Japanese Bitcoin Exchange Regulation

A law enacted in June 2016 introduces regulation for bitcoin exchanges in Japan. As of now, the law is not yet in force. On December 28th, the Financial Services Agency published drafts for executive orders on the details. The draft concerning bitcoin exchanges is here. People so inclined can comment on this draft until January … [Read more…]

Happy Halving Day!

Today Bitcoin reaches 75% of all bitcoins ever created, which means that the mining rewards will be cut in half from 25 to 12.5 bitcoins. The last time (and first time) that happened was on November 12, 2012, when 50% of bitcoins were created and the reward  dropped from 50 to 25. For the occasion, … [Read more…]

Nakamoto SAtoshi

I just noted what you get if you take the three letters spelled in capital above. Of course that may be just a slightly weird coincidence worth noting only for its entertainment value. On the other hand, it may be an explanation why nobody is able to find SAtoshi. I noticed this while reading a … [Read more…]

EU Court of Justice Bitcoin Decision

The Court Decision The EU Court of Justice yesterday decided that bitcoins are not discriminated against compared to dollars, euros, or yen (Case C‑264/14, Hedquist). When running a currency exchange selling euros for dollars or yen, there is no need to pay value added tax for the value of the currency under Article 135 (1)  e) … [Read more…]