One of the most common questions or rather statement we get is “but bitcoin is not legal”.When we inform that bitcoin is legal and in fact regulated in an increasing number of countries, we can sense disbelief.So below we have mentioned the legal status of bitcoins in some countries with links.Bitcoin is legal and regulated in USA /wiki/Legality_of_bitcoin_by_country#cite_note-TOI_noreg-17Global Advisors bitcoin fund appoints custodians Like this article ?Get the free daily newsletter ayondo launches Bitcoin trading Mon 19/06/2017 - 10:25 Hargreaves Lansdown clients get digital access to bitcoin exposure Thu 01/06/2017 - 08:22 Second bitcoin ETF knocked back by the SEC Thu 30/03/2017 - 10:57 Demand for bitcoin ETF high says Global Advisors Tue 14/03/2017 - 13:52 Bitcoin exchange Kraken acquires Cryptowatch Thu 02/03/2017 - 10:25 Study says banks should embrace blockchain technology Wed 14/06/2017 - 14:37 Crypto currencies enjoy dramatic run Wed 14/06/2017 - 08:37 Bitcoin and Ethereum challenge the capital markets Tue 18/04/2017 - 12:35 Global bitcoin fund lists on CISE Mon 19/12/2016 - 09:13 Foundational changes needed for financial services to reap blockchain benefits, says TABB Wed 05/10/2016 - 08:24

The Future of Money Sees Possible Scaling Compromise and Price Bounce Posted by Coinmama on June 20, 2017 After last week’s review, the price of bitcoin dipped to a low of $2250 across global exchanges with many other cryptocurrency markets like Ethereum following suit.Since then both Bitcoin and Ethereum’s value has rebounded once again as BTC is currently $2620 USD and Ethereum is hovering around $370.The overall cryptocurrency market cap is still skyrocketing at a whopping $113 billion dollars worth of digital assets, and over $5 billion in trade volume exchanged daily.The Bitcoin and Ethereum Phenomenon Continues to Surprise Us All Posted by Coinmama on June 14, 2017 Another exhilarating week has passed in the world of cryptocurrencies, most notably with Bitcoin and Ethereum markets.This past weekend Bitcoin reached and all-time high of $2980 per BTC meanwhile Ethereum surpassed $420 per ETH.Following the weekend markets took a 10 percent downturn, but more trajected upswings in prices are likely to continue.

At the moment one BTC is $2760, and one ETH is $390 at the time of writing.These dominating currencies and a slew of others have pushed the overall cryptocurrency valuation above $100 billion in just a matter of months.Bitcoin Relentlessly Pushes Forward on the Edge to Mass Adoption Posted by Coinmama on June 05, 2017 Last week bitcoin’s price consolidated in the $2250-2300 range and stabilized nicely for roughly 72 hours.bitcoin armory database locationSince then bitcoin markets have once again kicked up a notch pushing above the $2550 range.live bitcoin price widgetMeanwhile, Ethereum (ETH) also came back steady and had reached an all-time high of $250 per ETH at the time of writing.programa para fazer bitcoins

When it comes to bitcoiners, all eyes are focused on the exponential growth of cryptocurrency markets alongside the thousands of newcomers joining this evolutionary economy every single day.The Future of Bitcoin and Ethereum Markets Look Brighter Than Ever Before Posted by Coinmama on May 29, 2017 Another exciting week has passed in the land of cryptocurrency as the price of Bitcoin and Ethereum reached monumental all time highs on May 24.dogecoin cryptoBitcoin’s price touched a high of $2760 while Ethereum surpassed $240 per ETH across global exchanges.copy bitcoin wallet to another computerHowever following the day of extreme upward price velocities both cryptocurrencies lost 30 percent in value over the course of the next day.bitcoin usb boot

Both Ethereum and Bitcoin have rebounded 10-15 percent since then and have consolidated their values for the time being.Cryptocurrency Markets Skyrocket as Bitcoin and Ethereum Leave Earth's Atmosphere Posted by Coinmama on May 24, 2017 A lot has changed since Coinmama’s last weekly report, as Bitcoin and Ethereum have jumped leaps and bounds like two superheroes blasting through the atmosphere.buy bitcoin with vccAt the time of writing one bitcoin has an average of $2040 across global exchanges with a whopping $34.1 billion dollar market cap.bitcoin zlThe smart contract based digital currency Ethereum is now an astounding $170 with a market of $15.6 billion U.S.bitcoin client nodejsBitcoin Breaks New Records Again, While Mass Adoption Seems Closer Every Day Posted by Coinmama on May 16, 2017 Another thrilling week has passed us by in within the cryptocurrency economy as bitcoin's price once again touched another all-time high at $1892.

