Virtual Currency International (VCI) Vladimir Galabov on ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin Economics

Discussion on the financial and economic impact of Bitcoin as a virtual currency.
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Tax information for Bitcoin and other crypto-currencies

Tax information for Bitcoin and other crypto-currencies.
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As Requested, I’m Ben Lawsky, Superintendent of the NY Dept of Financial Services, Here for an AMA on Bitcoin/Virtual Currency

Hi Reddit – I’m Ben Lawsky, Superintendent of Financial Services for the State of New York. Thanks to those of you who requested that I do an AMA on the work our agency – the New York State Department of Financial Services (NYDFS) – is doing on oversight rules for virtual currency firms. We'll get started around 12:30pm EST.
PROOF: https://twitter.com/BenLawsky/status/436544922892906496
We’re still in the process of formulating our views on a number of these issues – given that this is an ongoing regulatory process. So I may not be able to provide final or definitive answers to all of the questions you ask. But I’ll do my best to try and provide a window into some of our thinking at this stage. (I may even ask a few questions of my own during the course of the conversation, if that’s okay.) We’re trying to proceed without any prejudgments and solicit a broad range of views on virtual currency. I’m looking forward to a substantive and informative discussion.
As you’ve probably guessed, I’m new to Reddit. So apologies in advance if I violate any posting etiquette. I was also told not to mention something called “Rampart” – whatever that is
For those of you interested in some background on our agency’s work in this area, NYDFS has been conducting an inquiry on the appropriate regulatory guidelines for virtual currency firms for the last seven months. As part of that inquiry, in January 2014, NYDFS held public hearings in New York City on virtual currency. More than 14,000 people from 117 countries tuned into those hearings online, which was not the usual turnout we get!
http://www.dfs.ny.gov/insurance/hearing/vc_01282014_indx.htm
https://twitter.com/BenLawsky/status/428965430842380288
Last week, we also laid out some of our initial thoughts on the path forward for regulators:
http://www.dfs.ny.gov/about/speeches_testimony/sp140212.htm
http://www.youtube.com/watch?v=zhIZd9b2-Qs
Our expectation is that – during the course of 2014 – the information we’ve gathered in our fact-finding effort will allow us to put forward a proposed regulatory framework for virtual currency firms operating in New York. We want to move expeditiously because the sooner we provide some regulatory certainty, the better for the firms that want to know what the rules of the road are. At the same time, we recognize this is complicated stuff and we don’t want to go too fast, make a mistake, and create unintended consequences. Most of all, we want to get detailed feedback from all sides so we can make smart, modern, forward-looking decisions. Thanks to all of you for being here.
UPDATE 2:22 PM EST Sorry I have to run (also -- AMA's are more tiring than I would have expected!). Thanks to all of you for the thoughtful questions and comments. And to those who tipped me Bitcoin, I doubt I'm allowed to accept but appreciate the thought!
I'll try to come back and answer some additional questions later. I can't tell you how useful this is to our regulatory process. With that in mind, I'd like to pose a few questions to you if you'd like to answer them while I'm away from the computer:
(1) What do you personally find as the most useful and/or important current application for virtual currency? (2) Where do you think virtual currency tech is headed in the medium term and long term. (3) Are there particular problems from a consumer perspective you've had in dealing with virtual currency firms that regulators should consider?
EVENING UPDATE I circled back and answered a few more of your questions, but I have to head out for the evening. Thanks again for your thoughtful questions and feedback.
EVENING UPDATE x2 I also recorded a short sign-off video to thank everyone here for their questions and comments http://www.youtube.com/watch?v=qRXVPq16n_c
submitted by BenLawsky to IAmA [link] [comments]

Bitcoin virtual currency breaks $1,000 mark

submitted by emman1993 to worldnews [link] [comments]

Confirmed: Apple allowing Bitcoin (virtual currency) apps. Section 11.17

Confirmed: Apple allowing Bitcoin (virtual currency) apps. Section 11.17 submitted by bubbasparse to Bitcoin [link] [comments]

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government.

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government. submitted by quadrilliondollars to Bitcoin [link] [comments]

eBay to accept Bitcoin?: "Virtual currency. it's happening on eBay"

eBay to accept Bitcoin?: submitted by Zoranth to GetCryptocurrency [link] [comments]

Bitcoins: Virtual currencies pose financial risk, says RBI Deputy Governor

Bitcoins: Virtual currencies pose financial risk, says RBI Deputy Governor submitted by simplysimplipal to india [link] [comments]

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government.

A party that hangs a skull-and-crossbones flag at its HQ, and promises to clean up corruption, grant asylum to Edward Snowden and accept the bitcoin virtual currency, could be on course to form the next Icelandic government. submitted by johnnybgoode17 to Anarcho_Capitalism [link] [comments]

Bitcoin virtual currency reaches all-time high price

Bitcoin virtual currency reaches all-time high price submitted by error9900 to Bitcoin [link] [comments]

The total number of Blockchain wallet users worldwide, from the first quarter of 2015 to second quarter of 2018, has been growing since the creation of the Bitcoin virtual currency in 2009, reaching over 25 million users.

