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Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case


The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court...

Legal Wrinkles Could Blight Taxman’s USD 67m Bithumb Ruling


Lawyers and politicians in South Korea have been debating the legality of the tax service’s recent decision to effectively serve crypto exchange Bithumb with a USD 67 million tax bill. As previously reported, South Korea’s National Tax Service (NTS) has attempted to force Bithumb to pay...

Judge Rules Snowden Must Give Book Proceeds to US Government


A U.S. district judge has ruled that former intelligence contractor Edward Snowden must turn over the proceeds of his new book to the U.S. government. According to the ruling, Snowden failed to obtain clearance for the materials and information used in his book. The same judge previously ruled...

Canadian Regulator Green-Lights Bitcoin Fund IPO


The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling. Also read: Bitcoin...

OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund


A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume...

How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise


Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling...

SEC Delays Wilshire Phoenix Bitcoin ETF Ruling + 11 More Crypto News


Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Regulation news American regulator the Securities and Exchanges Commission (SEC) says it has pushed back its decision...

Craig Wright to Challenge Judge’s Ruling in the Billion-Dollar Lawsuit


Craig Wright is looking to challenge Judge Reinhart’s decision and has asked the court for an extension of time in order to dispute the August 27 ruling. Wright was recently instructed to distribute 50% of his BTC holdings allegedly mined before 2014 and intellectual property (IP) to...

Court Instructs Craig Wright to Distribute Billions to Plaintiffs


On August 26, the self-proclaimed Bitcoin inventor, Craig Wright, was ordered by Southern District Court of Florida to distribute half of his BTC holdings and intellectual property assets from prior to 2014. According to the Kleiman estate attorney Vel Freedman, the family has waited a long time...

RBI Defends Its Power Over Crypto in Indian Supreme Court


The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also...

LEO Best-Performing Coin as Court Extends Bitfinex Ruling


Following news that a New York judge on Monday extended the injunction in the case between the New York Attorney General and Bitfinex, the cryptocurrency exchange’s own token stood out as a winner among a losing pack of cryptocurrencies. At pixel time (09:23 UTC), UNUS SED LEO is one of a...

Russia ‘Suspends’ Crypto Legislation, Blames FAFT Ruling for Delay


The Russian government has postponed the introduction of its planned cryptocurrency regulations – laying the blame for the delay at the feet of the international Financial Action Task Force (FATF). New agency Tass reports that the legislation – which had been slated for a second reading in...

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