Finnish Minister Calls for EU Law to Recognize DAOs
Brussels must act to enable smart contracts to take off across the bloc, communications minister Timo Harakka said. Source
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Law
Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert – Economics Bitcoin News
The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expert has reportedly said. Adebajo also suggested that the Central Bank of Nigeria governor Godwin Emefiele should be probed for his role
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El Salvador Approves Digital Assets Issuance Law – Regulation Bitcoin News
The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed thanks to the majority that President Nayib Bukele has in Congress, serves as a base for the issuance of the
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Lawyer explains new federal virtual asset law in the United Arab Emirates
The United Arab Emirates (UAE) Cabinet has decided to pass a new law that governs virtual assets, setting up the country's initial regulatory regime for the cryptocurrency space at the federal level. Before the federal-level regulation, the UAE already introduced several supervisory initiatives for digital assets in financial free zones like
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El Salvador Passes Law Paving Way for Bitcoin Bond Issuance
Lawmakers in El Salvador have greenlit a law that could facilitate the country’s long-standing Bitcoin bond initiative. El Salvador has taken a monumental step toward adopting and issuing the first-ever sovereign Bitcoin (BTC) bond. On Wednesday, Bloomberg reported that the Central American nation’s Congress recently approved a digital securities law potentially underpinning Bitcoin
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Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government – Regulation Bitcoin News
The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law to include some issues that were
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Silvergate hit with another class action suit, this time for securities law violations
A class-action suit was filed against Silvergate Capital, operator of the Silvergate Exchange Network and parent company of Silvergate Bank, in United States District Court of Southern California on Jan. 10. The suit was filed on the behalf of all purchasers of Silvergate securities between November 9, 2021, and January
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El Salvador Passes Law Paving the Way for 'Volcano Bond'
The digital asset bill in the Legislative Assembly obtained 62 votes in favor and 16 against. Source
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Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York – Bitcoin News
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met with federal prosecutors at an alleged proffer session held at the U.S. attorney’s
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NY law firm investigates potential ‘securities fraud’ at Core Scientific
A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices" which led to its stock price falling on several occasions. According to securities class action firm Pomerantz LLP, the investigation was prompted by
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