Tornado Cash Sanction Has Wider Liability Implications For Crypto Sector

The August 2022 sanction of Tornado Cash by the OFAC has highlighted the legal concept of ‘Strict Liability’ and potential heavy fines for crypto platforms – even if they were unaware of their platforms being used for illicit activity. дальше »

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Polkadot Crypto DOT No Longer Security: "Token Has Morphed"

Web3 Foundation chief legal officer announces that DOT should be treated as software after three years of discussions with SEC дальше »

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How To Use Binance in Ontario? Is Binance Legal in Ontario?

In recent weeks, there has been much debate about whether Canadians are allowed to use cryptocurrency exchanges like Binance. While many people believe that these platforms are illegal in the country, some experts say that Canada is actually one of the most welcoming countries when it comes to cryptocurrencies. дальше »

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The Bitcoin Revolution in El Salvador Has Failed

More than a year has passed since El Salvador made history by becoming the first country in the world to make bitcoin a legal means of payment. According to a number of experts, the results are disappointing: little has changed in the country, except that El Salvador is now much better known in the world, […] Сообщение The Bitcoin Revolution in El Salvador Has Failed появились сначала на Coinstelegram. дальше »

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You have our swords: 12 independent entities pledge legal support for Ripple

The evidence is mounting as “friends of the court” line up in support of Ripple Labs.

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The Japanese Digital Ministry Announces the Formation of Its Own DAO

The newly formed Digital Agency of Japan said that it would form its own decentralized autonomous organization (DAO) in order to better understand its apps before granting them legal status. The Web 3.0 Initiative Is in Charge of the Project… дальше »

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Japan’s Digital Agency launches DAO to explore DAOs and Web3

The group added it would consider the benefits and challenges of granting the DAO legal status in Japan, citing the state of Wyoming approving similar legislation in July 2021. дальше »

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Japan: Digital Ministry Will Launch Own DAO to Understand How They Work

The newly-established Digital Agency of Japan said it would establish its own decentralized autonomous organization (DAO) to better understand its applications before permitting them legal status. дальше »

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Now 11 Entities Back Ripple With An Amicus Brief Vs. The SEC

The amount of supporters for Ripple Labs in its legal battle with the U. S. Securities and Exchange Commission (SEC) keeps growing. Most recently, the U. S. exchange Coinbase sent an amicus brief to the responsible judge Analisa Torres. дальше »

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New ‘crypto token regime’ instituted at the Dubai International Financial Centre

The emirate’s free trade zone has its own legal system and courts. Now its crypto regulations have been augmented and extended to all tokens recognized in the zone. дальше »

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SEC chair highlights crypto enforcement cases to legal experts

Gary Gensler used examples of SEC enforcement against BlockFi and a former Coinbase employee in justifying the agency’s approach to violations of U.S. securities laws. дальше »

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Plan B. Bitcoin and Tether as a Legal Tender?! Bitfinex&Polygon. Michele Foletti Mayor of Lugano.

On October 28, Michele Foletti, Mayor of Lugano, and Milena Mayorga, Ambassador of El Salvador to the United States, announced that the City of Lugano and the Republic of El Salvador have signed a Memorandum of Understanding on Economic cooperation. дальше »

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Attorney Explains Why Having Amicus In The XRP Lawsuit Is Good

The legal battle between the SEC and Ripple XRP still stands, and the rulings have not appeared in favor of the watchdog’s claims. However, after much resistance, the SEC finally released the controversial Hinman documents to Ripple, marking a breakthrough for the defendants. дальше »

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XRP Lawsuit: SEC Case Takes Surprising Turn As Coinbase Asks Court For Permission To Support Ripple

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As Inflation Bites, Which Country Will Be Next To Adopt Bitcoin as Legal Tender?

