Category: Law of the Chain
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Nauru Appoints Australian Brian Phelps as CEO of New Virtual Asset Authority – News Bytes Bitcoin News
Nauru appoints Australian banking executive Brian Phelps as CEO of its new Virtual Asset Authority (CRVAA) to regulate cryptocurrencies following recent legislation.
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Just-In: Ripple Debuts EU Expansion for RLUSD Stablecoin Via Luxembourg
Ripple expands RLUSD stablecoin into Europe via Luxembourg, aiming for MiCA compliance. The move leverages Luxembourg’s banking ecosystem and includes an EMI license application for broader EEA access.
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LA sheriff deputies admit to helping crypto ‘Godfather’ extort victims
Two LA sheriff deputies admitted to aiding a crypto criminal known as ‘The Godfather’ by using their law enforcement powers to extort victims, including unlawful search warrants and threats.
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U.S. Turns to Stablecoins to Bolster Dollar’s Global Dominance: Sygnum – “The Defiant”
The U.S. is leveraging dollar-backed stablecoins to counter de-dollarization trends, as the dollar faces its worst H1 performance since 1973. Sygnum reports stablecoins may help maintain global dollar dominance amid rising alternatives.
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Bitcoin Trading at Centre of High-Profile New Zealand Homicide Case – Decrypt
A New Zealand woman accused of murdering her mother allegedly faked crypto profits, losing $40,000 in Bitcoin trades while scamming family for funds, with blockchain forensics tracing her activity.
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One LA Sheriff’s Deputy Charged, Another Pleads Guilty in Crypto ‘Godfather’ Case – Decrypt
Two LA sheriff’s deputies involved in a corruption ring with crypto entrepreneur Adam Iza pleaded guilty to abusing their roles, staging fake raids, and extorting victims, including a $25,000 armed confrontation.
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CoinDCX Refutes WazirX: User Crypto Never Moved Abroad
CoinDCX CEO denies WazirX’s claim that user crypto funds were moved to Lithuania, stating they were always held by FIU-registered Neblio Technologies in compliance with Indian laws.
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US Fed Agencies Release Crypto ‘Safekeeping’ Statement
Three US Fed agencies issued a joint statement reminding banks offering crypto custody to follow risk-management practices, emphasizing compliance with existing laws and regulations.
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The future of crypto payments: Why infrastructure, not hype, will define the next wave of the industry
The article discusses the shift in crypto payments from hype to infrastructure, emphasizing trust, compliance, and UX as key for mass adoption and industry growth.
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Kazakhstan to Move Reserve Wealth Into Crypto
Kazakhstan plans to invest part of its national reserves and National Fund assets into crypto, following global sovereign fund trends, aiming for higher returns despite increased risk.
