7/11/14 – Italy And France Rules, Jerseys First Bitcoin Fund, & Bitcoin Will Get Its Grooveshark

Rome’s Attorney General Luigi Ciampoli gave a warning about Bitcoin on Thursday, urging for regulation to assist Italian authorities monitor and defend towards cash laundering, financing of terrorism, and mafia actions. At the identical time, Colonel Albert Reda of Italy’s Guardia di Finanza monetary police authority spoke up concerning the dangers with Bitcoin’s volatility and anonymity, calling it a “potentially powerful tool for money laundering, drug trafficking and arms trafficking.”

Following their latest crackdown on an unlawful digital forex alternate, France authorities have introduced that they plan to implement new Bitcoin transparency rules by 12 months’s finish for all associated monetary establishments. What’s extra, the nation’s finance ministry has additionally added that they’ve up to date a few of their tax rules to embody Bitcoin gross sales, which will probably be topic to a capital beneficial properties tax, much like the scenario within the US and UK.

Shortly after asserting plans to develop into the primary Bitcoin Isle, the island of Jersey has authorized the launch of its first regulated Bitcoin fund, The Global Advisors Bitcoin Investment Fund. Setup by Global Advisors Jersey Limited, and authorized by the Jersey Financial Services Commission, the fund has garnered robust assist from the island’s assistant chief minister of economic providers, Senator Philip Ozouf, who says that “Fintech, which broadly defines the emerging digital industry in finance, is a sector that I believe holds significant opportunities for Jersey.”

Japan’s new Bitcoin enterprise advocacy group, The Japan Authority of Digital Asset, has launched with the federal government’s specific assist, aiming to assist set up requirements and codes of conduct for its member organizations. The group was fashioned by Japanese parliament member Mineyuki Fukuda and his IT Committee, after consulting with Japan’s Financial Services Authority and talking with the nation’s resident Bitcoin ATM firms and exchanges, which embody digital forex alternate Kraken and its dad or mum firm Payward Inc.

Major music streaming service Grooveshark has began accepting Bitcoin for each their month-to-month and annual subscriptions, after receiving a number of requests from customers so as to add the digital forex as a fee choice. No official assertion has but been heard from the corporate, however a number of discussion board studies of the brand new fee choice have begun surfacing from Grooveshark customers in response to their requests.

Prominent porn video web site xHamster, the 56th hottest web site on the web, has additionally reportedly began accepting Bitcoin as a fee choice, which has sparked a barely Not Safe For Work thread on the Bitcoin subreddit.

Bitcoin entrepreneur and nextcoin investor Androklis Polymenis is providing a 500 bitcoin bounty for the return of his misplaced 1170 bitcoin and 6 million nextcoin, which had been stolen when a hacker posed as Polymenis on bitcoin alternate and requested the elimination of the funds.

Money & Tech is debuting a brand new collection of instructional video clips on The More You Know Bitcoin, to give you extra clarification and perception into the fascinating, and sometimes complicated, world of digital forex. You can discover our first collection of those movies at

7/11/14 - Italy And France Rules, Jerseys First Bitcoin Fund, & Bitcoin Will Get Its Grooveshark

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  16. Who stores 1170 BTC at an exchange, especially after MtGox?!
    Seems like pretending to be the good guy to unsuspecting human key holders is now the popular way of stealing Bitcoin: an employee at EndOfMoney project got talked into sending 100BTC to an attacker recently.

  17. I feel sorry for the guy who lost so much currency. Lessons from guys like him prompted me to have a policy of never keeping significant money on an exchange. I put everything in encrypted paper wallets with a freaky long password that are backed up at home, in the safe deposit box and in my toolbox at work (I'm a mechanic). Not one paper wallet has more than 2 bitcoin in it. I suppose it's possible that I could somehow lose it all but since I'm just a working class guy without huge sums of bitcoin, I'm a pretty low priority target for thieves.

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