Law Decoded: Pushing the Legal Limits, July 10–17
In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media. Go to Source Powered by WPeMatico
Regulation
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Ripple’s Garlinghouse Says China Leads US in Crypto Regulatory Outlook
Ripple’s CEO said China is ahead of the United States in terms of crypto regulatory thought. Go to Source Powered by WPeMatico
India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban
For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders. Go to Source Powered by WPeMatico
Binance Isn’t Permitted to Operate in Malaysia, Local Regulator Says
Binance is said to be “operating a recognized market” without authorization from the Malaysian regulator. Go to Source Powered by WPeMatico
More Than $1.4 Billion of Laundered Money Has Moved Onto Crypto Exchanges This Year
Blockchain security company traced more than $1.4 billion of laundered money to top ten crypto exchanges. Go to Source Powered by WPeMatico
Disgraced Lobbyist Abramoff Will Pay $55K as Part of Guilty Plea in SEC Case
In the civil case against him, Abramoff owes $55,000, but the judgment in the criminal case remains to be seen. Go to Source Powered by WPeMatico
Major Lobbyists in DC See a Shift in Regulatory Tone Towards Crypto Since Pandemic
Despite continuing education gaps, the heads of several crypto-focused trade associations confirmed that lawmakers are paying more attention than ever to the industry. Go to Source Powered by WPeMatico
New Suit Alleges Utahn Ponzi Operators Took the Money and Ran
New suit looks to recover nearly three quarters of a million dollars from alleged ponzi scheme that claimed major altcoin gains amid crypto winter. Go to Source Powered by WPeMatico
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging MTI members that the organization is … Read more
South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards
South Africa is proposing new rules around crypto-assets service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FAFT). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment. Finance Minister Tito Mboweni published the proposals in June. … Read more
