'We're preparing' an antitrust case against Google similar to Microsoft, Mississippi AG says

“It’ll be a multifaceted suit or, hopefully, we can get a settlement if we can get some agreement with” Google in regards to data collection, Mississippi Attorney General Jim Hood says. “At some point some court is going to rule to the effect that a person’s private information is the equivalent of their intellectual property…

Read more »

How Cannabis Investors Could be 'Conspirators' Per the US Federal Law

In February, Brooker Mellars, the owner of a Colorado-based marijuana dispensary, The Bud Depot, claimed that she lost her business bank account after investing in the cannabis industry. The “Bitcoin Mom” shared in a tweet that they were accredited investors with excellent credit ratings. But their adventurous investment into cannabis stocks didn’t fit well their bank,…

Read more »

Cryptocurrency Regulation: Lawmakers in Rhode Island Introduce Bill Exempting Some Tokens from Securities Law – BTCMANAGER

A group of state lawmakers in Rhode Island has introduced a bill that will provide an exemption for some cryptocurrency tokens from securities law. Rhode Island becomes the next state after Colorado and Wyoming to go about establishing clear-cut regulations for the emerging virtual currency landscape. Bipartisan Legislation for Cryptocurrency Tokens  A bipartisan alliance of…

Read more »

Top Russian Official Urges Parliament to Discuss Draft Crypto Bill Without Further Delays

The chairman of the upper house of Russian parliament has urged MPs to expedite their work on digital economy bills that include a draft on crypto regulation, local news agency TASS reports on Tuesday, Jan. 29. Valentina Matvienko, who has headed the Federation Council since 2011, spoke to officials from several institutions, including the Upper…

Read more »

Marshall Islands President Survives No Confidence Vote Prompted by National Crypto Plans

The President of the Republic of the Marshall Islands Hilda Heine has narrowly survived a no confidence vote that was partly prompted by her plans to introduce a national digital currency, Asia-focused English-language publication Nikkei Asian Review reports Nov. 12. The Marshallese parliament was reportedly split 16-16, just one vote short of the number needed…

Read more »

The Cyberspace Administration of China (CAC) has announced that it will accept public feedback through Nov. 2 on draft rules it recently published to regulate blockchain projects, but the proposed legislation has already drawn a mixed response from distributed ledger technology (DLT) analysts. Also Read: Bitstamp Confirms Acquisition by South Korean Company Strict Rules for DLT Users…

Read more »

Int'l Financial Watchdog FATF to Introduce Cryptocurrency Rules in 2019

The Financial Action Task Force (FATF) – an international agency which is intended to tackle criminal activity across the globe, is set to issue the first set of rules regarding cryptocurrency regulations in 2019. Focus on Crypto Exchanges The FATF is based in Paris and it is currently comprised of 37 countries. Its’ president Marshall…

Read more »

Blockchain Companies Get GDPR Advice from EU Consulting Body

In addition to offering blockchain ventures advice on data protection compliance, the EU Blockchain Observatory and Forum has appealed again to EU authorities to resolve the existing tension between privacy protection laws and DLT. The European Union Blockchain Observatory and Forum, a consultancy body under the umbrella of the European Commission, has published guidance on…

Read more »

US: Crypto Industry Reps, Lawmakers, Venture Capitalists to Discuss Regulatory Landscape

Representatives from U.S.-based financial giants and cryptocurrency startups will meet with Washington lawmakers this Tuesday to discuss the regulatory landscape, CNBC reported September 24. The roundtable dubbed “Legislating Certainty for Cryptocurrencies” will reportedly be hosted by Rep. Warren Davidson (R-Ohio). The attendees will address the issue of policy-making regarding the new asset class in the…

Read more »

Exchanges Don't Take Enough Action to Prevent Abusive Trading, New York Prosecutor Says

An analysis published by the New York attorney general hones in on a number of exchanges, pointing out what it perceives as a lack of accountability and customer protection. The office of the New York State attorney general submitted a report on Tuesday that highlighted what it perceived as problems that were pervasive in the…

