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CoinEx crypto exchange to remove all mainland China users in October
30.9.2021
CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019
Tether scores win in class action case as court dismisses RICO claims
29.9.2021
"Litigation will expose this case for what it is: a clumsy attempt at a money grab, which recklessly harms the whole cryptocurrency ecosystem," said Tether
Cloned CryptoPunks are back on OpenSea marketplace after DMCA counter notice
29.9.2021
According to the DMCA, PolygonPunks would have had to have claimed its material "was removed or disabled through mistake or misidentification."
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
28.9.2021
“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement
CFTC commissioner Dan Berkovitz will become SEC general counsel
28.9.2021
The commissioner has said the CFTC’s enforcement actions in the crypto space have been “aggressive," and hinted that decentralized finance platforms were likely illegal under the Commodity Exchange Act
Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to Finiko
28.9.2021
The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates. Authorities are also working to identify more victims of the Ponzi scheme, Russia’s largest...
29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down
28.9.2021
The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto...
Now There Are Three U.S. Government Groups Suing Activision Blizzard
28.9.2021
Another federal agency, U.S. Equal Employment Opportunity Commission (EEOC), is now suing Call of Duty and World of Warcraft publisher Activision Blizzard. Read more
Law Decoded: China FUD and false dichotomies, Sept. 20–27
27.9.2021
Many in the crypto space are calling for the U.S. to assert its foundational principles by implementing crypto policies in opposition to China
SEC Denies Freedom of Information Act Request Concerning Tether Documents
26.9.2021
On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests...
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
25.9.2021
A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto...
A Rocky Start for Bukele’s Bitcoin Law — El Salvador After Adoption
25.9.2021
The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put Bitcoin in the global spotlight...
U.S. government goes to court over $11m USDT purportedly stolen by fake Coinbase rep
24.9.2021
In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse
Alleged Assault And Pokémon Card Robbery Makes National News In Japan
24.9.2021
While nearly everyone who desperately wants Pokémon cards waits in line or pays premium prices on the internet, there are the occasional and unfortunate exceptions. In Japan, a 25-year-old man in Hiroshima is accused of attacking a college student as he exited a 7-11 with a box of newly purchased...
Former Monero Developer Spagni Released From US Prison, Pledges to Address Fraud Allegations
23.9.2021
Former Monero developer Riccardo Spagni has been released from a U.S. prison where he reportedly spent “sixty-one days in solitary confinement.” The developer’s release was prompted by the failure of South African authorities “to make a timely submission in support of...
Biden to nominate anti-crypto and anti-big bank law professor to run the OCC
23.9.2021
Omarova has stated she hopes to “end banking as we know it” but believes large financial firms can abuse the crypto market outside of regulators’ view
Additional compensation available for Cryptsy victims, court notice says
22.9.2021
Those who lost money in a 2016 U.S. crypto exchange heist maybe be entitled to additional recoupment
CFTC commissioner: agency doesn’t have enforcement resources without Congress
21.9.2021
"We’re not necessarily looking for more authority without more resources," said Dan Berkovitz in regards to crypto markets
Detroit Dev Quantic Dreams Wins Lawsuit Without Actually Disproving Misconduct Allegations
21.9.2021
Quantic Dream, creators of “so bad, they’re bad” games like Heavy Rain and Detroit: Become Human, recently brought libel action against two French newspapers which had jointly published allegations of misconduct against individuals at the company back in 2018. Now the court has ruled both for...
Monero’s former maintainer released from US custody
21.9.2021
“I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all,” said Riccardo Spagni