News about LEGAL

News about Legal

Malaysia Launches Enforcement Action Against ‘Illegally Operating’ Binance

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

Malaysia enforcement now banning Binance for operating illegally.

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

Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally

Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act...

Planning to do an online shop selling legal goods, but planning to accept only crypto. What do you think? (Very important)

Read the title submitted by /u/insanetrader5 [link] [comments]

IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender

The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national currency. IMF Warns of Risks in...

I keep hearing (uneducated) people say crypto is mainly used for illicit activities and it should therefore be boycotted. But they forget that the same cash they use is the main choice for funding illegal activities.

I just read an article about bitcoin in a local newspaper. While the newspaper itself was very critical towards bitcoin, the comments were nearly unanimous. „Bitcoin is mainly used for money laundering“, „Crypto is a safe haven for illicit activity“...

Nonfungible tokens from a legal perspective

Nonfungible tokens under the juridical and legal perspective are still in evolution, and there are more questions than answers. A nonfungible token (NFT) can be both a...

Binance was my best and only means of trading in the U.K. I’m being blocked from investing in something and feels like what they’re doing should be illegal

I’m relatively new to cryptocurrency but I understand it’s potential as a catalyst for change in the future and despite the crash, have broken even. Meanwhile I’m getting multiple emails from my bank reminding me of the risk of investing and now the...

I live in the United States and invested in a BSC project that proved to be a rug pull and left 2000+ investors with their funds deemed worthless. What can I do from a legal standpoint?

I've researched the project and it seemed safe from a rug pull perspective - However, it turned out to be a scam. My first one in the space. Definitely not a great decision on my end to invest, but what can I now do from a legal standpoint? I hav...

Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm

A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground cryp...

Malaysia is literally crushing thousands of illegal Bitcoin miners

It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap. Authorities in Malaysia...

LMAO: Former FaZe member threatens legal action against YouTubers who exposed his crypto scheme

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

Australian digital finance industry wants to legally recognize DAOs

A new legal initiative in Australia wants to allow DAO project governors to contract with other legal entities through DeFi tools. Specialists and lawyers focused on d...

Bitcoinization: JPMorgan Sees No ‘Tangible Economic Benefits’ of Bitcoin as Legal Tender

JPMorgan has offered its view on the bitcoinization of El Salvador, the country which recently made bitcoin legal tender alongside the U.S. dollar. JPMorgan says, “It is difficult to see any tangible economic benefits associated with adopting b...

Ukrainian police seize 3,800 PS4 consoles used for illegal crypto mining

Miners used an empty warehouse of an electricity supply company to plug into the grid and mine crypto on a variety of devices, including gaming consoles. Ukrainian au...

Coinbase CEO: We plan to list every crypto asset where legally viable

submitted by /u/Sacmo77 [link] [comments]

“Bitcoin legal tender in the country has set off a raft of debate about whether it’s beneficial and what the ramifications could be.” *I’m rubbing my nipples thinking of this weeks RAMifications

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

Police Bust Illegal Cryptomining Ring Enslaving Thousands Of PS4 Consoles And GPUs

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

Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date

The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so fa...

Paraguay Next To Adopt Bitcoin As Legal Tender? Microsoft To Build on Bitcoin. Latest News! ????⚡️

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

Is the wallet full of cash hidden in my back pocket going to be illegal soon?

Guys, I’ve been reading lots of credible stories on the internet about proposals for private wallets to be made illegal. I’m concerned because not only do I own a private wallet full of cash, including several $20 bills, but I’m the only person who k...

Survey finds most El Salvador citizens are skeptical of making BTC legal tender

More than half of Salvadorans surveyed don’t seem as keen as their president to adopt Bitcoin. According to a newly released survey, up to three-quarters of Salvadoran...

Both EU and US are planning to make private „anonymous wallets“ illegal. We CRYPTO holders need to act now!

So the regulatory grip is tightening around the world and it’s getting more and more absurd. We as crypto supporters need to come together and should wipe off the tribalism. If governments want to make anonymous wallets illegal it only means one thin...

Korean investigation finds $1.48B in illegal overseas crypto transactions

More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions. An interagency invest...

Russian lawmakers prepare legal amendment to confiscate crypto

Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facilitate crime....

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