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Russian Parliament Sets Up Working Group on Cryptocurrency Regulations

26.11.2021
A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining...

Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets

24.11.2021
The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims...

JRR Token Banned by Author J.R.R. Tolkien's Estate

23.11.2021
JRR Token, a cryptocurrency denominated with exceptional similarity to the legendary writer J.R.R. Tolkien's trademark, has been banned by the author's legal body. Lawyers of the Tolkien Estate, the legal body which manages the property and the copyright for most of J.R.R. Tolkien’s works, argued...

Ripple Makes 'Good Progress' in Legal Row With SEC, Says Brad Garlinghouse

23.11.2021
US blockchain company Ripple is making “good progress” in its efforts to resolve its legal conflict with the US Securities and Exchange Commission (SEC), hoping to end the row in 2022, according to the chief executive. Brad Garlinghouse, CEO of Ripple, said that the legal case, which is centered...

Fresh Off Legal Skirmish, Sony Secures PS5 Plate Patent

22.11.2021
If Thanksgiving week is all about setting plates, here’s a tidbit you can feast on: Sony appears to have been granted a patent earlier this month from the United States Trademark Office for plate covers, spurring some observers to speculate that alt-colored PS5 plates could be in the works.Read more

Bitcoin as Legal Tender: a Look at the Pros, Cons, and Future Trends

19.11.2021
Greg Waisman, co-founder and COO of the global payment network Mercuryo. __________ Since the inception of Bitcoin (BTC) back in 2009, there has always been buzz around the topic of adopting the cryptocurrency as a nation's official legal tender.... Read More: Bitcoin as Legal Tender: a Look...

NFTs Still Face Legal Challenges, But More Clarity Expected Soon

18.11.2021
Non-fungible tokens (NFTs) are currently facing some legal challenges, but more clarity on how the digital collectibles will be treated from a regulatory standpoint could be coming soon, panelists at a virtual seminar hosted by crypto tracking website CoinGecko agreed.... Read More: NFTs Still Face...

‘Final and Binding’ Mt. Gox Resolution Agreed

17.11.2021
The protracted struggle of the creditors waiting to get their hands on bitcoin (BTC) holdings left in limbo since the collapse of the crypto exchange Mt. Gox could finally come to an end – with a “final and binding” resolution now legally “confirmed” by the Japanese courts. ... Read More: ‘Final...

Botswana Does Not Have Regulatory Framework for Crypto — Central Bank

12.11.2021
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding...

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

11.11.2021
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...

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