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Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom
24.5.2023
A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023. Terraform Labs Co-Founder’s Bail Request...
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
24.4.2023
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...
bZX DAO class-action ruling: Dev with upgrade key makes platform custodial
28.3.2023
Delphi Labs general counsel Gabriel Shapiro tweeted that the ruling can also be potentially applied to developers with multisigs
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities
23.2.2023
A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot...
Belarusian Fined $1 Million for Illegal Crypto Trading
13.1.2023
A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader...
Court in China Recognizes NFTs as Virtual Property Protected by Law
6.12.2022
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet...
Roskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet
7.7.2022
Russia’s mass media regulator, Roskomnadzor, has restored access to a major Russian crypto news portal. Bits.media was recently blocked as a result of proceedings in a regional court that its representatives were not even summoned to attend. Crypto News Site Bits.media Again Available...
Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent
24.5.2022
The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced...
Russian Appellate Court Cancels Decision to Block Tor Project’s Website
23.5.2022
A court of appeals in Russia has overturned a ruling by a regional court which allowed the blocking of the Tor Project’s website in the country. Due to violations during the initial proceedings, the case has been returned to the court of the first instance for another review. Roskomsvoboda...
UK Court recognizes NFTs as ‘private property’ — What now?
15.5.2022
Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud
Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey
9.1.2022
The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for...
Court Ruling Threatens 17 Crypto Exchanges in Russia
10.10.2021
Another batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms. Roskomnadzor May Take Down...
Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
6.7.2021
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai...
Russian Court Bans Websites Explaining How to Trade Bitcoin
11.6.2021
A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur...
Bitcoin Cash antitrust suit dismissed with prejudice
2.4.2021
A Judge has nixed a lawsuit alleging Roger Ver and Jesse Powell and several other crypto figures engaged in market manipulation
US Federal Court Rules NSA Mass Surveillance Illegal, Credits Edward Snowden
3.9.2020
A federal appeals court has ruled that the U.S. National Security Agency (NSA) mass surveillance program that collected data on billions of Americans’ telephone calls was illegal and possibly unconstitutional. The program was exposed by former NSA contractor Edward Snowden. A Victory...
Judge Grants Injunction Halting Telegram’s TON Release Again, Notice of Appeal Reportedly Filed
25.3.2020
The embattled Telegram Open Network (TON) blockchain and its native gram cryptocurrency have seen plans for launch stifled once again, with a preliminary injunction granted by Southern District of New York Judge P. Kevin Castel. The March 24 injunction sides with the U.S. Securities and Exchange...
Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors
27.2.2020
A court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with...
Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case
28.1.2020
The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court...
OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund
4.11.2019
A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume...