26 / 26 Relevant items tagged with #Law

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Regulators face public ire after FTX collapse, experts call for coordination

[Dec 4, 2022 8:34 AM] U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility.

South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates

[Dec 2, 2022 3:30 PM] Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform.

3AC bankruptcy process faces challenges amid unknown whereabouts of founders

[Dec 2, 2022 1:30 PM] The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce.

Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks

[Nov 30, 2022 3:15 PM] The Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital assets from banking.

New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective

[Nov 27, 2022 11:00 PM] Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital…

Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar

[Nov 26, 2022 9:01 AM] The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23.

SEC chair's crypto oversight strategy in question as ecosystems collapse

[Nov 26, 2022 1:30 AM] Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem.

FTX’s collapse could change crypto industry governance standards for good

[Nov 25, 2022 8:01 AM] Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray.

Russia Prepares to Create Government-Controlled Crypto Exchange

[Nov 24, 2022 8:30 AM] Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in…

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

[Nov 23, 2022 8:00 AM] A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a…

El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

[Nov 22, 2022 9:32 PM] 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 Brevé submitted a digital assets issuance bill to…

‘Substantial amount’ of FTX’s assets stolen or missing — Bankruptcy counsel

[Nov 22, 2022 12:00 PM] “We’re not just talking about crypto assets, or cash assets, or physical assets — we’re also talking about information, and information here is an asset,” said James Bromley.

Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

[Nov 22, 2022 7:30 AM] A Dutch court hearing ruled that the Tornado Cash developer would be held for another three months as the investigation continues.

Election tally: Does blockchain beat the ballot box?

[Nov 21, 2022 8:01 AM] With election integrity under assault in the United States and elsewhere, is blockchain technology part of the solution? Greenland explores voting options.

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

[Nov 21, 2022 12:30 AM] A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the…

Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

[Nov 19, 2022 5:00 AM] Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted…

SBF's lawyers terminate FTX representation due to conflicts of interest

[Nov 19, 2022 2:40 AM] Attorney Martin Flumenbaum believed that Sam Bankman-Fried's "incessant and disruptive tweeting" negatively impacted the reorganization efforts of the lawyers.

Could Hong Kong really become China’s proxy in crypto?

[Nov 17, 2022 9:13 AM] With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch.

South Korean prosecutors call on Terra co-founder Shin Hyun-seong to cooperate: Report

[Nov 14, 2022 2:50 PM] Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.

Manhattan District Attorney’s Office probes FTX collapse: Report

[Nov 14, 2022 12:15 PM] A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.

CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report

[Nov 11, 2022 11:00 AM] FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States.

Indonesia to Change Crypto Regulators as Part of Plan for Stricter Oversight

[Nov 11, 2022 4:30 AM] The government of Indonesia wants to assign crypto supervision to the Asian nation’s financial watchdog in order to ensure better protection for investors. The move is part of a planned overhaul of regulations in the sector aimed at increasing…

US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

[Nov 10, 2022 11:16 AM] “FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.

In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

[Nov 9, 2022 10:45 AM] “People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.