Law Financial News

16.06 / 09:17

business Law lending YouTube class action BitBoy founder threatens class action lawsuit against Celsius

Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class action lawsuit against the lending platform and its chief executive.

16.06 / 09:17

Law BitMEX Court Jail BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation

Benjamin Delo the co-founder of cryptocurrency exchange BitMEX has been sentenced to 30 months probation for violating the Bank Secrecy Act (BSA), which is an anti-money laundering law.

15.06 / 10:39

business Law Investments Gaming Deal Legal battle avoided after YGG and Merit Circle DAO agree to a deal

A potential legal battle has been prevented between the Merit Circle decentralized autonomous organization’s (DAO) backing company Merit Circle Ltd and Yield Guild Games (YGG) after the organizations reached a deal after the DAO originally voted to remove YGG.

14.06 / 23:51

Law regulation lending Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering

The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after allegedly offering and selling unregistered securities.

14.06 / 21:03

Law regulation Europe European Union EU commissioner reiterates need for 'regulating all crypto-assets'

Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is moving forward with discussion on regulating cryptocurrencies amid three major events in the space.

13.06 / 00:26

Government Blockchain Law Adoption Financial DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert

As decentralized finance continues its victorious march — although the road is sometimes bumpy — some significant questions on its nature remain. How can DeFi applications be protected from becoming nonoperational under extreme stress? Is it really decentralized if some individuals have way more governance tokens than others? Does the anonymous culture compromise its transparency?

10.06 / 17:23

business Law NFT copyrights rights NFT holders can earn millions through IP rights, says Apocalyptic Apes founder

While the most common way to earn money in the nonfungible token (NFT) space is by flipping the tokens for profit, there are other opportunities to earn money with NFTs as the market continues to develop.

09.06 / 22:19

Law NFT Hackers hacks Anonymous hacker served with restraining order via NFT

Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token (NFT, marking the first known legal process to be facilitated by an NFT.

09.06 / 00:45

Law regulation crimes AML information International Information, AML/CFT steps are key to fighting international digital crime, DOJ report says

The United States Department of Justice (DOJ) released a report on international law enforcement related to digital assets Tuesday. It is the first of the approximately one dozen reports mandated in President Joe Biden’s March 9 executive order “Ensuring Responsible Development of Digital Assets.”

08.06 / 08:11

Law Activism Congress AIM letter rights Human rights activists take aim at privileged crypto critics in letter to Congress

Human rights activists from 20 countries have submitted an open letter to the United States Congress in support of a “responsible crypto policy” and praising Bitcoin and stablecoins as essential tools aiding democracy and freedom for tens of millions.

06.06 / 09:15

business Law Crowdfunding DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target

No-loss lottery decentralized finance (DeFi) platform PoolTogether has reached 100% of its legal defense funding goal via the sale of NFTs.

06.06 / 08:01

Law Africa Sandbox regulatory Ugandan central bank u-turns on crypto welcoming firms to regulatory sandbox

The Bank of Uganda is open to the idea of cryptocurrency businesses participating in its Regulatory Sandbox, inviting members of the Blockchain Association of Uganda (BAU) to share their knowledge with the central bank.

03.06 / 14:01

business Law Stablecoin Terra Usd Japan passes bill to limit stablecoin issuance to banks and trust companies

Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm.

01.06 / 08:25

business Law Stablecoin PoolTogether raises 471 ETH with NFTs to fund legal defense

So called “no-loss lottery” DeFi platform PoolTogether has raised 470.90 Ether (ETH) via NFT sales to fund its legal defense against a putative class action lawsuit.

31.05 / 05:59

Law Scams Survey Aussie consumer group calls for better crypto regs due to ‘lagging laws’

Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for cryptocurrency exchanges operating in the country.

26.05 / 09:19

Law Africa World Bank Bitcoin Support World Bank won’t support Central African Republic’s Sango crypto hub

The World Bank has signalled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub.

21.05 / 00:37

Law Stablecoin regulation crypto rules FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report

Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022.

18.05 / 16:23

business Blockchain Technology Law Lobby ‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks.

18.05 / 05:41

Law Europe European Union German BaFin official calls for 'innovative' EU-wide DeFi regulation

Birgit Rodolphe, an executive director at Germany's Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European Union (EU).

17.05 / 22:59

business Law Terra Luna Terraform Labs Terra Crypto users Crypto users react to Terraform Labs legal team purportedly leaving company

The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.

17.05 / 00:47

Law regulation Department Of Justice US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency.

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