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Celsius’ Proposed Extension for Wind-Up Opposed by Creditors, US Government
9.2.2023
Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn
Proposed Israeli law to classify crypto as securities will 'kill the industry'
9.2.2023
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
8.2.2023
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise...
Logan Paul Named in Proposed Class Action Suit for CryptoZoo ‘Rug Pull’ After CoffeeZilla Expose
3.2.2023
A suit filed in U.S. Courts in Texas alleges fraud, breach of contract, unjust enrichment, violation of deceptive trade practice law, and negligence over a token sale for a Web3 game that never materialized
US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase
3.2.2023
A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against Coinbase Dismissed A proposed class action lawsuit...
Judge dismisses proposed class action suit alleging Coinbase securities sales
1.2.2023
The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts
Judge Dismisses Proposed Class-Action Lawsuit Alleging Coinbase Sold Unregistered Securities
1.2.2023
The suit also accused Coinbase of failing to register as a broker dealer
Crypto Bank Custodia Denied Membership in US Federal Reserve System
29.1.2023
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model...
Ban on Crypto Mining in Residential Areas Proposed in Russia
28.1.2023
Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy...
CEO of Canadian Utility That Proposed Banning New Power to Crypto Miners Exits
24.1.2023
Hydro-Québec's CEO Sophie Brochu to leave company on April 11
Crypto Tax Proposed by Lawmakers to Fund EU Budget
24.1.2023
Taxing capital gains, mining or crypto transactions are all being examined to fund the bloc’s $185 billion annual spending
Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS
13.1.2023
Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency...
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager
12.1.2023
The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets...
Proposed bill in Argentina to encourage citizens to reveal crypto holdings
11.1.2023
Argentines could soon be motivated with tax incentives to declare their crypto holdings as the government aims to tackle money laundering with a proposed bill
Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens
6.1.2023
The feedback was given in response to a proposed ban by the Monetary Authority of Singapore published back in October
Judge Dismisses Crypto Lawsuit Against Kim Kardashian
11.12.2022
A class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their promotion of crypto token ethereummax has been dismissed. The judge stated that the law “expects investors to act reasonably before basing their bets on the zeitgeist of the moment.” Crypto Lawsuit Against...
Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported
10.12.2022
The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central...
Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners
5.12.2022
Kentucky’s Public Service Commission is concerned the rates could result in higher electric bills for state residents
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry
28.11.2022
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that...
Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads
19.11.2022
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services....