Law Financial News

05.07 / 00:25

Law regulation European Union ECB ECB officials prepare for 'harmonization' of crypto regulations: Report

The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations for crypto.

04.07 / 21:33

Government Law regulation restrictions Financial Singapore's financial watchdog considers further restrictions on crypto

The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers.

01.07 / 17:43

Blockchain Law Adoption Bitcoin Experts weigh in on European Union’s MiCa crypto regulation

European Union officials recently agreed on a landmark law called the Markets in Crypto-Assets (MiCa) framework that places guidance for crypto asset service providers (CASPs) to operate within the Europe region. Following this, experts reacted with varying opinions, from supporting the decision to explaining how it would have adverse effects.

01.07 / 05:39

Blockchain Law Stablecoin Bitcoin EU agrees on MiCA regulation to crack down on crypto and stablecoins

Officials from the European Union (EU) have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework.

01.07 / 00:29

Law Monero Extradition Former Monero maintainer Riccardo 'Fluffypony' Spagni to surrender for South Africa extradition

Riccardo Spagni, the former maintainer of the privacy coin Monero also known as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities.

30.06 / 21:33

Law CFTC Bitcoin National fraud case CFTC brings $1.7B fraud case involving Bitcoin against South African national

The United States Commodity Futures Trading Commission, or CFTC, has taken enforcement action against a South African national in what the regulatory body called its “largest fraudulent scheme involving Bitcoin.”

30.06 / 19:15

Law regulation FATF Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Laundering, or AML.

30.06 / 10:53

Blockchain Law security data Leak OpenSea data breach causes massive leak of users' email addresses

OpenSea, the world’s largest nonfungible tokens (NFT) marketplace, has issued a warning to customers after it was discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party.

29.06 / 07:15

Law regulation SEC Department Of Justice lawsuits regulatory Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts

Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart LLP.

26.06 / 08:13

Law Art Sport Marketplace Yuga Labs Nifty News: Yuga Labs breaks silence, X2Y2 outpaces OpenSea and more…

Yuga Labs has finally broken its silence over the conspiracy theory that alleges the team embedded alt-right and Nazi memes/imagery into the artwork and branding behind the Bored Ape Yacht Club (BAYC).

24.06 / 08:23

Law regulation 'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto

Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry.

24.06 / 07:59

Law regulation UK government Former Chancellor says UK is falling behind on crypto opportunity

A former Chancellor of the United Kingdom has raised concerns the country is slipping behind its rivals in the European Union when it comes to the regulation of crypto.

24.06 / 02:25

Law regulation advertisement Chainalysis tips Australia will crack down on misleading crypto ads

Chainalysis’ head of international policy Caroline Malcolm expects Australia’s new rules governing crypto advertising, promotion and consumer safeguards to follow a similar path to the United Kingdom when they come into place within the next year.

23.06 / 13:45

business Law regulation exchanges settlement Bybit enters into settlement agreement with Ontario Securities Commission

Bybit announced that it reached a settlement agreement with the Ontario Securities Commission (OSC) on Thursday, a day after the OSC released a Statement of Allegations against the crypto asset trading platform.

23.06 / 03:05

Law regulation SEC Crypto Policy Hester Peirce critiques SEC agenda – more wrong than just crypto policy

United States Securities and Exchange (SEC) commissioner Hester Peirce said the newly released SEC Agency Rule List is full of “hot-button” topics implemented in an unreasonable hurry, while crypto was ignored.

23.06 / 00:33

Law regulation Canadian regulator takes enforcement actions against Bybit and Kucoin

The Ontario Securities Commission, or OSC, issued financial penalties against Bybit and Kucoin, claiming violations of securities laws and operating unregistered crypto asset trading platforms.

22.06 / 00:13

Law Bitcoin Colombia's new president seems to be a fan of Bitcoin

Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies.

21.06 / 00:38

Law regulation Scams Chinese court invalidates 2019 car sale made using now worthless crypto token

Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on a car sale in May 2019 made using digital currency. At the time, the buyer, identified only as Mr. Huang, signed a sales contract to purchase a 2019 Audi AL6 for CNY 409,800 ($59.477) in exchange for the consideration of 1,281 Unihash (UNIH) tokens with an undisclosed car dealership in Shanghai. Per the original contract, the seller was to deliver the car to Huang within three months' time.

17.06 / 09:25

Law AML bills guidelines President of Panama shoots down crypto bill citing FATF guidelines

Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill” saying it requires more work to better fit Panama’s financial regulations.

17.06 / 09:25

Dogecoin Law Court elon Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit

Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE).

16.06 / 16:53

Government Law Adoption Monero Future Regulations and exchange delistings put future of private cryptocurrencies in doubt

The core principles of cryptocurrency were based on financial independence, decentralization and anonymity. With regulations being the key to mass adoption, however, the privacy aspect of the crypto market seems to be in jeopardy.

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