Experts are of the opinion that governments need to work hand-in-hand with encryption-centric service providers to combat illegal activities on their platforms.
Crypto regulation is an umbrella term for the network of laws, statutes and legal practices surrounding the crypto and blockchain industries. Since Bitcoin's 2008 white paper, the legal status of these industries has been the subject of a huge amount of conversation. Lawmakers and regulators have had to cope with an entirely new set of concerns. Some governments have reacted hostilely, seeing crypto as a threat to monetary control. Others have embraced the industry for its capacity to link distant economies and facilitate trustless transactions across the globe. But most of the world is still figuring out exactly how to legislate, regulate and prosecute the set of laws surrounding such a young industry.
This week has seen some major breakthroughs in disguise, reminding us of how regulation doesn’t all happen at once.2798
One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him.10984
Just after 100,000 in USDC were blacklisted by Centre, Tether blacklists 46 million Tether in Ethereum addresses.8051
A class-action lawsuit seeks to prevent e-scooter firm Helbiz from destroying the smart contract underpinning its ERC-20 token.3189
Professor Richard Holden thinks exploring distributed ledger technology for voting in US elections could put voter fraud lawsuits to bed.2013
The Australian Government has reached out to the blockchain community to help identify opportunities for blockchain adoption in the supply chain and credentialing sectors.4924
New York’s Supreme Court has rejected Bitfinex and Tether’s appeal in the ongoing dispute between the firms and the NY Attorney General over $850 million in lost funds.3197
The ‘.io’ domain name has become part of a complaint against the U.K. for alleged human rights violations tied to its continuing administration of territories in the Indian Ocean.3946
The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million.2323
South Korean legislature will host a seminar to address crypto laundering and other related topics.1525
Chinese courts are implementing blockchain storage technology to record court hearings.3672
The costs of operating a cryptocurrency exchange are significant, but new software has been emerging that can make it more accessible.1490
Former Swiss President and new board member of CV VC talks the unique attitudes towards law that make Switzerland a hub for crypto.4420
In response to the COVID-19 pandemic, the CFTC is changing up the format for its annual Fintech Forward conference.4166