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Nalezeno "ai law": 3816

Lack of stablecoin regulation could push issuers out of US: Austin Campbell

19.4.2023
Lawmakers didn't reach a consensus between political parties on a stablecoin bill, as one witness warned this lack of regulatory clarify could drive certain projects abroad

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

19.4.2023
In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency...

US Attorney seeks 7-year sentence for exec in crypto shadow banking case

19.4.2023
U.S. prosecutors are wanting Reginald Fowler to face at least seven years in jail if convicted on April 20

US House committee chair repeatedly presses SEC chair: 'Is Ether a commodity or a security?'

18.4.2023
Securities and Exchange Commission chair Gary Gensler has said the SEC considers Bitcoin a commodity, but refused to pin down Ether at an oversight hearing

NBA Hall of Famer Shaq Served in FTX Investor Suit

18.4.2023
A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX....

Crypto lender Babel gets extended creditor protection in Singapore

18.4.2023
Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022

Australian crypto scams increased by over 162% with nearly $150M lost

18.4.2023
While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022

Canadian Police Launch Cryptocurrency Investigations Center

18.4.2023
The police service of the Canadian city of Calgary is launching a Cryptocurrency Investigations Centre in partnership with blockchain analytics firm Chainalysis to help combat crypto crime. The center “will enable law enforcement to tackle crime that takes place using blockchain technology,”...

All eyes are on stablecoins: Law Decoded, April 10–17

17.4.2023
A week before a hearing in Congress, the United States gets stablecoin regulatory framework

Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations

17.4.2023
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations...

Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape

17.4.2023
Two major P2P platforms announced their closure in the first quarter of 2023. Many blame it on growing regulatory scrutiny, but experts call for better alternatives

The need for real, viable data in AI

17.4.2023
While still in its infancy, blockchain is particularly promising in validating data. Verifying data through blockchain networks can ensure that AI is computing accurate data to produce accurate products and results

New Report: Terra Founder Do Kwon Sent Millions of Dollars to Law Firm Before Collapse of Terra – Here's What You Need to Know

17.4.2023
Terraform Labs founder Do Kwon sent millions in funds to a local law firm in South Korea just before the implosion of the Terra ecosystem. Kwon sent 9 billion won ($7 million) to lawyers at Kim & Chang, the largest law firm in South Korea, just before the collapse of the firm’s algorithmic...

Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report

17.4.2023
South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall

Police in Kosovo Seize Crypto Mining Rigs From Serbs

16.4.2023
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan...

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

16.4.2023
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent...