Frank Schaeffler, a member of German parliament’s Finance Committee has issued a statement recognizing Bitcoin as “Rechnungseinheiten,” which translates to “units of account”.  Many news sources are reporting that this makes Bitcoin ‘private money’  or ‘legal tender’   in Germany. But what exactly does the designation of “Rechnungseinheiten” mean for German Bitcoin users and businesses? Via Pymnts.com … […]

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Second Quarter 2013 in summary Gold jewellery demand rises 37% in Q2 2013, led by Indian and Chinese consumers Lower gold prices generated a surge in global jewellery demand to 575.5t, the highest volume for five years. In value terms demand was 20% higher than Q2 2012. Sizeable ETF outflows countered by record bar and […]

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First NY, then the House and now the Senate, US regulators are turning their attention to virtual currencies. On Monday the US Senate Committee on Homeland Security & Governmental Affairs sent a letter to Homeland Security for information on any policies, procedures or guidance they have that pertains to “virtual currencies”. The letter states the […]

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The United States House Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies 2014 appropriations bill recommends spending amounts for a number of government agencies including the FBI. In their 2014 appropriations bill, the subcommittee directs the FBI to report on Bitcoin, specifically what the FBI is doing to address the “challenge” that they see […]

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