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UAE’s Ras Al-Khaimah Launches Pioneering Legal Framework for DAOs
22.10.2024
Ras Al-Khaimah (RAK), a region in the United Arab Emirates, has established a legal framework for decentralized autonomous…
Chainalysis hit with $650M lawsuit, Italy to hike Bitcoin tax: Law Decoded
21.10.2024
Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin
UAE to introduce legal framework for DAOs
18.10.2024
UAE lawyer Irina Heaver told Cointelegraph that the framework would allow even smaller DAOs to operate legally.
UK Bill Recognizes Digital Assets as Personal Property Under New Law
12.9.2024
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better...
England’s Law Commission proposes new property category for crypto assets
31.7.2024
The Law Commission's final report advocates for legal reforms to better protect the unique features of digital assets
Oklahoma’s new crypto law protects miners, sets blockchain legal framework
15.5.2024
Oklahoma Governor Kevin Stitt enacted a law on May 13 that creates a legal framework for blockchain and safeguards miners’ activities
Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official
15.4.2024
A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is...
Vietnam Not Banning Crypto, But Legal Framework Needed: Ministry Rep
15.4.2024
A Vietnam ministry representative clarified Friday that crypto is not prohibited within the country. However, he emphasized the importance of establishing a legal framework to regulate them and mitigate potential risks.
The post Vietnam Not Banning Crypto, But Legal Framework Needed: Ministry...
Japan’s Financial Services Agency Grants Limited Rights to DAO Member Tokens, Easing Regulations
7.2.2024
Japan‘s Financial Services Agency (FSA) aimed to facilitate the development of decentralized autonomous organizations (DAOs) and clarify the legal framework surrounding them. The FSA has proposed a new amendment to the definition of Article 2 of the Financial Instruments and Exchange Act in...
China’s AML Legal Framework Set to Target Cryptocurrency Transactions in Major Update
1.2.2024
As part of its ongoing efforts to modernize financial regulations, China is revising its Anti-Money Laundering laws to include stringent measures against cryptocurrency-related transactions. This revision, the first since 2007, aims to plug the legal gaps exploited in the burgeoning world...
German MP Joana Cotar Advocates for Bitcoin to Be Recognized as Legal Tender in Germany
17.11.2023
Source: AdobeStock/takashi tamiya German Bundestag member Joana Cotar has expressed his support for recognizing Bitcoin (BTC) as a legal tender in the country. In a recent interview, Cotar shared her ambitions to bring Bitcoin into the mainstream of German finance and discussed her plans...
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...
UK Law Commission Calls for Special Legal Framework for Crypto as Collateral
28.6.2023
Read More: UK Law Commission Calls for Special Legal Framework for Crypto as Collateral
UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission
28.6.2023
The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations
UN report highlights ‘serious and urgent’ concerns about AI deepfakes
13.6.2023
The UN wants to address AI-generated fake news and information as the organization looks to bring in voluntary guidelines for the technology
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
25.5.2023
Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...
EU Council Adopts New Rules for Europe’s Crypto Markets
18.5.2023
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin....
EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off
16.5.2023
The EU's Council unanimously approved the landmark Markets in Crypto Assets (MiCA) regulation and new anti-money laundering measures for crypto transfers
Abu Dhabi's Financial Free Zone Proposes Legal Framework for Decentralized Economy
21.4.2023
The proposals target projects built on distributed ledger technology to provide clarity on governance structures and disclosures
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange
30.1.2023
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of cryptocurrencies in the country and introduces a licensing regime for crypto miners and exchanges....