Legal

Regulation

FATF Joins BIS in Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.

Policy & regulation  ·  18 October 2019
Regulation

Facebook’s Libra Just Got Its First Major Supporter in Congress

Bucking a trend, Sen. Mike Rounds (R-S.D.) wrote a letter praising Libra as a technological advance that he feels is needed.

Policy & regulation  ·  17 October 2019
Crime

Identity Thief Spends $5 Million on Cloud Computing to Mine Cryptocurrency

Singaporean citizen Ho Jun Jia has been indicted for stealing over $5 million worth of cloud computing services to mine cryptocurrencies.

Policy & regulation  ·  11 October 2019
Legal

Facebook’s Calibra Sued by Mobile Banking App Over Similar Logos

The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August 2016.

Policy & regulation  ·  11 October 2019
Regulation

SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws

The heads of three U.S. financial regulators warned the crypto industry to abide by banking laws in a joint statement published Friday.

Policy & regulation  ·  11 October 2019
Exchanges

Bitfinex Doesn’t Have to Compile Documents During Appeal, Judge Says

A New York judge has rejected the state attorney general's request to have Bitfinex and Tether compile documents during an ongoing appeal.

Policy & regulation  ·  10 October 2019
Regulation

London Stock Exchange-Backed Nivaura Hires Senior HSBC Banker

LSE-backed Nivaura hired a senior HSBC banker to boost adoption of the London-based fintech's blockchain process for capital markets legal documents.

Policy & regulation  ·  9 October 2019
Exchanges

Crypto Traders’ Lawsuit Claims Bitfinex, Tether Cost Market Over $1 Trillion

Bitfinex and sister company Tether caused more than $1 trillion in damages to the crypto market, a new lawsuit claims.

Policy & regulation  ·  7 October 2019
Regulation

Missouri Watchdog Hits Unregistered Crypto Brokerage With Cease and Desist

St. Louis-based Mavixbtc allegedly promised 55-percent returns and falsely claimed to be registered with two watchdog organizations.

Policy & regulation  ·  3 October 2019
Crime

Longfin Must Pay $6.8 Million After Court Backs SEC Fraud Complaint

A New York court has backed charges brought by the SEC that the fintech firm committed fraud relating to its public offering and Nasdaq listing.

Policy & regulation  ·  1 October 2019
Regulation

Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners

A new bill from Uzbekistan's Ministry of Energy would triple the price of power for miners, raising fears it could stifle the local mining industry.

Policy & regulation  ·  30 September 2019
Lawsuits

Overstock Class Action Claims SEC Blocked Firm’s Digital Dividend Lockup

An investor has launched a class action against Overstock and two former execs, claiming securities violations involving the firm's digital dividend.

Policy & regulation  ·  30 September 2019
Ethereum

New Interest in DAOs Prompts Old Question: Are They Legal?

New tools have made DAOs all the rage in the ethereum community. Now one startup is trying to make them work within U.S. legal frameworks.

Policy & regulation  ·  29 September 2019
Crime

For Desperate Mt Gox Victims, Long-Shot Bitcoin Deal Beats Endless Wait

Some Mt. Gox creditors have signed on to a law firm’s unorthodox proposal to recover their bitcoin, but many are skeptical about its motives. 

Policy & regulation  ·  24 September 2019
Lawsuits

Ripple Avoids Securities Question in Motion to Dismiss XRP Lawsuit

Ripple avoided arguments over whether XRP is a security in its new motion to dismiss a class action lawsuit.

Policy & regulation  ·  20 September 2019