Don’t expect India’s 1.3 billion residents to be investing in Bitcoin or other virtual currencies any time soon.
According to a new report from the Economic Times, the Reserve Bank of India, the country’s central bank similar to the U.S. Federal Reserve, has issued a blanket ban on all cryptocurrency trading.
You will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore as Reserve Bank of India (RBI) has banned them with immediate effect from “dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies”.
Continue reading Report: India BANS Bitcoin Wallets, Bank Funding, All Cryptocurrency Services: “Entities Which Already Provide Such Services Shall Exit The Relationship”
via The Daily Economist – Whether hyperbole or actual fear, the IMF has now raised the stakes in the call for sovereign governments to establish a regulatory framework over the cryptocurrency sphere.
In a report released on March 16 that will provide context to the upcoming G20 summit in Buenos Aires, IMF Chief Christine Lagarde gave the bank’s insight on what they believe should be done to regulate the growing cryptocurrency industry, and at one point intimated that its decentralization could have real effects in helping to undermine the global financial system.
Continue reading IMF informs upcoming G20 that cryptocurrencies could play a role in undermining the global financial system
Nearly two-and-a-half years after the CFTC officially declared that bitcoin and cryptocurrencies more broadly would be regulated like securities, a federal judge has ruled that the agency does, in fact, have the authority to regulate the fledgling asset class, according to the same rules governing energy and metals, effectively defining cryptocurrencies as commodities.
US District Judge Jack Weinstein ruled that the CFTC had the standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company Coin Drop Markets, permitting the case to move forward. Weinstein also preemptively barred McDonnell and CDM from engaging in commodity transactions, according to coindesk.
“Virtual currencies are ‘goods’ exchanged in a market for a uniform quality and value. … They fall well within the common definition of ‘commodity’,” the judge wrote in the order on Tuesday.
Continue reading Cryptocurrencies Should Be Regulated Like Commmodities, Judge Rules
by belisoful – In lak’ech ala K’in.
The first beta release of a NiftyHash 1.0b3 is now available for download. This is the first Mr. NiceHash specific client for the Apple Mac. It supports all the typical functionality and adds a few new elements for usability. This is a Graphical User Interface (GUI) for command line mining software. This makes it easy to use your computer to mine.
Download the NiftyHash client: NiftyHash1.0.0b3.dmg.zip (17.1MiB)
- Download the client v1.0b3.
- Run the Benchmarks to analyze performance.
- Enter your Bitcoin address. If you don’t have one, sign up with nicehash.com for a Nice Hash Wallet.
- Turn “on” the Miners to start mining.
Continue reading NiftyHash: An Apple Mac Mining GUI client for Mr. NiceHash
via Zero Hedge – Another dip to be bought as the weekend’s pump’n’dump in Bitcoin has led to yet another new record high this morning at $11,850.
Bitcoin’s market cap is now $200 billion…
This resurgence comes after a week of considerably more active propagandizing from the establishment.
As we noted previously, this week has seen a new group of establishmentarians jump on to the offensive against anti-decentralization, de-control, pro-freedom cryptocurrencies – urging bans, crackdowns, fatwas, taxation, creating their own cryptocurrencies, demanding citizens sell, and outright confiscation (this group includes governments world wide and their mainstream media mouthpieces)…
Continue reading Bitcoin Jumps To New Record High $11,850 As Governments, Regulators, Bankers Panic
The brazen move by the United States to legalize cryptocurrencies seem to be to control it, make it illegal, to stop the perception that Federal Reserve notes are both worthless and valueless, and to recapture its realizing value back into a dying debt-money system of injustice; particularly financial injustice.
(WASHINGTON, DC) The new Bill S.1241 titled *Combating Money Laundering, Terrorist Financing, and Counterfeiting Act* of 2017 makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.
The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth.
Meanwhile: Continue reading United States seeks to Criminalize Cash and Cryptocurrencies in New Bill; While Russia, India, Japan, China, Australia Legalize and Support
June 20th, 2017– Gregorian Date
(WASHINGTON, DC) Senator Chuck Grassley introduced Bill S.1241 — 115th Congress (2017-2018) -a Bill titled Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017– last May 25th, 2017. The Money Laundering Act makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.
The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth. Requiring the registration of all digital currency holdings and transactions in the U.S. is an attempt to brazenly legalize (fictionalize) the all digital currency networks under the “legal jurisdiction” of a criminal government. After the United States succeeds, all UN Member Nations interested in continued debt slavery could act to implement such measures, in kind. It is a power grab of the Commons by the United States Corporation over a Constitutionally First Amendment Protected Freedom of Speech Medium (digital currencies) and non-legal trade that governmental corporations cannot control nor profit from (with debt mechanisms).
The “Terrorist Financing” label being used by US Senators was to undermine all legitimate commentary on the topic. Indeed, the Act itself is an act of terrorism upon the Digital Commons and Digital Rights. It is a usurpation of value, rights, and property. The Act violates legal precedence in converting a basic digital right into a “license”, regardless of fees, to outright ban digital currencies. The Money Laundering Act only points out the laundering of worth via valueless debt by the Federal Reserve and seems to merely be an attempt to protect the unlawful DEBT-AS-MONEY Racketeering of Central Bankers.
Continue reading New U.S. Bill: Register All Cash, Digital Currencies, and Digital Transactions With Local Bank, even Steem, Ethereum
This one is almost too ridiculous to believe.
Recently a new bill was introduced on the floor of the US Senate entitled, pleasantly,
“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.”
You can probably already guess its contents.
Cash is evil.
Bitcoin is evil.
Now they’ve gone so far to include prepaid mobile phones, retail gift vouchers, or even electronic coupons. Evil, evil, and evil.
These people are certifiably insane.
Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”.
Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process.
Continue reading New Laundering, Terrorist Financing, and Counterfeiting Act of 2017 Imposes More Codes on Cash and Digital Currencies