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Chainalysis hit with $650M lawsuit, Italy to hike Bitcoin tax: Law Decoded
21.10.2024
Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin
XRP’s Legal Status Unshaken Amid SEC Appeal – Ripple Prepares Counterstrike
20.10.2024
Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans...
Montenegro halts Do Kwon’s extradition again ahead of appeal ruling
18.10.2024
Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry
Montenegro halts Do Kwon’s extradition again ahead of appeal ruling
18.10.2024
Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry
Crypto.com sees ‘strong legal footing’ in crypto rulings against SEC
18.10.2024
Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said
Crypto.com sees ‘strong legal footing’ in crypto rulings against SEC
18.10.2024
Previous crypto rulings against the SEC have put Crypto.com on a “strong legal footing” in its lawsuit against the regulator, its chief legal officer Nick Lundgren said
UAE to introduce legal framework for DAOs
18.10.2024
UAE lawyer Irina Heaver told Cointelegraph that the framework would allow even smaller DAOs to operate legally.
20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
18.10.2024
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses....
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
17.10.2024
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw...
US Prosecutors Seek Reduced Sentence for Bitfinex Hacker Ilya Lichtenstein
16.10.2024
U.S. prosecutors are requesting a reduced sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex bitcoin heist, citing his significant cooperation in recovering stolen assets. Lichtenstein faces sentencing for stealing 120,000 bitcoin, worth $71 million at the time. U.S. Government...
Are non-KYC exchanges riskier? Understanding legal implications
15.10.2024
Non-KYC crypto exchanges expose users to significant legal risks, including liability for money laundering, asset seizure and tax compliance issues
Smart Contracts Achieve Legal Breakthrough in Argentina
15.10.2024
Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one. They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use...
Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority
14.10.2024
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing...
Ripple Fires Back at SEC: Cross-Appeal Seeks to Overturn Unresolved XRP Issues
13.10.2024
Ripple has escalated its legal battle with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal to challenge unresolved issues around XRP sales. This comes after the SEC sought to overturn parts of the rulings that cleared Ripple’s retail XRP transactions from securities...
Prosecutors Recommend 18-Month Prison Term for Heather Morgan in Bitfinex Hack Case
12.10.2024
Heather Morgan, known by her rap persona “Razzlekhan,” could land an 18-month prison sentence after pleading guilty to laundering cryptocurrency linked to the 2016 Bitfinex hack. Prosecutors described her role as pivotal in obscuring stolen bitcoin through complex schemes, despite...
FTX's Salame Hoped Dog Bite Would Delay Prison, But Tucker Carlson Derailed Effort
11.10.2024
Former FTX executive Ryan Salame, convicted of violating U.S. election laws in his contribution of millions of dollars in the previous congressional elections, has been rebuffed in an 11th-hour attempt to delay his prison sentence to treat a dog bite to his face
Crypto staking Jarretts again sue IRS over block reward taxes
11.10.2024
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.
Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering
10.10.2024
The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities...
Ripple Labs escalates dispute with SEC, files notice of cross-appeal
10.10.2024
Ripple has disclosed plans to take its legal battle with the SEC to a higher court in the United States
FTX investors end lawsuit targeting Sullivan & Cromwell
10.10.2024
The Moskowitz Law Firm, the lead plaintiffs’ counsel, said that it had dismissed Sullivan & Cromwell voluntarily and that no settlement was associated with the dismissal.