The draft law was announced in October and local media reported the law was passed by the nation’s legislators in late November. The “Digital Asset Law” officially went into effect Tuesday following its publication in the official gazette, and...
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In October, the Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice (DOJ) filed enforcement actions against the entities and individuals that own and operate the Bitcoin Mercantile Exchange (BitMEX), a trading platform for cryptocurrency derivatives. The...
The founders of digital payments processor Payza will serve year-plus prison terms and forfeit $4.5 million in seized assets for breaking federal money transmission laws, the U.S. Department of Justice said. Brothers Firoz and Ferhan Patel, both Canadian, had...
Canadian law firm Miller Thomson has hired consultancy firm Kroll to perform blockchain analytics work in relation to the ongoing dissolution of QuadrigaCX, the exchange which failed last year after its CEO Gerald Cotten was reported to have died. ...
Lawyers working within the jurisdiction of Washington, D.C., can now accept cryptocurrency as a form of payment for legal services. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and...
A German shareholder body has accused “Big Four” auditor Ernst & Young (EY) of failing to spot a $2.1 billion black hole in Wirecard’s books soon enough. Shareholders’ association SdK filed criminal damages against EY Friday for not flagging...
Divisive crypto industry businessman Craig Wright is heading to a jury trial in a case that revolves around billions of dollars in bitcoin. The move to trial comes after the legal team for the estate of David Kleiman, Wright’s...
South Korea’s central bank is moving ahead with research into digital currencies as it sets up a legal panel to advise on possible regulatory sticking points. Per an article in The Korea Times on Monday, the Bank of Korea...
The Blockchain Association has filed a “friend-of-the-court” brief in the ongoing legal case between the U.S. Securities and Exchange Commission (SEC) and messaging startup Kik, arguing the firm’s kin token is not a security. The advocacy group argues that...
A federal judge said Craig Wright’s objection to handing over crucial evidence regarding billions in bitcoin left her “puzzled,” as he seemed to be arguing the court should “blindly accept” everything he says. District Judge Beth Bloom overruled Wright’s...