Tag: law

Dec 02 2022

3AC bankruptcy faces issues amid unknown location of founders

Dec 02 2022 Published at Coinscreed under tags  bankruptcy hedge fund law news

The liquidators claim 3AC Co-founders are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce. Judge Martin Glenn ruled on Dec. 2 during a virtual hearing for the Southern District of New York Bankruptcy Court that Three Arrows Capital (3AC) liquidators must provide more paperwork before he will allow them […] The post...

Nov 23 2022

El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

Nov 23 2022 Published at Bitcoin Magazine under tags  bill bitcoin bond el salvador law legal

A digital securities bill has been presented to El Salvador’s Congress, paving the way for the issuance of bitcoin-backed bonds.El Salvador's Minister of the Economy Maria Luisa Hayem Breve submitted a digital assets issuance bill to the country's legislative assembly, paving the way for the launch of its bitcoin-backed "volcano" bonds.First announced...

Jul 29 2022

Is Bitcoin A New Type Of Property?

Bitcoin may eventually be labeled as a brand new type of property in the U.S. and U.K. because it doesn’t physically exist in any one specific location.The below is a direct excerpt of Marty's Bent Issue #1243: “Is bitcoin the emergence of a new type of property in the...

Jul 24 2022

Now That Bitcoin Is Considered Property In The UK, Reclaiming Ransomed Assets Sent To Exchanges Is Much Easier

Jul 24 2022 Published at Bitcoin Magazine under tags  courts law legal opinion property

While bitcoin itself is difficult to confiscate or censor, U.K. courts have labeled bitcoin as property which aids in recovery when scammers try to cash out.This is an opinion editorial by Matthew Green and Brian Mondoh, contributors for Bitcoin Magazine.With all the available cryptocurrencies, including anonymity-designed bytecoin, monero and zcash, ransomware attackers continue to demand...

Jul 01 2022

West Virginia Vs. EPA: Good News For Bitcoin, Beyond The Obvious

Jul 01 2022 Published at Bitcoin Magazine under tags  epa law legal opinion regulation

Here’s how the recent Supreme Court decision will impact the Bitcoin industry.This is an opinion editorial by Colin Crossman, a corporate attorney and entrepreneur. The CaseOn June 30, 2022, the Supreme Court of the United States issued an opinion in the case West Virginia et al. vs. Environmental Protection...

Jun 07 2022

Senator Lummis Introduces Landmark Bitcoin Bill: Here’s What’s In It

The bipartisan Lummis-Gillibrand overhaul legislation has been introduced – here’s everything you need to know about the Bitcoin and crypto bill.The bipartisan Bitcoin legislation by U.S. Senators Cynthia Lummis (R-WY) from the Senate Banking Committee and Kirsten Gillibrand (D-NY) from the Senate Agriculture Committee has finally been introduced – months after the effort was first announced.The...

Does Bitcoin Need Regulation?

An increase in regulation has also been met with an adoption of Bitcoin on a wider scale, but what are the impacts of regulation on the industry?Watch This Episode On YouTubeListen To The...

Jun 02 2022

Is Bitcoin Immune To Government Regulation?

Law, markets, architecture and social norms are forces that constrain individuals’ behavior. Can governments take advantage of these to regulate Bitcoin?Jesse Colzani is a regulatory specialist and Bitcoin researcher.When asked whether the Bitcoin network can be regulated or not, people tend to answer in a binary way. On one side, there are those who say that everything can be...

Apr 25 2022

Bitcoin Songsheet: The State’s Abuse Of Business Is Inherited By Consumers

The hostage holding that regulatory bodies impose upon businesses punishes consumers in various ways.Big business is an extension of the state.Governments control businesses and their customers, and their weapon of choice is legislation. The resulting regulations are so broad and arbitrary that the government can harass businesses until they comply like a mafia protection racket. And given the abundant...

Mar 23 2022

Going Nuclear: Civil Justice System And The Bitcoin Dispute Resolution Paradigm

Exploring how Bitcoin’s non-confiscatable nature will introduce a paradigm shift in dispute resolution and the civil justice system.Conflict is part of human nature. Civilizations are defined by how they resolve disputes. Hamurabi’s code was notorious for its merciless application of “an eye for an eye.” Autocrats from King Solomon to James I meted out rough justice in royal courts, often arbitrarily, and...

