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California Lawmaker Proposes New Bill to Adopt BTC as Legal Tender
On Feb 19, 2022, Political advisor Ian C.Calderon tweeted that he and BTC expert Dennis Porter were working on a Bipartisan legislature. He said he introduced a bill that seeks to make BTC a legal tender in California. дальше »
2022-2-21 11:00 | |
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Ripple Asks Court To Dismiss Fraud Charges, Says Plaintiff Hasn’t Provided Substantial Evidence To Support Claims
The legal battle between Ripple and investors continues to poodle ahead. The latest development is a filing by the San Francisco-headquartered blockchain payments firm asking the court to dismiss the fraud charges put forward by the plaintiff on the account of lack of evidence to support the said claims. дальше »
2020-6-10 17:50 | |
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Bitcoin Emoji Sees Billionaire BSV Backer Hint Legal Action Against Twitter CEO
Calvin Ayre has hinted at legal action following the addition of a Bitcoin emoji to Twitter. The prominent Bitcoin SV (BSV) proponent said lawsuits are coming, and it’s “not going to end well” for the company. дальше »
2020-2-6 22:18 | |
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Here's what could happen if Bitcoin ran MimbleWimble
Monetary sovereignty is the power of the state to exercise exclusive legal control over its currency but what if a person has this power within a hand's reach? Prominent BTC investor Trace Mayer said,The post Here's what could happen if Bitcoin ran MimbleWimble appeared first on AMBCrypto. дальше »
2019-12-16 00:30 | |
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Is EtherDelta A Scam? Chinese Police Are Interested In Trading Platform’s Activity
Chinese police are investigating the activities of the decentralized exchange EtherDelta. This was reported by the managing partner of Primitive, Dovey Wan: “EtherDelta is involved in a major scam in China, police officially take legal action against it,” said Dovey. дальше »
2019-8-7 13:03 | |
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QuadrigaCX’s auditor EY and its lawyers will get $1.6M while victims are kept waiting
A judge in Canada has approved over $1. 6 million in fees for businesses seeking to recover funds lost as a result of QuadrigaCX’s demise. In a legal notice published yesterday, Nova Scotia Supreme Court Judge Darlene Jamieson said: “There being no expressed opposition to the activities and accounts as presented by the monitor nor to the fees of its legal counsel, I approve the fees and activities of the monitor during the CCAA proceedings and the fees presented towards legal counsel. дальше »
2019-8-1 14:12 | |
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Bitfinex fights back against NYAG, says it never served New York customers
iFinex, the company that owns and operates Tether and Bitfinex, said that the claims made by the New York Attorney General’s office that the companies served New York residents throughout last year were “misleading. дальше »
2019-7-24 12:56 | |
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Bitcoin Still Legal In India; Crypto Regulation in Works
Bitcoin will remain legal in India while the government works on regulations, a minister has said in new positive comments on the fate of the industry. Finance Minister: Bitcoin Regulations Coming Responding to a request for clarity on the state’s view of cryptocurrency, Anurag Thakur, India’s Minister of State for Finance & Corporate Affairs, firmly denied any token was illegal. дальше »
2019-7-19 10:59 | |
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UK drafts collaborative plan to crack down on cryptocurrency crime
The UK government is seeking to crack down on the use of crypto assets for money laundering or other illicit activities. To do so, the government has published the Economic Crime Plan, agreed between the Chancellor Philip Hammond, Home Secretary Sajid Javid, and heads of law enforcement, major financial institutions and legal, accountancy and property organisations. дальше »
2019-7-15 14:54 | |
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Winkevoss twins consider joining Facebook’s ‘cryptocurrency’ despite beef with Zuckerberg
The Winklevoss brothers, co-founders of cryptocurrency exchange Gemini and renown for their well-documented legal battle with Facebook, are seemingly willing to ‘get into bed’ with the tech giant in an attempt to spread the adoption of digital currencies. дальше »
2019-7-11 19:28 | |
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Bitcoin Trading is Illegal in Iran, Says Central Bank Deputy Governor
Holding, selling, and purchasing of bitcoin are illegal in Iran, an official with the central bank told Tasnim News. Deputy governor for new technologies, Mr. Nasser Hakimi, said on Monday that the Supreme Council on Countering Money Laundering had banned bitcoin trading. дальше »
2019-7-8 12:03 | |
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Putin approved Libra. US Congress – not yet
While US Congress is preparing to listen to the arguments of Mark Zuckerberg in favor of launching his stablecoin Libra, Moscow is already giving Facebook cryptocurrensy the green light. Will Special Prosecutor Muller investigate again? Russian Deputy Finance Minister Alexei Moiseev said that Libra would be completely legal in the country. There are no obstacles […] дальше »
2019-7-4 23:27 | |
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Insurance firm Legal & General adopts Amazon’s blockchain for pension deals
Legal & General, a multinational British insurer, has partnered with Amazon to create a blockchain system for corporate pension deals. According to Reuters, Legal & General will be using Amazon Web Services’ managed blockchain system to process bulk annuities – benefit pension schemes sold by companies to insurers in a bid to mitigate risks for policy holders. дальше »
2019-6-12 17:49 | |
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UK Based Insurer L&G to Use Amazon AWS Based Manged Blockchain System for Corporate Pensions
Amazon Launches Blockchain-based System News outlet Reuters has confirmed that one of the most valuable companies in the world, Amazon are partnering with UK based insuring giants Legal & General to develop a blockchain system for handling corporate pension deals. дальше »
2019-6-12 16:39 | |
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SEC Suggests Ethereum is Usable Currency in Dramatic Kik Lawsuit
By CCN: Ethereum’s status as a legitimate transactional currency was confirmed once again this week – by none other than the Securities and Exchange Commission. The SEC’s recent lawsuit against Kik (KIN) details the particulars of the KIN token sale – the public phase of which was carried out against ETH, as opposed to the U. дальше »
2019-6-5 16:57 | |
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SEC’s complaint against Kik is based on ‘flawed legal theory,’ claims Kik Interactive’s General Counsel
Kik Interactive Inc. , a messaging service, responded to the enforcement actions taken against it by the U. S. Securities and Exchange Commission [SEC]. In a press release, Chief Executive Officer of Kik, Ted Livingston, said that they had been expecting this and now, they “welcome the opportunity to fight for the future of crypto. дальше »
2019-6-5 10:30 | |
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Bitcoin Trading Popularity Spooks Malawi Central Bank Warning Against Cryptocurrency
By CCN: The governor Reserve Bank of Malawi (RBM) has warned that cryptocurrencies are not legal tender and should not be used in place of the legal fiat currency, the Malawi Kwacha. According to local media, Dr. дальше »
2019-5-30 11:40 | |
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Kik raised $98M with a potentially illegal ICO. Now it wants your money to fight the SEC
Kik, the embattled messaging startup behind the Kin cryptocurrency, is now crowd-sourcing donations to help fund its legal battle with US regulators. The Defend Crypto Fund is said to be tailored specifically to fight the US Securities and Exchange Commission (SEC) “on behalf of the future of crypto in the [United States]. дальше »
2019-5-28 17:30 | |
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Bitcoin [BTC] ownership, trading should be legal in China, says Bank of China Council member
Bitcoin [BTC] received a major boost after Sa Xiao, Council Member at the Bank of China’s Law Research Association, said that it should be legal for people in China to own Bitcoin [BTC], despite the government’s ban on crypto transactions and assets. дальше »
2019-5-22 17:30 | |
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Owning Bitcoin Legal Despite Govt Trading Ban, Says Bank of China Council
By CCN: According to Sa Xiao, a Council Member at the Bank of China’s Law Research Association, it is legal for individuals to own bitcoin in China despite the government’s blanket ban on trading. дальше »
2019-5-22 10:31 | |
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Tether Partly Backed by Bitcoin, Court Transcription Reveals
Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets. дальше »
2019-5-22 23:02 | |
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Myanmar Central Bank Determined to Curb the Flourishing Local Crypto Industry
The Central Bank of Myanmar (CBM) is determined to curb the growing local cryptocurrency industry. This comes after the central bank issued a warning against engaging in cryptocurrency activities. дальше »
2019-5-21 16:58 | |
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Blockstream’s new ‘Bitcoin ICO’ platform is handy – but you still need to know the laws
The blockchain infrastructure firm that sent a Bitcoin satellite into space is launching a platform to allow businesses to offer security tokens on the Liquid Network. Blockstream announced the launch of “Liquid Securities” earlier today at CoinDesk’s blockchain and cryptocurrency conference, Consensus. дальше »
2019-5-15 17:15 | |
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Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies. дальше »
2019-5-11 21:34 | |
