A digital currency wallet and trading platform Coinbase had faced a class-action lawsuit filed mid-week, in California Northern District Court in relation to its promotion of TerraUSD (UST) crypto whi...
Tag: Law
President of Panama Partially Vetoes Crypto Law Passed by National Assembly – Bitcoin News
Laurentino Cortizo, president of Panama, has exercised his veto powers to make a series of objections to the recently approved cryptocurrency law. The observations of the president only touch on certa...
Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC – Regulation Bitcoin News
Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement...
Panama’s President Vetoes Law That Would Have Regulated Bitcoin, Legalized DAOs
Panama’s “Crypto Law” came to a grinding halt today after President Laurentino Cortizo partially vetoed the bill. President Laurentino Cortizo made the move on the grounds that it “requir...
New Michigan Law Lets Cops Seize Cash At Airports, No Crime Required
Although summer travel is heating up, anyone traveling with cash may want to think twice about flying in and out of Michigan. Late last month, Gov. Gretchen Whitmer signed two bills (HB 4631 and HB 46...
Do Costco’s $4.99 Chickens Come With Too Heavy a Price?
One of Costco Wholesale’s (COST) – Get Costco Wholesale Corporation Report most popular products is turning into a headache for the warehouse retailer, and it’s one the company does...
Stablecoin Law Could Be Passed in 2022
Legislators informed attendees at Consensus 2022 on Friday that a new federal law on stablecoins might be in place by the end of the year. The panel suggested a law to address difficulties with crypto...
EU Lawmakers Urged to Speed Up Passage of Crypto Law
The European Commissioner for Financial Services, Financial Stability and Capital Markets has called for the speedy passage of the Markets in Crypto Assets (MiCA) framework presently before the Europe...
Why the Crypto Market Needs KYC and How to Stay Anonymous without Breaking a Law
Anonymity became a barrier, standing in the way of cryptocurrency mass adoption by the traditional financial market. At the same time, abandoning confidentiality contradicts the core concept of digita...
NY Mayor urges Governor to reject law banning Bitcoin mining in the state
New York City mayor Eric Adams has called on the state’s Governor Kathy Hochul to reject a bill that placed a two-year moratorium on Proof-of-Work (PoW) crypto miners who do not use 100% renewable ene...
EU States Close To Rolling Out Landmark Crypto Law as Trilogue Near ⋆ ZyCrypto
Advertisement     The European Union is doubling down efforts aimed at passing the first crypto legislation before year-end with France and the European Parliament cur...
After months of hype, Lummis-Gillibrand crypto bill is more media event than law
The introduction of the landmark “Responsible Financial Innovation Act” on June 7 was a big moment for the crypto world. The actual bill, however, has left many in crypto as well as Congress underwhel...
New York governor yet to commit to signing Bitcoin mining ban into law
New York Governor Kathy Hochul has yet to publicly commit to signing a controversial bill that would ban proof-of-work (PoW) crypto mining, instead noting that her team will be looking “very closely” ...
Will a new Japanese law allow seizure of your crypto?
According to reports, Japan’s Justice Ministry is considering revising an asset seizure statute connected to organized crime. This is expected to include a provision allowing crypto to be hijacked in ...
How could this New Japanese Law allow stolen crypto’s seizure?
By the time there were no such laws that could give authority to regulators to proceed for seizing the stolen crypto, but a new Japanese Law might do so Reports are that the Justice Ministry of Japan ...
New Japanese law will consider seizing illegal crypto 1
A new Japanese law that will ensure that illegal crypto holdings get confiscated is currently undergoing consideration in Japan. According to reports, the country’s justice department has floated a pr...
New Japanese law may allow seizure of stolen crypto
Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances. If the rep...
71% of Salvadorans Did Not Benefit From the Bitcoin Law, Survey Says
A large part of Salvadorans said that the Bitcoin Law promoted by their president Nayib Bukele did not help them “at all” despite being approved less than a year ago. A survey conducted by the Institu...
More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved Their Personal Finances – Bitcoin News
A recent survey has offered some insight into the real opinions Salvadorans have about the implementation of the Bitcoin Law in the country. The survey, carried out by the University Institute of Publ...
Japan Passes Landmark Law Around Stablecoins to Protect Investors After Terra Debacle
Even before any other country could come out with legislation to regulate stablecoins, Japan became the first significant economy to pass such a bill for investor protection. Bloomberg reported on Fri...
What Terra Collapse Brought For Stablecoins In Japan, New Law Passed
The collapse of the Terra (LUNA) ecosystem continues to ripple across the crypto industry. This cryptocurrency and its algorithmic stablecoin UST lost over 99% of its value in less than a week, leavin...
Japan approves stablecoin law to ensure protection for crypto investors
Stablecoins are digital currencies linked to an underlying asset, such as fiat money, gold, or other assets. They help to maintain price stability by linking to external assets such as fiat currency. ...
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender. The legal ...
Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments – Regulation Bitcoin News
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislat...
Russian central bank signals agreement with crypto law revisions: Report
First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian media, w...
You Ain’t Seen Nothin’ Yet
Businessman looking out of abstract opening in wall with bright daylight in concrete interior. … [+] Concept for success. getty “New law” is a catchall industry term popularized in the aftermath...
Concessions To Congressional Republicans Doomed A Gun Control Law
People may think there was never a federal gun control law. There was, in fact, a good gun control law. But, it was not in force at the time of the Uvalde massacre earlier this week. It was not in for...
Rolls-Royce’s SMR Needs 10,000 Times Less Land Than Wind Energy, Proves ‘Iron Law Of Power Density’
Rolls-Royce’s new SMR will produce 470 megawatts of power and require just 10 acres of land, giving … [+] it a power density that is 10,000 times greater than that of a wind project. Getty...
How Corporations Like Chevron Use The Law To Get Their Way
In 2008, I attended Chevron’s CVX annual meeting in Richmond, California, alongside indigenous activists from Ecuador concerned about their ownership of Texaco and the legacy of environmental destruct...
‘Code is not law:’ Seth Green thief stole Bored Apes, not the rights, say experts
Austin Powers supporting actor Seth Green has sparked a debate over who owns the commercial rights to use a Bored Ape Yacht Club nonfungible token (NFT) after his Apes were stolen and sold to another ...
Trump Ally, Alex Mooney, ‘Likely’ Violated Federal Law, Ethics Report Says
Metal signpost with four arrows, “integrity”, “ethics”, “respect”, “honesty” words on them, blue sky … [+] with clouds and sun in a background. ge...