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US Firms Providing Custody Services Should Account for Crypto Assets as Liability, Disclose Risk, SEC Says
31.3.2022
SushiSwap community proposes Swiss legal structure to limit DAO liability
21.3.2022
According to the proposer Tangle, the intended foundation will play a key role in limiting the liability for contributors and driving Sushi’s future growth
Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says
11.2.2022
University students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb crypto mining with cheap energy in residential areas. Mining...
Decentralized autonomous organizations: Tax considerations
6.2.2022
Much has been said about the legal implications of DAOs, but little attention has been paid to the tax and reporting considerations for DAOs and their token holders
Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira
26.12.2021
Turkey’s President Recep Tayyip Erdoğan reportedly announced that the country’s cryptocurrency law “is ready” and will be submitted to parliament “without delay.” Meanwhile, Turkey’s Financial Crimes Investigation Board (MASAK), which oversees...
Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets
24.11.2021
The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims...
IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600
16.9.2021
On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across...
Powers On... Why the fear of ICO enforcement and liability is coming to an end
27.7.2021
Eleven class actions against crypto firms and their founders started with a bang and will end with a whimper — as they should
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
28.6.2021
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening...
Crypto’s fraught relationship with Elon Musk: Ambassador or liability?
15.6.2021
In an optimistic interpretation, Musk’s relationship with crypto could be a force that always wills the evil and always produces the good
Wyoming To Recognize DAOs As Limited Liability Companies This July
22.4.2021
Report: CD Projekt Red Issuing DMCA Takedowns To Keep A Lid On Hacked Source Code
22.2.2021
Maker of The Witcher 3 and Cyberpunk 2077, CD Projekt Red, is hitting Twitter users with Digital Millennium Copyright Act (DMCA) takedowns for sharing links to Gwent source code, according to a recent report by Vice.Read more
Take-Two Goes After Reverse-Engineered Grand Theft Auto Code
22.2.2021
Last week we shared the good news that the source code for Grand Theft Autos III & Vice City had been reverse-engineered, allowing folks to port the games and come up with cool new mods. Now, we bring you the predictable news that publisher Take-Two Interactive are not happy.Read more
Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud Americans
15.1.2021
The U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department...
US Is Debating Risk vs. Liability for New Crypto Tax Rules
19.11.2020
Treasury department officials are wrangling with how to focus a coming set of crypto tax rules
Crypto Execs Need Liability Insurance
16.11.2020
When crypto companies are denied liability insurance, they are disincentivized from innovating
Russia Shelves Plans to Criminalize Bitcoin Transactions – For Now
21.7.2020
Russia has dropped plans to criminalize bitcoin transactions – for now, according to local media reports. The Digital Financial Assets Bill (DFA), due to be read for the second time in the Russian parliament – or State Duma – on July 21, has removed references to administrative...
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
Korean Crypto Exchanges Update T&Cs to Accept Liability for Hacks
17.6.2019
Five South Korean crypto exchanges have been forced to update their terms and conditions to accept liability for potential hacks and service issues
dOrg Founders Have Created the First Limited Liability DAO
12.6.2019
dOrg melds LLC and DAOs to create a legal framework for decentralized organizations