Search Results for: Law

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Binance, the leading players in the cryptocurrency trading industry, has been hit with a class-action lawsuit in Canada. The Ontario Superior Court of Justice has given the green light to the lawsuit, which alleges that Binance violated securities laws by selling crypto derivative products to retail investors without proper registration [1]. The plaintiffs, represented by … Continue reading Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Bitfinex and Tether Face Market Manipulation Class Action Lawsuit

Roche Freedman, New York-based legal firm, filed a class-action lawsuit on behalf of those who own cryptocurrency against Bitfinex and Tether and others for crypto market manipulation and creating the largest bubble in history.   In the class-action suit, the New York-based legal firm alleged that Bitfinex and Tether had been involved in manipulating markets and concealing illicit proceeds, as stated in … Continue reading Bitfinex and Tether Face Market Manipulation Class Action Lawsuit

FinCEN Director Warns Crypto Firms Are Not Above Anti-Money Laundering Laws

Speaking at the University of Georgetown, Kenneth Blanco, FinCEN (The United States Financial Crimes Enforcement Network) Director, blasted crypto firms by warning them that they are not exempted from the anti-money laundering laws. This was first reported by AmericanBanker on 21 October 2019. According to the news, Blanco is adamant that fintech firms that offer … Continue reading FinCEN Director Warns Crypto Firms Are Not Above Anti-Money Laundering Laws

Ten Malaysians Arrested for Unlawful Bitcoin Investment Event

Ten Malaysians have been arrested in Chiang Mai, Thailand, and charged with illegally running a business that encourages Chinese nationals to invest in Bitcoin without a valid license.  According to the Bangkok Post, Pol Lt Gen Sompong Chingduang, the Commissioner of the Immigration Bureau, the unnamed Malaysian nationals were detained after they hosted a Bitcoin … Continue reading Ten Malaysians Arrested for Unlawful Bitcoin Investment Event

China’s Cryptography Law Piques Local Interest and Stirs Global Market Reaction

On Saturday, Oct 26th, China’s top legislature voted to pass a national cryptography law that will come into effect on January 1st, 2020. The vote was passed just one day after Chinese President Xi Jinping stressed the necessity for China to leverage blockchain technology.  According to an announcement from the National People’s Congress (NPC) Constitution … Continue reading China’s Cryptography Law Piques Local Interest and Stirs Global Market Reaction

Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance

After some three years of work, Liechtenstein has introduced what some have described as the world’s first blockchain business law (the Lichtenstein Token and Trusted Technologies Law’) which will go into effect in January 2020.  Liechtenstein’s legislation is focused on creating both the legal certainty and framework necessary to conduct blockchain business and the country … Continue reading Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance

Malta-Based Lawyer Joseph Borg Says Blockchain is the Future of Gaming

The gaming sector appears to be mainly interested in the use of blockchain. This sector continues winning the love of 2.2 billion players globally, and it can obtain a new life with the application of blockchain. Blockchain has begun to transform the way consumers interact with games. It has introduced an emerging gaming trend: blockchain … Continue reading Malta-Based Lawyer Joseph Borg Says Blockchain is the Future of Gaming

Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

According to a report, Ukrzaliznytsia has uncovered a hidden cryptocurrency mining farm in the Lviv railway subdivision, which has been making use of the country’s electricity without paying for it. This secret mining company was discovered by Ukrzaliznytsia’s security department, in conjunction with law enforcement officials. Oleg Nazaruk, Director of the Department of Economic and … Continue reading Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

A Dragonfly Researcher Breaks Mimblewimble’s Privacy, Proving That The Model Is Flawed

It is quite a pity that the esteemed privacy of Grin has been tampered with by a Dragonfly researcher who was able to unearth the real addresses of senders and receivers of up to 96% of transactions carried out in Grin’s blockchain. The researcher shared this on a Medium post on Nov.18. The researcher claimed … Continue reading A Dragonfly Researcher Breaks Mimblewimble’s Privacy, Proving That The Model Is Flawed

China Gears Up for its Digital Currency and Implements New Crypto Law

As a part of its plans for releasing its central bank digital currency (CBDC) soon, China has implemented a law to govern cryptographic password management.   According to China Money Network, the new “Password Law” has been implemented on Jan. 1, aiming to foster blockchain technology and provide legal grounds for the issue of digital Renminbi … Continue reading China Gears Up for its Digital Currency and Implements New Crypto Law

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