CryptoCoinsInfoClub.com

Bitcoin Europe

Japanese Bitcoin Exchange Bitflyer Comes To Europe

Japanese Bitcoin Exchange Bitflyer Comes To Europe

Japanese bitcoin exchange BitFlyer comes to Europe Japanese bitcoin and cryptocurrency exchange BitFlyer has expanded into Europe after it landed a payment license to operate across the EU. Data from Coinmarketcap.com shows that BitFlyer is the worlds 14th largest exchange based on volume, with more than $294 million trading in the last 24 hours at the time of writing. Bitcoin is the dominant choice for BitFlyer users, having accounted for $287 million of that 24-hour trading. Thats around the same amount traded on Coinbase. Unlike some exchanges which offer a gamut of altcoins, BitFlyer has stuck to mainstream crypto by offering its users the chance to buy Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and popular Japanese option Monacoin. Initially, it plans to stick to Bitcoin in Europe which it will trade with Euros but the company said it intends to offer other virtual currencies such as Litecoin, Ethereum, Ethereum Classic and Bitcoin Cash later in the year. The exchanges European presence will be anchored in Luxembourg, which is where it was granted its payment license. Japan is one of the worlds crypto trading hubs, alongside Korea and of course the U.S., but those in the industrysay Europe has potential to grow significantly.Binance CEO Zhao Changpeng told TechCrunch in a recent interview that Italy, France, Germany, the UK and Turkey are among his exchanges fastest rising markets. BitFlyer will hope its early landing can give it an important advantage over the competition that will doubtless follow its path to Europe. Disclosure: The author owns small amounts of cryptocurrency. Continue reading >>

Here's When Europe's New Bitcoin Rules Will Come Into Effect

Here's When Europe's New Bitcoin Rules Will Come Into Effect

Here's When Europe's New Bitcoin Rules Will Come Into Effect Theres been a flurry of reports in the last day about the U.K. cracking down on bitcoin , with some claiming that the news was responsible for a tumble in the famously volatile cryptocurrencys valuethe value of one bitcoin was nearing $12,000 but is now down to around $11,350. So whats actually happened thats new? The answer is: not a lot. But that doesnt mean there arent changes coming. The British government actually announced more than two-and-a-half years ago that it intended to extend anti-money laundering (AML) rules to cover cryptocurrency exchangesa move that is apparently surprising and worrying some people now, but that was at the time described as a legitimizing stamp of approval for bitcoin. But the really big change is the amendment of the European Unions rules on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. The European Commission proposed this in July last year and (as is the way with the EU) the amendment is slowly crawling through the legislative process. The news is that the media suddenly picked up on an answer given in the British Parliament a full month ago, in which Treasury economic secretary Stephen Barclay said the U.K. government is negotiating the amendment (as are all governments of EU member states) and the Treasury expects the negotiations to conclude in late 2017 or early 2018. A Commission official told Fortune on Monday that the final trilogue negotiation on the amendment will take place next week (trilogues are the behind-closed-doors talks between member states and the European Parliament that essentially wrap up new legislation). Everybody agrees on this aspect of the amendment, the official said, so it will Continue reading >>

Subscribe To Read

Subscribe To Read

Subscribe to the FT to read: Financial Times Japan bitcoin bourse group stages Europe expansion Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Choose the subscription that is right for you Not sure which package to choose? Try full access for 4 weeks For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Purchase a Standard Digital subscription. Be informed with the essential news and opinion MyFT track the topics most important to you FT Weekend full access to the weekend content Mobile & Tablet Apps download to read on the go Gift Article share up to 10 articles a month with family, friends and colleagues All the essentials plus deeper insights and analysis In-depth analysis on trade, emerging markets, M&A, investing and more ePaper a digital replica of the newspaper Gift Article share up to 20 articles a month with family, friends and colleagues Purchase a Premium Digital + Newspaper subscription. FT Newspaper delivered daily plus unlimited digital access Continue reading >>

Bitcoin Is Gaining Legitimacy In Europe As Dutch Court Deems It Transferable Value

Bitcoin Is Gaining Legitimacy In Europe As Dutch Court Deems It Transferable Value

