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” The regulatory implications of India’s crypto transactions tax “ The Indian crypto landscape lost some momentum this year as the government introduced two laws demanding crippling taxes on crypto-related unrealized gains and transactions. India’s first crypto law, which requires its citizens to pay a 30% tax on unrealized crypto gains, came into effect on…
” Andorra green lights Bitcoin and Blockchain with Digital Assets Act “ A small light of progress shines from Andorra, a tiny European country nestled between France and Spain. The country’s government, the General Council of Andorra, recently approved the Digital Assets Act, a regulatory framework for digital currencies and blockchain technology. The act is…
” UK court allows lawsuit to be delivered via NFT “ According to a Tuesday notice from U.K. law firm Giambrone & Partners, a case brought by Fabrizio D’Aloia against Binance Holdings, Poloniex, gate.io, OKX, and Bitkub over allegations someone was operating a fraudulent clone online brokerage has resulted in a legal precedent offering a…
” BoE official compares current crypto market regulation to ‘unsafe aeroplanes’ “ Jon Cunliffe, deputy governor for financial stability at the Bank of England, has called for a clear regulatory framework for crypto to address risks amid the recent market downturn. In a written speech at the British High Commissioner’s Residence in Singapore on Tuesday,…
” Know thy customer: The future of KYC in crypto “ Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry. The tension never really goes away, but…
” Web3 activists fight for reproductive rights with NFTs, DAOs and protests “ Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade. On June 24, 2022, the landmark court case that previously assured the right to have an abortion was overturned, sparking a backlash among reproductive…
” Class action lawsuit claims Solana’s SOL is an unregistered security “ Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting an unregistered security. The class action was filed on July 1 by Roche Freedman LLP and Schneider Wallace Cottrell Konecky in the district court for the…
” Bombshell allegations of fraud as KeyFi takes Celsius to court “ Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had been operating in a Ponzi-style fashion and that it failed to honor a profit-sharing agreement “worth millions of dollars.” The complaint, filed on…
” Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM’s government “ Many officials responsible for regulating the United Kingdom’s financial system have resigned following allegations Prime Minister Boris Johnson exercised “poor judgement” in appointing a member of the government. In a letter to Johnson posted to Twitter on Wednesday, Economic…
” ECB officials prepare for ‘harmonization’ of crypto regulations: Report “ The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations for crypto. According to a Sunday report from the Financial Times, the ECB was concerned about possible…