Wesley Bricker, chief accountant for the U.S. securities, informed the public that his office was looking into cryptocurrencies, coins, and tokens and the way they are traded and exchanged. He advises that private cryptocurrency practitioners make sure their cryptocurrency skills are up to par. Bricker stated that his accounting…
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Government Regulation
Bitcoin, Ethereum, and all other altcoin cryptocurrencies follow varying government regulation around the world. 99 Crypto reports on regulatory cryptocurrency news as it unfolds.
False Reports of Bitcoin Mining Ban in China, Miners Continue, Volume has Fallen
It is rumored that bitcoin and cryptocurrency mining is banned in China. Local miners have stated that although the volume is down, mining is not banned yet. Rumors and Unsubstantiated reports The secret to China’s success in profitable mining operations is cheap electricity. However, Sichuan Electric Power Company released…
Brazil's Central Bank Invests in Blockchain R&D
Blockchain has created a new technology for a different type of internet and backup system. Blockchain was developed for the digital currency, Bitcoin, but Brazil's Central Bank is doing more and different research and development for blockchain. In an interview about plans for blockchain technology, the central bank's blockchain team…
Are Bitcoins Being Used Illicitly? US Treasury Sec. Mnuchin Investigates
Is using Bitcoins part of illegal or illicit activities? Steven Mnuchin, US Secretary of the Treasury, is stressing that bitcoin usage needs to be examined very carefully. It is vital that bitcoins are not being used for illicit purposes. Mnuchin claims that there is a very big possibility that bitcoins…