Bitcoin News Mash-Up: NCCOB Take on Bitcoin Regulation; New Bitcoin Guidelines for Australians; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

North Carolina Bitcoin Law Differs from New York’s
While the proposed Bitcoin regulations by the New York Department of Financial Services are facing much criticism from the entire cryptocurrency community, the North Carolina Commission of Banks (NCCOB) is hoping to bring more Bitcoin friendly laws for the local businesses and consumers. Despite creating an altogether separate license for Bitcoin and likewise digital currencies, the NCCOB has hinted to treat such assets as monetary value under the Money Transmitters Act. This law would require companies having more than $100,000 worth to get a state-issued license to operate.

Australian Government Publishes Fresh Guidelines for Bitcoin Companies
Days after proposing the Bitcoin regulations, in which it is clearly mentioned that Bitcoin will not be treated as a currency, the Australian government stepped further ahead in implementing the law. The regulatory department recently published fresh guidelines for local Bitcoin businesses, in order to advise the latter about their certain tax obligations. The webpage also asked people to leave their views, which will be considered in the future to further shape the law.

Newegg Starts Accepting Bitcoin in Canada
Seeming satisfied from its venture at home, Newegg has decided to expand its Bitcoin operations in Canada as well. The California-based electronic retail store announced yesterday about its agreement to allow Canadian customers to pay in BTC. Citing their commitment to international growth, the company’s North America Marketing Head Sorem Milis said:

“Extending bitcoin acceptance to our Canadian customers is yet another important milestone as we build the company’s international presence.”

Santander Orders a Study on Bitcoin
Santander recently ordered an investigation into Bitcoin and the potential impacts it can put on currency banking sector. The very-renowned banking giant has offices in five continents and currently employs a staff of more than 180,000 employees. This newly commissioned study is titled “The Impacts of Bitcoin on Banks”, and is directed by Yegii.

To contact the assembler of the stories: Yashu Gola at yashu@forexminute.com

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