Coin ... Bitcoin ATMs - How To Use Them - YouTube Bitcoin ATM Tuotorial - YouTube How withdrawal Bitcoin at ATM

Bitcoin Atm Locations Can't find your location? Wire Transfers. Easy & Hassle-Free. Wire transfer require no in-store payment. Fast. It takes less than one minute to register. Start Wire Transfer purchase . Bitcoin ATM. Tablet Locations. Search for ZIP code, City or State. Bitcoin ATM. 7-Eleven Store-3rd street 3672 3rd Street, Los Angeles, CA, 90020 24 Hours daily Directions Details. Bitcoin ... Visit one of our Bitcoin ATM locations to instantly buy and sell Bitcoin, Litecoin or Ethereum with cash. Find your nearest bitcoin ATM location in Chicago, Atlanta, Los Angeles, Miami, Indianapolis, Fort Lauderdale, Aurora, Milwaukee, and other locations. Buy and sell Bitcoin, Litecoin, Ethereum using cash instantly at our ATM locations in Chicago, Atlanta, Los Angeles, Miami, Indianapolis, Fort Lauderdale, Aurora ... RockitCoin has helped to create the most trusted brand when it comes to Bitcoin kiosks. Our company distributes, operates places and sells Bitcoin kiosks. Visit one of our Indianapolis, IN one-way Bitcoin kiosk ATM locations to instantly buy and sell Bitcoin. Bitcoin of America has local BTC locations in the same places you would usually find a cash ATM. We are adding new locations every month as cryptocurrency becomes more widespread; check our website for an updated list of Bitcoin locations in Chicago, IL. Bitcoin of America is the best place to buy Bitcoin both online and locally. Find Chicago bitcoin ATM locations near you. Easily locate a ...

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First time i Use a Bitcoin ATM 🤑 - YouTube

HOST BANCOMAT BITCOIN ATM MILANO: CryptoLocalATM C/O Empire Coffee Corso Porta Romana 123 20122 Milano PORTAMI QUI CON MAPS: https://maps.google.com/ma... https://coinatmradar.com Bitcoin Lottery: www.lottoland.co.uk/raf-invite/bnI6OTUzMDY3OCxpbnZpdGF0aW9uSWQ6LHR5cGU6RElSRUNUX0xJTks= If you want to join my tele... Presentation by Gil Valentine from Athena Bitcoin at the Chicago Bitcoin and Open Blockchain Meetup March 23, 2017 https://www.meetup.com/Bitcoin-Open-Blockc... Peace Family this is another video from the Chicago crypto hustler showing you how to create an account at a BTC ATM and convert your USD (United States Doll... MY ALL-ENCOMPASSING GUIDE TO GETTING STARTED WITH BITCOIN: https://www.btcsessions.ca/post/how-to-buy-sell-and-use-bitcoin-in-canada Today I check out anothe...

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