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SEC Amends Lawsuit Against Tron Founder, Asserting US Jurisdiction
19.4.2024
The United States Securities and Exchange Commission (SEC) has filed an amended lawsuit against Tron founder Justin Sun, claiming he spent a significant amount of time in the U.S., thus granting the SEC jurisdiction over him and his businesses. The SEC alleges that Sun’s extensive travel...
Lithuania’s Fintech Haven to Cull Crypto Firms Under New Licensing Rules
3.4.2024
Lithuania intends to implement a rigorous licensing process for crypto companies currently operating within its jurisdiction. This initiative, scheduled to commence next year, is expected to result in the removal of many digital asset companies.
The post Lithuania’s Fintech Haven to Cull...
Tron’s Parent Company Seeks Dismissal of SEC Lawsuit, Citing ‘Predominantly Foreign Conduct’
1.4.2024
The entity behind the layer-1 blockchain Tron has requested the dismissal of a lawsuit filed by the SEC against it, arguing that the regulator's focus on "predominantly foreign conduct" goes beyond its jurisdiction.
The post Tron’s Parent Company Seeks Dismissal of SEC Lawsuit, Citing...
Isle of Man Seeks Public Input in Effort To Tighten Crypto Assets Regulation
13.2.2024
The Isle of Man has rolled out a public consultation on possible crypto assets regulation to protect investors in the jurisdiction. In a Feb 13 release, financial authorities in the self-governing British Crown dependency sought models to expand its laws on crypto assets in line with global...
US Lawmaker Spotlights Crypto Bills Approved by House Committee This Year
26.12.2023
U.S. Congressman Tom Emmer has highlighted various crypto bills that passed out of the House Committee on Financial Services this year. Among them is his appropriations amendment barring the U.S. Securities and Exchange Commission (SEC) “from using taxpayer dollars on its abusive crypto...
Binance’s Thai Expansion With Gulf Energy Under Scrutiny Post $4.3 Billion US Penalties
29.11.2023
Source: Pixabay Binance is reportedly facing challenges in Thailand ahead of its plans to launch a new crypto platform with billionaire Sarath Ratanavadi’s Gulf Energy. The beleaguered exchange, which is currently facing criminal charges and civil lawsuits in the US, is under scrutiny in Thailand....
EU Parliament Tasks Members to Take Leading Role in Metaverse-Tech Implementation
28.11.2023
Source: AdobeStock / Grecaud Paul The European Union (EU) parliament has called on member-states to take the lead in the creation of digital worlds in terms of strategy and technology implementation. In a Nov 29 press release, the body urged relevant parties in the jurisdiction to take charge...
Spain’s Central Bank Governor Says Digital Euro Not Consumer Priority, Pushes for Wider Collaboration
22.11.2023
The Governor of Spain’s central bank, Pablo Hernandez de Coz says there is no urgent desire among users in the jurisdiction for a Central Bank Digital Currency (CBDC), explains the digital euro’s roadmap. In a recent speech at the Annual Convention of the Associacion de Mercados ...
International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up
10.11.2023
Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement
Abu Dhabi Global Market Unveils New Regulations for Web3 Firms
2.11.2023
Abu Dhabi seeks to beef up its web3 landscape with new guidelines for blockchain-based firms as its crypto hub is projected to grow in the coming months. The Abu Dhabi Global Market (ADGM) announced new rules that create numerous blockchain foundations and how they operate within the jurisdiction...
South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
5.10.2023
Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing...
Examining the Concept of Flatcoins: Crypto Tools to Battle Inflation
12.9.2023
With the issue of inflation rising as a real problem for global economies last year, there has been a renewed need for people to seek a way of preserving their purchasing power. Flatcoins, stable currencies that change their value according to the inflation in a determined jurisdiction, have surged...
A Look at the Online Safety Bill and How It Might Affect Privacy in the UK
11.9.2023
The Online Safety Bill, a piece of legislation that seeks assurances to keep some sites free of illegal and harmful content for U.K. jurisdiction, is facing opposition from tech and messaging giants due to its possible effects on privacy and encryption. The bill introduces clauses allowing...
France’s Data Watchdog Conducts Checks at Worldcoin Office in Paris
3.9.2023
The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer Openai....
Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts Court's Jurisdiction in Bankruptcy Case
14.8.2023
In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions....
Read More: Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts...
Class Action Lawsuit Against Tether, Bitfinex Dismissed
5.8.2023
A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market...
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
1.8.2023
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency
Report: French Privacy Regulator Probes Worldcoin’s Biometric Data Practices
29.7.2023
The French oversight agency, National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin’s biometric data collection methods. Besides questioning the legitimacy of its data acquisition processes, CNIL is also delving into how this biometric data...
Europe Expects Its First Bitcoin ETF This Month, Report
16.7.2023
Europe’s first bitcoin exchange-traded fund (ETF) is set to launch in July after a 12-month delay caused by the crypto winter. The fund has been authorized in Guernsey, a more flexible jurisdiction, which will ostensibly help to avoid some of the regulatory challenges associated with the European...
Crypto Investment Firm Paradigm Challenges SEC's Jurisdiction in Bittrex Lawsuit
12.7.2023
Prominent crypto investment firm Paradigm has challenged the US Securities and Exchange Commission's authority to regulate secondary markets for crypto assets.
The company has filed an amicus brief in the SEC's case against cryptocurrency exchange Bittrex, challenging the regulator's attempt...