The network of rules, statutes, and legal procedures governing the cryptocurrency and blockchain businesses is collectively called “crypto regulation.” The legal standing of these businesses has been a hot topic of discussion ever since Bitcoin’s 2008 white paper. The issues facing legislators and regulators have completely changed. Some authorities have reacted negatively because they perceive cryptocurrency as threatening monetary authority. Others have embraced the sector due to its ability to connect distant economies and promote secure global commerce. However, the majority of the globe is still figuring out how to enact, oversee, and enforce the body of regulations governing such a new industry.
Many markets and nations are slowly embracing the prospects of cryptocurrencies and blockchain. Unfortunately, it appears that the recent crypto winter slowed down the advancement of these technologies. However, there is still a chance that things will get better after the storm. Thankfully, there are several signs that the cryptocurrency market is still alive. Numerous … Read more
The Dutch Central Bank has fined cryptocurrency exchange Binance $3,3 million for operating without authorization. The central bank published a statement stating that the exchange had violated its laws by offering cryptocurrency services in the Netherlands without registering with the bank, which is illegal. A similar kind of warning was also issued against Binance, labeling its products … Read more
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more
Although Celsius has declared bankruptcy, legal experts believe it may take a while to satisfy customer claims. The situation is further complicated by the lack of clear legal precedents for those interested. Celsius may list some of its customers as unsecured creditors, bringing a fresh round of legal action. The likelihood of Celsius’ creditors retrieving … Read more
As a new lawsuit claims that a troubled cryptocurrency lending business deceived investors, the walls are coming around it. In addition to being sued, Celsius Network declared bankruptcy last week, is now accused of operating like a Ponzi scheme. Plaintiff Taylor Goines claims the following in a class action lawsuit filed on Wednesday in a … Read more