California Lawmakers Consider Barring Bitcoin from Charity Raffles

California Lawmakers Consider Barring Bitcoin from Charity Raffles A lawmaker in California has proposed prohibiting the use of bitcoin and other digital currencies in charitable raffles held by both private and non-profit organizations. California Senate Bill 741, submitted late last week by Senator Tony Mendoza, creates the regulatory framework for “a private, nonprofit organizations” that…

Tezos Receives Funding for Smart Contact System from Polychain Capital’s Digital Currency Fund

Tezos Receives Funding for Smart Contact System from Polychain Capital’s Digital Currency Fund Tezos, a network protocol specializing in secure, future-proof smart contract systems, has been given a share of Polychain Capital’s $10 million digital currency fund. The fund, whose limited partners include Andreessen Horowitz and Union Square Ventures, was first announced in December of 2016,…

EU Lawmakers Propose to Ban Geo-Blocking of Digital Currency Users

EU Lawmakers Propose to Ban Geo-Blocking of Digital Currency Users A European Parliament committee has proposed new measures that would prevent location-based discrimination against consumers in the economic bloc, including users of digital currencies. The proposal, authored by the European Union Committee on Internal Market and Consumer Protection, targets so-called ‘geo-blocking’, or prejudice against consumers on the internet based on…

Regulations Push Cryptocurrency Traders to LocalBitcoins

Regulations Push Cryptocurrency Traders to LocalBitcoins The increasing interest in Bitcoin has got the community looking for ways to overcome the roadblocks set by government agencies. As regulatory issues affect conventional methods of buy and selling cryptocurrencies over established platforms, the community members seem to have migrated to peer-to-peer platforms like LocalBitcoins. The market charts…