Law Financial News
27.09 / 20:05
Law
regulation
Revolut
UK crypto
FCA green lights Revolut, making no UK crypto firms operating under temporary status
The United Kingdom’s Financial Conduct Authority, or FCA, has added cryptocurrency-friendly payments app Revolut to its list of companies authorized to offer crypto products and services in the country.
27.09 / 01:42
Law
regulation
Interpol
Terra
Terra co-founder Do Kwon says he's 'making zero effort to hide' following Interpol notice
Terra co-founder Do Kwon, wanted by South Korean authorities and whose whereabouts are currently unknown, has suggested he’s not changing his routine in response to potential legal action.
26.09 / 05:21
business
Blockchain
Law
coinbase
Blockchain firm sues Coinbase for $350M alleging patent infringement
Crypto exchange Coinbase has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a patent relating to its blockchain technology — and is now seeking $350 million in damages.
25.09 / 21:25
Government
Law
Stablecoin
Europe
Stablecoin adoption
MiCA is already stifling stablecoin adoption in the EU
The digital asset landscape in the European Union is evolving ahead of the passage of the Markets in Crypto-Assets (MiCA) regulation framework that aims to instill regulatory clarity around crypto assets. While well-intentioned, the current structure of MiCA may throttle innovation. But if a revised version of this policy passes, it could see the European Union become one of the leaders in the digital payment space. If not, then there is a genuine possibility of the continent falling behind.
25.09 / 00:51
Government
Law
crypto framework
Framework
Biden's anemic crypto framework offered us nothing new
The long-awaited cryptocurrency regulation framework released by President Joe Biden’s Treasury Department this month attempted to outline a plan for managing the burgeoning crypto industry. Unfortunately, the department’s assessment failed to embody more substance than a mere mission statement.
23.09 / 19:49
Law
regulation
Investments
shares
Lawyers
Lawyers for Celsius investors file motion to have interests represented in court
An international law firm representing groups of Celsius investors has filed a motion to appoint a committee to represent their interests in the crypto lending firm’s bankruptcy case.
23.09 / 16:09
Government
Law
Adoption
Bitcoin
tracking
El Salvador's Bitcoin decision: Tracking adoption a year later
El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin (BTC), recently marked its first year of BTC adoption.
23.09 / 02:09
Law
regulation
freeze
UK gov't introduces bill aimed at empowering authorities' to 'seize, freeze and recover' crypto
The government of the United Kingdom has introduced a bill aimed at cracking down on money laundering and fraud, specifically by expanding the authorities’ ability to target cryptocurrencies used for illicit purposes.
22.09 / 22:05
business
Government
Law
Get ready for a swarm of incompetence at the IRS in 2023
The Internal Revenue Service is hiring 87,000 new agents, but taxpayers will not feel the pain for another two to three years. That’s how long it will take the agency to hire and train agents. Few have discussed the extent of this pain. Still, it’s something to think about when you consider the majority of coming audits will be conducted by new agents, many of whom will have been hastily hired and operating with minimal supervision.
22.09 / 10:15
Law
defi
interview
Time
Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist
The sanctions on cryptocurrency mixer Tornado Cash has left a vacuum for illicit fund mixing services, but more time is needed before we’ll know the full impact, according to Chainalysis’ chief scientist.
21.09 / 21:16
Law
regulation
Terra
Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators
Jerry Sambuaga, the deputy minister of Indonesia’s Ministry of Trade, has proposed a rule that would require the leadership at the country’s crypto exchanges to be more representative of its citizens.
21.09 / 19:11
Blockchain
Law
regulation
Reserve
Tether says new court order to produce USDT reserve backing is a 'routine discovery matter'
On Wednesday, Tether (USDT), the issuer of the U.S. dollar-pegged USDT stablecoin, said that a recent order by a U.S. judge to provide evidence of USDT backing is part of routine discovery in court cases. The firm said that the decision did not substantiate any of the claims listed in an ongoing lawsuit:
21.09 / 17:07
Government
Technology
Law
Tornado Cash is the latest chapter in the war against encryption
The sanctions imposed by the United States government on Tornado Cash have reignited a public debate on privacy. For many in the relatively young crypto community, such an intervention by the federal government seems groundbreaking. However, tussles between the private sector and the state on the issue of privacy are far from new and can provide compelling insights on what we might expect next for privacy in the crypto industry.
21.09 / 08:41
Blockchain
Law
Bitcoin
LAMBO
Downfall of Canada's Lambo driving ‘Crypto King’ reportedly sees $35M in losses
A self-styled 23-year-old 'Crypto King' is facing a raft of demands among 140 of his investors as they try to claw back a collective total of $35 million from his company AP Private Equity Limited.
21.09 / 05:41
Law
Stablecoin
bills
Stablecoin Bill
Draft US stablecoin bill would ban new algo stablecoins for 2 years
Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC) which de-pegged from the US dollar earlier this year causing widespread crypto market contagion.
20.09 / 12:31
Law
NFT
regulation
copyrights
Lawyers
Intellectual property has an awkward fit in Web3 decentralization — Lawyers
Intellectual property (IP) rights will continue to be a growing area of tension within Web3 and NFTs, as IP rights often rely on a single "identifiable entity," while Web3 is more often decentralized.
19.09 / 19:45
Law
regulation
crimes
Terra
South Korean authorities ask Interpol to issue 'Red Notice' for Do Kwon: Report
South Korean prosecutors have reportedly requested Interpol intervene in their case against Terra co-founder Do Kwon by issuing a "Red Notice" — suggesting global law enforcement agencies may attempt to find and detain him.
19.09 / 05:27
business
Law
Terra Luna
NOT
Terra co-founder Do Kwon says he’s not ‘on the run’
Do Kwon, the co-founder of the Terra ecosystem, took to Twitter on Saturday asserting he’s “not ‘on the run’ or anything similar” after the Singapore Police Force (SPF) said Kwon wasn’t in the city-state.
18.09 / 01:57
Law
SEC
privacy
Coinbase is fighting back as the SEC closes in on Tornado Cash
On Sept. 8, Coinbase announced it was bankrolling a lawsuit against the United States Treasury Department. The cryptocurrency exchange is funding a lawsuit brought by six people that challenges the sanctions on Tornado Cash. And on Sept. 9, Securities and Exchange Commission (SEC) Chair Gary Gensler announced he was working hard with Congress to create legislation to increase cryptocurrency regulations.
16.09 / 15:07
16.09 / 00:23
Government
Law
IOTA
Congress
IOTA co-founder: Lummis-Gillibrand is a blessing for the crypto industry
There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now.
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