KPMG Canada’s director and co-leader of crypto assets and blockchain, Kunal Bhasin, has said in a recent interview with Kitco that he believes that the Howey Test might not be the right rule with whic...
Tag: Law
Law enforcement should give up trying to access everyone’s data, says legal expert
While some think the Tornado Cash ban may negatively impact other projects focusing on privacy, others believe that these projects will keep pushing forward and keeping their commitments to anti-censo...
How to buy an ESG fund now that Inflation Reduction Act is law
Simonskafar | E+ | Getty Images ESG funds have become more popular Steve Cicero | Photographer’s Choice | Getty Images Funds that allocate investor money according to ESG issues held $357 billio...
Do Kwon Hires Law Firm in South Korea Anticipating Legal Battle: Report
The former CEO of Terraform Labs is reportedly hiring a lawyer in preparation for a possible legal battle over the high-profile multibillion-dollar collapse of the Terra ecosystem in May. According to...
SEC files suit against Dragonchain over $16.5 million ICO
The Securities and Exchange Commission has hit yet another 2017 initial coin offering with legal action. On August 16, the SEC filed a complaint against several business entities surrounding Dragoncha...
Terra’s Do Kwon reportedly seeks assistance from Korean law firm as investigation heats up
Days after appearing in public following the demise of his company that has sent ripples across the cryptocurrency sector, the CEO of Terraform Labs Do Kwon has reportedly lawyered up in preparation f...
Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate
After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and climate bill into law — albeit a significantly reduced ...
The Law Comes to ETH, Where Boundaries? – Trustnodes
It’s summer, with those that matter relaxing on sunny rivieras to escape any burnout. So what better time to depose Boris Johnson, or indeed to sanction an ethereum smart contract. No one is paying at...
Tornado Cash developer arrest sparks fears of global crypto enforcement
The crypto industry has been reeling since the US Treasury blacklisted decentralized crypto mixer Tornado Cash on Monday. Despite Treasury sanctions formally being limited to US persons and entities d...
Crypto Evangelist Mark Cuban Is in Trouble
Mark Cuban should have expected it. Since crypto lender Voyager Digital filed for Chapter 11 bankruptcy, criticism of the billionaire and owner of the NBA Dallas Mavericks team has been raining down ...
CHIPS And Science Act Is Now Law. That Doesn’t Mean Policymakers’ Work Is Done.
The legislative graveyard is filled with examples of bills that Congress failed to fully fund. WASHINGTON, DC – AUGUST 9: U.S. President Joe Biden coughs while speaking before signing the CHIPS ...
NFT Collections To Be Regulated Like Crypto Under The MiCA Law
During the Korea Blockchain Week, an official talked about the regulation of NFTs. According to the official, the European Union would regulate NFT collections similarly to cryptocurrencies under the ...
Hotbit Stopped its Services After Fund Freezed By Law Enforcement
The leading crypto exchange platform, Hotbit, stopped its services of trading, deposits, withdrawals, and funding. Law enforcement freezed some funds of Hotbit and also subpoenaed some of its senior m...
Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam – Bitcoin News
According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum...
Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers – Exchanges Bitcoin News
Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some s...
Billionaire Mark Cuban Takes Surprise Stance on Controversial New Tax
No subject is more controversial in economic circles right now than taxes. Tensions heighten even more when the specific subject is a new tax aimed at businesses. Simply put, the business community ha...
Semiconductor Companies Love Biden’s CHIPS Law. But Will Taxpayer Money End Up In China?
An Intel R&D lab in Chengdu, China. Intel has billions invested in China. The CHIPS Act should help … [+] the company invest in the U.S. But will the science component compel them to use tax...
NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says
EU national governments felt that including NFTs in MiCA would be an unjustified extension of a bill originally designed to protect investors in stablecoins and initial coin offerings. But lawmakers f...
AI Ethics Mulling Over The Merits Of Legally Mandating Atonement Funds To Ensure Accountability For AI Acting Badly
AI Ethics is reviewing whether AI compensatory funds ought to be established for coping with human … [+] harms due to AI. getty Who’s to blame? That might seem like a straightforward question, t...
In Crypto Law Overhaul, Thai Central To Receive More Powers
Thailand Central Bank has planned to overhaul its crypto laws to grant more powers to the central bank. Reports have suggested that the new amendments to the regulation will include Central Bank to be...
Two more lawsuits for Coinbase: Law decoded, Aug. 1–8
The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud consp...
Large Indiana employers Eli Lilly and Cummins speak out about the state’s new restrictive abortion law
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Drugmaker Eli Lilly, one of the biggest emplo...
Marq Vision, Bits Crypto, Galoy Money Complete Successful Funding Rounds, Brazil Seek Crypto Law – crypto.news
Fundraising and seed rounds continued today with Marq Vision, Bits Crypto and Galoy Money. Reports show that Brazil could be on the path to approving a new cryptocurrency-focused law. Crypto appears t...
The Digital Commodities Law Passed by US Senators
The Bill by U.S. Senate Committee The Digital Commodities Consumer Protection Act of 2022 was presented by U.S. senators to give the Commodity Futures Trading Commission (CFTC) exclusive control...
US Lawmakers Move to Clarify Definition of ‘Brokers’ in 2021 Infrastructure Law
Supported by Senators Pat Toomey (R-Pa.), Mark Warner (D-Va.), Cynthia Lummis (R-Wyo.), Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio), the bill would exclude miners or other node operators and wal...
Brazil Might Approve Its Cryptocurrency Law This Week – Regulation Bitcoin News
This week, the Chamber of Deputies in Brazil might approve a cryptocurrency bill introduced earlier this year. According to the leader of the Federal Government in the Chamber, Ricardo Barros, the bil...
England and Wales Law Commissions Propose Recognizing Crypto as a New Type of Property
The Law Commission of England and Wales put out a consultation paper that proposes creating a new form of property for conferring legal rights to cryptocurrencies et al. The commission believes that t...
Law Decoded, July 25-August 1
Despite some good signs of the crypto prices recovery, last week could hardly be called bright for the market, as the major news came from the enforcers and not the regulators. According to a report f...