Tag: legal

Jul 30 2021

Malaysian regulators order Binance to disable operations within 14 days

Jul 30 2021 Published at CryptoSlate under tags  legal regulation

The Securities Commission Malaysia (SC), the country’s topmost watchdog for financial services and securities, ordered crypto exchange Binance to shut up shop within two weeks and cease all offerings to Malaysian...

Jul 28 2021

Tether (USDT) slams Bloomberg over criminal probe accusations

Jul 28 2021 Published at CryptoSlate under tags  legal regulation stablecoins usdt

The recent report about Tether (USDT) facing a criminal probe in the US, published by...

Jul 27 2021

Congressman Tom Emmer quashes talk that ‘Fed Coin’ would spy on citizens

Jul 27 2021 Published at CryptoSlate under tags  legal stablecoins technology

Speaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency. Saying the crypto movement is too strong to be crushed, even by the Federal Reserve. In recent times, authorities have ramped up talk of introducing central bank digital...

Jul 26 2021

Tether (USDT) faces criminal probe in the US, report says

Jul 26 2021 Published at CryptoSlate under tags  btc eth legal regulation stablecoins

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The...

Early crypto exchange boss says China remains 50/50 on outright Bitcoin ban

Jul 26 2021 Published at CryptoSlate under tags  btcusd exchanges legal regulation

The co-founder and former CEO of crypto exchange BTCC, Bobby Lee, said Beijing could move to ban Bitcoin entirely. Recent FUD activity, coming from China, was a factor in BTC's unceremonious dump several...

Jul 24 2021

Coinbase hit by securities class action following $86 bn NASDAQ listing

Jul 24 2021 Published at CryptoSlate under tags  doge exchanges legal

Coinbase Inc., together with certain Coinbase directors and officers as well as venture capital firms that benefited from the company’s April 2021 direct offering,...

Ripple transfers 60 million XRP even as US SEC lawsuit crawls on

Jul 24 2021 Published at CryptoSlate under tags  legal regulation xrp

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP)...

Jul 21 2021

In throwback to Coinbase boss warning, the EU now looking to ban anonymous crypto wallets

Jul 21 2021 Published at CryptoSlate under tags  legal regulation wallets

The EU is looking at stricter crypto controls under the guise of preventing money laundering and terrorist financing. Last year, Coinbase CEO Brian Armstrong raised concerns over rumors the U.S Treasury was moving to ban "anonymous non-custodial wallets." This...

SEC lays the smackdown on alleged $12 million crypto scam ‘Profit Connect’

Jul 21 2021 Published at CryptoSlate under tags  crime legal regulation

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc. Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company's assets in a bid to stop Profit Connect from operating. The SEC's reputation has taken a hit following its...

Jul 20 2021

SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP

Jul 20 2021 Published at CryptoSlate under tags  btc eth legal regulation xrp

Last week, US Magistrate Judge Sarah Netburn ruled that the former head of the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance William Hinman will testify under oath. The deposition was scheduled for July 19, but given the privilege issues involved, a delay was allowed by the court so that the agency and...

Crypto bank BlockFi faces regulatory block in New Jersey

Jul 20 2021 Published at CryptoSlate under tags  btcusd investments legal regulation

The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction. No BlockFi in New Jersey...

Jul 19 2021

Over 1,000 Bitcoin miners crushed by police in warning to electricity thieves

Jul 19 2021 Published at CryptoSlate under tags  btcusd legal mining regulation

Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity. Recently, U.K police followed up a rewiring tip-off, expecting to bust a...

Jul 17 2021

After UK and Cayman Islands, Binance now faces regulatory concerns in Italy

Jul 17 2021 Published at CryptoSlate under tags  legal regulation

Regulatory pressure surrounding Binance keeps increasing as Italy joins the club of jurisdictions that issued notices referring to the biggest crypto exchange by trading volume. Italian government authority, responsible for regulating the country’s securities market, Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that states...

Jul 16 2021

Ripple (XRP) scores as judge orders former SEC Director to testify

Jul 16 2021 Published at CryptoSlate under tags  legal regulation xrpusd

In the ongoing SEC vs. Ripple case, Judge Netburn has ruled that former SEC Director William Hinman will testify under oath. Having filed charges against Ripple in late December 2020, the case has evolved into a complex beast tackling numerous motions. This latest motion relates to the SEC's attempt to...

Here are the details of Paraguay’s “Bitcoin Law” proposal

Jul 16 2021 Published at CryptoSlate under tags  adoption btc legal regulation

Congressman Carlos Rejala and Senator Fernando Silva Facetti presented their final version of the long announced and anticipated crypto regulation initiative before the National Congress of Paraguay. In line with the national legislator's earlier...

Jul 13 2021

Can a DAO Go to Court? According to Two DAO Legal Experts… Probably

Jul 13 2021 Published at Unchained Podcast under tags  2021 bitcoin curve dao ethereum

Aaron Wright, co-founder of OpenLaw and Professor at Cardozo Law, and Ross Campbell, SushiSwap core developer and LexDAO contributor, discuss the latest breakthroughs and legal implications in the burgeoning world of DAOs. Show highlights: how Aaron and Ross fell down the crypto rabbit hole...

Jul 12 2021

Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit

Jul 12 2021 Published at CryptoSlate under tags  altcoins legal regulation xrpusd

Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the U.S. Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to...

Jul 09 2021

UK watchdog shifts Bitcoin ads regulation to ‘red alert’ priority

Jul 09 2021 Published at CryptoSlate under tags  adoption btcusd legal regulation

Britain’s marketing regulator Advertising Standards Authority (ASA) has announced that it plans to increase its efforts in curbing irresponsible or misleading cryptocurrency ads, Financial Times reported today. “We see this...

Jul 08 2021

33 face heat in Korea over alleged $1.48 billion in crypto transfers

Jul 08 2021 Published at CryptoSlate under tags  btcusd crime legal trading

Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today....

Jul 03 2021

Bitcoin.org blocks users from downloading Bitcoin Core amidst legal case

Jul 03 2021 Published at CryptoSlate under tags  btc legal

An anonymous Bitcoin (BTC) developer, who goes by the pseudonym Cøbra has blocked access to the Bitcoin white paper and suspended downloading of the Bitcoin Core software for UK users on Bitcoin.org, “an informational site dedicated to help educate and facilitate the understanding of Bitcoin.”...

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