Bitcoin is Gaining Legitimacy in Europe as Dutch Court Deems it Transferable Value Join our community of 10 000 traders on Hacked.com for just $39 per month. Earlier this week, a Dutch court described bitcoin as a transferable value during a case that requested Koinz Trading BV to pay mining proceeds worth $5,000, or 0.591. The court explicitly stated that property rights apply to bitcoin, given that as a cryptocurrency, it is able to transfer value in a peer-to-peer manner. The court went on to note that the cryptocurrency is a legitimate transferable value. Bitcoin exists, according to the court, from a unique, digitally encrypted series of numbers and letters stored on the hard drive of the right-holders computer. Bitcoin is delivered by sending bitcoins from one wallet to another wallet. Bitcoins are stand-alone value files, which are delivered directly to the payee by the payer in the event of a payment. It follows that a Bitcoin represents a value and is transferable. In the courts view, it thus shows characteristics of a property right. A claim for payment in Bitcoin is therefore to be regarded as a claim that qualifies for verification, the court document translated by Cointelegraph read. In the US, cryptocurrencies are considered as commodities, at least by the US Commodities and Futures Trading Commission (CFTC). In Japan, the government acknowledged cryptocurrencies as a legal currency, allowing citizens and businesses to utilize cryptocurrencies to send and receive money. In the Philippines, cryptocurrencies are seen as a remittance method, that provides an efficient method for transaction settlement. Generally, while cryptocurrencies as a whole are considered as different types of assets or money, they are considered legitimate by most governments. The Dut Continue reading >>

Bitflyer Bitcoin And Ethereum Cryptocurrency Exchange Coming To Europe | Metro News

Bitflyer Bitcoin And Ethereum Cryptocurrency Exchange Coming To Europe | Metro News

Worlds largest Bitcoin and Ethereum exchange BitFlyer is coming toEurope Jasper Hamill Tuesday 23 Jan 2018 9:10 am Share this article with Facebook Share this article with Twitter Share this article with Google Plus Share this article through email Share this article with Whatsapp Share this article through Europe has given the green light to a Bitcoin exchange which handles 25 percent of the worlds cryptocurrency transactions The worlds largest Bitcoin exchange is coming to Europe after winning the right to legally buy and sell cryptocurrencies. BitFlyer, a Japanese firm based in Tokyo, has been awarded a payment institution (PI) licence for the European Union . It has already been given permission to operate in the US and Japan. BitFlyer handles about a quarter of the globes Bitcoin exchange volumes, with more than 250 billion US dollars worth of Bitcoin being traded on its platform last year. Despite the hysteria surrounding the virtual currency, Bitcoin has endured a choppy ride since the end of 2017. It has fallen from December highs of nearly 20,000 US dollars (14,465) to 10,624.42 US dollars (7,629) on January 22, according to Coindesk data. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Yuzo Kano, founder and chief executive of bitFlyer, said: When I set up bitFlyer in 2014, I did so with global ambitions and the belief that approved regulatory status is fundamental to the long-term future of Bitcoin and the virtual currency industry. I am proud that we are now the most compliant virtual currency exchange in the world; this coveted regulatory status gives our customers, our company and the virtual currency industry as a whole a very positive future outlook. BitFlyer is the only exchange licensed in Continue reading >>

Bitcoin Price: Eu Set To Create New Regulations That Could Cause Cryptocurrency To Crash | City & Business | Finance | Express.co.uk

Bitcoin Price: Eu Set To Create New Regulations That Could Cause Cryptocurrency To Crash | City & Business | Finance | Express.co.uk

Bitcoin price tumbled below $9,700 amid fears of a regulatory crackdown in South Korea prompted a massive cryptocurrency sell-off. The Luxembourgish minister hinted the European Union could follow suit to ensure bitcoin and other cryptocurrencies do not become a mean for criminals to launder money. He said: "The dangers of anti-money laundering are known, there are other issues at stake. "Europe will probably handle it together because, obviously, its something that touches upon the single European market so it has to be done at European level." Bitcoin, Ripple, ethereum and other cryptocurrencies have continued to fall throughout January 17 after uncertainty over crypto trading in South Korea triggered a panic sell-off of the virtual currencies on Tuesday. Bitcoin price: A regulatory crackdown in Asia caused cryptocurrencies to crash Bitcoins BTC token plunged more than $1,000 (725.90) between 7.14am and 8.34am on January 16 and has since hit rock bottom today at $9,650.34 (6,992.83) around 2.57pm its lowest price since the November 2017. But Mr Gramegna said countries around the world will further strengthen their regulatory systems to ensure cryptocurrencies are not exploited for criminal purposes. Speaking to Bloomberg , he said: "Virtual currencies are there to stay. They bring added services, they are convenient, they are more simple and so consumers love them. "I think the regulators and the countries will have to monitor it and to regulate it to a certain extent. Certainly, more than its the case now." Cryptocurrencies were off to a pretty volatile start this year, but reports of South Korean regulators cracking down on exchanges shook the entire digital currency market. Earlier on Tuesday, Finance Minister Kim Dong-yeon reiterated that a ban on crypto trading Continue reading >>

What Is Bitcoin?

