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Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
12.5.2022
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as...
5 state regulators allege organization is tied to Russia, scamming users using metaverse casino
11.5.2022
"The same rules that apply to investments in the physical world continue to apply to investments in virtual worlds," said the regulators
Lawsuit Claiming Steam Gives Valve Too Much Power Is Moving Forward After All
11.5.2022
A U.S. district judge has decided that an antitrust lawsuit against Valve over how it operates and uses the Steam platform can move forward. The company suing Valve, Wolfire Games, alleges that the Half-Life and Portal developer uses its digital storefront and its huge amount of control over the...
EU Ban on Tax-Haven Crypto Firms Could Breach Trade Law, Commission Warns
10.5.2022
Lawmaker proposals to blacklist non-compliant firms are getting a rough ride as the landmark crypto legislation reaches its final stages
US Treasury Secretary reaffirms need for stablecoin regulation following UST crash
10.5.2022
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S. given the growth of the market
UK government targets crypto in latest legislative agenda
10.5.2022
The Queen’s Speech for the State Opening of Parliament included bills supporting “the safe adoption of cryptocurrencies" as well as authority to "seize and recover crypto assets.”
Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022
9.5.2022
Last week was marked by reinvigorated discussion on crypto 401(k) among high-profile US policymakers
Wordle Removes ‘Fetus’ Answer Following Attack On Abortion Rights
9.5.2022
Today’s Wordle answer was supposed to be “fetus,” and for many it still was, despite The New York Times trying to pull the word ahead of time. In light of reports that the Supreme Court is currently slated to overturn Roe v. Wade and toss out abortion rights for millions along with it, the Greylady...
Nvidia to pay $5.5M as part of SEC case concerning 'inadequate disclosures' around crypto mining
6.5.2022
"All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete, and accurate," said Kristina Littman
Georgia to Unveil New Cryptocurrency Law by This Fall
6.5.2022
Authorities in Georgia are now holding discussions with industry representatives to finalize a bill designed to regulate coin trading, among other crypto-related activities. The legislation will be presented to the Georgian society this fall at the latest, a top central bank official announced....
Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks
6.5.2022
The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin...
CFTC commissioner appoints crypto-experienced CME Group director as chief counsel
5.5.2022
During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products including BTC and ETH derivatives
California governor issues blockchain executive order building on US President’s regulatory efforts
4.5.2022
"We’re getting ahead of the curve on this, laying the foundation to allow for consumers and business to thrive," said California Governor Gavin Newsom
From within: Dubai's virtual asset regulator plans to open HQ in metaverse
4.5.2022
The move came less than two months after Sheikh Mohammed bin Rashid Al Maktoum established VARA and announced a new legal framework for crypto in Dubai
Report: Two South Koreans Paid in Bitcoin to Spy for North Korea
4.5.2022
South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total...
Gatorade trademark applications hint at joining the metaverse
3.5.2022
Should Gatorade go meta, it may join a number of major food and drink brands exploring virtual offerings, including Coca-Cola, McDonald’s, and Anheuser-Busch
Uzbekistan's president issues decree to adopt special crypto framework
3.5.2022
The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework including a 7.5% income tax on crypto-related salaries
Hawaii Senate committees favor task force to regulate crypto, blockchain
3.5.2022
The task force will submit findings and potential legislation back to the State Capitol — which involves providing a plan to expand blockchain adoption in both the private and public sectors
Dfinity Foundation files lawsuit against Meta over infinity logo
2.5.2022
The court filing is based not on Meta’s logo using the infinity symbol itself, but rather registering a trademark for use in fields offering similar goods and services
Florida Cops Killed Someone Over Shoplifted Pokémon Cards
2.5.2022
Osceola County Sheriff’s Office deputies opened fire on four suspects believed to have stolen Pokémon cards and a pizza, Vice reports. One died after being transported to a hospital, while two others were charged with petty theft.Read more