Category: Law of the Chain
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Turkmenistan Legalizes Cryptocurrency Under Strict State Controls
Turkmenistan legalizes cryptocurrency but imposes strict state controls, reflecting a cautious approach to digital assets amid global regulatory trends and potential economic implications.
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Senator Dave McCormick buys up to $150,000 in Bitwise Bitcoin ETF this week
The purchase by a U.S. senator signals growing political acceptance of spot Bitcoin ETFs, potentially influencing regulatory attitudes and legitimizing crypto assets for institutional investors.
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Ghana uses blockchain technology to crack down on gold smuggling operations
Ghana is leveraging blockchain technology to combat gold smuggling, aiming to enhance transparency and secure revenue in its vital mining sector.
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UK Government Proposes Tax Rule Change for Decentralized Finance Lending
The UK government is proposing a tax rule change to exempt crypto lending from capital gains tax, aiming to foster innovation and align DeFi with traditional finance principles.
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North Korea’s Lazarus group suspected in $30 million Upbit hack
The hack on a major South Korean exchange highlights persistent security vulnerabilities in crypto and the ongoing threat of state-sponsored cybercrime targeting digital assets.
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House Democrats Accuse Trump White House of Corrupt Cryptocurrency Startup Operation
House Democrats allege the Trump White House operated a corrupt crypto startup, highlighting political risks and regulatory scrutiny facing the cryptocurrency industry from government actors.
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South Korea expands Travel Rule regulations in anti-money laundering crackdown
South Korea’s expansion of the Travel Rule strengthens anti-money laundering efforts, increasing regulatory compliance requirements for crypto exchanges and aligning with global financial security standards.
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Bolivia integrates stablecoins into banking system and adopts them as legal tender
Bolivia’s move to integrate stablecoins as legal tender represents a significant shift in monetary policy, potentially increasing financial inclusion and challenging traditional banking models in emerging economies.
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Terra Founder Do Kwon Requests Five-Year Prison Term Ahead of Sentencing
The request for a five-year sentence for Do Kwon follows the collapse of Terra’s ecosystem, highlighting ongoing legal repercussions for crypto founders and market instability.
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South African Reserve Bank Flags Crypto and Stablecoins as Structural Risk
The South African Reserve Bank identifies crypto assets and stablecoins as a structural risk to financial stability, highlighting regulatory concerns over their integration into the traditional financial system.
