LEGAL
Policy and Legal
Since the emergence of Bitcoin, policies and laws around cryptocurrencies has been controversial. Some countries have started to embrace digital currencies, while others have decided to ban digital assets altogether. Lawmakers and policymakers are beginning to evaluate the benefits of cryptocurrencies, while also raising concerns.
Since the emergence of Bitcoin, policies and laws around cryptocurrencies has been controversial. Some countries have started to embrace digital currencies, while others have decided to ban digital assets altogether. Lawmakers and policymakers are beginning to evaluate the benefits of cryptocurrencies, while also raising concerns.
Israeli Securities Regulator Seeks Crypto Legal Framework
ISA proposes digital asset regulation. Over 150 firms operate in Israel, and more investors are exposed to digital assets. Over the years, the authority has formed many committees to control cryptocurrency supply and encourage digital markets. It also requires digital asset issuers to publish a prospectus-like document before issuance or trade. After Israel's top economist urged for a more comprehensive regulatory framework to align trading platforms and crypto issuers.
Australian regulator sues Finder.com for crypto yield offering
Australia's financial services authority is suing Finder.com for selling a bitcoin yield-bearing instrument without a license. Finder disputes ASIC's accusation that a registered exchange product was unlicensed, but it hasn't said whether it would contest the complaint. After Block Earner last November, it's the regulator's second domestic crypto income product supplier. ASIC sued Finder.com for selling three crypto-backed fixed-yield products without an AFS license. The regulator's third action against crypto financial products and businesses in three months. When asked whether it will fight the action, Finder declined to respond.
Celsius Network Charged Over $3M in Legal Fees
Beleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing.
Tornado Cash's Alex Pertsev to Remain in Custody as Appeal Was Rejected
Legal authorities in the Netherlands have rejected the appeal to release Alexei Pertsev, the chief developer of the Tornado Cash protocol was arrested and remanded by Dutch Authorities shortly after the United States Treasury Department sanctioned the protocol
Former OpenSea Staff Asks Court to Withdraw Insider Trading Charges
Following the indictment of Nathaniel Chastain, a former Head of Product at the NFT marketplace OpenSea, a new petition has now been filed by his lawyers, requesting the court to dismiss the case as it lacks merit.
Binance.US To Delist AMP following SEC’s Claim Token as Security
Binance.US has announced that it will delist AMP following last week’s news that the SEC mentioned the token as a security.
Coinbase Facing SEC Probe over Crypto Listing: Sources
Coinbase is reportedly facing a probe from the US SEC into whether it improperly let Americans trade digital assets that should have been registered as securities.
Heather Morgan of Bitfinex Crypto Heist Cleared to Seek Proper Employment
American rapper and entrepreneur Heather Morgan, the defendant in the crypto fraud case of Bitfinex 2016, has been permitted by a judge to seek proper employment.
Andorra to Ratify Digital Assets Adoption with Crypto Law
Andorra, or 'the Principality of Andorra', is contemplating regulations of digital assets and other blockchain technologies. Its parliament is debating on relative amendments before turning them into a draft.
Ripple's CEO Discloses to Spend over $100m Fighting Legal Battle with SEC
Brad Garlinghouse, Ripple's CEO, has disclosed that the company will need to spend over $100 million on lawsuits with the US Securities and Exchange Commission (SEC) for regulation issues.