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Português“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC. The United States Commodity Futures Trading Commission, or CFTC, has…
Continue Reading“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example,” said the organization. The Financial Action Task Force…
Continue ReadingThe NFT marketplace noted that it has reported the incident to law enforcement officials and that an inquiry is underway. OpenSea, the world’s largest nonfungible tokens (NFT) marketplace, has issued…
Continue ReadingRussian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies…
Continue ReadingA bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor…
Continue ReadingThe former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading. A former Chancellor of the United Kingdom has raised concerns the country…
Continue Reading“Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” said the OSC. The Ontario Securities Commission, or OSC,…
Continue Reading“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regard to mining crypto in Colombia. Gustavo Petro, who recently won the 2022 Colombian presidential election,…
Continue ReadingIt appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place. Last week, a WeChat…
Continue ReadingThe Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means…
Continue ReadingDoes the struggle between Binance and Reuters, both heavyweights in their respective industries, have broader implications for the crypto sector? Crypto exchange Binance has courted controversy almost from its 2017…
Continue ReadingSEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together. The crypto sector may…
Continue ReadingAt a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete. The core principles of cryptocurrency…
Continue ReadingThe IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.” The Iowa Insurance Division, or…
Continue ReadingMairead McGuinness said that she planned to discuss a compromise through the MiCA proposal currently under review in the EU. Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and…
Continue ReadingA researcher from the University of Nicosia elaborates on key controversies of decentralized finance. As decentralized finance continues its victorious march — although the road is sometimes bumpy — some…
Continue ReadingThe government in Vilnius has approved amendments introducing more stringent regulations for the country’s growing crypto space. The legislation is aimed at managing risks associated with crypto assets and preventing…
Continue ReadingCoin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate. Coin Center, a Washingon, DC-based non-profit blockchain advocacy…
Continue ReadingInternational law firm Holland & Knight served a defendant in a hacking case with an NFT that was created and airdropped by its asset recovery team. Law firms Holland &…
Continue ReadingIn places where crypto has no solid legal framework, self-regulatory organizations act as a ladder for crypto companies to evolve. The crypto market is growing at a rapid pace, with…
Continue ReadingThe Justice Department report, mandated by the president executive order on digital asset development, recommends more efforts along the lines already being pursued. The United States Department of Justice (DOJ)…
Continue ReadingThe bipartisan Lummis-Gillibrand overhaul legislation has been introduced – here’s everything you need to know about the Bitcoin and crypto bill. The bipartisan Bitcoin legislation by U.S. Senators Cynthia Lummis…
Continue ReadingAn increase in regulation has also been met with an adoption of Bitcoin on a wider scale, but what are the impacts of regulation on the industry? Watch This Episode…
Continue ReadingLike with any kind of property, law enforcement has the right to sell your coins and spend the money. Earlier this year, during during the annual Queen’s Speech in the…
Continue ReadingThe parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after…
Continue ReadingThe Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse. Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital…
Continue ReadingLaw, markets, architecture and social norms are forces that constrain individuals’ behavior. Can governments take advantage of these to regulate Bitcoin? Jesse Colzani is a regulatory specialist and Bitcoin researcher.…
Continue ReadingThe bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The…
Continue ReadingA proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a…
Continue ReadingThe collapse of algorithmic stablecoin UST created a ripple effect not just in the crypto market but among world regulators as well. The collapse of the Terra ecosystem, which subsequently…
Continue ReadingA new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds…
Continue ReadingWhile the calls for globally coordinated regulation for cryptocurrencies is a noble effort, the practicality of the situation is far from ideal. The regulation of cryptocurrencies across the world is…
Continue ReadingBritish regulators intend to amplify the enforcement of crypto and make stablecoins a payment method. In April, the United Kingdom’s Economic and Finance Ministry, also known as Her Majesty’s Treasury,…
Continue ReadingAre crypto inheritance solutions a centralizing force? To some, yes, but to others, decentralized solutions are out there. Self-sovereignty is a core principle in the cryptocurrency space: Investors need to…
Continue ReadingLawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own…
Continue ReadingThe United Kingdom’s Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. Sarah Pritchard, the executive director of…
Continue Reading“If the law has clauses related to money laundering activities — anti-money laundering activities — that’s very important to us,” said Panama President Laurentino Cortizo. Laurentino Cortizo, the President of…
Continue ReadingIndia’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate. Indian crypto businesses are struggling with the new tax policies as trading…
Continue ReadingCryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced…
Continue ReadingThree members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s…
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