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Crypto Mining Crisis in Abkhazia Worsens After Power Substation Caught Fire
9.12.2020
The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state. Crypto Mining Crisis Abkhazia Keeps Worsening Sputnik Abkhazia has reported...
A Pakistani Provincial Government Passes Crypto-Friendly Draft Resolution
4.12.2020
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial...
Russia to Recognize Bitcoin as Property With Legal Protection
30.11.2020
The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During...
Russian prime minister proposes legal steps to bring order to crypto market
26.11.2020
Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code
CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading
25.11.2020
Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post...
BitMEX Founder’s Charges Highlight Risks for DeFi
24.11.2020
The case against BitMEX, an offshore crypto trading platform, has regulatory implications for the burgeoning DeFi market
US regulator wants to stop banks from blacklisting legal businesses, crypto included
20.11.2020
New rule-making aims to stop "creeping politicization of the banking industry," says OCC head
Binance files US lawsuit against Forbes and two cryptocurrency journalists
18.11.2020
Cryptocurrency exchange alleges "millions of dollars" in losses as a result of what it describes as a "false and misleading" article
Pakistan’s SEC Discusses Cryptocurrency Regulation, Central Bank Confirms No Crypto Ban
15.11.2020
The Securities and Exchange Commission of Pakistan has published a paper discussing cryptocurrency regulation in the country. Meanwhile, the central bank has reportedly confirmed that there is no cryptocurrency ban. Pakistan’s Crypto Regulation in the Works The Securities and Exchange...
Payza Founders Sentenced in $250M Money Laundering Case
13.11.2020
Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law
Pakistan’s securities regulator mulls new legal framework for crypto
12.11.2020
Pakistan wants to unlock a new era of digital finance with crypto
Layer1 co-founder takes former business partner to court
3.11.2020
He claims to have spent millions of his own money, only to be tossed out of the company he co-founded
US Bitcoin Mining Firm Layer1 in Legal Tussle Over Power Plant Ownership
3.11.2020
Layer1 Technologies is facing a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm
Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses
2.11.2020
The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
Why didn't the Kucoin hack or legal action against BitMEX seem to impact Bitcoin?
14.10.2020
Bitcoin may have solidified a price base due to big player purchases
Beijing Announces ‘Legal Digital Currencies Pilot’ Plan
9.10.2020
Beijing is set to build a “legal digital currency pilot area” as part of its new Beijing Pilot Free Trade Zone initiative – although the project’s masterminds have stopped short of providing details as to what sort of tokens will be given the green light.
Per the Beijing News, via news agency...
Legal firms sling mud in $8.3M Tezos settlement fees battle
9.10.2020
Six law firms are fighting over how to distribute $8.3M in attorney’s fees from the Tezos’ $25M class action settlement
Bill to Give Blockchain Records Legal Clout Reintroduced in US House
7.10.2020
Rep. Soto and Rep. Schweikert call for recognizing blockchain signatures as legal instruments in their new bill
Binance, Gemini, Kraken So Far the Winners From BitMEX’s Legal Woes
2.10.2020
Binance, Gemini, and Kraken have become the biggest winners since US regulators' charges against BitMEX on Thursday