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Nalezeno "Legal": 2549

China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains

2.8.2020
The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity...

Putin Signs Law Giving Cryptocurrency Legal Status in Russia

2.8.2020
Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill...

US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

2.8.2020
The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, the discontented...

Is Bitcoin Mining Legal in India? Miners Still Don’t Know

28.7.2020
Following a recent Supreme Court decision, India's crypto industry is optimistic about the future. But miners still don't know if what they do is illegal

New Russian Law Bans Bitcoin Payments for Goods and Services

24.7.2020
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing...

Philippines Now Has 16 Cryptocurrency Exchanges Approved by Central Bank

23.7.2020
The number of regulated cryptocurrency exchanges in the Philippines has grown to 16, according to Bangko Sentral ng Pilipinas, the country’s central bank. One of the regulated exchanges has been helping the government and Unionbank to launch an app for bond purchases. 16 Registered Crypto...

China’s Supreme Court Recommends Increasing Crypto Property Rights Protection

22.7.2020
The supreme court of China has recommended increasing the legal protection of property rights, including digital currency ownership rights. The recommendations also focus on solving issues such as “the use of public power to infringe private property rights, illegal seizures, and freezing...

Cryptopia Creditor Issues Legal Notice to Liquidator Over Alleged Failures, Fees

22.7.2020
Blockchain firm GNY has sent a legal notice to Grant Thornton New Zealand over alleged high fees and failures to properly address its claim

Law Decoded: Pushing the Legal Limits, July 10–17

17.7.2020
In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media

Blockchain Bites: Binance’s Bitcoin Mining, ConsenSys’ Legal Trouble and Why Politicians Blame Twitter, Not Bitcoin

17.7.2020
Binance will consolidate its bitcoin mining, ConsenSys is accused of intellectual property theft and Wonder Woman's illustrator will sell art on Ethereum

Man Charged with Defrauding $4.5M in Crypto to Fund Gambling Habit

16.7.2020
The New York man asked investors for loans for what he called a low-risk investment, but the DOJ said most of the money was sent to offshore gambling sites

South Korean Central Bank Launches CBDC Legal Advisory Unit

14.7.2020
The Bank of Korea in Seoul. South Korea is once again intensifying the pace of its central bank digital currency (CBDC) progress – with a central bank-run team now investigating legal obstacles that might stand in the way of digital won issuance. Bitter political and financial rival Japan last week...

SEC, CFTC Hit Crypto App Abra With $300K in Penalties Over Illegal Swaps

13.7.2020
The financial regulators both found fault with Abra offering security-based swaps without first checking to see whether investors were eligble

Dogecoin Surges, Coinbase Rumors, Brave Legal Threats: Hodler’s Digest, July 6–12

12.7.2020
Bitcoin has practically turned into a stablecoin, Dogecoin has experienced a huge resurgence in popularity, and Coinbase might be preparing to list on the stock market

Christophe Cieters: Monopoly Money

12.7.2020
As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. Market exchange rates of the coins were...

Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale

10.7.2020
Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can...

Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion

9.7.2020
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police...