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UK Law Commission affirms English and Welsh laws apply to smart contracts
25.11.2021
“The Law Commission’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in the context of smart legal contracts,” said the announcement
Jailed Onecoin Mastermind Accused of Using Contraband Mobile Phone to Move $20 Million
25.11.2021
Karl Sebastian Greenwood, one of the masterminds behind the Onecoin pyramid scheme, recently used a contraband mobile phone to move at least $20 million while holed up in a prison in the United States, an attorney for one of the scheme’s victims has said. Onecoin Mastermind Taking Advantage...
European Council approves two digital asset proposals
25.11.2021
A framework for digital assets in Europe is moving ahead in the labyrinth of the European Union
Finnish regulators tighten the screw on virtual currency marketing
25.11.2021
The Finnish Financial Supervisory Authority published stricter rulings regarding crypto marketing
Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets
24.11.2021
The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims...
Powers On… Why aren’t more law schools teaching blockchain, DeFi and NFTs?
24.11.2021
Report: North Korean Man Sentenced To Death For Smuggling Copies Of Squid Game
24.11.2021
Last week, Radio Free Asia reported that copies of Squid Game had been smuggled into North Korea on USB drives and SD cards. Now, according to RFA, a man who is said to have smuggled in the show has been sentenced to death by a firing squad. Read more
South Korean Draft Law Calls for Life Sentences for Crypto Market Manipulators
24.11.2021
The South Korean government has unveiled a new draft crypto law that includes strict punishment for token market manipulation-related offenses – proposing massive fines and hefty jail sentences for offenders....
Read More: South Korean Draft Law Calls for Life Sentences for Crypto Market...
PlayStation Faces Gender Discrimination Lawsuit From Former Staffer
23.11.2021
Sony is facing a suit alleging pay disparity, wrongful termination, and other instances of gender-based discrimination. As Axios reports, a former IT staffer filed suit in California district court yesterday.Read more
Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law
23.11.2021
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice...
You shall not pass: Tolkien estate blocks ‘The Lord of the Rings’ JRR Token
23.11.2021
The time of the JRR Token has come, but it wasn’t able to defeat the Tolkien Estate in a ruling that has forced the project to shut down and cease trading
Law Decoded: Constitutions of the future will be ratified by DAOs, Nov. 15–22
22.11.2021
An online initiative to secure a rare copy of the U.S. Constitution shows the power of Web 3.0 collective action
Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft
21.11.2021
A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested...
10 Congress Members Ask Nancy Pelosi to Help Revise Crypto Provision in Infrastructure Bill
20.11.2021
Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure bill. They explained that the current definition of a broker in the bill “would increase uncertainty in the cryptocurrency...
Bitcoin bulls in City Hall: Meet America’s crypto mayors
20.11.2021
A wave of political goodwill and support for Bitcoin is building up. Is this just hype, or will there be long-lasting support for crypto?
Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation
19.11.2021
A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional...
India Considers Allowing Only Preapproved Cryptocurrencies — Crypto Regulation Expected by Year-End: Report
19.11.2021
India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce and pass a cryptocurrency law by year-end. Indian Crypto Regulation and Preapproved Cryptocurrencies India is considering allowing only...
US lawmakers introduce bill to 'fix' crypto reporting requirement from infrastructure law
18.11.2021
The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker
Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law
18.11.2021
The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions of several other laws although various aspects of cryptocurrencies remain...
Modders Fight GTA Lawsuit As ‘Definitive’ Bundle Crashes And Burns
17.11.2021
Attorneys representing the four defendants in Take-Two Interactive Software’s copyright infringement lawsuit against a group of Grand Theft Auto modders recently responded to the video game conglomerate’s complaint, flatly denying several allegations of wrongdoing. They also argue that their...