Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending p...
Tag: Law
Paraguay crypto framework one step away from becoming law –
Paraguayan lawmakers have deliberated for a year on a comprehensive crypto regulatory framework It includes considerations for businesses and traders The bill is now one step away from being ratified ...
Paraguay’s congress passes crypto bill, sends to president
Paraguay could soon have a new regulatory framework. On July 14, Paraguay’s Senate passed a bill setting up a new licensing for crypto exchanges and rules for miners, among other areas. The bil...
Paraguay’s crypto framework one step away from becoming law
The Paraguayan Senate passed a bill on July 14 establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the crypto mining sectors. The bill, introduced last July ...
Andorra to Ratify Digital Assets Adoption with Crypto Law
Andorra, or ‘the Principality of Andorra’, a landlocked microstate between France and Spain, is remarkably contemplating regulations of digital assets and other blockchain technologies. Th...
How new EU law can affect stablecoins
The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto ...
Starbucks Store Closings Spark Dispute With Unionizing Employees
Starbucks (SBUX) – Get Starbucks Corporation Report interim Chief Executive Howard Schultz is looking to the future. In a July 11 letter to employees Schultz laid out a new vision and principl...
Bitcoin Gives Way To Ruble: Putin Signs Law Banning Crypto Payments In Russia
Bitcoin and other types of crypto has just been outlawed in Russia by no less than the commander in chief himself. A Russian legislative support system website said that on Saturday, Russian President...
Vladimir Putin signs bill banning digital assets as payments into law
Russian President Vladimir Putin has signed a bill into law prohibiting digital financial assets as payments more than a month after it was introduced to the country’s lower chamber of Parliament. In ...
It’s Official — President Vladimir Putin Signs Law Outlawing Crypto Payments In Russia ⋆ ZyCrypto
Advertisement     Russian President Vladimir Putin signed a bill that makes crypto payments illegal, which will be a blow to the $940 billion asset class in the world’...
Putin Amends Law To Broaden Russia’s Crypto Payments Ban
Previous cryptocurrency regulation was “not enough,” according to Russian legislators The amended law will prevent workarounds of existing crypto payment restrictions Russian President Vladimir Putin ...
Putin signs law banning crypto-based payments in Russia
Russian President Vladimir Putin signed a law on July 14 that bans the use of cryptocurrencies as a means of payment, local news media RBC reported. The ban applies to the use of digital financial ass...
Cannabis News Week: SAFE Banking Passes House (Again); New York Cracks Down
The U.S. House of Representatives passed the Secure and Fair Enforcement Banking Act this week as a rider on the 2023 National Defense Authorization Act. Before you light your joints in celebration, k...
Putin Signs Law Prohibiting Payments With Digital Assets in Russia – Regulation Bitcoin News
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating ...
California Truckers Struggle to Comply With New Employment Law
Trucking companies and truck owner-operators are scrambling to figure out how to operate under a new California law that toughens definitions of nonemployee drivers, upending decadeslong practices tha...
Kazakhstan’s New Law Imposes Higher Tax Rates on Crypto Miners
Miners in the country will now have to pay increased tax rates tied to the electricity prices consumed by these entities. Increased Tax Burden for Crypto Miners Consistent with the rapid advances towa...
How A New California Law Will Raise The Cost Of Consumer Goods Nationwide
California Gov. Gavin Newsom (AP Photo/Rich Pedroncelli, File) Copyright 2022 The Associated Press. All rights reserved Governor Gavin Newsom (D-Calif.) has been promoting the checks worth up to $1,05...
President of Kazakhstan Enacts Law Amending Country’s Tax Code To Impose Higher Rates on Crypto Miners
The President of Kazakhstan, Kassym-Jomart Tokayev, has enacted a law amending the country’s Tax Code to impose a higher tax rate on cryptocurrency miners. The increased levy will be based on the amou...
Class action law firm starts investigating Solana Labs over potential securities violations
While the cryptocurrency market is still trying to reel from the bearish crisis affecting it in recent weeks, another blow is on the horizon in the form of legal proceedings against one of its major p...
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners – Mining Bitcoin News
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average pri...
Law Professor Accuses Josh Hawley Of Being ‘Transphobic’ In Testy Senate Hearing Exchange
Topline A Berkeley law professor called out Sen. Josh Hawley (R-Mo.) for a “transphobic” line of questioning Tuesday during the Senate Judiciary Committee’s hearing on the overturning of Roe v. Wade, ...
‘Extraordinary Attorney Woo’ Meets Life And The Law On Her Own Terms
Attorney Woo was told not to talk about whales at work, but sometimes she finds they offer an … [+] insight. Netflix When working on her first case at a law firm, rookie attorney Woo Young-woo h...
Chinese Court Says That Wage Payment in USDT Is Against the Law
Last year wasn’t a smooth ride for crypto in China, if anything, it was the opposite. Starting with prohibiting financial institutions from making any transactions in crypto to stopping domestic minin...
HHS says physicians must provide abortions in medical emergencies, regardless of state law
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (...
Crypto Firms in Hong Kong will seek License Through AML Law
The proposed legislation will also include dealers in precious metals and stones (DPMS). In June, the Anti-Money Laundering and Counter-Terrorist Financing Bill 2022 was published in the official gove...
Graff Diamonds Corp Sues Law For Failing To Pay $7.5 Million Bitcoin Ransomware
British multinational jeweler Graff Diamonds Corp has sued its insurer, The Travelers Companies, Inc for failing to cover $7.5 million in ransomware losses. The Jeweler said it paid $7.5 million to ra...
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law – Regulation Bitcoin News
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML)...
Solana and Other Key Players Face Lawsuit for Violating Securities Law
One of the allegations Solana Labs is facing in the lawsuit is that SOL is centralized crypto that the defendants benefitted from. Solana Labs is currently facing a lawsuit for violating federal secur...
India’s Law Enforcement Agency Probes Crypto Exchanges For Forex Violations
Cryptocurrencies allow a free movement of money across political boundaries, bypassing the traditional banking channels. Increased outflows through the decentralized crypto setup could put downward pr...