Read more »

Australian Gov’t Partners With IBM and Legal Experts to Build Smart Contracts Platform

IBM, CSIRO’s Data61 and law firm Herbert Smith Freehills have partnered on a new Australian consortium to build a cross-industry blockchain-based smart contracts platform for enterprises, according to a press release published August 29. Data61 is a digital innovation center that forms part of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) – an Australian…

Read more »

Blockchain Data Now Has Legal Bearing in the State of Ohio

Governor John Kasich from the Midwestern state of Ohio signed a bill this week that formally recognizes data recorded on a blockchain and electronic signatures as having legal bearing in a court of law. The state joins Vermont and Arizona, two states that have already passed laws that recognize blockchain-based transactions. Blockchain Records Now Recognized…

Read more »

Law Commission of India Recognizes Cryptocurrency as Means of Electronic Payment

The Law Commission of India has recognized cryptocurrency as a means of electronic payment. The pronouncement came during the Commission’s recent feasibility study of the legality of online gambling in the country. Cryptocurrency enthusiasts in India will most likely welcome this news given the negative view held by many government officials towards virtual currencies. Law…

Read more »

Cryptocurrencies in India are at par with electronic means of payment, states the Law Commission of India

The Reserve Bank of India [RBI] has appealed for a ban on cryptographic forms of money, as to preclude the banks for conversion of digital currencies into Indian Rupee [INR]. On 3rd July, the Supreme Court of India [SC] held the hearing of Internet and Mobile Association of India, IAMAI vs RBI. According to the reports,…

Read more »

Tether is Fully Backed Says Law Firm According to Tether

Freeh, Sporkin & Sullivan LLP (FSS), a Washington-based law firm formed by three former judges, including a former FBI director, says tether is fully backed with dollars. In a report hosted by Tether, they say: “FSS is confident that Tether’s unencumbered assets exceed the balance of fully-backed USD Tethers in circulation as of June 1st,…

Read more »

Wendy McElroy: Crypto – Civil Law Versus Common Law

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 1. Crypto: Civil Law Versus Common Law “World’s Second Most Valuable Cryptocurrency Under Regulatory Scrutiny.” “Bitcoin CRACKDOWN: IMF chief Christine Lagarde calls for cryptocurrency regulation.” “France announces Bitcoin regulations amid cryptocurrency ‘bloodbath’.” 2018 is the year in which cryptocurrency will be…

Read more »

Class Action Lawsuit Against Ripple Alleges Sale Of Unregistered Securities

Law firm Taylor-Copeland law has filed a class action suit against Ripple Labs for the sale of unregistered securities, according to the official complaint filed yesterday, May 3. The lawsuit targets Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, alleging that Ripple’s sale of XRP tokens is a violation of U.S. securities laws….

Read more »

French Crypto Regulation à la carte: Context, News, Perspectives

France has been hard to classify on the crypto lovers/haters spectrum. During the 2018 G20 meetings, it claimed to aim at being a blockchain pioneer. At the same time, its ICO volumes are dwarfed by much smaller neighbors like Switzerland. On April 26, France dramatically cut the taxation of gains on cryptocurrency trading. Let’s see…

Read more »

Aussie Regulator Discusses Applying Existing Laws To Overseas ICOs

An Australian financial services watchdog has stated that ICOs conducted abroad may be subject to Australian laws if they accept investment from “Australian consumers.” In an April 26 address, Commissioner John Price of the Australian Securities and Investments Commission (ASIC), the country’s “corporate, markets and financial services regulator,” said that the agency would update ICO…

Read more »

The SAFT Is Alive But Who Knows How Well

Risky and rational. That about sums up the state of U.S. token sales in the wake of new dialogue on whether the mechanism, by which startups are issuing custom cryptocurrencies to raise funds, is compliant with the law. Lost in the dialogue, however, has been that there are many more specific types of token sales….

Read more »