Cambodia’s Crypto Industry Marches Forward Despite Legal Grey Area (news.bitcoin.com)

Cambodia’s cryptocurrency sector appears to be marching forward, despite the absence of clear regulatory guidelines pertaining to virtual currencies. 
Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018
Regulatory Ambiguity Fails to Deter Cambodia’s Cryptocurrency Sector
A report published by…

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Bank of Jamaica confirmed that Bitcoin is not legal tender in the country. (reddit.com)

In Jamaica, as, arguably, in every other country in the world, crypto-currencies are not legal tender. However, island’s financial gate-keepers, unlike those of its Caribbean region’s neighbors, have found it necessary to make an additional step back on the road leading to financial revolution. In February 2018 the Bank of Jamaica (BOJ)’s representative made a pointed statement, where he explicitly warned citizens on the numerous dangers, which, from this representative’s point of view, are…

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New “Sovereign” Cryptocurrency Will Be Legal Tender in the Marshall Islands (bitcoinmagazine.com)

The Republic of the Marshall Islands (RMI), an island country located near the equator in the Pacific Ocean with a population of about 50,000, is poised to become the first sovereign nation to issue a cryptocurrency that will be legal tender.The new currency is called “Sovereign” with the symbol “SOV.” The SOV, which will be distributed to the…

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Arizona Plans on Accepting Bitcoin as legal means of Payments for taxes (reddit.com)

The state of Arizona has initiated a legal process seeking the approval of a law that would allow its citizens the use of cryptocurrencies to comply with the payment of their taxes in a measure that apparently seeks to facilitate financial operations and provide more options and comfort for taxpayers. In this way, those who have funds in cryptocurrencies would not have to go through third parties to change their funds in order to be able to pay. For now, the currencies that they expect to…

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Vermont Lawyer Warns of Legal Complications Ahead for Cryptocurrency Miners (bitcoinmagazine.com)

Are miners — the nodes on a blockchain that process transactions — partners in a company? And, if they are deemed partners, and a cryptocurrency project collapses leaving coin holders holding the bag, what legal construct is in place to protect miners from lawsuits? One Vermont lawyer sees a “nightmare” unfolding.Stepping back a few steps, last month, several news sites ran stories about proposed legislation (…

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