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. Go to Source Powered by WPeMatico
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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 … Read more
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. Go to Source Powered by WPeMatico
Anonymous hacker served with restraining order via NFT
International law firm Holland & Knight served a defendant in a hacking case with an NFT that was created and airdropped by its asset recovery team. Go to Source Powered by WPeMatico
Self-regulatory orgs for crypto keep ecosystem afloat pending clear regulations
In places where crypto has no solid legal framework, self-regulatory organizations act as a ladder for crypto companies to evolve. Go to Source Powered by WPeMatico
Information, AML/CFT steps are key to fighting international digital crime, DOJ report says
The Justice Department report, mandated by the president executive order on digital asset development, recommends more efforts along the lines already being pursued. Go to Source Powered by WPeMatico
A life after crime: What happens to crypto seized in criminal investigations?
Like with any kind of property, law enforcement has the right to sell your coins and spend the money. Go to Source Powered by WPeMatico
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a … Read more
Japan passes bill to limit stablecoin issuance to banks and trust companies
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse. Go to Source Powered by WPeMatico
Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed in an interview, despite Bank … Read more