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Coin Center Attempting to Sue US Treasury, IRS Over ‘Unconstitutional’ Infrastructure Act
13.6.2022
The Washington-based crypto industry pressure group Coin Center says it has filed a lawsuit against the United States Treasury Department and the Internal Revenue Service – claiming that the crypto tax reporting requirements included in President Joe Biden’s Infrastructure Investment and Jobs...
Governments May Have Had Some Successes, but Seizing Bitcoin and Crypto Is Still Very Hard
12.6.2022
It may have strong competition, but one of the most disturbing things to happen to crypto in 2022 was the Ontario Superior Court of Justice issuing a Mareva injunction. Set against the backdrop of demonstrations and blockades that “paralyzed” Ottawa early this year, this injunction permitted...
Crypto-Related Lawsuits Rising in Russia, Criminal Cases Increase by 40%
12.6.2022
Courts in Russia are hearing a growing number of cases around crypto assets, a new study has shown. About two-thirds of them have been launched under provisions of the country’s Criminal Code but civil cases represent a large share as well. Criminal Cases Involving Cryptocurrency in Russia...
'First Time Ever', US Law Firm Airdrops NFT Subpoena in Exchange Hack Case
10.6.2022
In what could represent a landmark legal development for the crypto industry, US law firm Holland & Knight has served a defendant a pre-trial temporary injunction as a non-fungible token (NFT), acting in a legal case involving its client, crypto exchange LCX.
For the "first time in history"...
SEC Reportedly Looking into UST ‘Federal Violations’ of ‘Investor Protection Regulations’
10.6.2022
American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin's operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC)....
Read More: SEC Reportedly Looking into UST ‘Federal Violations’...
Optimism Rises Towards Grayscale’s Bitcoin ETF Application as Star Legal Counsel Joins Team
9.6.2022
Leading voices in the crypto industry are optimistic that Grayscale, the major cryptoasset management firm behind the Grayscale Bitcoin Trust (GBTC), will be successful in getting the necessary approvals to convert the trust to a spot-based bitcoin (BTC) exchange-traded fund (ETF)....
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Legal troubles mount for Terraform Labs as Seoul police investigative
9.6.2022
South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation
US Crypto Bank Custodia Sues the Fed Over Delayed Master Account Application Processing
8.6.2022
US digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (Fed) Board of Governors and the Federal Reserve Bank of Kansas City, accusing the two institutions of “unlawfully” delaying its application for a master account with the Fed for 19 months....
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Outgoing French Lawmaker Calls for Fossil-Based Crypto Mining Ban, DAO Legal Status
8.6.2022
Europe needs to stop dithering and capture the crypto opportunity, Pierre Person says
Grayscale Bolsters Legal Team With Top Obama Lawyer Ahead of Spot ETF Decision
7.6.2022
Grayscale has hired Donald B. Verrilli Jr. as the firm continues its push to get its bitcoin trust converted into a spot bitcoin ETF
Brazilian Crypto Exchange Foxbit Forced to Pay Customer in ‘Lost’ Ethereum Claim
7.6.2022
A court in Brazil has ordered the domestic crypto exchange Foxbit and another crypto-related firm to “reimburse” customer who “lost” almost USD 3,000 worth of ethereum (ETH) in a transfer in February 2020....
Read More: Brazilian Crypto Exchange Foxbit Forced to Pay Customer in ‘Lost’ Ethereum...
Epic CEO Calls Fortnite Crypto 'A Scam,' Threatens Legal Action
7.6.2022
I’m not surprised that Fortnite crypto exists. Whether it’s Nintendo or Minecraft NFTs, crypto scammers love to make environment-destroying projects out of other people’s IPs. What’s surprising is that Epic Games CEO Tim Sweeney bothered to give the Fortnite Tokens project his time of day. “This...
Elon Musk ‘Looking for Excuse’ to Ditch Agreement to Buy Twitter, Say Legal Experts After Fresh Bot Claims
7.6.2022
The Tesla boss Elon Musk’s USD 44 billion bid to buy Twitter may have hit the rocks, with some legal experts claiming that the billionaire may be using the 'preponderance' of bots on the social media platform “as an excuse to abandon or renegotiate” his deal....
Read More: Elon Musk ‘Looking...
RocketPlay: #1 Online Casino for Canadian Players in 2022
7.6.2022
RocketPlay was introduced in the year 2020 for the whole world and the casino licensed and registered under the legal gambling authorities. We offer tremendous games like Jackpots, Slots, Tables and many more BTC games exclusively for all our players. … Continued
The post RocketPlay:...
Elon Musk Accuses Twitter of ‘Material Breach’ of Agreement — Threatens to End $44B Deal
7.6.2022
Tesla and Spacex CEO Elon Musk believes that Twitter is in material breach of the merger agreement with him, so he has the right to terminate the deal. The social media giant has refused to provide critical information relating to spam and fake accounts on its platform, Musk’s legal team...
DEXes Outpace CEXes, Binance Buys CAKE, Losing Crypto Funds, IRA vs. Gemini + More News
6.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: DEXes Outpace CEXes, Binance Buys CAKE, Losing Crypto Funds, IRA vs. Gemini + More News
Paradigm Hires Romney Presidential Campaign Alum as Legal Head
6.6.2022
Katie Biber, who will serve as chief legal officer, joins the venture capital firm from financial technology company Brex
Survey: More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved Their Personal Finances
6.6.2022
A recent survey has offered some insight into the real opinions Salvadorans have about the implementation of the Bitcoin Law in the country. The survey, carried out by the University Institute of Public Opinion of the José Simeón Cañas Central American University, found that most...
Do Kwon Unlikely to Face Criminal Charges in US, Say Legal Experts
5.6.2022
Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely...
Smart contracts can redesign legal agreements, but businesses beware
4.6.2022
Smart contracts provide plenty of benefits, but find out why those benefits can be just one side of a double-edged sword