In a pivotal legal reversal, Montenegro’s Court of Appeals has annulled the extradition of Terraform Labs co-founder Do Kwon to the United States, siding with his defense’s appeal and invalidating a prior High Court ruling from Feb. 20. Montenegro’s Appeal Court Blocks Do Kwon’s U.S. Extradition, Cites Legal Flaws This latest court decision underscores the […]
Category: Capital Markets
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Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations
Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to May 2022, Terraform and Kwon’s operations resulted in at least […]
Do Kwon’s Fate Sealed — Montenegro High Court Opts for US Extradition in Legal Tug-of-War
In a landmark decision, the High Court in Podgorica has ruled that the former Terraform Labs CEO, Do Kwon, will be extradited to the United States, sidelining South Korea’s request for his extradition. The court’s ruling comes after extensive deliberations on the legal and political implications of the extradition. Report Details Do Kwon’s U.S. Extradition […]
Digital Assets for 1 Billion Rubles Issued in Russia in a Month
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian […]
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BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS […]
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Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework
The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an “alternative financing and investment platform for issuers and investors while mitigating the risks associated with this asset […]
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Digital Asset Exchange Platform Granted ‘Crypto Financial Services Provider License’ by Israeli Regulator
An Israeli capital markets regulator, the Insurance and Savings Capital Market Authority, recently granted a “crypto financial services provider license” to Bits of Gold, the first such license for an active company in the country. This license allows Bits of Gold to offer crypto custodian services and to enable the safekeeping of funds belonging to […]
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Moroccan Capital Markets Regulator Launches Fintech Portal
The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website. The new portal has been created in order to facilitate exchanges between the regulator and “companies involved in the innovative financial technology sector.” Portal to Help Promote Development of New […]
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Decentralization ‘absolutely essential’ in building crypto capital markets
Sang Lee believes blockchain technology developments have already left traditional banks in the dust, but adoption remains relatively low due to several factors.
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Coinbase’s capital markets head reportedly leaves company
People familiar with the matter claimed Brett Redfearn’s departure was due to Coinbase shifting its priorities away from digital asset securities.
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