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“# Belarus tech innovation zone may take on regulatory role for crypto business ” The Belarusian government has proposed to appoint the Hi-Tech Park Administration as a supervisory authority for local crypto exchanges and digital tokens, First Deputy Prime Minister Nikolai Snopkov announced on March 16. “The government has proposed to make the Administration of…
“# BitMEX executive surrenders in New York, pleads not guilty ” Ben Delo, one of the founders and co-owners of embattled crypto derivatives exchange, BitMEX, has surrendered to U.S authorities in New York. According to Bloomberg, Delo was arraigned remotely before U.S Magistrate Judge Sarah L. Cave during a proceeding on March 15. He pleaded…
“# India to have a ‘window’ for Bitcoin, says minister amid crypto ban FUD ” The Minister of Finance of India, Nirmala Sitharaman, has given a ray of hope for the Indian cryptocurrency community, as more fear, uncertainty and doubt circulate regarding a supposedly impending ban on digital assets. In a March 13 interview with…
“# The Token Taxonomy Act of 2021: Preemption of inconsistent state laws ” In these hyper-partisan times, any bill that includes sponsors from both sides of the aisle is noteworthy. There is one pending now that is particularly important in the crypto space. On March 8, 2021, H.R. 1628, the Token Taxonomy Act of 2021,…
“# SBI Holdings subsidiary continues XRP benefit program ” Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP. The new dividend payout option comes as part of the…
“# Case examiner says Cred platform hired escaped prisoner as CFO ” Bankrupt cryptocurrency lending platform Cred Inc is believed to have unwittingly appointed a prison escapee as its Chief Financial Officer. A report filed by examiner Robert Stark of Brown Rudnick LLP on March 8 asserts that former Cred CFO James Alexander has been…
“# McAfee claims DOGE price prediction to blame for latest US charges ” Troubled antivirus software entrepreneur John McAfee has claimed that Dogecoin (DOGE) was part of new charges brought against him by the United States Department of Justice. In a Sunday tweet, McAfee pinpointed that DOGE was one of several cryptocurrencies that he endorsed…
“# Law Decoded: Closing remarks on the future of crypto law, March 5 ” Editor’s note Ladies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point, there are no plans…
“# Co-founder of Floyd Mayweather-promoted ICO sentenced to 8 years ” Sohrab Sharma, the co-founder of the notorious celebrity-spruiked initial coin offering of 2017, Centra Tech, has been sentenced to eight years in prison for his leading role in the fraudulent scheme that duped investors out of more than $25 million. Shama had previously pled…
“# BitGo receives trust license from New York regulators ” Major American digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services. According to an announcement, the new charter enables BitGo to provide custodial services for institutional clients in New York seeking…