Category: Law of the Chain
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India investigates 400 Binance-linked accounts in tax evasion probe
India’s tax authorities are investigating 400 Binance-linked accounts for potential tax evasion, signaling increased regulatory scrutiny on cryptocurrency exchanges operating within the country.
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Kenya Parliament Passes VASP Bill Advancing Cryptocurrency Regulation
Kenya’s parliament passed the VASP bill establishing regulatory oversight for crypto assets, marking a pivotal step toward formalizing digital currency markets in East Africa.
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California becomes first state to protect unclaimed cryptocurrency from forced liquidation
California establishes precedent for digital asset protection by preventing forced liquidation of unclaimed cryptocurrency, signaling regulatory recognition of crypto as property.
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XRP ETF faces delay as expert confirms October filings are procedural
The delay clarifies that SEC 19b-4 filings are procedural steps, not final deadlines, indicating regulatory processes for XRP ETFs require further review and approval stages.
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Class action alleges Microsoft restricted AI supply to increase ChatGPT costs
The lawsuit claims Microsoft restricted AI infrastructure access to increase costs for competitors, potentially impacting AI market competition and development costs for companies like OpenAI.
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South Korea resumes review of Binance Gopax acquisition after two-year pause
South Korean regulators have restarted the stalled approval process for Binance’s Gopax acquisition, indicating potential regulatory progress for crypto exchanges in the market after prolonged delays.
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Crypto reform stalls in Washington as election politics take over
Legislative progress on cryptocurrency regulation halts due to election season priorities, delaying clarity for market participants and innovation timelines.
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California governor signs law protecting unclaimed cryptocurrency from forced liquidation
This legislation prevents forced liquidation of unclaimed cryptocurrency assets, establishing clearer property rights and regulatory frameworks for digital asset management in California.
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Kenya Parliament approves virtual asset legislation for cryptocurrency legitimacy
Kenya’s parliament approved virtual asset legislation to regulate cryptocurrency markets, enhancing investor protections and aligning with global financial standards for digital assets.
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Wazirx cleared by Singapore court and plans relaunch after filing order
The Singapore court clearance enables Wazirx to resume operations, restoring user access and reinforcing regulatory compliance in the cryptocurrency exchange sector.