Some of the biggest economic problems among developing countries are the lack of financial inclusion and high levels of inflation. But is Bitcoin a practical solution? The post As Inflation Bites, Which Country Will Be Next To Adopt Bitcoin as Legal Tender? appeared first on BeInCrypto. дальше »

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Development bank of El Salvador refuses to disclose country’s Bitcoin acquisition records

The Development Bank of El Salvador, BANDESAL, has refused to disclose the  government’s Bitcoin purchase and sale records for the second time, according to an October 31 tweet by the country’s Anti-Corruption Legal Advisory Center (ALAC). дальше »

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XRP takes a ride as Ripple’s legal tussle with SEC reaches Summary Judgment phase

XRP price has surged in the last 24 hours as the legal tussle between the US Securities and Exchange Commission (SEC) and Ripple approaches the Summary Judgment phase. Both sides have already filed motions for summary judgment and other parties are filling requests to file as Amicus Curiae. дальше »

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Ripple’s allies expand: Coinbase files amicus brief in fight against SEC

Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC.

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Crypto-Linked Terror Attacks Probably Quadrupled, UN Official Says: Report

Crypto-financed terror attacks may have quadrupled in the last few years, according to Svetlana Martynova, senior legal officer at the United Nations Counter-Terrorism Committee Executive Directorate. дальше »

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Hong Kong: Latest regulatory update might make retail crypto-trading legal soon

Hong Kong regulators have disclosed plans to investigate exposing the cryptocurrency sector to ordinary investors. According to a government announcement this morning, the Securities and Futures CommiThe post Hong Kong: Latest regulatory update might make retail crypto-trading legal soon appeared first on AMBCrypto. дальше »

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Ripple: SEC Could Face ‘Bruising Defeat’, Legal Experts Predict

As Bitcoinist reported, the legal battle between Ripple Labs and the U. S. Securities and Exchange Commission (SEC) is nearing its end in leaps and bounds. Both parties recently filed their motions for summary judgment after the end of the discovery phase. дальше »

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This latest association joining Ripple's cause could mean this for Ripple vs. SEC

Washington D.C.-based Blockchain Association has rallied behind Ripple in its legal battle against the Securities and Exchange Commission (SEC). On 29 October, the crypto advocacy and lobbying outfit The post This latest association joining Ripple's cause could mean this for Ripple vs. SEC appeared first on AMBCrypto. дальше »

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Twitter’s top brass gutted as Elon Musk’s takeover begins

Some of Twitter’s C-suite has reportedly been flushed out by the company’s new owner, with its CEO, chief financial officer and legal head all sacked on Elon Musk’s first day at the helm. дальше »

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SushiSwap: 3 entities to be incorporated to direct the affairs, details inside

Members of the SushiSwap DAO have voted overwhelmingly in support of a proposal that sought the legal restructuring of the DAO, decentralized exchange SushiSwap [SUSHI] confirmed in a tweet on 26 OctoThe post SushiSwap: 3 entities to be incorporated to direct the affairs, details inside appeared first on AMBCrypto. дальше »

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Claims Agency XClaim in a Legal Battle with U.S. Bankruptcy Judges 

XClaim, an agency that helps investors claim their assets from entities that have gone bankrupt, is set to go under sanctions hearing in U.S. Bankruptcy courts. XClaim is part of the team helping account holders recover funds from entities like… дальше »

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SEC finally bows to this motion; what could be next for Ripple?

The long-running legal spat between the SEC and Ripple seemed to pick up momentum this year, but a resolution may be close at hand. Recently, things started to take shape, and some people both insThe post SEC finally bows to this motion; what could be next for Ripple? appeared first on AMBCrypto. дальше »

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Hong Kong to Make Retail Crypto Trading Legal: Report

Hong Kong plans to legalize retail trading of cryptocurrency as a means of becoming a crypto hub, Bloomberg reported Thursday. дальше »

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Sushi DAO approves proposal to evolve into 3 legal entities

Sushi DAO has unanimously approved a proposal to set up three legal entities in Cayman Island and Panama to manage the affairs of the protocol. The post Sushi DAO approves proposal to evolve into 3 legal entities appeared first on CryptoSlate. дальше »

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Sushi DAO Consents to Adopt a New Corporate Legal Framework

Sushi DAO, the decentralized sushi community has approved a new legal framework with Three new companies. sushi's actions, despite gathering huge unanimous votes, received some unsupportive remarks from some customers. дальше »

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China Market Update: Crypto is NOT prohibited in China

China would not be China if there weren't ways to circumvent strict regulations. Ownership of crypto is still legal and legally protected. Most in the West greatly underestimate the flexibility of the Chinese system. дальше »

