Law Financial News

20.02 / 08:21

Law Stablecoin defi Terra Usd Terra safe Yield platform Stablegains sued for promoting UST as a 'safe' investment

Decentralized finance yield platform Stablegains has been sued in a Californian court for allegedly misleading investors and failing to comply with securities laws.

19.02 / 09:55

Law regulation FTX FTX Token creditors Voyager creditors serve SBF a Subpoena to appear in court for a ‘remote deposition’

Representatives for Voyager's Unsecured Creditors have requested that former FTX CEO Sam Bankman-Fried (SBF) and a number of top-level executives from FTX and Alameda Research, provide documents and appear in court remotely next week for a deposition.

17.02 / 01:37

Law regulation Court Internet Fried Sam bail Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report

Judge Lewis Kaplan reportedly targeted Sam Bankman-Fried’s internet usage in a hearing aimed at reviewing the former FTX chief executive officer use of a virtual private network, or VPN.

16.02 / 10:21

Law defi Hackers hacks Court Mango Markets exploiter seeks to keep disputed funds paid as ‘bug bounty’

The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is seeking to keep his share of crypto gained from his so-called “highly profitable trading strategy.”

16.02 / 10:21

business Blockchain Law Adoption regulation lawmakers Wyoming lawmakers pass bill to prevent forced disclosure of private keys

Wyoming lawmakers have passed a bill that will prohibit courts in the state from forcing someone to disclose their digital asset private keys, with one minor exception.

16.02 / 01:27

Government Law regulation SEC Kraken us government The SEC shook Kraken down for $30M, but it doesn't mean they had a case

The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in existence — decided to buy its peace rather than fight with the SEC for years over whether it was offering unregistered “securities” through its staking program. The nature of the settlement is that Kraken neither admitted nor denied the SEC’s allegations, and the existence of the settlement, technically speaking, cannot be used as legal precedent for any argument either side of the issue might present.

15.02 / 21:21

Blockchain Technology Law exchanges Tech KYC Tech Analysis Why zero-knowledge KYC won't work

The emergence of blockchain technology presents an opportunity to reexamine and innovate solutions used in our day-to-day life. Blockchains and, broadly speaking, the digital space fuelled by an artificial intelligence revolution urgently need to establish verifiable human identities to ensure trust, accountability and regulatory compliance.

15.02 / 16:59

business Law regulation LUNC Terraform Labs Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs

South Korean prosecutors have requested an arrest warrant for the former CEO of Tmon, a Korean e-commerce platform, after taking billions of won in LUNA (LUNA), now known as LUNA Classic (LUNC), for promoting Terra as a simple payment gateway.

15.02 / 02:01

business Government Law SEC Gold Dollar Binance CEO: crypto industry will probably move to non-dollar stablecoins

The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.”

14.02 / 23:00

Government Law regulation SEC us government Expect the SEC to use its Kraken playbook against staking protocols

The United States Securities and Exchange Commission (SEC) settledwith Kraken on Feb. 9 for an action taken against the exchange’s staking rewards program. Kraken paid a $30 million fine and agreed to halt the program.

14.02 / 22:59

Law regulation SEC Congress lawmakers debate US lawmakers US lawmakers and experts debate SEC's role in crypto regulation

The United States Securities and Exchange Commission and its chair Gary Gensler were the targets of many lawmakers and witnesses at a hearing exploring the crash of the crypto market.

14.02 / 19:19

Law regulation vpn Court Fried Sam Sam Bankman-Fried's use of a VPN on Super Bowl Sunday 'raised concerns', say prosecutors

Prosecutors behind the criminal case against former FTX chief executive officer Sam Bankman-Fried have requested additional time to consider the legal implications of him using a virtual private network, or VPN.

13.02 / 20:00

Law regulation European Union Banks Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure

The European Parliament has released a report on a draft bill proposing that banks holding cryptocurrencies set aside a large amount of capital in an effort to address potential risk.

13.02 / 07:43

business Law Department Of Justice Fraud Court Crypto, forex platform CEO pleads guilty in $248M fraud scheme

Eddy Alexandre, CEO of purported crypto trading platform EminiFX has pleaded guilty to commodities fraud in a New York district court, agreeing to pay back millions to investors who lost funds to his "cryptocurrency investment scam.

12.02 / 13:39

Law Adoption Investments bills legislation Crypto Companies Consumer Federation of California reattempts to regulate crypto companies

The Consumer Federation of California (CFC), a nonprofit advocacy organization working for consumer rights, sponsored a bill that seeks to license and regulate the activities of cryptocurrency exchanges.

12.02 / 06:25

Law Adoption regulation economy IMF El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, suggests IMF

El Salvador has been advised to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets by the global monetary watchdog.

11.02 / 08:45

Law Adoption Mining regulation Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes

Kazakhstan, one of the biggest Bitcoin (BTC) mining hubs in the world, announced plans to introduce new crypto regulations aimed at reducing tax fraud and unlawful business operations.

11.02 / 06:03

Law NFT Crypto Collectibles Court BAYC copycat files opposition to 10 Yuga Labs trademark applications

One of the founders of the Bored Ape Yacht Club copycat NFT collection RR/BAYC has filed an opposition notice against 10 trademark applications from Yuga Labs.

10.02 / 23:49

Law regulation SEC Kraken Staking ban is another nail in crypto’s coffin — that’s a good thing

Rumors of an impending crypto ban came to fruition on Feb. 9 with the Securities and Exchange Commission’s enforcement action against Kraken, which resulted in a settlement where the exchange agreed to end its staking services for American users. The action will likely extend to all companies based in the United States.

10.02 / 23:09

business Blockchain Law privacy SecretDAO votes to restructure foundation after public spat between organizations

The DAO that governs privacy-focused blockchain Secret Network (SCRT) has voted to restructure its Secret Foundation as a non-profit with a “transparent operation,” according to the proposal’s official page.

10.02 / 17:19

Law Adoption Binance regulation Dubai Crypto projects respond to privacy coin ban in Dubai

The Virtual Asset Regulatory Authority (VARA) recently provided the much-awaited guidelines for virtual asset service providers (VASPs) in Dubai, United Arab Emirates, which included a ban on privacy coins.

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