Law Financial News

01.11 / 23:59

business Law Mining Bankruptcy Financial Core Scientific may consider bankruptcy following uncertain financial condition: Report

Bitcoin mining firm Core Scientific is reportedly considering a potential bankruptcy amid a group of its convertible bondholders consulting restructuring lawyers.

01.11 / 16:03

business Technology Law Adoption centralized exchanges Crypto adoption via regulation: Setting rules for centralized exchanges

Centralized cryptocurrency exchanges have become the backbone of the nascent crypto ecosystem, making way for retail and institutional traders to trade cryptocurrencies despite a constant fear of government crackdowns and lack of support from policymakers.

31.10 / 09:19

business Law Ripple XRP Support Blockchain Association throws support behind Ripple in SEC duel

United States-based crypto advocacy group Blockchain Association has come out in support of Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the crypto industry.

29.10 / 04:01

Government Law Adoption Sunak UK Prime Minister Rishi Sunak's win was a victory for crypto

A former investment banker turned savvy politician, Rishi Sunak has had an incredibly prolific career in just a short period of time. At only 42, he has served as a member of the United Kingdom’s Parliament, chief secretary to the treasury and chancellor of the exchequer — and now, he’s starting his tenure as prime minister.

29.10 / 01:55

Law regulation Terraform Labs Terra Terra co-founder Do Kwon faces $57-million lawsuit in Singapore

Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias.

27.10 / 16:15

Law United Nations Bitcoin Does the IMF have a vendetta against cryptocurrencies?

Is the International Monetary Fund (IMF) really hostile to crypto? Many in the cryptocurrency/blockchain space think so. In January, the fund asked El Salvador to drop Bitcoin (BTC) as legal tender.

26.10 / 23:33

Government Law Banks United Kingdom banks hate crypto, and that's bad news for everyone

In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and bans on crypto-related banking, impacting both crypto businesses hoping to operate in the U.K. and investors alike.

26.10 / 22:03

Government Law regulation Vietnam's prime minister calls for crypto regulation: Report

Pham Minh Chinh, the prime minister of Vietnam, has reportedly said the country’s government should study crypto regulation in part based on residents continuing to trade digital assets despite their lack of legal recognition.

26.10 / 21:03

Law regulation Police reports UK police council reports there are officers in every unit trained for crypto enforcement

The detective chief superintendent for the United Kingdom’s National Police Chiefs’ Council has said all police forces in the country have officers trained for investigations involving the enforcement and seizure of cryptocurrencies.

25.10 / 09:11

business Blockchain Law Warning Financial ASIC fires industry warning shot as it sues BPS Financial over crypto promo

Australia's financial regulator has issued a stark warning to Australian crypto asset providers amid launching civil proceedings against Australian firm BPS Financial Pty Ltd (BPS) over "misleading" representations concerning its Qoin crypto token.

21.10 / 16:33

Law Drugs education Asia Training Uzbeki police get 'how to seize crypto' training from UN security org

The Organization for Security and Co-operation in Europe (OSCE) organized a five-day training course on cryptocurrencies and Dark Web investigation for Uzbekistan's police and prosecution forces. The course is a part of OSCE’s consistent efforts to educate Central Asian law enforcers on the emerging technologies that criminals might abuse in a strategically important region for the global drug trade.

21.10 / 01:37

Technology Law Government crackdowns are coming unless crypto starts self-policing

Self-regulation will be critical in governing the rapidly changing landscape of the cryptocurrency industry in order to preserve its autonomous, decentralized nature.

20.10 / 17:07

Law Adoption Banks Crypto adoption: How FDIC insurance could bring Bitcoin to the masses

Over the years, several cryptocurrency companies have claimed that deposits with them were insured by the United States Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) as if they were regular savings accounts. While so far, no crypto firm has been able to offer depositors this type of insurance, some speculate it could be the key to mass adoption.

20.10 / 07:17

Law CFTC bills 'Secretly circulating' draft crypto bill could be a ‘boon’ to DeFi

A new draft of the Digital Commodities Consumer Protection Act (DCCPA) bill has started to circulate online, with some commentary suggesting it could be positive for decentralized finance (DeFi) and crypto.

20.10 / 05:47

Blockchain Law Stablecoin Terra 4,400 disgruntled investors are hunting for Terra's Do Kwon

Members of a 4,400-strong Discord group called the “UST Restitution Group” (URG) have been attempting to track down the whereabouts of Terra co-founder Do Kwon.

19.10 / 18:01

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

The Law Commission of England and Wales hopes to establish the United Kingdom as a leading jurisdiction for grappling with legal disputes involving emerging technologies like cryptocurrencies, digital assets and electronic documentation.

19.10 / 15:09

business Law Asia Japanese regulators loosen crypto laws and make it easier to list coins

The Japan Virtual and Crypto Assets Exchange Association, the governing body that deals with crypto assets in Japan, released documents of plans to further ease crypto laws in the country.

19.10 / 09:41

Law regulation Court Prosecutors argue 'insider trading' claim in the OpenSea case is accurate

United States prosecutors have opposed a motion by a former employee of nonfungible token (NFT) marketplace OpenSea to remove “insider trading” references from his charges.

19.10 / 06:57

Law regulation Scams Ponzi scheme Cryptoqueen 'Cryptoqueen' associates face German court for role in $4B OneCoin scheme

Three associates of fugitive OneCoin founder Ruja Ignatova, known colloquially as the “Cryptoqueen,” have faced a German court over allegations of fraud, money laundering and banking crimes.

18.10 / 19:16

Blockchain Law Adoption Food Food companies secure trademarks to enter metaverse

A number of food companies have recently begun to position themselves within the Web3 ecosystem by filing trademark applications for the Metaverse and nonfungible tokens (NFTs).

18.10 / 18:03

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

The Law Commission of England and Wales will set about reviewing private international legal challenges involving cryptocurrencies through a government-commissioned project.

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