Poland new crypto law triggers strong criticism from industry participants
Poland’s new crypto law imposes strict KNF licensing and heavy penalties. Industry warns rules could stifle innovation and push firms abroad. The president’s decision may determine Poland’s crypto market future.…
Crypto update: US stablecoin law prompts China to accelerate its own plans
China’s stablecoin push is a defensive move against US dollar dominance. The US GENIUS Act is the key trigger for Beijing’s recent policy shift. The experiment will be limited to…
Fenwick and West law firm sued over alleged role in FTX’s multibillion-dollar theft
Fenwick & West accused of enabling FTX’s $8B customer fund theft. The law firm is accused of designing fraud-friendly corporate structures. Fenwick & West denies wrongdoing, says actions were within…
Trump signs GENIUS Act into law, positioning Ripple’s RLUSD for institutional adoption
Ripple’s RLUSD could benefit from the new rules and expand its use in US financial systems. Only 14 million XRP tokens have been burned to date versus 59.1 billion in…
Upbit and Bithumb to compensate investors for the 2024 martial law outage
The declaration of Martial law in South Korea on December 3, 2024, caused chaos for crypto exchanges like Upbit and Bithumb. The crypto exchanges experienced downtimes as investors rushed to…
Russia confiscates $10M Bitcoin from former law enforcement official
Russia seizes 2,718 Bitcoin worth $10M from ex-ICRF official. The ex-official was involved in what has been termed the largest bribery case in Russia. The confiscated bitcoins will be added…
Indian law enforcement agency DGGI wants $86M unpaid GST from Binance
India demands $86 million in unpaid GST from crypto exchange Binance. Indian law requires 1% TDS on crypto transactions and 30% tax on profits. Binance plans to resume operations in…
Turkey eyes new law on crypto assets: report
Turkey is preparing a new law on crypto regulation, according to Finance Minister Mehmet Simsek. The legislation looks to toughen approach to money laundering and terrorism financing to bring Turkey…
Crypto firm LBRY files to challenge ruling it violated US Securities Law
The SEC filed a lawsuit in a New Hampshire court arguing that LBRY’s LBC tokens were tokens and not cryptocurrencies. The SEC won a case in November 2022 and LBRY…
Bitfinex gets license to operate under El Salvador’s new crypto Law
El Salvador was the first country to pass Bitcoin as a legal tender. El Salvador‘s Legislative Assembly established a framework for the country to issue Bitcoin-backed bonds. Bitfinex is the…