What Is Bitcoin?

Bitcoin has been labelled a virtual currency. But what actually is it and what does it mean for real currencies? Essentially, it is a digital token that can be exchanged electronically. It does not exist in physical form. Bitcoins are created and kept track of by a network of computers using complex mathematical formulas, rather than by a single authority or organisation. So virtual, yes, but currency, no. Why not? Bitcoin it is not issued by a central public authority. When you hold a 10 note, for example, the ECB guarantees your right to pay with it anywhere in the euro area. No one ensures your right to use bitcoin or works to keep its value stable. It is not a generally accepted form of payment If bitcoin were a currency, you could expect to be able to use it widely. But, in fact, there are very few places where you can pay with bitcoin. And where you can, transactions are slow and expensive. It is possible for hackers to steal bitcoin. If this happens, you have no legal protection. A currency should be a reliable store of value so that you can be sure that the money you have will buy more or less the same amount of things today as it will tomorrow or this time next year. Bitcoin is not stable. Its value has both skyrocketed and tumbled dramatically all within the space of a few days. Bitcoin is a speculative asset. In other words, it is something that you can gamble on to make a profit, but with a risk that you will lose your investment. It is not the ECBs responsibility to ban or regulate bitcoin or other cryptocurrencies. But, given the lack of consumer protection, it is important to exercise caution. Continue reading >>

Why Berlin Remains The Bitcoin Capital Of Europe In 2018

Why Berlin Remains The Bitcoin Capital Of Europe In 2018

Why Berlin remains the Bitcoin capital of Europe in 2018 When it comes to spending the digital currency Bitcoin, it seems Berliners have been on trend longer than the rest of Europe. The German capital was first dubbed the Bitcoin Capital of Europe by the Guardian in 2013 and since then a number of other businesses have been keen to accept cryptocurrency as a form of payment. Nowadays people can buy an apartment, book holidays, eat and drink in a number of trendy bars and even pay for further education using the controversial cryptocurrency Bitcoin. There are a number of appealing factors which make Bitcoin an attractive form of payment. One of them is the blockchaintechnology behind the cryptocurrency. This means Bitcoin is managed by its network and not by one central authority. Be warned - Bitcoin investing is not for the faint-hearted! This year Bitcoin price has been falling as concerns grow that governments will crack down on the industry. Currently Bitcoin is trading at $10,600 after hitting almost $20,000 in December. ESMT encourages Blockchain education and accepts Bitcoin payments One of the first universities in Germany to accept Bitcoin as a means of payment is the European School of Management and Technology (ESMT). The ESMT Berlin EMBA is ranked highly in the world for career progress and first started acceptingBitcoin payments in December 2016. Georg Garlichs, CFO of ESMT explains that Bitcoin is a decentralized virtual peer-to-peer currency and can now be used for all payments to ESMT. The institution also accepts Ethereum, Litecoin and Dash - all cryptocurrencies - as a form of payment. Similar to an SMS, the digital currency enables worldwide money transfers within a few minutes without involving a bank. ESMT is an innovative and future-oriented busin Continue reading >>

Europe Vows War On Cryptocurrency As Bitcoin, Ethereum, Ripple Price Soars | Metro News

Europe Vows War On Cryptocurrency As Bitcoin, Ethereum, Ripple Price Soars | Metro News

The European Union has threatened to regulate cryptocurrencies and clamp down on the trading of virtual coins. Over the last year, some crypto investors have made fortunes from the wildly fluctuatingprice of Bitcoin or other forms of digital dosh, while other have endured heavy losses. Strict new rules could help to curb the volatility of cryptocurrency markets , making them more attractive for mainstream investors but limit the freedoms enjoyed by early adopters who have become used to the ungoverned nature of the virtual money markets. This is a global phenomenon and its important there is an international follow-up at the global level, said Valdis Dombrovskis, vice-president for the Euro and Social Dialogue. We do not exclude the possibility to move ahead (by regulating cryptocurrencies) at the EU level if we see, for example, risks emerging but no clear international response emerging. The price of Bitcoin is on the rise today (Chart: Coindesk) Dombrovskis was speaking after hosting a roundtable attended by the European Central Bank, industry bodies, and the Financial Stability Board, which writes and coordinates regulation for the Group of 20 Economies. G20 finance ministers and central bankers meet in Buenos Aires in March, with crypto-currencies set to be on the agenda. The EU will decide how to address the issue later this year or early in 2019, the financial services commissioner said. Germany and France said this month that, while new opportunities arose from crypto-currencies, they could also pose substantial risks for investors and be vulnerable to financial crime without safeguards. Meghan Markle's dad looking up Prince Harry at internet caf is just so pure But given they represent just a tiny part of the financial system, so far there appears to be no str Continue reading >>

