Disclosure – DIGIT INFO

SEC sues Elon Musk claiming disclosure failures with Twitter stock

DIGIT — Tue, 14 Jan 2025 23:41:15 +0000

The SEC sued Elon Musk alleging he violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022.

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Pavel Durov Reveals Telegram Has Been Disclosing Data to Authorities

DIGIT — Thu, 03 Oct 2024 00:46:26 +0000

Telegram founder Pavel Durov has clarified the platform’s privacy policies, emphasizing that no significant adjustments have been made regarding how Telegram handles user data. He revealed that since 2018, Telegram has disclosed IP addresses and phone numbers of criminals when legally required. Durov stressed that this is a longstanding policy, ensuring compliance without compromising the […]

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Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public

DIGIT — Thu, 26 Sep 2024 13:50:38 +0000

Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses public via a court affidavit, respond to user queries raised in the […]

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Russian Expert Discusses End of Internet Anonymity With Passport-Based Access

DIGIT — Thu, 26 Sep 2024 00:30:46 +0000

A Russian digital services expert has predicted a future where passport-based identification for Internet access becomes the norm, citing a broader trend towards the de-anonymization of online spaces. His comments follow a move by Telegram to disclose user data during rule violation investigations, reflecting a significant shift in how anonymity is handled on the web. […]

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Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

DIGIT — Wed, 05 Apr 2023 11:30:23 +0000

As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. […]

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What are the Howey test and its implications for cryptocurrency?

DIGIT — Sat, 18 Mar 2023 14:07:00 +0000

The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.

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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

DIGIT — Tue, 14 Mar 2023 19:30:14 +0000

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and […]

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NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens

DIGIT — Fri, 17 Feb 2023 17:31:56 +0000

The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle the charges and pay the SEC $1.409 million. SEC Chair Gary Gensler Wants to Remind Celebrities of Disclosure Laws […]

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Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

DIGIT — Fri, 16 Dec 2022 02:30:45 +0000

The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the burden on financial organizations. Russia’s Central Bank Eases Supervision of Digital Asset Platforms Amid Sanctions The Central Bank […]

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Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia

DIGIT — Wed, 11 May 2022 12:00:36 +0000

President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries Candidates for government offices in Russia […]

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