ruling – DIGIT INFO

UK court rules Tether is property in first English law post-trial crypto ruling

DIGIT — Fri, 13 Sep 2024 03:56:56 +0000

It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.

Better Markets CEO Says SEC Has 90% Chance of Winning in Ripple Appeal — Criticizes Judge’s XRP Ruling

DIGIT — Sun, 18 Aug 2024 23:35:11 +0000

Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […]

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Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

DIGIT — Sun, 18 Aug 2024 01:46:06 +0000

Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […]

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Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

DIGIT — Wed, 19 Apr 2023 22:20:03 +0000

In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto […]

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Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

DIGIT — Wed, 05 Apr 2023 11:30:23 +0000

As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. […]

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Belarusian Fined $1 Million for Illegal Crypto Trading

DIGIT — Fri, 13 Jan 2023 09:00:02 +0000

A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the […]

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Court in China Recognizes NFTs as Virtual Property Protected by Law

DIGIT — Tue, 06 Dec 2022 22:30:23 +0000

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet Court Hears Case Involving Property […]

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Roskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet

DIGIT — Thu, 07 Jul 2022 06:30:53 +0000

Russia’s mass media regulator, Roskomnadzor, has restored access to a major Russian crypto news portal. Bits.media was recently blocked as a result of proceedings in a regional court that its representatives were not even summoned to attend. Crypto News Site Bits.media Again Available to Russian Readers as Roskomnadzor Delists It Bits.media, the source for crypto-related […]

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Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent

DIGIT — Tue, 24 May 2022 17:30:55 +0000

The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion in Russia Two Russian citizens have […]

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Russian Appellate Court Cancels Decision to Block Tor Project’s Website

DIGIT — Sun, 22 May 2022 22:00:19 +0000

A court of appeals in Russia has overturned a ruling by a regional court which allowed the blocking of the Tor Project’s website in the country. Due to violations during the initial proceedings, the case has been returned to the court of the first instance for another review. Roskomsvoboda Helps Cancel the Blocking of Tor […]

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