As the cryptocurrency landscape continues to evolve, legal scrutiny around the operations of exchanges intensifies. In a significant development, Tigran Gambaryan, a US-based executive of the global cryptocurrency exchange Binance, along with Nadeem Anjarwalla, has been charged with tax evasion in Nigeria. This case comes amid allegations of naira manipulation, putting the spotlight on the … Continue reading Binance Executives Face Tax Evasion Charges in Nigeria Amid Naira Manipulation Allegations
A jury in the US District Court for the Southern District of New York has found Terraform Labs and its co-founder Do Kwon liable for defrauding investors. The verdict was handed down after deliberations that declared the company had engaged in the unlawful offering and selling of crypto asset securities, bypassing the regulatory framework established … Continue reading Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury
In a recent speech at the opening ceremony of the “2024 Hong Kong Web3 Carnival,” Deputy Secretary of the Financial Services and the Treasury Bureau, Edmond Huang, highlighted the government’s efforts in modifying relevant laws to bring over-the-counter (OTC) trading of virtual assets under formal regulatory oversight. The government also plans to allow intermediary institutions … Continue reading Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development
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