Law Financial News

18.08 / 11:57

Blockchain Law regulation privacy Law enforcement should give up trying to access everyone's data, says legal expert

While some think the Tornado Cash ban may negatively impact other projects focusing on privacy, others believe that these projects will keep pushing forward and keeping their commitments to anti-censorship and decentralization.

18.08 / 09:37

Law Kabul mosque bombing at evening prayers kills 10, including prominent cleric

A bombing at a mosque in the Afghan capital of Kabul during evening prayers on Wednesday killed at least 10 people, including a prominent cleric, and wounded at least 27, an eyewitness and police said.

18.08 / 09:37

Law Serbia and Kosovo hold rare talks to de-escalate Balkan tensions

Wartime rivals Serbia and Kosovo are holding high-level crisis talks on Thursday which European Union mediators hope will de-escalate growing tensions in the Balkans, where Russia has tried to further increase its influence amid the war in Ukraine.

18.08 / 00:15

Law regulation Europe ECB guidance European Central Bank addresses guidance on licensing of digital assets

The European Central Bank, or ECB, laid the foundation for the criteria it would be considering when harmonizing the licensing requirements for crypto in Europe.

17.08 / 21:15

Government Law regulation privacy Tornado Cash sanctions will ultimately undermine the US and strengthen crypto

The United States' move to sanction the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening her grip over the global financial system for decades, ostensibly to cut down on bad behavior, but also to project power abroad.

17.08 / 00:51

Law regulation SEC ICO 2017 ICOs aren't over yet: SEC files suit against Dragonchain and its founder

The United States Securities and Exchange Commission, or SEC, has filed a complaint related to a 2017 initial coin offering from a blockchain project originally developed by the Walt Disney Company.

16.08 / 17:53

Government Law regulation privacy Tornado Cash shows that DeFi can’t escape regulation

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions against Tornado Cash this month, marking its first action against a decentralized finance (DeFi) mixer in what may prove to be a watershed moment for DeFi regulation.

16.08 / 17:03

Law Stablecoin regulation fall regulatory Optimism fading? Regulatory discussion on stablecoins postponed until Fall

Among a rich range of anxieties both for the crypto industry and the global economy at large, the summer of 2022 will be remembered as the time when the stablecoins proved themselves to be not so stable and thus came into the focus of regulators’ attention.

16.08 / 11:47

business Law Court Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market.

16.08 / 00:43

business Law BitGo BitGo to sue Galaxy Digital for $100M over dropped acquisition

Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the funds as part of a “reverse break fee” in its decision to terminate an acquisition agreement.

16.08 / 00:43

Government Law regulation Coin Center may challenge US Treasury's sanctions on Tornado Cash in court

United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s Office of Foreign Asset Control, or OFAC.

14.08 / 14:17

Government Law Adoption AML AML and KYC: A catalyst for mainstream crypto adoption

For Satoshi Nakamoto, the creator of Bitcoin (BTC), the motivation to create a new payment ecosystem from scratch in 2009 stemmed from the economic chaos caused by the banking sector’s over-exuberant and risky lending practices mixed accompanied by the bursting of the housing bubbles in many countries at the time.

13.08 / 17:11

business Law defi regulation NOT Metaverse still not ready for virtual weddings and legal proceedings

As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage proceedings, court case disputes, and government services could one day be conducted using Metaverse platforms.

12.08 / 14:05

Blockchain Law Ethereum Police Tornado Cash dutch Dutch authorities arrest suspected Tornado Cash developer

Authorities in the Netherlands have arrested a developer that is suspected to be involved in money laundering through the crypto mixing service Tornado Cash.

12.08 / 00:39

Law regulation AIM UNCTAD takes aim at crypto in developing world in a series of critical policy briefs

The United Nations Conference on Trade and Development (UNCTAD) released a policy brief Wednesday on cryptocurrency. It is the third brief in a row the agency has dedicated to crypto, and together they represent a detailed assessment of the risks crypto presents for developing economies and options for resolving those risks.

12.08 / 00:37

Law regulation Trading stocks class action Robinhood to face class action lawsuit from meme stock debacle: Report

Cryptocurrency and stock trading platform Robinhood will allegedly face allegations of market manipulation as part of a class-action lawsuit brought by investors in “meme stocks” from nine different companies during a January 2021 rally.

11.08 / 12:13

Law defi regulation class action Crypto products Mark Cuban faces class action lawsuit for promoting Voyager crypto products

Mark Cuban, the billionaire entrepreneur who has been quite active in the crypto ecosystem for the past year, is facing a class-action lawsuit over his promotions of the bankrupt crypto brokerage firm Voyager Digital.

10.08 / 14:09

business Law regulation California California regulator orders Celsius to stop selling securities in the state

The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and Voyager to stop their offerings in the state, the DFPI issued a desist and refrain order to crypto lending firm Celsius.

09.08 / 11:29

Law BitMEX AML Court Executive BitMEX former executive pleads guilty to violating the Bank Secrecy Act

Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline "U.S. v. Hayes et al." goes on for two years, with BitMEX management being indicted for violating the U.S. Bank Secrecy Act.

08.08 / 17:51

Government Law Adoption US ethics advisory on federal employee's crypto has basis in legislation

When the United States Office of Government Ethics (OGE) released its Legal Advisory 22-04 on July 5, most attention was given to its conclusion that federal employees who own any amount of cryptocurrency or stablecoins whatsoever may not participate in regulation and policymaking that concerns crypto. The legal advisory (LA) raised some eyebrows, as de minimis exemptions, threshold amounts below which assets holdings are permissible, are common in the government. The LA is more comprehensible when seen in a larger context.

02.08 / 15:01

Law Ethereum regulation Kim Kardashian legal team files motion to dismiss EthereumMax crypto lawsuit

Kim Kardashian’s legal team has filed a motion to set aside a class-action complaint aimed at the businesswoman and other American celebrities.

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