News about LEGAL

News about Legal

Binance.US Head of Legal and Chief Risk Executives Are Resigning

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Why Salvadorans don't trust Bukele's BTC as legal tender project? What other countries need to take into consideration before adopting any crypto as legal tender? (From Salvadorans perspective, this time including other compatriots opinions)

Hi guys, as you know last week was the second anniversary of Bitcoin as Legal Tender, I had the chance to have some talks with some Journalist, including one of the most popular journalist in El Salvador, thanks to his investigative journalism job. W...

Coinbase CEO champions DeFi, calls for court action to set legal precedent

Coinbase CEO Brian Armstrong cautioned the United States Commodities and Futures Trading Commission to avoid taking enforcement actions against DeFi protocols. Coinbas...

Russia Prepares to Legalize Decentralized Financial Organizations

Amidst the impact of internationally imposed sanctions on Russia, the country appears to be directing its attention toward legalizing a new and decentralized form of finance known as DAO. This move from the Russian government is seen as a way t...

NYU law professors argue ‘personal growth bets’ using smart contracts should be legal

The duo’s paper says self-contracts can help a user quit smoking or lose weight, but incentives such as putting a bomb in one’s own skull would surely test the limits of the law....

Latest Legal Drama Between SEC and Ripple

The ongoing legal struggle between the Securities and Exchange Commission (SEC) of the United States and Ripple, the blockchain-based payment network, has piqued the interest of the cryptocurrency and financial services industries. This drawn-out leg...

Could CFTC’s Legal Actions Make DeFi Illegal in the US?

The field of decentralized finance, or DeFi, has been a hotspot of innovation and opportunity, promising users decentralized, trustless financial services. However, recent legal actions by the Commodity Futures Trading Commission (CFTC) in the United...

Could Argentina be next to adopt Bitcoin as legal tender? - CityAM - City A.M.

Could Argentina be next to adopt Bitcoin as legal tender? - CityAM& & City A.M.

Has Adopting Bitcoin as a Legal Tender Been a Good Idea?

Back in April 2022, the Central African Republic (CAR) passed legislation to make Bitcoin legal tender, meaning businesses, individuals, government departments, etc. were required to accept it as a form of payment. Likewise, El Salvador made the same...

Uzbekistan's President Legalizes and Taxes Cryptocurrency - CoinCu News

Uzbekistan’s President signs amendments, introducing comprehensive cryptocurrency licensing for exchanges, mining pools, storage services, and mining activities. Licensed entities now must pay taxes, marking recognition of cryptocurrencies as...

CFTC commissioner, industry question legality of DeFi orders

submitted by /u/RiddleTower [link] [comments]

CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives

The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of d...

Did You Know $700 Million of Customer Money Will Be Used To Fight Customers? | That’s Legal Fees for FTX, Celsius, Voyager, BlockFi, and Genesis | And You Pay For It

-----------******-------------- **Disclaimer:** This looks like financial advice, doesn’t it? You look at it from the right, it looks like I am pushing you to do what is written in the article. If you put your head down and think, you may be co...

SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’

The SEC highlighted contradictory conclusions from similar cases and other pending decisions as some of the contentious legal issues. The United States Securities and...

Binance Boss Counters ‘FUD’ Amidst Legal Challenges, Touts Company’s Resilience and Low Turnover

Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange’s leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt...

CFTC Cracks Down On DeFi: ‘Illegal Derivatives Trading’ Lands 3 Protocols In Hot Water

The Commodity Futures Trading Commission (CFTC) intensified its focus on the digital asset decentralized finance (DeFi) space, issuing simultaneous orders against Opyn, ZeroEx, and Deridex, Inc. The charges stem from allegations of offering illegal...

El Salvador's Bitcoin Revolution: Two Years as Legal Tender - Bitcoin Magazine

El Salvador's Bitcoin Revolution: Two Years as Legal Tender& & Bitcoin Magazine

El Salvador's Bitcoin Revolution: Two Years as Legal Tender

Two years have passed since El Salvador made history by becoming the first country to adopt Bitcoin as legal tender. In that short span, the nation has undergone remarkable changes and improvements. While some might consider it a mere coincidence, th...

CFTC Issues Orders Against Operators of Three DeFi Protocols for Offering Illegal Digital Asset Derivatives Trading

submitted by /u/elidevious [link] [comments]

When they lose a legal case on statutory or rule interpretation, they do not accept the loss--they appeal, they evade, they distort, they stretch. Only strong rights-based limitations on them will succeed.

OICU-IOSCO's "Defi Working Group" is "led by staff from the SEC" what in the mother of all psyops is this? it's very simple, they do not want DeFi to exist at all...they want to re-centralize and re-intermediate DeFI thi...

Legal Storm Brewing? Former FTX Executive Prepares To Enter Guilty Plea

Former FTX executive Ryan Salame is set to make a highly anticipated appearance in Manhattan federal court on Thursday, a proceeding that typically indicates a defendant has reached a plea deal, according to a Reuters report. The court hearing will...

Bitcoin Reaches Two Years as Legal Tender in El Salvador - teleSUR English

Bitcoin Reaches Two Years as Legal Tender in El Salvador& & teleSUR English

El Salvador Marks Second Anniversary of Bitcoin Legal Tender Law - Bitcoin Magazine

El Salvador Marks Second Anniversary of Bitcoin Legal Tender Law& & Bitcoin Magazine

El Salvador Marks Second Anniversary of Bitcoin Legal Tender Law

On September 7, 2021, El Salvador made headlines worldwide by becoming the first country to pass a groundbreaking Bitcoin law, officially recognizing the cryptocurrency as legal tender alongside the U.S. dollar.This& historic move, spearheaded by...

El Salvador Bitcoin as legal tender 2nd anniversary: Brief of the perception of salvadorans during these 2 years. (From a salvadoran)

WHAT IS KNOWN WHAT IS UNKNOWN A trust fund of $150 million was created In parallel with the enactment of the Bitcoin Law, lawmakers approved the creation of a $150 million trust fund in 2021, a fund intended to support cryptocurrency tr...

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