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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