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DeFi may struggle to stay decentralized after new EU law
14.5.2024
DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models
Tornado Cash developer guilty of money laundering
14.5.2024
Pertsev has been under arrest in the Netherlands since August 2022, after the United States government blacklisted Tornado Cash
Tether freezes $5.2 million in USDT linked to phishing scams
14.5.2024
Since its inception, Tether has frozen over $1 billion worth of assets linked to illicit activities on demand from law enforcement agencies
CFTC announces $1.8M settlement against brokerage firm FalconX
13.5.2024
The regulator reported the firm voluntarily improved its practices after the CFTC’s civil suit with Binance and its former CEO Changpeng Zhao
Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit
13.5.2024
Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm
Shouldn't All These Crypto Lawyers Start Learning About Crypto?
10.5.2024
The industry should expect its legal experts to effectively articulate how these innovative technologies are driving changes in how we understand money, privacy and governance
Crypto firms brace for intensified SEC, CFTC action after regulator warning
10.5.2024
The CFTC warned of another cycle of enforcement actions against crypto firms as investor interest rises
Fatemeh Fannizadeh on Crypto Law, Switzerland and How KYC Is Failing
10.5.2024
Fannizadeh, a lawyer specializing in the crypto industry at Geneva Legal, is a speaker at this year’s Consensus festival, May 29-31, in Austin, Texas
Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction
10.5.2024
A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family....
Canadian regulator fines Binance $4.4M for AML and CFT violations
9.5.2024
FINTRAC reported that Binance facilitated 5,902 separate transactions of $10,000 or more in crypto from June 2021 to July 2023 and failed to register with the regulator
How Binance played a key role in arrest of ZKasino scam suspect
8.5.2024
Despite the arrest of the main suspect, some of the stolen funds continued to be moved, suggesting multiple potential attackers
Ex-Digitex Futures Exchange CEO pleads guilty to violating Bank Secrecy Act
7.5.2024
U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange
EU crypto regulations undermined by lack of enforcement, say observers
7.5.2024
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws
Nigerian officials proposed secret crypto settlement, claims Binance CEO
7.5.2024
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them
Crypto firms to see more enforcement actions within 2 years — CFTC chair
6.5.2024
Rostin Behnam said that “without a regulatory framework,” regulators would continue pursuing crypto firms to protect investors from potential fraud and manipulation
Coinbase faces new lawsuit over alleged investor deception
5.5.2024
The plaintiffs claim Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are securities
BTC-e founder pleads guilty in $9 billion laundering conspiracy
4.5.2024
A federal district court judge will determine his sentence in accordance with the U.S. Sentencing Guidelines and other statutory factors
Argentine Lower House Passes Cryptocurrency Legalizing Opportunity in Reintroduced Omnibus Law
3.5.2024
The Argentine Chamber of Deputies passed a series of cryptocurrency tax opportunities for citizens holding undeclared assets in foreign countries as part of reintroducing the “Omnibus law.” The bill, which was dropped in February, has now been reintroduced and approved by the lower...
Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement
2.5.2024
Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case
Nigerian court postpones money laundering trial of Binance and execs
2.5.2024
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents