Search results: law

South Korean cryptocurrency exchanges have delisted an estimated 200 crypto coins this year, according to a lawmaker who also says the country’s financial authorities have not prepared appropriate standards for crypto listings and delistings. Fast facts People Party legislator Kwon Eun-hee made the statement in a proposed bill, asserting that 20 virtual asset exchanges in […]

South Korean financial watchdog says the nation’s crypto laws will apply to foreign exchanges.

Chinese tech giant forecasts a US$17.3 million loss in its BTC investment as more musicians in Asia lean towards NFTs.

A legislator from the ruling Democratic Party of Korea today announced a proposal to defer tax on virtual assets for one year, after which income derived from cryptocurrencies would be treated as financial investment income for tax purposes. Fast facts Noh Woong-rae proposed deferring the levying of tax on income from crypto transactions until January […]

Japan’s plan to launch a digital yen is likely to come into sharper focus in late 2022, a lawmaker overseeing the ruling Liberal Democratic Party’s digital currency strategy has told Reuters.  Fast facts The Bank of Japan launched the first phase of a central bank digital currency experiment in April. It hopes to move to […]

Lawmaker Carlos Rejala tamped down speculation that Paraguay might follow El Savador’s footsteps in making Bitcoin legal tender.

Following El Salvador’s move to become the first country in the world to recognize Bitcoin as legal tender, a Paraguayan congressman has announced plans to do the same in the South American nation next month.

What does it mean to own an NFT, and why are some NFTs vanishing? Alexander Hobbs of Zenotta explains the weaknesses in NFTs’ underlying technology.

In a new court filing, Ripple describes the damage the SEC lawsuit has already done to XRP and the payment company’s now-frozen US business.

Now that Salvadoran President Nayib Bukele’s Bitcoin-as-legal-tender bill is almost reality, what will it mean for BTC investors around the world?

The Ontario Securities Commission is set to take enforcement action against two companies behind the cryptocurrency exchange KuCoin for violating the province’s securities laws.

Ripple’s CEO Brad Garlinghouse says Ripple was hit hard financially after SEC filed its lawsuit, but the company is now expanding uses for XRP’s technology.

Non-fungible tokens may be a boon for art and sports collectibles, but the technology is also spawning a host of thorny regulatory and legal issues.

In a new court filing, SEC tries to keep out 6 representatives of 17,100 XRP holders from joining as 3rd party defendants in the SEC’s lawsuit against Ripple.

In new court filings, the SEC says allowing XRP holders’ to join SEC v. Ripple lawsuit as third-party defendant would cause delays and ‘sow chaos.’

XRP investors and users ask to join SEC’s lawsuit against Ripple as third-party defendant. ‘Without our intervention, we are without a voice in the debate.’

Tailwind of legal wins propel XRP’s market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC’s charges against them.

As Ripple and SEC intensify their legal battles, attorney John Deaton and his clients are trying to jump into the fray. Will XRP investors get their day in court?

XRP prices soar after Ripple and the SEC agree to partially redact some of Ripple’s email exchanges — but not the CEO’s financial information

HashKey Group’s Angelina Kwan, a former regulator who helped write laws relevant to the crypto industry, also explains why Hong Kong leads the world in fintech regulations.

In a new ruling, the judge presiding over SEC v. Ripple Labs opens the door to allowing XRP holders to intervene as a third party in the government’s lawsuit.

SEC tells court that allowing XRP holders to join as third parties would create an ‘avalanche’ of claims and ‘undue delay, complexity and confusion.’

Other top blockchain and crypto news: Japan’s SBI Crypto opens mining pool to public. In China, more companies turn to crypto to boost bottom line.

OKEx will soon follow Binance in leaving South Korea’s cryptocurrency exchange market. Is this what FATF and Korean regulators intended?

XRP holders’ motion to join as third-party defendant was denied without prejudice as Ripple tries to bolster its ‘fair notice’ defense against SEC.

In new legal filings, XRP holders blame SEC for causing ‘multi-billions in losses’ and say they intend to file a class-action lawsuit against the agency.

In its latest court filing, Ripple also says SEC led market to believe that XRP was not an investment contract. Outside court, Ripple pursues the CBDC business.

Other top blockchain and crypto news: Bill Gates on bitcoin. Nvidia protects gamers from crypto miners with separate CMP and GeForce RTX graphics cards.

Ripple and SEC face off in a pretrial conference as MoneyGram, the world’s second largest money transfer provider, suspends trading on Ripple’s platform.

Securities and Exchange Commission’s acting enforcement chief Marc Berger helped lead high-profile lawsuits against crypto firms, including Ripple and Telegram.

Are American lawmakers going after Facebook’s Libra, now called Diem? Controversial Tether may be the real target of new stablecoin-restraining bill.

Hong Kong SFC lays out plan to regulate cryptocurrency exchanges to allow only institutional money. But retail users likely won’t be deterred.

Other top crypto and blockchain news: USDC stablecoin coming to Solana blockchain. Investing in KYC/AML in India.

As nations and private firms venture farther into the galaxy, blockchain and distributed ledger technology could help enforce rules and resolve conflicts.

Will India ban crypto? Regulatory uncertainty is causing nation to miss out on economic benefits. Smart regulations, says Ripple, may provide a way forward.

The financial watchdog’s ruling would prevent cash from being loaned out for bitcoin and other cryptocurrency. Forkast.News analyzes its likely impact on the sector.

In this newsletter and podcast, we bring you top headlines around the world, including: A new proposal to create a digital dollar. Coinbase’s legal chief heading U.S. Treasury. A Bitcoin-Red Cross coronavirus fundraiser in Italy. Universal basic income’s revival. Steem’s hard fork into Hive, and more.

If I buy a token in an asset-based security token offering, will I own a piece of the property? Am I tokenizing the asset? No. Let’s take real estate as an example. Tokenising the underlying real estate would require tokenization of the Land Registry. This is not what happens. You will most likely own an […]

Cryptocurrency figure Roger Ver faces extradition to the U.S. on tax evasion and fraud charges.

Hong Kong’s first spot Bitcoin ETFs rise on first trading day as Ether ETFs drop.

Consensys lawsuit unveils SEC’s internal suspicion of Ethereum as a security, challenging prior CFTC commodity designation.

Samourai Wallet creators face money laundering and illegal business operation charges.

Changpeng Zhao, the former CEO of Binance, may receive a 3-year sentence and $50M fine for anti-money laundering violations.

Ripple challenges SEC’s penalty, arguing for a reduced $10 million fine in a legal dispute.

Tether diversifies into data, finance, power, and education sectors, aiming for innovation and empowerment.

Disgraced FTX founder Sam Bankman-Fried challenges his prison term and seeks New York confinement during the appeal.

The SEC seeks a $US2 billion penalty from Ripple Labs in a landmark case.

The DeFi Education Fund and Beba challenge the SEC to clarify the status of their $BEBA token as non-security.

Craig Wright is not Bitcoin’s creator, Satoshi Nakamoto, accourding to the High Court’s ruling.

Bankrupt Terraform Labs secures court approval to hire Dentons for legal representation, despite SEC objections.

Tether’s USDT stablecoin reaches a market capitalization milestone.

FTX warns public about unauthorized parties soliciting bids for its digital assets, reaffirming Galaxy Asset Management’s exclusive role.

The financial watchdog contends the payment may be intended to avoid future judgments and should instead aid investors and creditors.

Gemini exchange reaches a settlement to return funds to users affected by the Genesis bankruptcy.

The UK Law Commission proposes a new legal framework to recognize cryptocurrencies as property, aiming to provide clarity and protection for digital assets.

Social media platform Reddit has diversified its assets by investing in cryptocurrencies Bitcoin and Ethereum, as revealed in its IPO filing.

Crypto group and digital asset firm challenge SEC’s authority in Texas lawsuit.

Bullish, the cryptocurrency exchange, announces Sara Stratoberdha as CoinDesk’s new leader, emphasizing the platform’s commitment to unbiased and independent journalism under new ownership.

Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.

Ryder Ripps and Jeremy Cahen must pay almost US$7 million in Yuga Labs’ attorneys’ fees, court documents show.

Ripple’s Chris Larsen loses $112M in XRP to hackers in a recent security breach.

Allied nations impose sanctions on entities allegedly aiding Hamas’ crypto transactions.

A UN report reveals USDT’s growing role in money laundering and underground banking in Southeast Asia

Three SFC-authorized crypto ETFs will be available on UBS’ Hong Kong platform.

BlackRock’s Ether ETF filing comes as the U.S. SEC entered an eight-day window to potentially approve pending Bitcoin ETF applications.

Ether rose to an over six-month high of US$2,045.

FTT rose over 65% despite FTX founder Sam Bankman-Fried’s guilty verdict last week.

Top blockchain and crypto news: Hong Kong mulls Bitcoin ETFs, Ordinals flip Ethereum NFTs, IPO comes full circle.

Binance said it aims to onboard the next billion Web3 users with its new wallet.

SOL rose over 319% in 2023 so far, despite concerns around FTX’s lawsuit.

The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement.

Top blockchain and crypto news: Bankman-Fried’s memory lapses, betting on the return of NFTs, ETF dreams and Bitcoin’s Uptober