Law – Page 51 – DIGIT INFO

South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon’s former associates

Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform.

Go to Source

3AC bankruptcy process faces challenges amid unknown whereabouts of founders

The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce.

Go to Source

New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective

Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor and Bitcoin Supporter Eric Adams to […]

Go to Source

Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar

The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23.

Go to Source

SEC chair’s crypto oversight strategy in question as ecosystems collapse

Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem.

Go to Source

FTX’s collapse could change crypto industry governance standards for good

Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray.

Go to Source

Russia Prepares to Create Government-Controlled Crypto Exchange

Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of the participants in these efforts. Legislators Want Russia to Have Its Own […]

Go to Source

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have consequences for […]

Go to Source

‘Substantial amount’ of FTX’s assets stolen or missing — bankruptcy counsel

“We’re not just talking about crypto assets, or cash assets, or physical assets — we’re also talking about information, and information here is an asset,” said James Bromley.

Go to Source

Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

A Dutch court hearing ruled that the Tornado Cash developer would be held for another three months as the investigation continues.

Go to Source