They based this decision on the fact that the judge had used the December 2021 user agreement, but that didn't take into account the fact that earlier versions had used different language in some sections. The full title of the case is Louis Oberlander v. Coinbase Global Inc., 23-cv-184, US Court of Appeals (2nd Circuit).…
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Reports circulated over the weekend to suggest a crypto regulatory framework is being worked on by the KNF. New proposals from the Polish government, which will be announced in the spring, will outline the details of this framework. The KNF will then put the framework in place by December 2024, according to those familiar with…
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The Financial Intelligence Unit India (FIU IND) said it has written to the Ministry of Electronics and Information Technology in the country to block the URLs of the nine entities it states are "operating illegally without complying with the provisions of PML Act in India." The cryptocurrency exchanges on the notices are Binance, Kraken, Bitfinex,…
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Charged with breaking US anti-money-laundering laws, fraudulent customer funds management and conspiracy to commit fraud, Zhao now faces a $4.3bn settlement that must be paid to cover a federal investigation into Binance’s illegal activities by US Securities and Commission Exchange (SEC). _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _____________________________________________________________________________________________________________________________________ To counter…
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In the follow-up to this initial paper, the Government indicated it plans to regulate several cryptocurrency dealings according to the same rules used for banks and financial services companies. UK Financial Services Minister, Andrew Griffith, said: I am very pleased to present these final proposals for cryptoasset regulation in the UK on behalf of the…
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This trust currently holds a value of approximately $1.6bn. In the filed lawsuit, Gemini petitions the court to cast a ruling stating Genesis has no right to the GBTC shares earmarked as collateral to users of the Gemini Earn product. Genesis or its partners still holds most of the shares in question. Gemini feels these…
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The company is already dealing with a lawsuit, in which it is accused of transgressing privacy laws, in the United States. The UODO stated that the anonymous complainant alleged that OpenAI neglected to correct erroneous information produced by ChatGPT. The President of UODO, Jan Nowak, said: The case concerns the violation of many provisions on…
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A local report detailed how prominent executives attended a forum on the legal issues and potential criminal dealings associated with digital assets. Among these were Ki No-Seong, the deputy chief prosecutor, and Park Min-woo of the Financial Services Commission (FSC). This session highlighted money-laundering possibilities and concerns. According to a Google-translated statement, Seong commented: Illegal…
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Likewise, the Commodities Futures Trading Commission (CFTC) brought similar charges against the crypto lender and its founder. The CFTC asserted that Celsius and Mashinsky operated an extensive commodity pool scheme involving digital asset commodities. The derivatives regulator announced a settlement agreement with Celsius, which includes a court order permanently prohibiting the company from engaging in…
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Introduced in July 2022, the legislation expands the authority of regulators over the financial system, encompassing cryptocurrencies. The bill underwent parliamentary discussions, amendments were incorporated to classify all crypto-related activities as regulated and to oversee crypto promotions, as well. Furthermore, the bill brings stablecoins to the existing framework of payment regulations. HM Treasury added in…
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