The total number of Blockchain wallet users worldwide, from the first quarter of 2015 to second quarter of 2018, has been growing since the creation of the Bitcoin virtual currency in 2009, reaching over 25 million users. submitted by Talpresale to PresaleVentures [link] [comments]

European Banking Authority takes hard line on regulation of Bitcoin/virtual currencies

European Banking Authority takes hard line on regulation of Bitcoin/virtual currencies submitted by slvbtc to Bitcoin [link] [comments]

Bitcoin virtual currency reaches all-time high price - The value of virtual currency Bitcoin has reached an all-time high, trading at more than $33 (£22).

Bitcoin virtual currency reaches all-time high price - The value of virtual currency Bitcoin has reached an all-time high, trading at more than $33 (£22). submitted by squatly to technology [link] [comments]

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing submitted by BalconySitter to Bitcoin [link] [comments]

3 Pre-Bitcoin Virtual Currencies That Bit the Dust

3 Pre-Bitcoin Virtual Currencies That Bit the Dust submitted by vanbexmarketing to Bitcoin [link] [comments]

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency!

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency! submitted by CryptoNationNews to Crypto_Currency_News [link] [comments]

Bitcoin, Virtual Currency Deals Under $600 Could Become Tax Exempt

submitted by EmDeeEm to tax [link] [comments]

Bitcoin virtual currency being touted as a good long-term investment, as its value doubles

Bitcoin virtual currency being touted as a good long-term investment, as its value doubles submitted by softlaunch to Bitcoin [link] [comments]

Bitcoin virtual currency can now be used to pay for pizza

Bitcoin virtual currency can now be used to pay for pizza submitted by Graefaxe to Bitcoin [link] [comments]

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing - Press Release

SoftTouch POS Integrates Bitcoin Virtual Currency Payment Processing - Press Release submitted by kerzane to Bitcoin [link] [comments]

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency!

Ellen talks Bitcoin, Virtual Currency Girls Tribute and Atari starts a cryptocurrency! submitted by CryptoNationNews to CryptoNews [link] [comments]

Alberta man to sell home for Bitcoin virtual currency

Alberta man to sell home for Bitcoin virtual currency submitted by TyrosineS to canada [link] [comments]

Canadian man to sell house for Bitcoin virtual currency

Canadian man to sell house for Bitcoin virtual currency submitted by Manilagirl to canada [link] [comments]

Latin America takes to the Bitcoin 'virtual currency' in a big way

Latin America takes to the Bitcoin 'virtual currency' in a big way submitted by IWillNotBiteYourDog to Bitcoin [link] [comments]

Bitcoin, the Gateway Virtual Currency? What's the future of virtual currency? What is VIRTUAL CURRENCY? VIRTUAL CURRENCY meaning - VIRTUAL CURRENCY definition Money laundering fears for virtual currency Bitcoin - BBC ... Bitcoin Virtual Currency - YouTube

A Virtual Currency International review wouldn’t be complete without taking a proper look at the network’s history. It was founded in January 2018 by Vladimir Galabov and Eugen Rosenmeir, both of whom have extensive experience in business ... Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as “convertible” virtual currency. Bitcoin is one example of a convertible virtual currency. Bitcoin can be digitally traded between users and can be purchased for, or exchanged into, U.S. dollars, Euros, and other real or virtual currencies. Virtual currency is digital asset that can be used to buy and sell goods or services. Cryptocurrency is a blockchain-based, virtual currency. Bitcoins are an example of a cryptocurrency. However, there are thousands of other types. Cryptocurrencies are not controlled by central banks or any country, and they can be traded in a relatively anonymous way. Many cryptocurrencies can be: bought with ... Bitcoin is a digital virtual currency that is designed to give online users the capacity to process transactions without restrictions from outside third parties like governments and banks. It is also referred to as a type of electronic currency or crypto-currency that is autonomous from conventional banking. The technology was designed in 2009 by an undisclosed individual hiding under an ... Bitcoin und andere Kryptowährungen stellen als Kryptowerte nach § 1 Abs. 11 Satz 1 Nr. 10 KWG Finanzinstrumente dar, weil sie digitale Darstellungen eines Wertes sind, der von keiner Zentralbank oder öffentlichen Stelle emittiert wurde oder garantiert wird und der nicht den gesetzlichen Status einer Währung oder von Geld besitzt, aber von natürlichen oder juristischen Personen aufgrund ...

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Bitcoin, the Gateway Virtual Currency?

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Susan Athey: The Economics of Bitcoin & Virtual Currency - Duration: 32:44. Stanford Graduate School of Business 62,755 views. 32:44. The Value In Cryptocurrency Explained By A Crypto Hedge Fund ... Is Bitcoin (BTC) a gateway virtual currency? Will using BTC lead to more sinister or otherwise naughty behaviour online? There seems to be four prevailing groups of BTC users : Technology ... Q1-What is Bitcoin ? Through its network, Bitcoin acts as a payment platform that functions on completely digital currency. Bitcoin is soaring to new highs. CNN's Richard Quest explains the roller coaster ride, and what's next for virtual currencies.

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