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US SEC Imposes $250,000 Penalty, Requires Return of up to $13M for Unregistered ICO
18.12.2019
The U.S. SEC imposes a $250,000 penalty against Blockchain of Things, which may also have to refund up to $13 million netted in unregistered ICO
Former SEC Senior Counsel Joins US Security Token Platform As Chief Legal Officer
17.12.2019
TokenSoft hired Alex C. Levine as its chief legal officer to work on the firm’s regulatory compliance
Bitmain’s Miner Manufacturing Subsidiary Had $680k in Assets Frozen in a Contract Dispute
16.12.2019
In the latest contract dispute to hit the firm, $680,000 belonging to a fully owned subsidiary of bitcoin mining giant Bitmain has been frozen by a Chinese court
New York Attorney General Calls Bitfinex’s Legal Stance ‘Deeply Perverse’ in New Filing
13.12.2019
In a sharply worded brief, the New York Attorney General's Office has criticized the exchange's tactics in its case involving the Tether stablecoin's backing
Majority Leader of California State Assembly Pushes for Legal Certainty for Blockchain
11.12.2019
CA State Assembly Majority Leader wants California to lead blockchain legislation, shares plans at Elev8CON
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...
Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles
5.12.2019
The MLM monitoring publication behindmlm.com revealed on Dec. 1 that the infamous Ponzi scheme Onecoin’s website onecoin.eu has gone offline. According to the domain host Eurid, the onecoin.eu domain name is currently “under legal investigation.” Onecoin’s website going...
Tim Draper Calls For Ross Ulbricht’s Release: ‘We Need Entrepreneurs Like That Guy!’
5.12.2019
One of the most successful investors in the world is publicly calling for the release of the Silk Road creator
Court Backs Nordea Bank Bid to Block Staff From Trading Crypto
3.12.2019
Nordea Bank has won a court battle in Denmark over its bid to bar employees from buying and selling cryptocurrencies outside of work
Swiss Government Moves to Remove Legal Barriers for Blockchain Development
27.11.2019
The Swiss Federal Council has adopted a revised proposal to remove legal hurdles still holding up blockchain innovation, and will pass the legislation to the parliament
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
South Korea Progresses Bill to Provide Legal Foundation for Cryptocurrencies
26.11.2019
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country
New Report on Crypto’s Legal Status in UK Lays Out Regulation Options
22.11.2019
Experts believe new legal statement on crypto will help London keep its crown as the epicentre of the financial world, “The UK was, is, and will be the leading financial center of the world.”
South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges
21.11.2019
A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements
Public Statement Aims to Define Legal Status of Crypto Assets in the UK
18.11.2019
A U.K. legal organization published a statement concerning cryptocurrencies, DLT and smart contracts
Tether to File Motion With NYAG to Dismiss Class Action Lawsuit
15.11.2019
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred
OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal
14.11.2019
The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities
Ohio Crypto Program Hits a Snag, Attorney General Finds It Illegal
14.11.2019
The Attorney General of the U.S. state of Ohio has assessed the state’s crypto program and concluded that it is a legal violation of state law. The state’s former treasurer skirted the law to launch a website that allowed 23 types of tax payments in cryptocurrency ahead of other states....
Kik Suffers Setbacks With ‘Void for Vagueness’ Defense in SEC Case
13.11.2019
Kik has hit a brick wall with its ambitious "void for vagueness" defense in a case brought by the SEC over its $100 million initial coin offering
Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing
13.11.2019
Messaging app firm Telegram has made a new plea to a U.S. court to drop an action brought by the SEC alleging its token is a security