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New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
19.11.2020
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also...
Binance hires Trump lawyer who helped put Gawker Media out of business
18.11.2020
Celebrity attorney with extensive Hollywood and political connections will appear in battle with Forbes
Binance files US lawsuit against Forbes and two cryptocurrency journalists
18.11.2020
Cryptocurrency exchange alleges "millions of dollars" in losses as a result of what it describes as a "false and misleading" article
Charged Aussie Bitconnect promoter faces up to 47 years in prison
18.11.2020
The Australian could be 99-years old by the time he is released if he’s sentenced to the maximum penalty
Kyrgyzstan's central bank developing draft law for cryptocurrency industry
16.11.2020
Solid crypto regulations would be a long time coming for Kyrgyzstan
Law Decoded: Of AML and appointees, Nov. 6–13
13.11.2020
In the U.S., all eyes are on Biden's planned appointees, while Europe is seeing progress under a new AML regime
Russia Proposes New Rules and Penalties for Cryptocurrency Owners
13.11.2020
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation...
BitMEX crypto exchange steps up AML and trade surveillance measures
12.11.2020
New technology will help screen out bad actors, BitMEX says
U.S. law firm says IRS is coming after Coinbase users who evade taxes
11.11.2020
Once an IRS investigation or audit is opened, it's too late to make amends, warn tax lawyers
Argentina's Parliament will see a new bill presenting a framework for crypto
10.11.2020
One of Argentina's youngest deputies is prepping new legislation to provide a national framework for crypto, which will reportedly hit the parliament next week
Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers
10.11.2020
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen...
Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen
10.11.2020
Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam...
More crypto regulation is coming, industry execs say
6.11.2020
After multiple years of heightened legal overwatch, the future may hold much of the same
South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
6.11.2020
South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers
Global law firm launches 'high value asset' token platform ‘TOKO’
6.11.2020
DLA Piper’s new tokenization platform has already completed its first asset tokenization with a “piece of fine art.”
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...
Brazilian gov't gets help from US Justice Department to seize $24M in crypto
5.11.2020
The government of Brazil requested assistance from US authorities regarding a crypto fraud scheme called “Operation Egypto.”
Justice Department files antitrust lawsuit against Visa's acquisition of Plaid
5.11.2020
Monopolizing a market is legal in some instances, but not others
Justice Department seizes $1 billion in recently moved Silk Road crypto
5.11.2020
The move follows widespread crackdowns by the DoJ on crypto
$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies
5.11.2020
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands...