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New Quebec French Language Law Has Game Devs Fearful Of The Future
29.6.2022
A new law recently passed in Quebec, Canada designed to force immigrants to learn and use French in a short amount of time has many game developers in the area worried. The new bill could make it harder for studios to recruit and keep talent in a part of Canada that contains numerous big game...
Not the best week for crypto lending: Law Decoded, June 20-27
28.6.2022
The Celsium failure continues to draw attention to the lending issues from regulators and community
Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform
26.6.2022
Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants...
Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital
25.6.2022
Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth...
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...
Albania to Start Taxing Crypto-Related Income From 2023
25.6.2022
Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania Set...
Here's How To Add U.S. Supreme Court Justices To Minecraft For No Reason At All
24.6.2022
Minecraft is still one of the biggest games in the world more than a decade after its launch. At the same time, the justices of the United States Supreme Court are all over the news lately. It’s a no-brainer: Let’s put those judges in Minecraft!Read more
Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia
24.6.2022
A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms...
Former Chancellor says UK is falling behind on crypto opportunity
24.6.2022
The former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading
Seven Minutes From American Arcadia: It's Like The Truman Show, But They’re Trying To Kill You
23.6.2022
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Canadian regulator takes enforcement actions against Bybit and Kucoin
22.6.2022
"Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions," said the OSC
Read This Before You Break Up Over Video Games
22.6.2022
Video games provide an opportunity for team building, relaxation, and vicarious experiences you couldn’t have anywhere else, but for couples where one person is more interested in them than the other, video games might only produce the inconvenient question: should we break up? In a relationship...
Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing
21.6.2022
The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still...
Colombia's new president seems to be a fan of Bitcoin
21.6.2022
“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regards to mining crypto in Colombia
Law Decoded, June 13–20: Celsius exodus and liquidity crisis
21.6.2022
American platform became the first one to freeze the withdrawal operations, but might not be the last
Chinese court invalidates 2019 car sale made using now worthless crypto token
20.6.2022
It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place
Russian Finance Ministry Rules Out Sale of Oil for Bitcoin
20.6.2022
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto...
Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors
19.6.2022
Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). The case against Terraform Labs (TFL) was filed by the plaintiff Nick Patterson on behalf of others...
President of Panama Partially Vetoes Crypto Law Passed by National Assembly
18.6.2022
Laurentino Cortizo, president of Panama, has exercised his veto powers to make a series of objections to the recently approved cryptocurrency law. The observations of the president only touch on certain articles and do not affect the law in its entire scope. However, these articles of the bill will...
Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC
18.6.2022
Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would...