News about LEGAL

News about Legal

Bank of America accused of opening fake accounts and charging illegal junk fees. Please tell me again why crypto is hurting retail consumers?

submitted by /u/cannainform2 [link] [comments]

FTX Exec Investigated for Illegal Donations to Girlfriend's Congressional Campaign: WSJ - Decrypt

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

UK Watchdog Takes Action Against More Illegal Crypto Machines, Warns Consumers Of Risks

The Financial Conduct Authority (FCA) of Britain has recently once again undertaken a crackdown on illegal crypto machines operating across the country. With a firm warning to consumers about the potential loss of their funds, the FCA has shut down a...

FCA Shuts Down 26 Illegal Crypto ATMs in 2023, Continuing its 6-Year Fight

The Financial Conduct Authority (FCA) has been active in identifying and disrupting illegal crypto ATMs across the UK. Since the start of 2023, the regulatory body has inspected 34 locations suspected of hosting these machines. The operation, conduct...

UK Watchdog Announces Closure Of 26 Illegal Cryptocurrency Machines

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

Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway. Terraform Labs co-found...

Terra Co-Founder Faces Legal Proceedings In South Korea As 1st Hearing Unfurls

Terra’s legal trouble continues with South Korea’s Seoul Southern District Court conducting the initial preliminary hearing for Daniel Shin, the co-founder of Terraform Labs, along with seven other former Terra employees. However, Shin, who st...

Coinbase's Legal Chief Fires on SEC's Crypto Regulation Approach

On July 8, Paul Grewal, the chief legal officer of Coinbase, tweeted a number of times about his displeasure with the Securities and Exchange Commission's (SEC) approach to cryptocurrency regulation. (Read More)

Shakeup at Polygon Labs: President will step down and chief legal officer will become CEO

The change in leadership came as the platform has been preparing a set of upgrades branded “Polygon 2.0”. Ryan Wyatt will be stepping down as president of Polygon Lab...

Shakeup at Polygon Labs: President will step down and chief legal officer will become CEO. The change in leadership came as the platform has been preparing a set of upgrades branded “Polygon 2.0”

submitted by /u/Tasigur1 [link] [comments]

DeFi's Legal and Regulatory Challenges: Navigating the Gray Areas

Decentralized Finance, or DeFi, has emerged as one of the financial industry's most transformational and disruptive forces. DeFi protocols, which are based on blockchain technology, aim to eliminate middlemen, and allow open, permissionless access to...

Wow! I just learned that Germany has introduced a law that makes it illegal to purchase real estate using Cash, Gold and/or Bitcoin (§16a GWG).

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

Accept the ‘Best and Final Offer’ or Face Legal Action Gemini’s Cameron Winklevoss Tells DCG Founder

According to Cameron Winklevoss, the co-founder of the crypto exchange Gemini, a lawsuit will be filed on July 7 against Barry Silbert and the Digital Currency Group if the latter two fail to accept creditors’ “best and final offer....

US Bank Paying $9,000,000 Fine for Allegedly Forcing Customers to Endure Illegal Credit Card and Billing Practices

submitted by /u/Asleep_Ambassador_66 [link] [comments]

Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses

A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between Marc...

FCA Provides 4 'Legal Routes' for Compliance with Upcoming Crypto Promotion Rules

The UK financial watchdog has said crypto firms in the country will have four “legal routes” through which they can comply with its rules for digital assets promotion coming into force on October 8, 2023. The Financial Conduct Authority (FCA) stated...

Creditors for bankrupt Voyager Digital billed $5.1M in legal fees

Voyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees. New York-based law firm McDermott Will &am...

Pro-XRP Lawyer Responds To Winklevoss’ Letter To DCG CEO: Legal Battle On The Horizon?

A recent dispute within the industry has seen Cameron Winklevoss, a prominent investor, and co-founder of the crypto platform Gemini, engage in public discourse with Barry Silbert, CEO of the Digital Currency Group (DCG). The argument centers on Gen...

UK Law Commission recommends 'distinct' legal category for crypto

The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership. The United Kingdom’s Law Commission is pu...

Hong Kong IFEC Warns Against Trading on Illegal and Foreign Platforms for Virtual Assets

The investor and Financial Education Council (IFEC), a public organisation under the Securities and Futures Commission (SFC), has issued a warning regarding the potential risks connected to unlicensed and foreign virtual asset trading platforms. (Re...

	The Riveting World of Bombay Club
	SOCIAL GOOD 100$ free sign up bonus + 100% Cashback on daily purchases
	Ethereum Expected to Thrive in 2023
	How To Get Started On Cryptocurrency Gaming
	5 Important Features of White Label NFT Marketplace
	How to get started with crypto gambling
	Best 7 Web3 Apps That Pay You Crypto
	6 Must-Have Tools For Crypto Traders
	Can Ethereum 2.0 Be Converted to Cash?
	Cryptocurrency in Gambling: Features and Benefits
	What are the Core Facets of a Successful Cryptocurrency?
	Cost to Develop Your Own Cryptocurrency Website
	EgldRush - The best Elrond NFT project Farming, Staking, Rewarding
	Choosing a Safe Cryptocurrency Exchange 2022
	Let's Talk About Security in Crypto