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Crypto’s Responsibility to Law Enforcement in 2023 and Beyond
20.12.2022
After a series of high profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money
Crypto’s Responsibility to Law Enforcement in 2023 and Beyond
20.12.2022
After a series of high profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money
Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto
20.12.2022
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central...
South Korean court freezes $92M in assets related to Terra tokens
20.12.2022
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra
Sam Bankman-Fried agrees to US extradition 'to put the customers right': Report
19.12.2022
The former FTX CEO attended an emergency hearing of the Bahamas Magistrate Court just hours earlier, returning to prison following the event
Next House committee chair reintroduces bill on crypto innovation
19.12.2022
Under the proposed bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory path forward
Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.
19.12.2022
The entrepreneur reportedly reconsidered his earlier decision to contest extradition and now would be able to appear in a United States court
Sam Bankman-Fried wants to see indictment before extradition to US: Report
19.12.2022
Authorities in the Bahamas have had the former FTX CEO in custody since Dec. 12, shortly before he was denied bail
New FTX CEO Told Members of Congress SBF’s Family ‘Certainly Received Payments’ From the Business
19.12.2022
According to multiple reports, FTX co-founder Sam Bankman-Fried’s parents face scrutiny over their reported involvement with their son’s business operations. The two Stanford professors Joseph Bankman and Barbara Fried have not been charged with any wrongdoing, but the current FTX CEO, John J....
US Financial Stability Oversight Council urges congressional action on crypto
16.12.2022
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”
2023: The Year DAOs Follow the Law?
16.12.2022
Decentralized autonomous organizations should make the necessary handshake with the existing legal system in order to mature and integrate with the rest of the global economy
FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations
16.12.2022
According to lawyers representing FTX's provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”
Dutch central bank says KuCoin is not licensed and 'illegally offering services'
15.12.2022
"This may increase the risk of customers becoming involved in money laundering or terrorist financing," said De Nederlandsche Bank
SBF's legal battle still has "a lot to play out," according to legal commentators
15.12.2022
Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years
US Trustee names Wintermute on creditor committee in FTX bankruptcy case
15.12.2022
The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people
SBF’s Bahamian prison reported for 'harsh' conditions and 'degrading treatment' — US State Dept
14.12.2022
Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."
Senate FTX hearing: calls for regulation and crypto criticisms aplenty
14.12.2022
"Short of enacting draconian authoritarian policies, cryptocurrency cannot be stopped," said Senator Pat T
Sens. Warren and Marshall introduce new money-laundering legislation for crypto
14.12.2022
The senators have created a harsh, sweeping bill to clean up crypto’s AML/KYC act that will benefit from further discussion in the next Congress
Will FTX’s ill wind reach the Global South? Maybe not
14.12.2022
In Latin America, "crypto is functional, it has a real utility." It can hedge inflation, provide access to dollars and internationalize wealth
Russia Cracking Down on Crypto Miners Minting in Residential Areas
14.12.2022
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto...