Here’s what happened this week in Bitcoin in 99 seconds.
News came out earlier this week that investment bank Goldman Sachs was cancelling its plans for a Bitcoin trading desk. However, Goldman Sachs refuted the report, calling it “fake news.” Some Bitcoiners have accused the journalists behind the piece of market manipulation.
Russian police seized 22 BTMs, or Bitcoin ATMs, from locations all across the country. Although recent legislation placed crypto on a more solid footing in Russia, this latest move once again raises doubts over Bitcoin’s legality there. It’s unknown why the machines were seized.
A new presidential decree legalizes cryptocurrency trading in Uzbekistan, introducing licensing for crypto exchanges and a set of requirements they will be obliged to meet. To operate in the country, foreign trading platforms will have to establish local subsidiaries and abide by the country’s relevant laws.
Secretary of Iran’s Supreme Council of Cyberspace reported that the government has accepted cryptocurrency mining as a legitimate industry. All related government organizations as the ministry of communications and IT, central bank, ministry of industry, etc. have agreed to this claim, but the final policy for legislating it hasn’t been declared yet,
An American, Louis Meza, who attempted to steal $1.8 million worth of Ether, has received a 10 year jail sentence. Meza abducted a crypto-rich friend, with the help of 3 accomplices, and stole a USB stick containing the ETH. The victim escaped and alerted police.
That’s what happened this week in Bitcoin. See you next week.