Eu Finance Head: We Will Regulate Bitcoin If Risks Are Not Tackled

Eu Finance Head: We Will Regulate Bitcoin If Risks Are Not Tackled

EU finance head: we will regulate bitcoin if risks are not tackled Valdis Dombrovskis calls for global response to rise of cryptocurrencies at industry roundtable Last modified on Mon 26 Feb 2018 12.06EST Bitcoin trades at about $9,000 (8,000) a token.Photograph: Dan Kitwood/Getty Images The European Union has warned that it will regulate cryptocurrencies if the risks exposed by the meteoric rise of bitcoin and its ilk are not addressed. The boom and bust of cryptocurrencies has seen some investors make millions where others have suffered heavy losses. Bitcoin, which now trades at about $9,000 (8,000) a token but recently dropped to less than $6,000 , leads the pack, rising nearly 2,000% to just under $20,000 in 2017, fuelling a global investment craze. Bitcoin is 'noxious poison', says Warren Buffett's investment chief This is a global phenomenon and its important there is an international follow-up at the global level, Valdis Dombrovskis, the EUs financial chief, said on Monday. We do not exclude the possibility to move ahead (by regulating cryptocurrencies) at the EU level if we see, for example, risks emerging but no clear international response emerging. Dombrovskis was speaking after hosting a roundtable meeting attended by the European Central Bank , industry bodies and the Financial Stability Board, which writes and coordinates regulation for the Group of 20 Economies. G20 finance ministers and central bankers meet in Buenos Aires in March, with cryptocurrencies set to be on the agenda. The EU would decide how to address the issue later this year or early in 2019, the financial services commissioner said. Regulation of cryptocurrencies could seek to bring them in line with financial legislation designed to combat money laundering and counter-terrorism, forcing Continue reading >>

European Central Bank To Discuss Bitcoin And Blockchain With Youth

European Central Bank To Discuss Bitcoin And Blockchain With Youth

European Central Bank to Discuss Bitcoin and Blockchain With Youth Mario Draghi will tell what the ECB thinks about Bitcoin and its technology in the frame of the third Youth Dialogue. One of the three major questions that the President of the European Central Bank will be answering via a series of videos on Feb. 12, 2018 is about cryptocurrencies and Blockchain. Mario Draghi will respond to the selected questions, whether Bitcoin offers a viable alternative to traditional currencies as well as comment on the ECB's view on its technology, provided they are submitted by Tuesday, Jan. 23, 2018. Europeans aged between 16 and 35 can also ask questions around three main topics: possibility of a new global economic crisis, cryptocurrencies and Blockchain, Europes economic recovery and youth unemployment The session is part of the ECBs third Youth Dialogue which usually constitutes a series of talks held by the Banks policymakers with students and young people from different countries and backgrounds. As a prelude to the session, the ECB has launched a Twitter opinion poll to ask if Bitcoin could offer a viable alternative to traditional currencies. The poll by Europes top bank has received more than 15,500 responses in about 24 hours. While the role of central banks in the digital currency world has always been a subject of debate , the view that they exist to help ensure stability for economies still stands. Bitcoins volatility has earned criticism of being a vehicle for perpetrating fraud from the likes of Lloyd Blankfein, the chief executive of the US investment bank Goldman Sachs. Luxembourg's Finance Minister, Pierre Gramegna also suggested that the European Union could soon introduce new cryptocurrency regulations. What is clear is that 2017 was a crucial year for Bitc Continue reading >>