The price has subsequently slid to a lower price of $1720 at the time of writing and markets still show an upward trend may continue.Last week Coinmama reported bitcoin’s price was climbing above $1650, so a level correction from a high of close to $1900 down to $1700 is quite healthy showing the rigid strength of bitcoin markets.BitcoinNew York’s bitcoin business policy has arrivedDaniel RobertsThe BitLicense is here.What is that, you ask?Something a bit less sexy than its flashy name suggests: it's the set of regulations that will govern digital currency businesses operating in New York State.The much-ballyhooed bitcoin law, developed and revised by the New York Department of Financial Services and its superintendent Benjamin Lawsky over the last year, was made official on Wednesday.It has also been the cause for much consternation in the bitcoin community.Executives, policy pundits, and investors have been concerned that BitLicense would stifle innovation at startups.At a bitcoin breakfast event in Manhattan in April, a group of them traded complaints ("They ended up with a pound of soup where they threw in all the different bank rules and AML [anti-money laundering] rules... they ended up with something very salty," said Tim Byun of BitPay) and hyperbolic predictions (if BitLicense is too stringent, New York City will "lose the next Wall Street” to Silicon Valley, Estonia, or North Carolina, said Fred Wilson of Union Square Ventures).When Lawsky suddenly announced last month that he would resign his post in June to go into private practice in California, the bitcoin community rejoiced.

"Ding Dong, Lawsky's gone," tweeted Anthony di Lorio.Sal Delle Palme tweeted, "Ciao, Lawsky!"And Times reporter Jenny Anderson observed there would be "champagne corks popping" at banks as a result.But now that Lawsky's law is here, the celebration is over—and the critics are speaking out.Surprised and saddened that NYDFS didn’t update BitLicense definitions to clearly exclude multi-sig.Uncertainty is bad for innovation.- Jerry Brito (@jerrybrito) June 3, 2015“The ‘Bitlicense’ is a bad idea that must die” by @Beautyon_ #Bitcoinhttps://t.co/um6rLYtISU- Michael Parsons (@BitcoinByte) June 4, 2015I'll say it: Lawsky blew it and the topper is he's abandoning ship @virtuallylaw @coincenter @msantoriESQ @JohnCollins @twobitidiot- Brian Klein (@brianeklein) June 4, 2015What are bitcoin folks most upset about?They see the final policy, which requires licenses from business that hold and transmit money on behalf of customers, as being overly restrictive.They resent that BitLicense requires companies covered by the policy to get pre-approval for every new product rollout—which the companies think might be a slow process.

They fear that new bitcoin startups that don't yet have revenue will have to spend big money on legal fees and approval processes.They had hoped the final language would overtly exclude companies that offer a "multi-sig" product (a security approach involving the ownership of two separate private keys), since those companies don't truly have full custody of a customer's bitcoins.(The final product does not clearly exclude multi-sig entities; Ryan Selkis, director of investments at the Digital Currency Group, called this an "inexcusable oversight.")And they worry that, since BitLicense is the first designated set of regulations for bitcoin businesses from a single state, other states will now follow New York's example and use BitLicense as a template for their own regulatory policy.In a statement, the well-funded startup Coinbase responded publicly: "We remain concerned over specific components of the BitLicense that were left unchanged, including state-specific AML rules that are inconsistent with federal guidelines.

Moreover, it's troubling that this nascent industry is being subjected to more onerous regulations than those typically applied to legacy financial institutions."The nonprofit policy advocate Coin Center, meanwhile, posted a handy tracker that compares digital currency policies across different states to that of New York.Many in the bitcoin community have railed that BitLicense will cause the city to lose bitcoin startups to the looser regulatory pastures of Europe or states like North Carolina, which has been praised for its friendliness toward digital currency businesses.There is an effort underway in the New Jersey legislature to propose tax cuts for bitcoin businesses.Such a move would incentivize digital currency startups to move their headquarters to New Jersey.(Indeed, some companies, like the digital wallet provider Xapo, have already fled New York—Xapo moved its global headquarters to Zurich last month.)Matt Odell, co-founder of a bitcoin informational site, Coinprices.io, said in an email blast that BitLicense, as it stands now, "will stifle innovation in New York as bitcoin businesses move to friendlier locales."