Mar 14 2022

Why The Proposed EU Bitcoin Ban Would Have Been A Mistake

Mar 14 2022 Published at Bitcoin Magazine under tags  ban business eu europe law

The proposal, while shot down, is an example of growing misdirection in regulatory stances.In February 2022 the Markets in Crypto Assets (MiCA) legislation proposed a ban of proof-of-work (PoW) currencies within the European Union which would include bitcoin. During the process of me writing this letter the proposal has been scrapped indefinitely due to a strong backlash. I do however believe that...

Mar 01 2022

Why Regulation Can And Should Still Apply To Bitcoin

As Bitcoin becomes increasingly prominent around the world, nations will seek to apply regulations in order to clarify the legal usage of bitcoin.Two weeks ago, Ukraine adopted a new law on virtual assets. It is a fundamental law, and it establishes the principles of how the crypto market will be regulated. The law does not contain any...

Feb 18 2022

Bitcoin And Russia’s Regulatory Drive: Nothing To Cheer On

Feb 18 2022 Published at Bitcoin Magazine under tags  business kyc law marty's bent opinion

While some welcome proposed regulation in Russia, further examination unveils a panopticon framework that challenges the fundamentals of Bitcoin.Russian authorities recently announced that they aim to ban bitcoin (and cryptocurrencies), only to later backtrack with the message that the...

Jan 25 2022

Despite Criticisms, El Salvador Is Not Forcing Its Citizens To Use Bitcoin

Understanding El Salvador’s Bitcoin Law and dispelling FUD around Bitcoin adoption.In November of 2021, El Salvador hosted two Bitcoin conferences and a plethora of international Bitcoiners descended upon the country. Most Bitcoiners seemed bullish on El Salvador, however, some have criticized the roll-out as...

Nov 17 2021

Investigating The Staged Assassinations Of Silk Road

Staged assassinations perpetrated by federal agents were key to the demise of the Silk Road darknet marketplace, a critical Bitcoin use case.This article was originally published on Medium in March 2020.SummaryWe review three enthralling criminal indictments in the United States, which...

Sep 23 2021

Inside El Salvador’s Bitcoin Law Implementation

Sep 23 2021 Published at Bitcoin Magazine under tags  culture el salvador law spaces video

Bitcoiners who were in El Salvador as its Bitcoin law was implemented reflect on the good and the bad of state-sponsored Bitcoin adoption.Watch On YouTubeListen:...

Sep 15 2021

The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States.The following article was previously published by Tax Notes, and has been republished here with permission.An overlooked provision in the Senate-approved infrastructure bill1...

Sep 08 2021

Mario Gomez Lozada On El Salvador’s Bitcoin Law

With El Salvador’s Bitcoin Law poised to take effect, we speak with a prominent Salvadoran entrepreneur about his thoughts on the development.Mario Gomez Lozada, CEO of PowerTrade, is a finance professional and serial entrepreneur with over 20 years of experience in the fixed income and currencies & commodities markets. In 2014, Lozada founded...

Aug 31 2021

Panama Could Benefit From Bitcoin Adoption Like El Salvador

Following in El Salvador’s footsteps, Panama remains poised to become a leading bitcoin adopter.A few brave people in Panama are pushing to move a cryptocurrency bill forward as they work to overcome fear and uncertainty from the majority in Congress and the general population.On June 8, 2021, Satoshi Nakamoto smiled as wide as the horizon that can be seen from the...

Aug 17 2021

Congress Has Kicked The Cyber Hornet's Nest

Aug 17 2021 Published at Bitcoin Magazine under tags  congress culture law politics regulation

It shouldn’t be surprising that a decentralized, open-source monetary network is good at organization.Written August 12, 2021.With the debate over the infrastructure bill, policymakers were caught off guard. Few in Washington anticipated Bitcoiners’ ability to respectfully and relentlessly express our disdain toward unnecessary regulation that is likely to have unintended consequences.The...

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