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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means
The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million. дальше »
2019-4-27 01:30 | |
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New York Makes First Money Laundering Conviction Involving Cryptocurrency
In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments. дальше »
2019-4-25 20:37 | |
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US Presidential Candidate Yang Promises ‘Clear’ Bitcoin Regulation
2020 US Presidential hopeful Andrew Yang has given the clearest sign yet that he welcomes Bitcoin, releasing a dedicated statement on cryptocurrency regulation this week. Yang Highlights ‘Vast Potential’ Yang, whose pitch revolves around radical economic policy such as installing a Universal Basic Income (UBI), said that he would create “clear” legislation on crypto, using pro-industry legal schemes such as that of Wyoming as role models. дальше »
2019-4-19 19:00 | |
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Qualcomm’s Value Balloons by $25 Billion in Apple-Fueled Relief Rally
By CCN: A two-year legal battle between chipmaker Qualcomm and tech giant Apple was settled today, propelling Qualcomm’s stock higher by a double-digit percentage. Investors cheered a thawing in relations between the two tech giants. дальше »
2019-4-17 21:20 | |
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QuadrigaCX Starts Bankruptcy Proceedings
It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million. дальше »
2019-4-10 17:39 | |
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Mt. Gox: Legal Advocate Quits, Takes Massive Loss on Bitcoin Claim
Andy Pag, who founded Mt. Gox Legal, has resigned his position as leader of the group, which represents the majority of the now-defunct Bitcoin exchange’s creditors (users who still had funds on the platform at the time of its implosion. дальше »
2019-4-10 00:10 | |
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Mt. Gox might need 2 more years to repay millions worth of lost Bitcoin
The leader of the group representing victims of the defunct cryptocurrency exchange Mt. Gox is stepping down from his post. The founder and coordinator of Mt. Gox Legal, Andy Pag, is resigning in the midst of a “legal quagmire that could take years to resolve,” he told CoinDesk in an interview. дальше »
2019-4-9 14:35 | |
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China wants to destroy ‘wasteful’ Bitcoin mining
China, one of the world’s most prominent blockchain and cryptocurrency forces, wants to put an end to “wasteful” Bitcoin mining. The National Development and Reform Commission (NDRC) has added cryptocurrency mining to its latest list of industries it wants to restrict, or eliminate, Reuters reports. дальше »
2019-4-9 11:17 | |
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LocalBitcoins, Once a Go-To for Anonymous Bitcoin Transactions, Adds KYC
The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities. дальше »
2019-3-28 18:00 | |
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After QuadrigaCX: New Regulations for Canadian Exchanges Are in the Works
As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges. дальше »
2019-3-20 18:42 | |
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As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets
As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends. дальше »
2019-3-5 20:20 | |
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Coinbase Bought Neutrino Because Its Old Analysis Providers Sold User Data
Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data. дальше »
2019-3-5 23:58 | |
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Blockchain Advocacy Coalition Sponsors Bill to Allow Crypto for Legal Cannabis Tax
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. дальше »
2019-3-1 20:16 | |
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Pot Stocks Get High as Fed’s Powell Calls for Banks to Clear the Smoke
Speaking in front of the US Congress today, US Federal Reserve Chair Jerome Powell said clarity is needed for US banks dealing with cannabis companies. Marijuana is illegal under Federal law but legal now in 10 US states creating conflict for financial institutions. дальше »
2019-2-27 11:50 | |
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QuadrigaCX and the Million Dollar Questions: What We Do and Don’t Know
QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him. дальше »
2019-2-26 22:21 | |
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Wyoming Passes New Friendly Regulations for Crypto Assets
The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets. дальше »
2019-2-15 22:18 | |
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Russia Isn’t Bothered to Recognize Bitcoin for Now, Says Justice Minister; What Drove his Decision?
Russia’s Minister of Justice, Alexander Konovalov, has indicated that it is unnecessary to give cryptocurrencies a legal definition at this point in time, according to the country’s state-owned news agency TASS. дальше »
2019-2-15 13:59 | |
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