Bitmain Looks To Europe As China Cools To Bitcoin Miners

Bitmain Looks To Europe As China Cools To Bitcoin Miners

Bitmain Looks to Europe as China Cools to Bitcoin Miners Jan 10, 2018 at 21:00 UTC|UpdatedJan 11, 2018 at 15:20 UTC Bitmain, the China-based bitcoin mining giant, has set up a new subsidiary in Switzerland. A report from Swiss-based news service Handelszeitung states that the company has based the subsidiary,Bitmain Switzerland, in Zug. The locale is the home of the "Crypto Valley," an area where a number of cryptocurrency and blockchain startups have headquartered thanks to a permissive regulatory environment. The move - which comes amid reports that the Chinese government wants to slowly but surely quash the country's mining ecosystem - is said to be a notable one for the firm, according to statements. This, sources say, would be accomplished by curtailing access to supportive tax policies as well as the land and utilities needed to run a power-hungry bitcoin mine. According to Handelszeitung, Bitmain is eyeing the Zug office as a way to grow its presence in Europe and, really, beyond its home base in China. "Bitmain Switzerland will play a key role in our global expansion," Bitmain told the paper. The company further said that it plans to expand its footprint in Switzerland over the coming months, hiring new employees and making a concerted effort to work with the government, including theSwiss Financial Market Supervisory Authority (FINMA). The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

Buy & Sell Bitcoin And Ethereum | Bitpanda

Buy & Sell Bitcoin And Ethereum | Bitpanda

Security is our highest priority. To guarantee the highest level of security for your account, we are using state of the art technology and security standards. With strong API-applications, high-end servers and a real-time, fully automated order system, we are able to provide you with 24/7 service and a secure environment to make your first steps into the crypto world in the best way possible. BitPanda was designed to provide you with the easiest and fastest access to Cryptocoins. With BitPanda you can order your coins in less than 2 minutes. Continue reading >>

Bitflyer Launches In Europe And Becomes The Worlds First Bitcoin Exchange To Be Regulated In Japan, The Us And Europe

Bitflyer Launches In Europe And Becomes The Worlds First Bitcoin Exchange To Be Regulated In Japan, The Us And Europe

January 22, 2018 07:01 PM Eastern Standard Time LUXEMBOURG--( BUSINESS WIRE )--bitFlyer, the Tokyo-based operator of the worlds largest1 Bitcoin exchange, today announced its launch into Europe. Having been granted a Payment Institution (PI) license to operate in the European Union it has become the first Bitcoin exchange to be regulated in Japan, the US and Europe, making it the most compliant virtual currency exchange in the world. bitFlyers launch into Europe comes hot on the heels of explosive growth in Japan and launch in the US in 2017. With 25 percent2 of worldwide bitcoin exchange volumes being facilitated by bitFlyer and over $250bn in virtual currency traded on its platform in 2017, bitFlyer is the worlds largest Bitcoin exchange and the only one licensed in Europe that will allow users to trade with Japan, the worlds largest market for bitcoin trading. The company is initially targeting professional, high-volume traders, an audience currently underserved in Europe. What we bring to Europe is a platform designed by traders for traders, says Andy Bryant, Chief Operating Officer of bitFlyer Europe. Through our web interface or API, traders can get up and running quickly and benefit from some of the most robust systems, highest speeds and an interface designed with their specific needs in mind. Based on the latest volumes3, roughly 10bn is traded worldwide in bitcoin per month, making the Euro the third largest bitcoin market in the world, after JPY and USD. Were pleased to see bitFlyer landing in Europe, says Cedric Jeanson, CEO of BitSpread, one of the worlds largest digital currency market makers. As virtual currency trading becomes mainstream and institutional investors get involved, there is a gap in Europe for a platform which specifically caters to the pr Continue reading >>

Legality Of Bitcoin By Country Or Territory

Legality Of Bitcoin By Country Or Territory

Legality of bitcoin by country or territory For a broader coverage related to this topic, see Bitcoin . The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. [1] Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of: Bangladesh, Bolivia, Ecuador & Kyrgyzstan), its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well. The European Union has passed no specific legislation relative to the status of the bitcoin as a currency, but has stated that VAT/GST is not applicable to the conversion between traditional (fiat) currency and bitcoin. VAT/GST and other taxes (such as income tax) still apply to transactions made using bitcoins for goods and services. [2] :European Union In October 2015, the Court of Justice of the European Union ruled that "The exchange of traditional currencies for units of the bitcoin virtual currency is exempt from VAT" and that "Member States must exempt, inter alia, transactions relating to currency, bank notes and coins used as legal tender", making bitcoin a currency as opposed to being a commodity. [3] [4] According to judges, the tax shouldnt be charged because bitcoins should be treated as a means of payment. [5] According to the European Central Bank , traditional financial sector regulation is not applicable to bitcoin because it does not involve t Continue reading >>

More in ethereum