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Panama's president says he won't sign crypto bill into law 'at this moment'
20.5.2022
“If the law has clauses related to money laundering activities — Anti-Money laundering activities — that’s very important to us," said Panama President Laurentino Cortizo
Texas Game Studio Will Help Employees Fleeing Anti-Trans, Anti-Abortion Laws
20.5.2022
As large areas of the United States grow increasingly hostile toward trans folks and abortion rights, one Texas game studio CEO is promising to assist employees who want to leave the state should it come to that (h/t GamesIndustry.biz).Read more
Indian government's ‘blockchain not crypto’ stance highlights lack of understanding
19.5.2022
India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate
Trade Minister Expects Russia to Legalize Cryptocurrency
19.5.2022
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister...
Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
19.5.2022
Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto...
Lawsuit: Blizzard Lets Minors ‘Gamble’ On ‘Worthless’ Hearthstone Card Packs
19.5.2022
Blizzard is facing a proposed class-action lawsuit over card packs sold to minors in Hearthstone, its popular World of Warcraft-themed trading card game. A parent in Arizona claims his child purchased hundreds of dollars worth of the cards without realizing how rare it is to get good cards out...
3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout
18.5.2022
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow...
‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance
18.5.2022
Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi
Crypto users react to Terraform Labs legal team purportedly leaving company
17.5.2022
Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money
This week’s Law Decoded: Is depegging a real threat to financial stability?
17.5.2022
Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more
Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products
17.5.2022
The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures be held liable for any law violations when promoting crypto...
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
16.5.2022
An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions
CBDC activity heats up, but few projects move beyond pilot stage
16.5.2022
Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....
Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review
15.5.2022
With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock...
Germany Declares Crypto Gains Tax-Free After 1 Year — Even if Used for Staking, Lending
14.5.2022
The German Ministry of Finance has published a letter officially confirming that the sale of crypto assets is tax-free after one year even if the coins are used for staking and lending. How Crypto Gains Are Taxed in Germany The German Ministry of Finance announced Wednesday that it has published...
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
13.5.2022
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not...
Hong Kong Police Arrest Conman After He Vanished With Over $191K Belonging to a Crypto Trader
13.5.2022
Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices. No Funds Recovered...
PlayStation Boss Asks Staff To Respect All Abortion Opinions In Email About Cats
13.5.2022
An internal email from PlayStation president Jim Ryan contains several paragraphs about cats, but doesn’t contain a hard stance in support of his staff’s reproductive rights, and even asks employees to “respect” anti-abortion views and opinions, leaving many PlayStation staff angry and upset.Read...
Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million
12.5.2022
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence Liquidators of the South African...