Law Library of Congress - Global Legal Monitor: Global Legal Monitor: Currency http://www.loc.gov/lawweb/servlet/lloc_news?home The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national legal publications, and reliable press sources. You can search previous news by searching the archive. en-us Global Legal Monitor: European Union; Lithuania: Euro Zone Membership on January 1, 2015 http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404241_text Currency; Finance and financial sector - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Thu, 18 Dec 2014 12:00:00 EST http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404241_text Global Legal Monitor: Sweden: Enforcement Authority to Collect Bitcoins http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404171_text Currency; Finance and financial sector - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Thu, 23 Oct 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404171_text Global Legal Monitor: Russia: Fines for Bitcoin Transactions Will Be Introduced http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404151_text Banks and financial institutions; Currency; Financial services; Internet - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Tue, 07 Oct 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404151_text Global Legal Monitor: Australia: Tax Office Releases Guidance Paper and Draft Rulings on Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404109_text Currency; Income tax; Internet; Taxation; Value-added tax - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies.... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Mon, 25 Aug 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404109_text Global Legal Monitor: Iceland: National Digital Currency Auroracoin Launched http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404097_text Currency; Foreign exchange - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Tue, 12 Aug 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404097_text Global Legal Monitor: Denmark: Recent Bank and Tax Statements on Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404077_text Banks and financial institutions; Currency; Foreign exchange; Taxation - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 16 Jul 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404077_text Global Legal Monitor: Canada: Canada Passes Law Regulating Virtual Currencies as "Money Service Businesses" http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404064_text Currency; Financial services; Money laundering - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 09 Jul 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404064_text Global Legal Monitor: Italy: Recent Developments on Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404033_text Banks and financial institutions; Currency; Internet - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Thu, 12 Jun 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404033_text Global Legal Monitor: European Union: Central Bank Board Member Speaks on Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404011_text Banks and financial institutions; Currency; Internet - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Fri, 06 Jun 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404011_text Global Legal Monitor: Cyprus: Status of Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404015_text Banks and financial institutions; Currency; Internet - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Fri, 06 Jun 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404015_text Global Legal Monitor: Mexico: Warning Issued on Risks of Using Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404007_text Currency; Internet; Financial services - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 04 Jun 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404007_text Global Legal Monitor: Poland: Bitcoin Transactions Made Subject to VAT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404008_text Currency; Financial services; Internet; Taxation - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 04 Jun 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404008_text Global Legal Monitor: Netherlands: Local Court Ruling on Bitcoin Transaction http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404009_text Currency; Financial services; Foreign exchange; Torts - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 04 Jun 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404009_text Global Legal Monitor: Netherlands: Central Bank Statement on Virtual Currencies http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404010_text Currency; Financial services; Foreign exchange - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies.... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 04 Jun 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205404010_text Global Legal Monitor: Philippines: Central Bank Issues Warning on Virtual Currencies http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403958_text Banks and financial institutions; Currency - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies. In March 2014, the Philippines' Central Bank (Bangko Sentral ng Pilipinas, hereinafter BSP) issued a statement explaining the risks of using Bitcoin and other virtual currencies. (Press Release, BSP, Warning Advisory on Virtual Currencies (Mar.... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 30 Apr 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403958_text Global Legal Monitor: Mexico: Central Bank Issues Warning on Risks of Using Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403950_text Banks and financial institutions; Currency; Internet - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies. In March 2014, the Philippines' Central Bank (Bangko Sentral ng Pilipinas, hereinafter BSP) issued a statement explaining the risks of using Bitcoin and other virtual currencies. (Press Release, BSP, Warning Advisory on Virtual Currencies (Mar. In March 2014, Mexico's Central Bank (commonly abbreviated as Banxico) issued a statement explaining the risks of using Bitcoin and similar virtual assets. (Press Release, Banxico, Advertencias sobre el uso de activos virtuales como sucedandaacute;neos... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Tue, 29 Apr 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403950_text Global Legal Monitor: Estonia: Rules on Taxation of Bitcoin http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403934_text Currency; Financial services; Internet; Taxation - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies. In March 2014, the Philippines' Central Bank (Bangko Sentral ng Pilipinas, hereinafter BSP) issued a statement explaining the risks of using Bitcoin and other virtual currencies. (Press Release, BSP, Warning Advisory on Virtual Currencies (Mar. In March 2014, Mexico's Central Bank (commonly abbreviated as Banxico) issued a statement explaining the risks of using Bitcoin and similar virtual assets. (Press Release, Banxico, Advertencias sobre el uso de activos virtuales como sucedandaacute;neos On March 13, 2014, the Tax and Customs Board of Estonia published on its website a document entitled Taxation of Trade in Bitcoins (Maksustamine Bitcoin'idega Kauplemisel (Mar. 2014)). In this first government statement concerning... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Fri, 18 Apr 2014 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403934_text Global Legal Monitor: Canada: Anti-Money Laundering and Anti-Terrorist Financing Regulations for Virtual Currencies to Be Introduced http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403869_text Currency; Money laundering; Terrorism - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies. In March 2014, the Philippines' Central Bank (Bangko Sentral ng Pilipinas, hereinafter BSP) issued a statement explaining the risks of using Bitcoin and other virtual currencies. (Press Release, BSP, Warning Advisory on Virtual Currencies (Mar. In March 2014, Mexico's Central Bank (commonly abbreviated as Banxico) issued a statement explaining the risks of using Bitcoin and similar virtual assets. (Press Release, Banxico, Advertencias sobre el uso de activos virtuales como sucedandaacute;neos On March 13, 2014, the Tax and Customs Board of Estonia published on its website a document entitled Taxation of Trade in Bitcoins (Maksustamine Bitcoin'idega Kauplemisel (Mar. 2014)). In this first government statement concerning On February 11, 2014, the Canadian Finance Minister, Jim Flaherty, unveiled the Federal Budget for 2014, which included a brief mention of the plans of the Canadian government to introduce anti-money laundering and anti-terrorist financing regulations... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Fri, 14 Feb 2014 12:00:00 EST http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403869_text Global Legal Monitor: Norway: Bitcoins Are Capital Property, Not Currency, Says Norwegian Tax Authority http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403782_text Currency; Financial services; Internet; Taxation; Value-added tax - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies. In March 2014, the Philippines' Central Bank (Bangko Sentral ng Pilipinas, hereinafter BSP) issued a statement explaining the risks of using Bitcoin and other virtual currencies. (Press Release, BSP, Warning Advisory on Virtual Currencies (Mar. In March 2014, Mexico's Central Bank (commonly abbreviated as Banxico) issued a statement explaining the risks of using Bitcoin and similar virtual assets. (Press Release, Banxico, Advertencias sobre el uso de activos virtuales como sucedandaacute;neos On March 13, 2014, the Tax and Customs Board of Estonia published on its website a document entitled Taxation of Trade in Bitcoins (Maksustamine Bitcoin'idega Kauplemisel (Mar. 2014)). In this first government statement concerning On February 11, 2014, the Canadian Finance Minister, Jim Flaherty, unveiled the Federal Budget for 2014, which included a brief mention of the plans of the Canadian government to introduce anti-money laundering and anti-terrorist financing regulations Bitcoins, the online currency, have received much media attention in a short time and become an up-and-coming international means of payment. (Joe Light, Virtual-Currency Craze Spawns Bitcoin Wannabes, THE WALL STREET JOURNAL (Nov. 20, 2013).)... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 11 Dec 2013 12:00:00 EST http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403782_text Global Legal Monitor: Vietnam: Ban on Gold as Medium of Exchange http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403097_text Currency - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies. In March 2014, the Philippines' Central Bank (Bangko Sentral ng Pilipinas, hereinafter BSP) issued a statement explaining the risks of using Bitcoin and other virtual currencies. (Press Release, BSP, Warning Advisory on Virtual Currencies (Mar. In March 2014, Mexico's Central Bank (commonly abbreviated as Banxico) issued a statement explaining the risks of using Bitcoin and similar virtual assets. (Press Release, Banxico, Advertencias sobre el uso de activos virtuales como sucedandaacute;neos On March 13, 2014, the Tax and Customs Board of Estonia published on its website a document entitled Taxation of Trade in Bitcoins (Maksustamine Bitcoin'idega Kauplemisel (Mar. 2014)). In this first government statement concerning On February 11, 2014, the Canadian Finance Minister, Jim Flaherty, unveiled the Federal Budget for 2014, which included a brief mention of the plans of the Canadian government to introduce anti-money laundering and anti-terrorist financing regulations Bitcoins, the online currency, have received much media attention in a short time and become an up-and-coming international means of payment. (Joe Light, Virtual-Currency Craze Spawns Bitcoin Wannabes, THE WALL STREET JOURNAL (Nov. 20, 2013).) On April 3, 2012, the Prime Minister of the Socialist Republic of Vietnam (SRV) issued Decree No. 24/2012/ND-CP on the management of gold trading. The Decree stipulates that there will be a government monopoly of bullion... