Law Financial News

05.12 / 09:41

Law NFT Court Chinese court says NFTs are virtual property protected by law

A Chinese court in the city of Hangzhou has said nonfungible token (NFT) collections are online virtual property that should be protected under Chinese law.

03.12 / 00:57

Law regulation crimes Terra South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates

A judge with the Seoul Southern District Court has reportedly set aside arrest warrants for Terra co-founder Shin Hyun-seong along with those of 3 Terra investors and 4 developers.

02.12 / 22:53

business Law Bankruptcy hedge fund 3AC bankruptcy process faces challenges amid unknown whereabouts of founders

Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund's founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.

02.12 / 18:57

Law Europe European Union Court How NFT court summons could change the legal landscape

RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court summons to a former employee and a contractor.

02.12 / 04:51

Law CFTC New York State Crypto Companies New York proposes to charge crypto companies for regulating them

The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed crypto companies for regulating them.

01.12 / 23:05

Law Congress We could use crypto regulation — but let's start with basic definitions

As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use cases powering positive change. But other times, it’s based on the assumption that all players in this industry are the same, which is just not true.

01.12 / 01:09

Law regulation Senate Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks

Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.

29.11 / 04:09

business Law Court shares Fried BlockFi sues FTX's Bankman-Fried over shares in Robinhood

Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November.

28.11 / 05:37

Law Ripple regulation FTX fall Utility FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead

Ripple’s APAC Policy Director has described the fall of FTX as “incredibly damaging” for the crypto space, but says the industry should stand the test of time if its focus shifts towards building “real utility.”

28.11 / 02:15

Law Taking down crypto influencers is one step that would help to heal the market

However, the crypto space is notoriously fickle, and the collapse of once-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars in crypto assets almost overnight.

25.11 / 17:09

business Law regulation FTX FTX’s collapse could change crypto industry governance standards for good

The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the day of yore.

25.11 / 13:13

Blockchain Law How does the FTX collapse affect Dubai's crypto ecosystem?

With the FTX contagion affecting various sectors of the global crypto ecosystem, Dubai-based industry leaders commented on how the debacle will affect the budding crypto hub within the United Arab Emirates (UAE).

25.11 / 05:39

Law defi ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched

United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service.

24.11 / 11:29

Government Law Central Bank Russia intends to launch a ‘national crypto exchange’

Russian lawmakers are working on amendments to launch a national crypto exchange. This effort is reportedly supported both by the Ministry of Finance and the Central Bank of Russia which have a long history of disagreement over crypto regulation in the country.

24.11 / 06:47

Law regulation Court Block Earner sued over crypto-yield products, CEO calls for clarity

The CEO of fintech firm Block Earner has lashed out over the “lack of clarity” in Australia’s financial licensing regime after his company was sued by the country’s financial services regulator for providing unlicensed crypto-based investment products.

22.11 / 21:31

Law regulation Cybersecurity Bankruptcy 'Substantial amount' of FTX's assets stolen or missing — bankruptcy counsel

James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks.

22.11 / 17:19

Law defi regulation Court hearing Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

Detained Tornado Cash developer Alexsey Pertsev will spend another three months in custody in the Netherlands, according to a court hearing held on Nov. 22.

22.11 / 06:55

business Law Scams Bitcoin HashFlare founders arrested in 'astounding' $575M crypto fraud scheme

The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy.

21.11 / 20:17

Law SEC My story of telling the SEC ‘I told you so’ on FTX

“I hate to say I told you so” is a phrase oft-repeated but rarely sincere. It’s a delightful feeling to claim credit for warning about a problem in advance. That’s a liberty I’m taking with federal financial regulators at the United States Securities and Exchange Commission.

21.11 / 01:03

Law Binance Washington DC consequences FTX fiasco means coming consequences for crypto in Washington DC

On Nov. 11, while the rest of the country was celebrating Veteran’s Day, Sam Bankman-Fried announced that FTX — one of the world’s largest cryptocurrency exchanges by volume — had filed for bankruptcy. Lawmakers and pundits quickly latched onto the rapid disintegration of FTX to call for more regulation of the crypto industry. “The most recent news further underscores these concerns [about consumer harm] and highlights why prudent regulation of cryptocurrencies is indeed needed,” said White House Press Secretary Karine Jean-Pierre.

19.11 / 23:27

Law regulation Banks FTX illustrated why banks need to take over cryptocurrency

FTX — the three letters on everyone’s lips in recent days. For those active in the crypto space, it has been a shattering blow as a tumultuous year for crypto nears an end.

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