The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on...
Tag: Liability
Ripple General Counsel Views SEC Chair as Biden Administration’s Political Liability
The SEC Chair has attracted criticisms from the crypto community, representing many American voters. Ripple General Counsel Stuart Alderoty believes Gary Gensler, Chairperson of the U.S. Securities an...
Elon dodges liability, Ford falters and Rivian lays off more workers
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Ackman Says Banks Face Too Much Liability Exposure on Adani Deal
(Bloomberg) — Investor Bill Ackman doubled down on his criticism of Adani Group, saying that there’s just too much liability exposure for the banks involved in the Indian company’s equity sale. ...
India’s WazirX Releases Proof-of-Reserves With Over 1:1 Liability Ratio
Indian crypto exchange WazirX released its proof-of-reserves (PoR) report disclosing its reserves-to-liability ratio of over 1:1. Alongside the paper, published by CoinGabbar, a third-party platform t...
Marshal Island recognizes DAOs as limited liability companies
On Thursday, the Republic of Marshall Islands showed its commitment to blockchain technology by passing a law that officially recognizes and embraces Decentralized Autonomous Organizations (DAOs) as l...
Marshall Islands legally recognizes DAOs as domestic limited liability companies
The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officiall...
DAOs recognized as limited liability companies by the Marshall Islands
The Republic of the Marshall Islands passed a law providing recognition of DAOs as limited liability companies (LLCs) The Pacific island nation passed the Decentralized Autonomous Organizations ...
Year-End Changes To Lower Your Liability
Getty Images Key takeaways Tax season lies just around the corner, which means it’s time to seek those last-minute tax breaks While tax rates haven’t changed, each tax bracket (income range) has adjus...
New York Fed and leading banks start regulated liability network pilot
Leading global banks kicked off a 12-week pilot together with the New York Federal Reserve. The project was first reported by The Block. The so-called regulated liability network will se...
Prosecutors To Prove SBF’s Criminal Liability, Here’s How
Crypto exchange FTX collapsed after facing liquidity crunch and failing to receive a $9.4 billion rescue package, forcing CEO Sam Bankman-Fried to file for Chapter 11 Bankruptcy. Prosecutors believe F...
New York Fed, several big banks testing ‘regulated liability network’
The Federal Reserve Bank of New York is poised to unveil a proof-of-concept for “regulated liability networks” — an experiment around tracking and transmitting tokenized debt issued by an array of reg...
DAOs Rush To Restructure To Avoid Legal Liability
SushiSwap, SafeDAO and Uniswap have all altered their legal structures in recent months New DAO legal structures are functionally very similar to LLCs, crypto lawyers say Major DAOs are moving to adop...
Do Kwon Opens up and Admits Full Liability for Terra’s Collapse
2 hours ago | 3 mins read Editors News Do Kwon denied allegations regarding the freezing of the $67 million fund. Terra’s founder continuously says he is not on the run from law enforcement. The “want...
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may sti...
US SEC says cryptocurrencies should be treated as a liability
The US Securities and Exchange Commission (SEC) has urged cryptocurrency companies to disclose potential risks from digital asset investments. The regulatory body has also warned those investing in di...
Crypto Counts as Liability for Custody Companies, Says SEC
Companies holding cryptocurrencies for clients should treat them as liabilities on their balance sheet, the U.S. securities regulator said. According to the guidance issued by the Securities and Excha...
US Firms Providing Custody Services Should Account for Crypto Assets as Liability, Disclose Risk, SEC Says
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SushiSwap community proposes Swiss legal structure to limit DAO liability
According to the proposer Tangle, the intended foundation will play a key role in limiting the liability for contributors and driving Sushi’s future growth. SushiSwap (SUSHI), a community-led suite of...