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Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
16.6.2022
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges...
Celcius Reportedly Hiring ‘Restructuring Lawyers’ as Bankruptcy Speculation Mounts, CEL Pumps & Dumps
15.6.2022
A torrid week for the users and operators of the crypto lender Celsius Network (CEL) is continuing – with restructuring lawyers reportedly called in to help enact emergency measures. Meanwhile, CEL is on a roller coaster today....
Read More: Celcius Reportedly Hiring ‘Restructuring Lawyers’...
Legal battle avoided after YGG and Merit Circle DAO agree to a deal
15.6.2022
The passing of an investment proposal brought into question a legal agreement between the organizations and the Merit Circle DAO agreed to a counterproposal that would ensure a settlement
Brazilian proposal would make crypto payments legal and protect private keys
15.6.2022
The proposed law won’t necessarily make crypto legal tender in the country, but it’ll at least be legally recognized financial asset for investments and other uses
Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action
14.6.2022
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never...
Brazil’s Judges Receive Crypto ‘Training,’ Minister Warns of ‘Gaps’ in Regulation
14.6.2022
Brazilian federal judges have been receiving training on crypto-related matters – in an attempt to prepare the judiciary for an increase in crypto-related court cases....
Read More: Brazil’s Judges Receive Crypto ‘Training,’ Minister Warns of ‘Gaps’ in Regulation
Crypto-related Criminal Cases Rise by 40% Year-on-Year in Russia
13.6.2022
There has been a spike in crypto-related legal activity in Russia – with case numbers growing fast both in the criminal and civil courts.
Per the media outlet Izvestia, researchers from the cybersecurity outfit RTM Group compiled a report showing that 1,531 legal cases related to cryptoassets...
Goldman Sachs Launches New Ethereum Derivative, Layoffs at Crypto.com, Binance vs. Private Litecoin + More News
13.6.2022
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: Goldman Sachs Launches New Ethereum Derivative, Layoffs at Crypto.com, Binance vs. Private Litecoin + More News
Desperate Celsius Users Face Liquidations as Crypto Market Tanks, Solvency Debate Begins
13.6.2022
Some users of Celsius (CEL), a troubled major crypto lender, are facing liquidations of their trading positions as the crypto market crashes and industry players discuss (in)solvency of Celsius and chances to sue the company.
To make things worse, the company has also suspended withdrawals...
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...