Law

Direct Democracy Party to Solve Issues With Crypto Rights in Russia

</header> <strong>A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. </strong> Also read: Eastern Europe Sees More Fiat Options …

Direct Democracy Party to Solve Issues With Crypto Rights in Russia Read More »

The Race to Lead 3 Class-Action Suits Against IFinex Over 2017 BTC Bull Run Is On

One legal team looks to lead the three ongoing suits against IFinex alleging that illegal conduct involving iFinex’s subsidiaries Tether and Bitfinex was behind Bitcoin’s (BTC) 2017 bull run. Per a Jan. 13 filing with the court of the Southern District of New York (SDNY), the counsel for Eric Young, Adam Kurtz and David Crystal …

The Race to Lead 3 Class-Action Suits Against IFinex Over 2017 BTC Bull Run Is On Read More »

Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization

New York lawmakers proposed a bill on a peer-to-peer (P2P) savings and payment platform called the “New York Inclusive Value Ledger.” Introduced by New York State Assembly legislator Ron Kim and Senator Julia Salazar, the bill proposes to set up the “empire state inclusive value ledger establishment and administration act” that would create a system …

Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization Read More »

Former Mt Gox CEO Mark Karpeles Seeks to Put Longstanding Lawsuit to Rest

Mark Karpeles, the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox, is seeking to put an end to litigation filed by a former exchange user back in 2014.  In papers filed in a Chicago federal court on Jan. 8, Karpeles contended that he is entitled to summary judgment as the main plaintiff in …

Former Mt Gox CEO Mark Karpeles Seeks to Put Longstanding Lawsuit to Rest Read More »

US Citizen Indicted for Narcotics Distribution in Exchange for Bitcoin

A United States citizen has been charged with heroin and methamphetamine distribution in exchange for Bitcoin (BTC). According to a Jan. 3 press release published by the U.S. Attorney’s Office for the Eastern District of New York, Joanna De Alba allegedly promoted and sold illegal narcotics on a dark web marketplace dubbed the “Wall Street …

US Citizen Indicted for Narcotics Distribution in Exchange for Bitcoin Read More »

Government Confirms Crypto Profits Not Taxable in South Korea

</header> <strong>South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends</strong><strong> and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency.</strong> Also read: Regulatory …

Government Confirms Crypto Profits Not Taxable in South Korea Read More »

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

</header> <strong>The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. </strong> Also read: Poles Hit With Backdated Tax on Crypto Trades …

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb Read More »

SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With Cointelegraph

As one of five commissioners of the United States Securities Exchange Commission, Hester Peirce is at the forefront of securities regulation in the country today. Of interest to Cointelegraph’s readers, her positivity toward the future of cryptocurrencies has earned her the moniker “Crypto Mom.” Backdropped by recent efforts to update exemptions from security offering registration, …

SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With Cointelegraph Read More »

Five Countries Where Crypto Regulation Changed the Most in 2019

One of the impediments to the adoption of blockchain and crypto technologies in the world are the regulations governing their introduction into the world of business. The constantly changing nature of the legal framework and the fear of being caught up in legal disputes with regulatory authorities, especially the tax ones, is forcing most small- …

Five Countries Where Crypto Regulation Changed the Most in 2019 Read More »

Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property

</header> <strong>A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto incomes and profits is one such example. Russia has just provided another one …

Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property Read More »