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Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition


A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition...

South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security


Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent...

US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine


A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon...

Bored Ape Yacht Club Copycats Dealt Legal Blow by US Court


The hugely popular non-fungible token (NFT) maker of Bored Ape, Yuga Labs, has recently won its case against copycat Ryder Ripps.  According to court documents, Yuga Labs is said to have won on all counts. The legal tussle which began last summer seems to have turned in the face of Yuga Labs. ...

Report: Terraform Labs Co-Founder Do Kwon Charged by Montenegro Prosecutors


Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the United States where he faces several charges....

Tornado Cash Dev Alex Pertsev to Be Released on Bail by Dutch Court


Tornado Cash developer Alex Pertsev will be released from jail under surveillance after spending nearly nine months in prison over allegations of facilitating money laundering. According to Eléonore Blanc, founder of crypto education platform CryptoCanal, who was present at the court hearing,...

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