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S Korean Ministry, Local Law Firm & Samsung Affiliate Included on FTX Creditor List

30.1.2023
Several South Korean firms – and a major government organ – were named on the crypto exchange FTX’s long list of creditors. The list includes the nation’s biggest law firm, a Samsung subsidiary, and the Ministry of the Environment, Seoul Shinmun reported.... Read More: S Korean Ministry, Local...

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....

Genesis Capital’s fall might transform crypto lending — not bury it

28.1.2023
TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts

Sao Paolo Introduces Blockchain in Data Access Law

28.1.2023
The Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in...

Hive Ransomware Network Dismantled by American, European Law Enforcement

27.1.2023
Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted various organizations worldwide in the past couple...

FTX lawyers to reap millions from the bankruptcy case: Report

27.1.2023
FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour

UK's FCA Flagged Some Crypto Firms Seeking Regulatory Approval to Law Enforcement

27.1.2023
Some of those investigations into financial crime or "direct links to organized crime" are ongoing, an official at the Financial Conduct Authority said

Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%

27.1.2023
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power...

Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal

27.1.2023
The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines...

Bithumb in turmoil, Binance’s 47K law requests, Axie players down 85%: Asia Express

26.1.2023
Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over...

ISDA releases standard definitions for digital asset derivatives

26.1.2023
The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets

FTX legal team calls for Sam Bankman-Fried's family to answer questions under oath: Report

26.1.2023
Joseph Bankman, Barbara Fried, and Gabriel Bankman-Fried could reportedly face questions in bankruptcy court about any financial benefits they may have received from FTX

Chalk and Cheese: When Crypto Assets Meet the Securities Laws

26.1.2023
It's difficult to pinpoint how a majority of crypto assets can practically function without radically reimaging the current set of securities laws, Lewis Cohen, co-founder of DLx Law, writes

Several Crypto Exchange Websites Taken Down in Kazakhstan

26.1.2023
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After...

‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament

26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...

Mango Markets sues Avraham Eisenberg for $47M in damages plus interest

26.1.2023
The lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol

Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims

26.1.2023
Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among...