See Also
What is the difference between digital money and cryptocurrencies?
Cryptocurrencies are a form of digital money, but what we normally understand as digital money is represented in fiat currency. For instance, prepaid cards, virtual credit cards and other forms of digital money are simply fiat money deposited into some account under a traditional banking institution. Parents, for instance, can load up their children’s cards […]
Brazil’s second highest Court rules that banks can unilaterally close cryptocurrency-related accounts
Brazil’s second highest Court, STJ, has decided in favor of Itaú Bank in a lawsuit started against them by Mercado Bitcoin, one of Brazil’s largest and oldest Bitcoin exchanges. Itaú’s defense argued that KYC and anti-money laundering regulations gave them the necessary powers to close accounts which they, unilaterally and at their sole discretion, decide […]
2014 Bitcoin and Altcoin Hacks [Part 6]
This article is part of our complete guide to Bitcoin and altcoin hacks. Here we cover Bitcoin and altcoin security incidents from the year 2014. MintPal In July 2014 Mintpal, a popular altcoin exchange at the time, got hacked and over 10,000 BTC worth of VeriCoin was stolen. Later that year over 3,700 BTC also […]
Brazilian tax authority hardens rules for Bitcoin exchanges: monthly statements to become mandatory
The Brazilian equivalent of the IRS, Receita Federal (RFB), wants to tighten the rules for cryptocurrency exchanges. The new administrative guidelines were released to the public when the terms of a public consultation were published earlier today. Anti-Money Laundering The consultation was opened to request comments from experts about how to deal with tax dodging […]