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‘Eccentric’ Crypto Laundering Mastermind Dreamed of Being Anointed a Buddhist Goddess
28.3.2024
Zhimin Qian, the alleged mastermind behind the cryptocurrency laundering, dreamed of being anointed as a Buddhist goddess by the Dalai Lama. Qian also had plans to build a Buddhist temple, an airport, and a port in Danube, a fictitious micronation situated between Serbia and Croatia. Zhimin...
Hague Legal Body Launches Digital Asset Tokenization Project to Tackle Cross-Border Challenges
28.3.2024
The Hague Conference on Private International Law has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets.
The post Hague Legal Body Launches Digital Asset Tokenization Project to Tackle Cross-Border Challenges...
U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding
26.3.2024
A hawala operator who worked with agents from Hezbollah on cryptocurrency funding infrastructure has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday. Tawfiq Muhammad Said Al-Law is accused of providing digital wallets to...
Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets
25.3.2024
Industry expert Patrick Hansen clarified that the EU’s recent anti-money laundering (AML) law does not specifically target banning anonymous crypto accounts.
The post Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets appeared first on Cryptonews
SEC Chair Gensler Calls for More Regulatory Sunlight in Cryptocurrency Sector at Law Conference
22.3.2024
At a recent gathering at the Columbia Law School Conference, Gary Gensler, the chair of the U.S. Securities and Exchange Commission, addressed the assembly on the topic of the digital currency landscape. His discourse highlighted the “benefits of mandatory disclosure,” with Gensler...
Unabomber Prosecutor to Conduct FTX Probe Into Law Firm Sullivan and Cromwell’s “Conflicts of Interest”
22.3.2024
Unabomber prosecutor Robert J. Cleary has been approved by a U.S. bankruptcy judge to probe law firm Sullivan and Cromwell’s potential conflicts of interests in relation to FTX. Cleary's appointment marks a significant shift into the collapse of FTX following over a year of calls for an appointment...
US Law Enforcement Arrests Mastermind of $1.2 Million MEV Rug Pull Scam
21.3.2024
The U.S. law enforcement authorities have arrested Robert Robb, a MEV bot engineer known as “pokerbrat” for allegedly masterminding a $1.2 million crypto rug pull scam. Robb was detained on March 20, according to a screenshot from the Detention Center Inmate information of the Henderson...
Russian Government to Create Crypto Confiscation Platform
19.3.2024
The Russian government is planning to build a platform that will allow the nation’s law enforcement agencies to seize and hold crypto they confiscate from criminals.
The post Russian Government to Create Crypto Confiscation Platform appeared first on Cryptonews
Taiwan Acknowledges Binance for Cooperating With Domestic Law Agencies
18.3.2024
The government of Taiwan has acknowledged the cooperation Binance has offered to domestic law enforcement agencies. According to local reports, Binance is the only offshore exchange that assists the government in dealing with virtual asset fraud cases, allowing authorities to access the accounts...
Dubai International Financial Centre Enacts Digital Assets Law
18.3.2024
The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages...
Craig Wright Was Finally Called Out in Court and Hodlonaut Is Celebrating
14.3.2024
“It hasn't always been easy, but I'm very happy that I stood my ground,” says Hodlonaut of his long legal fight with Craig Wright, who claimed, falsely, to be Satoshi Nakamoto
New York Judge Determines SEC’s Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations
14.3.2024
A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey...
Bitcoin Price Growth Could Continue, Says South Korean Analyst
14.3.2024
Bitcoin price growth could continue, a South Korean crypto analyst has predicted, as “crypto fever” slowly takes hold in the nation.
The post Bitcoin Price Growth Could Continue, Says South Korean Analyst appeared first on Cryptonews
Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters
13.3.2024
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024
Current Copyright Laws Sufficient for NFTs, No Need for New Legislation: US Govt Study
13.3.2024
A recent US government study found that existing intellectual property laws are sufficient to handle infringement related to NFTs. Consequently, there is no requirement for new legislation to tackle this issue, it says.
The post Current Copyright Laws Sufficient for NFTs, No Need for...
Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law
13.3.2024
Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11.
The post Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law appeared first on Cryptonews
South Korean Law Firm Chief Jailed for Stealing Customer Money to Invest in Crypto
12.3.2024
A South Korean law firm operator was jailed in Busan on March 11 after they were found guilty of stealing clients’ money to spend on crypto investments.
The post South Korean Law Firm Chief Jailed for Stealing Customer Money to Invest in Crypto appeared first on Cryptonews
Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking
11.3.2024
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit
US Court of Appeals Reverses Lower Court’s Ruling in Favor of Binance
11.3.2024
The United States Court of Appeals has reversed a lower court’s ruling dismissing U.S.-based users’ damages claim against Binance. Aggrieved users will once again attempt to prove that their claims do not constitute an “impermissible extraterritorial application” of U.S....
Dragon’s Dogma 2’s New Class Is A Twirling Death Machine
9.3.2024
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