2023-1-26 17:22 |
It's difficult to pinpoint how a majority of crypto assets can practically function without radically reimaging the current set of securities laws, Lewis Cohen, co-founder of DLx Law, writes. origin »
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The US Securities and Exchange Commission has charged eight individuals and entities associated with the blockchain startup CoinDeal with fraud. They are said to have violated US laws and orchestrated a scheme to obtain client assets totaling $45 million. False…
2023-1-5 15:43 | |
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The Israel Securities Authority (ISA) has forwarded draft amendments that could see the definition of what entails a security expanded and digital assets managed by existing financial laws.
2023-1-5 17:38 | |
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In the wake of the FTX bankruptcy, many crypto companies have been affected and are looking for better alternatives to handle digital assets. Even jurisdictions are calling for regulators to be more strict on cryptocurrency to avoid a repeat of…
2022-11-18 01:45 | |
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Authorities are currently looking into the abrupt collapse of the exchange in the Bahamas, where Sam Bankman-FTX Fried’s had its headquarters, for possible criminal activity and a violation of securities laws.
2022-11-16 23:15 | |
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Authorities in the Bahamas, where Sam Bankman-Fried's FTX was headquartered, are investigating the exchange's dramatic collapse for criminal misconduct and breach of securities laws.
2022-11-16 15:39 | |
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The Japan Virtual and Crypto Assets Exchange Association says it plans to make it easier for authorized exchanges to list digital currencies by loosening the screening process.
2022-10-19 14:44 | |
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The Law Commission of England and Wales is exploring how digital assets should be treated under existing and new legislation, and its suggestions may upend centuries-old legal norms.
2022-10-19 12:30 | |
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Yuga Labs has seen the value of assets associated with its brand decline following news of the SEC’s investigation into whether it broke federal laws. The post Yuga Labs-associated NFTs, token falls following SEC probe appeared first on CryptoSlate.
2022-10-12 16:00 | |
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The laws are expected to come into force in early 2024 or later. EU Approves MiCA The European Union is getting ready to regulate the digital assets sector. Members of...
2022-10-6 15:47 | |
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The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws.
2022-10-3 09:00 | |
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One of the pressures in the crypto market is regulation. Many countries’ regulators are consistent in supporting the control and monitoring of crypto assets. These regulators always create laws to manage the industry and protect investors’ funds.
2022-9-26 16:30 | |
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The order came after the government amended the country's digital assets laws to allow locally mined crypto to be used to pay for imports.
2022-8-9 14:30 | |
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The Law Commission of England and Wales has proposed reforming existing laws, especially private property law, to protect cryptocurrency users and maximize the potential of the technology. The post England Law Commission recommends reforming property laws for digital assets appeared first on CryptoSlate.
2022-7-29 00:00 | |
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The Catawba Digital Economic Zone in South Carolina hopes to attract crypto companies to remotely incorporate under its laws.
2022-7-13 17:00 | |
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South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.
2022-7-14 14:00 | |
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Morocco has joined a growing list of countries pivoting towards drafting and passing comprehensive cryptocurrency laws, even as the adoption rate of digital assets in the North African country continues to surge.
2022-6-29 21:51 | |
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After passing a landmark bill to regulate stablecoins, Japan might become yet another major economy to revise its laws to seize illegally obtained crypto. The post New Crypto Regulations in Japan Could Allow Authorities to Seize Stolen Digital Assets appeared first on BeInCrypto.
2022-6-7 05:00 | |
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Turkey is drafting new crypto laws that would introduce more regulatory oversight in the crypto market and possibly impose some transactions involving digital assets – as discussed by two officials on the matter.
2022-5-26 17:35 | |
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Panama has decided to postpone the legalization of digital assets. According to multiple sources, Panamanian President Laurentino Cortizo has stated that he will not sign the crypto bill. The president stated in the statement that the only way for a reversal to occur is for the crypto bill to include measures that will prevent money […]
2022-5-20 19:17 | |
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The UK government has announced plans that will see stablecoins recognized as a valid form of payment under local laws as part of wider plans to make Britain a global hub for crypto-asset technology and investment.
2022-4-6 22:58 | |
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Binance, the world’s largest cryptocurrency exchange, has won a class action suit levied against the firm for allegedly violating U. S. securities laws. The lawsuit was filed by digital token investors who bought nine different crypto assets via Binance’s online exchange in 2017.
2022-4-1 17:50 | |
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A school in Dubai has announced that it will be accepting cryptocurrencies such as Bitcoin and Ethereum as payment. Dubai is a city that has continued to introduce new and favorable laws regarding cryptocurrency and as a result, has seen the adoption of digital assets rise in recent times. The Dubai school which is scheduled […]
2022-3-29 20:00 | |
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Cryptocurrency can bring more financial inclusion, as such worth considering, said Nandan Nilekani, chairman of software services exporter Infosys at the Reuters Next Conference. Nilekani, who co-founded Infosys in 1981, said “There is a role for crypto as assets but they obviously will have to follow all the laws and make sure that it doesn't […] The post Crypto Regulated As Assets Can “Create A Wave Of Global Companies” Built By A Younger Generation, Says Infosys Chairman first appeared on BitcoinExchangeGuide.
2021-12-2 19:36 | |
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Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing, and the issuance of stablecoins.
2021-11-23 21:15 | |
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“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae.
2021-9-17 20:15 | |
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The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws.
2021-7-25 21:00 | |
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The chairman of the U. S. Securities and Exchange Commission (SEC), Gary Gensler, has clarified how cryptocurrencies falling under security-based swaps are regulated. He affirmed that platforms operating in the centralized or decentralized finance space are implicated by the securities laws.
2021-7-23 18:00 | |
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The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets.
2021-7-22 17:37 | |
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The United States Representative Tom Emmer has again introduced a bipartisan bill called the Securities Clarity Act. The bill is aimed at defining how federal regulators treat digital assets under securities laws.
2021-7-17 19:29 | |
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While some countries like Argentina are looking to propose laws for the use of Bitcoin for salary payments, other countries are more critical of cryptocurrency. The Bank of Thailand (BoT) has cautioned against the use of digital assets like Bitcoin (BTC/USD) and Ethereum (ETH/USD) for the payment of goods and services.
2021-7-10 15:43 | |
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The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today.
2021-5-7 19:00 | |
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Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.” Carstens Repeats the Same […]
2021-3-27 15:15 | |
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The world’s largest country is moving closer to setting up crypto taxation laws after the lower representative house. State Duma passed the first reading on the draft bill affecting digital assets.
2021-2-19 21:55 | |
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In October 2020, the FCA introduced a new set of crypto laws to govern the sale of derivatives on these assets, – which have become effective as of January 6th, 2021. According to the law, cryptocurrency service providers are prohibited from selling, marketing, and distributing crypto-related investment products to retail customers given the risk these […] The post UK’s FCA New Law Prohibiting Sale of Crypto Derivatives to Retail Traders Takes Effect first appeared on BitcoinExchangeGuide.
2021-1-8 23:16 | |
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The Russian Ministry of Finance drafted laws to regulate cryptocurrencies and counter money laundering through digital assets. It proposes to introduce criminal liability for the lack of declaring cryptocurrencies.
2020-9-25 17:51 | |
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The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s investment and securities laws of 2007.
2020-9-16 23:30 | |
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As first reported by a Russian news outlet, Izvestia, the Ministry of Finance in Russia, is proposing an amendment to the federal law on digital financial assets (DFA) that could see Bitcoin miners receive no rewards on their efforts.
2020-9-5 18:37 | |
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The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital assets. In a report first published by Irish Examiner, the Cabinet is set to approve Justice Minister Helen McEntee’s bill, Money Laundering and Terrorist Financing Amendment Bill 2020, to place more […]
2020-8-11 16:38 | |
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In a speech made during the Digital Finance Outreach Conference 2020, Executive Vice President of the European Commission, Valdis Dombrovskis, spoke on the regulation of the digital finance industry, urging EU states to take the step forward in guiding proper regulation of the digital assets.
2020-6-29 20:31 | |
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Two teams of lawyers have filed competing motions to lead plaintiffs in a lawsuit against Block-one, the company behind the cryptocurrency EOS for selling unregistered assets in violation of federal securities laws, reported Reuters.
2020-6-12 19:22 | |
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Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking for public opinion.
2020-6-4 00:02 | |
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Cryptocurrency regulations are quite tricky and up until now, only a few countries can boast of finding the right mix of existing new laws to regulate digital assets fairly. Russia is definitely not among the few of those countries as it always had a passive stance towards privately issued or decentralized cryptocurrencies. After months of […]
2020-6-3 20:52 | |
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A bill introduced by a lawmaker of the California Assembly is proposing an exemption of select crypto assets from California’s securities laws. Crypto Tokens May Enjoy Exemption From Securities Law in California According to a proposed bill by Democrat Ian Calderon and amended in the California Assembly on May 4, 2020, the lawmaker asked theRead MoreRead More.
2020-5-9 22:07 | |
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On Feb 26, Judge Phyllis Hamilton of the Northern District of California ruled that the class-action lawsuit filed by investors claiming Ripple sold unregistered securities will move forward. The judge also noted that digital assets that do not fall under securities law will be subject to laws against unfair, deceptive, or abusive acts or practices […]
2020-3-14 15:06 | |
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Fidelity Digital Assets expands to Europe with U.K. registered branch
2019-12-18 19:55 | |
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The Ukranian government has finalized a money laundering law for virtual assets and virtual asset service providers based on the recommendations put forward by FATF. Ukrainian legislative body Rada published the final version of the law on December 6th.
2019-12-8 19:05 | |
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One of the biggest issues that have faced the cryptocurrency industry has been the need for countries to amend their laws to allow the use of these assets. Now, based on new reports from The Block, banks in Germany are in the process of passing a law that would allow them to hold and sell […]
2019-12-2 01:48 | |
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The Thailand Securities and Exchange Commission (SEC) has announced they are looking into amending the royal decree issued for digital assets in May 2018. According to the Bangkok Post, the SEC has already given certain crypto companies permission to legally operate and serve customers in the region, November 25, 2019.
2019-11-27 00:00 | |
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At Bloomberg’s ‘The Future of Digital Assets’ briefing in London, Chief Strategy Officer for CoinShares, Meltem Demirors, spoke to Alex Webb about CoinShares' goals as a company, crypto-regulatiThe post CoinShares CSO: Inconsistencies in regulatory enforcement of laws hurting industry appeared first on AMBCrypto.
2019-11-21 11:30 | |
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U.S policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge.
Russian troops in Ukraine receive millions in crypto donations, despite international sanctions. CoinDesk investigates how these funds are flowing and talks to fundraisers.
Sportswashing and crypto company hubris are no longer in play in Super Bowl commercials this year. And that's a good thing.
Whereas corporations accumulate capital, decentralized autonomous organizations (DAOs) accumulate engagement and focus on returning benefits to all participants.
Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk's chief content officer Michael Casey.
In a CoinDesk exclusive, the co-founder of Yuga Labs, Wylie Aronow, shares a frank letter touching on his recent diagnosis of heart failure and responding to accusations of racist and nazi imagery embedded within the Bored Ape Yacht Club NFT project.
FTX’s collapse is an inevitable outcome for an industry yet to find its use case. For crypto to survive, it needs to learn from the very financial sector it set out to replace, says Brent Xu, the CEO of Umee.