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FDIC-FTX spat is another reason for investors to self-custody their funds
24.8.2022
Between the collapse of Celsius and the FDIC's warning to FTX, consumers should be awakening to the benefits of moving their funds off of centralized exchanges
Ukraine Blocks Crypto Wallet Used to Raise Funds for Russian Forces
24.8.2022
The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country. Officials in Kyiv claim that money collected through the wallet has been spent on military equipment for...
Celsius calls out Prime Trust in court, alleging firm didn't turn over $17M in crypto
23.8.2022
"Prime Trust was obligated under the Bankruptcy Code to deliver all property belonging to Celsius [...] including these remaining crypto assets," said Celsius' legal team
Plaintiff in Coinbase lawsuit raises issues of account lockouts, crypto as a security
23.8.2022
A Coinbase user claimed the crypto exchange "boldly flouts federal and state laws" by not completing the proper registration as a securities exchange in the United States
Certain regulatory clarity could be 'hugely detrimental' for crypto, says former CFPB director
23.8.2022
Some players in the industry could find U.S. regulators making a "big overreach" if agencies like the SEC listed specific criteria for cryptocurrencies as securities
Tornado Cash saga highlights legal issues affecting the crypto market
23.8.2022
As support for Tornado Cash developer Alexey Pertsev mounts, questions regarding the legality of his arrest and the future of DeFi innovation continue to come to the forefront
Fed teases master accounts for crypto banks: Law Decoded, Aug. 15-22
22.8.2022
The new guidelines from the Federal Reserve hold a prospect of “the most stringent review” for non-federally insured institutions
Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee
22.8.2022
“The government has brought the instant prosecution using ill-founded applications of criminal law to set precedent in the digital asset space,” said Nathaniel Chastain’s lawyers
Russian Caught Mining Crypto in Covid-19 Clinic
22.8.2022
An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for almost a year before law enforcement busted his crypto...
Law enforcement should give up trying to access everyone's data, says legal expert
18.8.2022
Ahmed Ghappour explained that sanctioning ideas can lead to criminalizing harmless associations with no ties to other criminal conduct
European Central Bank addresses guidance on licensing of digital assets
17.8.2022
Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies
Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France
17.8.2022
Police in Israel have detained three suspects who allegedly laundered millions of euros stolen from the French treasury through cryptocurrency transactions. The money came from government grants for businesses affected by the Covid-19 pandemic. Israeli Law Enforcement Busts Money-Laundering Ring...
2017 ICOs aren't over yet: SEC files suit against Dragonchain and its founder
16.8.2022
The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions."
Optimism fading? Regulatory discussion on stablecoins postponed until Fall
16.8.2022
While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges
16.8.2022
India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala...
BitGo to sue Galaxy Digital for $100M over dropped acquisition
15.8.2022
"Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more," said R. Brian Timmons
Coin Center may challenge US Treasury's sanctions on Tornado Cash in court
15.8.2022
“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center's Jerry Brito and Peter Van Valkenburgh
Law Decoded, Aug. 8-15: In the eye of Tornado Cash
15.8.2022
U.S. Treasury links the crypto mixer with $7 billion worth of laundered money
EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT
15.8.2022
“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’ slides. Shoes symbolize the first step in every development, says Berger who invested...
AML and KYC: A catalyst for mainstream crypto adoption
14.8.2022
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools