rights – DIGIT INFO

UK Court Recognizes USDT as ‘Distinct Form of Property’

DIGIT — Sun, 15 Sep 2024 23:15:00 +0000

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business […]

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Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

DIGIT — Sat, 15 Apr 2023 21:30:16 +0000

Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and […]

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Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs

DIGIT — Sat, 30 Apr 2022 20:30:54 +0000

Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the “Killer 3s.” The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied […]

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Singapore suspends Bitget exchange license over K-Pop coin promotion

DIGIT — Mon, 06 Dec 2021 05:24:36 +0000

The Singapore-based Bitget exchange has reportedly lost its license after a legal tussle with the agency for K-Pop boy band BTS.

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Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners

DIGIT — Wed, 10 Nov 2021 08:49:42 +0000

A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing maintenance services. The court ordered Sunacrip, the […]

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Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments

DIGIT — Sun, 19 Sep 2021 07:00:32 +0000

Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely to affect peer-to-peer and over-the-counter trading platforms. Central Bank of Russia Skeptical of Cryptocurrency […]

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Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights

DIGIT — Tue, 14 Jul 2020 16:52:06 +0000

Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters undermined the rights and protections of American taxpayers. The […]

The post Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights appeared first on Bitcoin News.

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Liechtenstein Adopts Token Act to Attract Crypto Business

DIGIT — Sun, 06 Oct 2019 17:45:54 +0000

One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. Also read: Turkish Government […]

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Localbitcoins Updates ToS: ‘Some Situations May Require ID’

DIGIT — Sun, 13 May 2018 05:10:34 +0000

Just recently news.Bitcoin.com reported on traders who exchanged “significant” trade volume using the peer-to-peer platform, Localbitcoins, by receiving warnings to upload their identity before they could proceed trading. Now the Localbitcoins organization has updated its terms of service agreement which comes with a few new guidelines concerning ID verification and data retention. Also read: Markets Update: Cryptocurrencies […]

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Wendy McElroy on Decentralization: “Give Power Back to the Individual”

DIGIT — Sat, 14 Apr 2018 15:00:48 +0000

The Satoshi Revolution: A Revolution of Rising Expectations. Section 2 : The Moral Imperative of Privacy Chapter 7: Decentralization Decentralization (Chapter 7, Part 1) A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled […]

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