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Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours

XRP seems to have fallen short in capitalizing on the procedural wins that Ripple has gained from its ongoing legal battle against the SEC. Although the asset managed to increase by almost 2% over the last 24 hours, it is still down by 1. дальше »

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Web3 Foundation is Against the European Commission’s Expanded Product Liability Directive

Daniel Schonberger, Chief Legal Officer of the Web3 Foundation has condemned the proposed expansion of the Product Liability Directive (PLD) by the European Commission, дальше »

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Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb

Coinspeaker Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale. дальше »

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Australian watchdog launches legal action against BPS for misrepresenting ‘crypto’ token Qoin

The Australian Securities and Investment Commission (ASIC) has launched legal action against BPS Financial Pty Ltd (BPS) over engaging in unlicensed conduct and misleading representations about its crypto token Qoin, according to an ASIC press release on October 25. дальше »

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Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre

Tron (TRX) managed to pull a Bitcoin-like feat almost two weeks ago when it became a legal tender for the Commonwealth of Dominica. The 16th largest cryptocurrency in terms of market capitalization successfully replicated Bitcoin’s feat when it became a legally accepted tender within the territories of El Salvador. дальше »

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Owner of Top South Korean Crypto Exchange Facing Eight Years in Prison

Bithumb is still struggling to find investors due to legal risks associated with its former de facto owner, Lee Jung-hoon дальше »

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CFTC aggressively enforced actions against 18 crypto-related cases in 2022

The Commodity Futures Trading Commission (CFTC) said it has aggressively enforced 18 crypto-related legal actions in 2022 to show its commitment to protecting consumers and ensuring market integrity. дальше »

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Q3 Earnings Show Elon Musk’s Tesla Still Holds Nearly $220M In Bitcoin Despite Recent Turbulence

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UK Law Commission expects 'substantial impact' from digital asset law review

Legal jurisdictional issues relating to cryptocurrencies and digital assets have necessitated a law reform project sponsored by the Ministry of Justice. дальше »

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How Crypto Might Shake Up England’s Ancient Property Laws

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. дальше »

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UK Law Commission to review international laws on crypto to consider legal reforms

The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023.

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The Mango Markets Exploiter Stated His Actions Were “Legal”

Avraham and his team declared themselves responsible for the exploit on Mango Markets and claimed it is legal. дальше »

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Cardano Founder Takes Jab at Bitcoin SV

The Cardano founder has shared his take on Bitcoin SV’s most recent legal threat дальше »

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Bitcoin, space travel and TikTok debut in Guinness World Records

The latest edition has included a host of achievements from “Cryptomania,” including the record CryptoPunk NFT sale and El Salvador becoming the first country to adopt BTC as a legal Tender. дальше »

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Mango Markets exploiter said actions were ‘legal,’ but were they?

A crypto lawyer believes the Mango Markets exploiter Avraham Eisenberg could still face consequences despite users supposedly agreeing not to pursue legal action. дальше »

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First Mover Asia: Macau’s Digital Currency Embrace Could Be a Nightmare for Its Casino Industry; Bitcoin Points Upward

The Special Administrative Region passed a bill that would create a legal framework for accepting digital currency, but would also allow China to monitor Chinese nationals visiting the territory; the largest cryptocurrency by market cap is trading above $19.5K. дальше »

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Celsius judge says court may look to UK consultation paper in absence of US guidance

Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy. дальше »

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Digital Currency Could Soon Become Legal Tender In Macau – Here’s How

Macau is inching closer to the eventual adoption of a digital currency as it strives to develop a more comprehensive set of measures to prevent the flow of dirty money and tax evasion in the largest gambling hotspot in the planet. дальше »

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Macau Discusses Proposed Legislation to Accept Digital Currencies as Legal Tender

Macau, one of China's special administrative regions with a robust casino industry, is pursuing legal tender status for digital currencies. дальше »

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Macau’s Executive Council seeks to subject digital currencies to same regulations as fiat

Macau Macau’s Executive Council has submitted a draft of an umbrella regulatory framework that concerns the legal standardization of all currencies in the region, including digital currencies, to the Legislative Council for deliberation, according to a news release by the Executive Council on October 14. дальше »

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