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Law Decoded, June 7–13: Lummis-Gillibrand bill is finally here
13.6.2022
Senators confirmed that Bitcoin and Ether will be classified as commodities and regulated by the CFTC
Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’
13.6.2022
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last...
Russian Parliament to Review Bill Prohibiting Crypto Payments
13.6.2022
Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use...
DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert
12.6.2022
A researcher from the University of Nicosia elaborates on key controversies of decentralized finance
EU Nears Agreement on Crypto Regulations, Report Reveals
12.6.2022
Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto...
Lithuanian Government Approves Stricter Crypto Regulations
11.6.2022
The government in Vilnius has approved amendments introducing more stringent regulations for the country’s growing crypto space. The legislation is aimed at managing risks associated with crypto assets and preventing Russian attempts to circumvent Western sanctions imposed over the war...
Coin Center takes US Treasury to court over alleged financial spying
11.6.2022
Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate
US Stablecoin Law Could Actually Pass This Year, Lawmakers Say
10.6.2022
The collapse of terraUSD only added extra fuel to the fire of those saying the sector needs regulatory clarity, and fast
'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"...
Anonymous hacker served with restraining order via NFT
9.6.2022
International law firm Holland & Knight served a defendant in a hacking case with an NFT that was created and airdropped by its asset recovery team
Self-regulatory orgs for crypto keep ecosystem afloat pending clear regulations
9.6.2022
In places where crypto has no solid legal framework, self-regulatory organizations act as a ladder for crypto companies to evolve
New Law Will Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry
9.6.2022
Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that will ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira...
Brazilian Judge Dismisses Bitcoin Scam Mastermind’s Attempt to Block His Extradition to South Africa
9.6.2022
A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann...
Information, AML/CFT steps are key to fighting international digital crime, DOJ report says
8.6.2022
The Justice Department report, mandated by the president executive order on digital asset development, recommends more efforts along the lines already being pursued
New York Governor yet to commit to signing Bitcoin mining ban into law
8.6.2022
“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months,” said Governor Hochul
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
7.6.2022
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region
New Japanese law may allow seizure of stolen crypto
7.6.2022
Under the current variation of the law, there is no explicit procedure outlined for law enforcement officers to seize illegally obtained crypto from crime organizations
Nintendo's Big Piracy Case Is A Very Sad Story
7.6.2022
Back in February, Gary Bowser—who in most media reports has been described as a ‘hacker’—was sentenced to 40 months in prison for his role in selling cheat and modification devices for Nintendo hardware. Being a court case, most of the reporting dealt only with names on a page and cold facts, but...
Japanese Justice Ministry Wants Law Enforcers to Have Power to Seize Crypto
7.6.2022
Japan’s Ministry of Justice wants to give courts and police officers the power to seize cryptoassets in criminal cases – and could allow the state to take control of tokens that have been used in money laundering operations....
Read More: Japanese Justice Ministry Wants Law Enforcers to Have...
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...