Law – Page 69 – DIGIT INFO

Chinese court invalidates 2019 car sale made using now worthless crypto token

It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place.

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Russian Finance Ministry Rules Out Sale of Oil for Bitcoin

The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency […]

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Crypto’s uses and misuses: Binance-Reuters quarrel raises questions

Does the struggle between Binance and Reuters, both heavyweights in their respective industries, have broader implications for the crypto sector?

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Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto

SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together.

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Regulations and exchange delistings put future of private cryptocurrencies in doubt

At a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete.

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Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering

The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.”

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EU commissioner reiterates need for ‘regulating all crypto-assets’

Mairead McGuinness said that she planned to discuss a compromise through the MiCA proposal currently under review in the EU.

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DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert

A researcher from the University of Nicosia elaborates on key controversies of decentralized finance.

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Lithuanian Government Approves Stricter Crypto Regulations

The government in Vilnius has approved amendments introducing more stringent regulations for the country’s growing crypto space. The legislation is aimed at managing risks associated with crypto assets and preventing Russian attempts to circumvent Western sanctions imposed over the war in Ukraine. Lithuanian Authorities to Tighten Rules for Crypto Industry Lithuania is preparing to revise […]

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Coin Center takes US Treasury to court over alleged financial spying

Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate.

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