courts – DIGIT INFO

Celsius to appeal order that disallowed its $444M claim against FTX

DIGIT — Thu, 02 Jan 2025 03:48:45 +0000

The crypto lender made two claims, both of which were dismissed by Judge Dorsey for various reasons, including procedural shortcomings.

Go to Source

UK Court Recognizes USDT as ‘Distinct Form of Property’

DIGIT — Sun, 15 Sep 2024 23:15:00 +0000

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business […]

Go to Source

Crypto may see second wind in the US as courts ‘rein in the SEC’ — Lawyer

DIGIT — Thu, 31 Aug 2023 05:43:00 +0000

Crypto-focused lawyer Jeremy McLaughlin said the U.S. digital asset industry may re-ignite as the country’s securities regulator racks up court losses.

Go to Source

FTX poked the bear and the bear is pissed — O’Leary on the crypto crackdown

DIGIT — Tue, 21 Feb 2023 01:36:59 +0000

Kevin O’Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another.

Go to Source

Colombian Court Holds Hearing in the Metaverse

DIGIT — Fri, 17 Feb 2023 19:00:19 +0000

Colombian courts held one of the first judicial hearings using metaverse tech. María Victoria Quiñones Triana, the magistrate of the Magdalena court, approved the realization of this hearing, using Horizon Worlds technology provided by Meta and virtual avatars to represent participants in the process. Colombian Court Holds Metaversal Judicial Hearings A Colombian court has ostensibly […]

Go to Source

At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region

DIGIT — Tue, 14 Feb 2023 05:45:02 +0000

Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto Miners Sued in Irkutsk for Extracting Digital […]

Go to Source

Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case

DIGIT — Wed, 18 Jan 2023 12:30:43 +0000

A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, received almost $2,000 in damages and the funds deposited as part of the court decision […]

Go to Source

Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

DIGIT — Mon, 19 Dec 2022 07:00:45 +0000

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian Investigators Should Have Cryptocurrency Wallets Russian prosecutors are convinced that investigative […]

Go to Source

Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

DIGIT — Thu, 25 Aug 2022 04:30:58 +0000

Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. Irkutsk Crypto Miners Pay 100 Million Rubles in Fines in 2022 Cryptocurrency mining has become a […]

Go to Source

Crypto-Related Lawsuits Rising in Russia, Criminal Cases Increase by 40%

DIGIT — Sun, 12 Jun 2022 06:30:22 +0000

Courts in Russia are hearing a growing number of cases around crypto assets, a new study has shown. About two-thirds of them have been launched under provisions of the country’s Criminal Code but civil cases represent a large share as well. Criminal Cases Involving Cryptocurrency in Russia Near 1,000 in 2021 Lawsuits related to cryptocurrency, […]

Go to Source