UK Company Acquires ‘Bitcoin’ Trademark, Allegedly Threatens Etsy Store over BTC-themed Items

A UK company has acquired the trademark for “Bitcoin” and has allegedly threatened to bring a lawsuit against a small business that sells bitcoin-themed shirts. The business owner shared their plight on the Bitcoin subreddit, explaining that today, May 25, they received a letter from a company claiming to own the UK trademark for “Bitcoin.”

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Zimbabwe Cryptocurrency Exchange Golix Drags Central Bank to Court over Trading Ban

Zimbabwe cryptocurrency exchange platform Golix has taken the country’s central bank, the Reserve Bank of Zimbabwe, to court, saying the bank’s ban of cryptocurrency trading was unconstitutional as there are no laws that empower it to make such legislative moves. After banning banks from processing cryptocurrency transactions in the country, the central bank of Zimbabwe subsequently

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India’s Supreme Court Claims All Petitions Against Central Bank Crypto Blockade

The Supreme Court (SC) of India has barred all high courts from filing petitions against the central bank’s (RBI) crypto-curbing circular from April. The court also is clubbing all pending petitions, to be transferred to the SC. As cryptocurrency adopters, exchanges and advocacy groups move various high courts (HC) across the country in filing petitions

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It’s Official: Azerbaijan Taxes Revenue Received in Cryptocurrency

Azerbaijan has joined the growing list of countries that are taxing revenue received in cryptocurrencies. Revenues received in cryptocurrency in Azerbaijan are subject to taxation, according to Nijat Imanov, deputy director general of the tax policy and strategic research department for the Taxes Ministry, according to the country’s Trend News Agency. Imanov noted the requirement

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Binance CEO Narrows on Sequoia-Linked Projects as Legal Spat Continues

Cryptocurrency exchange Binance has fired a shot across the bow in its ongoing legal dispute with US venture capital firm Sequoia Capital. Binance CEO Changpeng Zhao on Monday tweeted that the company, which operates the world’s largest cryptocurrency exchange according to self-reported data, is considering requiring projects to disclose any affiliations with Sequoia when they

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Arizona Overhauls Blockchain Bill to Focus on Crypto Payments

An Arizona Senate bill that previously focused on state income tax is getting a makeover, the Senator who crafted the bill tells CCN. Senator Warren Petersen, a Republican, said the bill is being redesigned to instead focus on point-of-sale crypto tax payments known as the transaction privilege tax (TPT) in the state. Arizona residents could be the

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Pakistan Central Bank Bans Banks from Cryptocurrency, ICO Transactions

Pakistan’s central bank has told banks and other financial services providers not to support virtual currency transactions. The State Bank of Pakistan (SBP) advised the general public in a statement on its website and in a tweet that it regulates both domestic and international payment and money transfer services.   Pakistan’s announcement on Friday follows

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Kazakhstan May Ban Cryptocurrencies Citing Money-Laundering Concerns

Kazakhstan’s National Bank is considering banning cryptocurrency use, exchanges, and mining, saying virtual currencies are an ideal vehicle for fraud, money-laundering, and tax evasion. “In Kazakhstan, the National Bank is taking a very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions,” Daniyar Akishev, the chairman of Kazakhstan’s National Bank, told Sputnik News.

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IRS Reminds Taxpayers Cryptocurrency Income Is Taxable

U.S. taxpayers are required to report income from virtual currency transactions, the Internal Revenue Service has advised taxpayers in a notice. The agency has provided guidance on virtual currency in IRS Notice 2014-21 for taxpayers and tax preparers.   Just like transactions in any other property, virtual currency transactions are taxable. Those who fail to report

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GDPR: A Game Changer Is Coming for Cryptocurrency

The EU has finally come out with an approved framework for how corporations should handle user data. Although this are quite good news for people generally, I can also see it as a massive blow for so many altcoins. Trust me when I say there is an enormous storm coming. GDPR – What’s Important to

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