News about LEGAL

News about Legal

When metal coins were the only legal tender, paper money was considered a foolish idea

Many kings and monarchs even considered it a threat to their economy (kinda like how current governments consider crypto a threat). The fact is, revolutionary ideas will ALWAYS face objection and protest. But eventually, if these ideas are more effic...

Illegal copies of 'Spider-Man: No Way Home' infected with cryptocurrency mining malware

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

Report: Illegal Trades Account for Less Than 3% of Total Bitcoin Transactions

According to a new report, illegal transactions, scams and gambling together make up less than 3% of the volume on the Bitcoin blockchain while exchanges and trading desks account for around 80% of volume. Exchanges Dominate Bitcoin Volumes A new st...

Shiba Inu Civil War Erupts As Former Promoter Calls Project a Scam — Threats of Legal Action and Doxxing

submitted by /u/Electrical_Potato_21 [link] [comments]

Powers On… Top 5 crypto legal and regulatory developments of 2021

While still leading the securities litigation, hedge fund and SEC defense national practices at my last law firm, BakerHostetler, my practice team members and I would...

Switzerland just legally recognized Crypto as digital Means of Payment (Currency), no additional Taxes to be put on all CryptoCurrencies, puts it on a Level with Bank Accounts

submitted by /u/Dwez1337 [link] [comments]

Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes

India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illeg...

Crypto is enabling everyone to do what billionaires are able to do at a smaller scale. Crypto is more than just a 'legal tender', it's an appreciating asset. I'll explain the basis of this economics briefly.

You guys ever heard of the stories that Bezos, and Musk aren't paying income taxes? This is because they are asset rich, not rich by income. Therefore, they used the loophole of accumulating assets, and then using those as collateral to apply for...

Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade

Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward w...

Illegal Crypto Miners Threatened With Jail Time in Russia

Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The...

Russia to decide between blanket crypto ban and legalizing exchanges in 2022

The world's biggest country will reach a crossroads on crypto regulation as it enters 2022. On Thursday, conflicting reports emerged in Russia on the state of crypto...

Canadian Blockchain Company Link Global Facing $7M Fine for Illegally Operating a Dormant Natural Gas Well to Mine Bitcoin

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

2 currencies pictured here: One is: used by criminals, impossible to track its transactions, used for illegal activities, loses value each year ...the other one is $ETH

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

Are there any useful LEGAL tax "loopholes" to keep uncle Sam from taking too much of your hard earned crypto? Yes. And I've done some digging to find them for you. (US)

This is all within the IRS rule book. But make sure to check the rules for yourself: https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions And ask for professional advice if you need help...

Recruiters say crypto firms seeking leadership in engineering, legal and finance

Talent recruitment experts say that crypto firms are in dire need of the best leadership available to scale their businesses. The crypto industry has enjoyed astronom...

Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC

The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This ha...

Paraguay poised to legalize use of bitcoin and cryptomining

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

Crypto legislation unlikely any time soon, says Robinhood chief legal officer

Dan Gallagher says it’s likely US crypto legislation is going to take some time to finalise His comments to CNBC come at a time when several cryptocurrency exchange executives are expected to head to Capitol Hill to meet lawmakers. Robinhood'...

It's official - I have just declared ETH an official currency and legal tender.

I have just passed a resolution to make ETH a legal currency, which makes me the first person to do so (via Reddit). According to the law, citizens will be able to use Ethereum to do everything from paying taxes and paying off debts to buying goods...

$7.5 Million NFT Collection Accused of Using Art Without Permission Threatened by Legal Action

While non-fungible token (NFT) assets have been extremely popular in 2021, there’s been a slew of issues tied to the ecosystem as well. A recent report indicates that roughly a dozen artists are considering taking legal action against an NFT c...

Bitcoin could be exempt from capital gains tax in the UK because it is now legal tender in El Salvador.

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

Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading

The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter sessi...

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