Bitcoin Trader Robbed in Britain

Criminals penetrated into the bitcoin trader's house, and, threatening with murder, forced him to transfer to them a large sum in bitcoins
29 January 2018   189

Four armed masked criminals broke into the house of the cryptocurrency trader in Oxfordshire, England and, threatening with murder, forced him to transfer to them a large sum in bitcoins. Express reports about this.

It is reported that the robbery occurred last week in the city of Moulsford. Unknown infiltrated the trader's house in the early morning, tied his wife, and the child who was in the carriage was thrown out the door.

The exact amount of the stolen crypto currency is not called, but, as the newspaper writes, it is a question of the whole "state".

Despite all the efforts of the police to search for intruders, including the helicopter usage, it has not been possible to find their location yet.

Nevertheless, according to representatives of the analytical agency Explain The Market, the robbers will not be to cash out the stolen bitcoins easily.

These are criminals who have likely caught on to the current popularity of Bitcoin. But depending on how much they have, these coins are like being in possession of a rare painting. Trying to exchange large amounts for normal money without alerting suspicion will be very difficult.

Mark Shone

Chief Executive, Explain The Market

According to law enforcement agencies, this is the first robbery in the UK of this kind. 

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   78

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.