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Wed, 18 Apr 2012 12:00:00 EDT http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403097_text Global Legal Monitor: European Union: Slovakia Adopts the Euro http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l20540902_text Currency - Lithuania, after a long and arduous process, has been found by the European Commission and the European Central Bank to meet the required criteria and will join the euro zone on January 1, 2015; as of On October 6, 2014, the Swedish Enforcement Authority staff announced, to Swedish media outlets, that it will start to investigate and seize Bitcoin holdings when collecting funds from indebted individuals. (Kronofogden ska leta Bitcoins hos On October 3, 2014, Ministry of Finance of the Russian Federation, as a part of a government legislative initiative, announced that it is going to submit to the State Duma (legislature) legislation that would recognize the On August 20, 2014, the Australian Taxation Office (ATO) issued a guidance paper, a Goods and Services Tax (GST) Draft Ruling, and four draft taxation determinations on the taxation treatment of Bitcoin and other virtual currencies. On March 24, 2014 creators of Auroracoin launched a helicopter drop of Auroracoins; they were available to all Icelanders who wanted to claim them. The digital currency is a competitor of Bitcoin and meant to cater On March 18, 2014, the Danish Central Bank issued a statement declaring that Bitcoin is not a currency. The Bank went on to explain, "Bitcoin does not have any real trading value compared to gold and On June 19, 2014, the Governor General of Canada gave his royal assent to Bill C-31 (An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures On May 2, 2014, the Central Bank of Italy released its Biannual Report, which included a statement advising Italians against buying, investing in, or using Bitcoin as a currency. (Eric Calouro, Italian Central Bank Sounds On May 19, 2014, Yves Mersch, an executive board member of the European Central Bank, in a speech given to Cash Symposium 2014, in Germany, argued in favor of the superiority of the euro as a The University of Nicosia, one of the largest English-language universities in the Mediterranean region, is the first accredited university worldwide to accept Bitcoin in lieu of tuition. Moreover, in the spring of 2014, it started a In April 2014, Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF, a government agency under Mexico's Department of the Treasury) issued a statement explaining the risks of using Bitcoin and As reported by numerous websites publishing Bitcoin-related information, on May 27, 2104, the Lodz provincial office of the Polish Tax Administration issued a statement to the effect that the value-added tax on goods and services will It was reported on May 19, 2014, that a court in Overijssel, The Netherlands, had issued a decision in a civil suit involving an uncompleted Bitcoin transaction between two parties. The court held, citing a written On May 8, 2014, in an item entitled "Virtual Currencies Are Not a Viable Alternative," published in its news bulletin, the Bank of the Netherlands (DNB) put forward its stance on the Bitcoin and similar currencies. In March 2014, the Philippines' Central Bank (Bangko Sentral ng Pilipinas, hereinafter BSP) issued a statement explaining the risks of using Bitcoin and other virtual currencies. (Press Release, BSP, Warning Advisory on Virtual Currencies (Mar. In March 2014, Mexico's Central Bank (commonly abbreviated as Banxico) issued a statement explaining the risks of using Bitcoin and similar virtual assets. (Press Release, Banxico, Advertencias sobre el uso de activos virtuales como sucedandaacute;neos On March 13, 2014, the Tax and Customs Board of Estonia published on its website a document entitled Taxation of Trade in Bitcoins (Maksustamine Bitcoin'idega Kauplemisel (Mar. 2014)). In this first government statement concerning On February 11, 2014, the Canadian Finance Minister, Jim Flaherty, unveiled the Federal Budget for 2014, which included a brief mention of the plans of the Canadian government to introduce anti-money laundering and anti-terrorist financing regulations Bitcoins, the online currency, have received much media attention in a short time and become an up-and-coming international means of payment. (Joe Light, Virtual-Currency Craze Spawns Bitcoin Wannabes, THE WALL STREET JOURNAL (Nov. 20, 2013).) On April 3, 2012, the Prime Minister of the Socialist Republic of Vietnam (SRV) issued Decree No. 24/2012/ND-CP on the management of gold trading. The Decree stipulates that there will be a government monopoly of bullion January 1, 2009, marks the tenth anniversary of the adoption of the EU common currency, the euro, which was instituted six months after the establishment of the European Central Bank. The Bank introduced the banknotes and... The Global Legal Monitor from the Law Library of Congress covers legal news and developments worldwide. Mon, 05 Jan 2009 12:00:00 EST http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l20540902_text