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Prosecutors argue 'insider trading' claim in the OpenSea case is accurate
19.10.2022
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.”
UK Law Commission to review international laws on crypto to consider legal reforms
18.10.2022
The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner
11.10.2022
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy
Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations
7.10.2022
PRESS RELEASE. In light of the strengthened supervision of the cryptocurrency sector by Lithuania, Gofaizen & Sherle, an international legal and management consulting firm based in Europe, has taken the initiative to assist businesses in navigating these new regulations. According...
Anchorage co-founder to US regulators: ‘What we want is clarity’
7.10.2022
There’s “15 different regulators” and “basically no clarity” when it comes to cryptocurrency regulation in the United States, according to Diogo Mónica
Namibian Central Bank: Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment
6.10.2022
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle...
Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day
5.10.2022
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower...
SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax
3.10.2022
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans...
WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’
29.9.2022
A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed
California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
28.9.2022
The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s...
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...
A Former CFTC Chair Thinks There is No Need For New Laws on Stablecoins: Here’s What He Said
23.9.2022
Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC) and a current research fellow at Harvard's Kennedy School of Government, argued that regulatory progress on stablecoins can be made immediately by utilizing the current laws....
Read More: A Former CFTC Chair Thinks...
Draft US stablecoin bill would ban new algo stablecoins for 2 years
21.9.2022
It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price
ICO Promoter Ian Balina Charged With Violating Federal Securities Laws
19.9.2022
Crypto promoter Ian Balina has been charged with violating federal securities laws for his role in promoting – and later reselling – tokens connected to a 2018 initial coin offering (ICO)
SEC, Ripple Call for Immediate Ruling in Suit Over Whether XRP Sales Violated Securities Laws
18.9.2022
South Korean ministry recommends enactment of special Metaverse laws
18.9.2022
The MSIT identified that imposing older regulations serve as a deterrent to the growth of new ecosystems
Ether staking could trigger securities laws — Gensler
16.9.2022
Though he did not specify any particular crypto, SEC chair Gary Gensler said proof-of-stake cryptocurrencies could be subject to securities laws
Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December
15.9.2022
The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation...
SEC's Gensler Holds Firm That Existing Laws Make Sense for Crypto
13.9.2022
Securities and Exchange Commission (SEC) Chair Gary Gensler told the Practising Law Institute last week that existing securities laws fit the crypto markets in a speech that’s garnered attention from all parts of the digital currency ecosystem. Prior to the speech, I had the opportunity to speak...
Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says
8.9.2022
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends...