Cryptocurrency Analysis and News Portal
Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method within the country.In a Dec. 22 publication of the official journal of the federal government of Brazil, Bolsonaro’s office said
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More than one million creditors of failed crypto exchange FTX have been waiting to be made whole since before the firm’s bankruptcy filing on Nov. 11, but according to one expert, recipients of donations and contributions may have a legal means of returning the funds directly to investors and customers. Louise
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Companies in the sector will have 180 days to adapt to the new rules. Original Source
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"They can be contacted," said Sarkessian, a U.S Department of Justice (DoJ) official charged with overseeing bankruptcy cases, of the lawyers that were yet to be appointed. "They do not represent you [the creditors] personally. They may be able to provide some help though, and they may even create their
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After a series of high profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money. Original Source
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Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central Bank of Nigeria (CBN) is
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Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation.The FTX drama escalated last week when the Royal Bahamas Police Force arrested its former CEO, Sam Bankman-Fried, at the request of the United States government. Within hours, politicians, crypto executives and influencers had
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If the suggested regulation efficiently solves the increasing Bitcoin use in the country, it possesses the power to catalyze the economy of Africa’s most populated country.According to a native Nigerian newspaper, the chairman of the House of Representatives Committee on Capital Markets and Institutions of Nigeria, Babangida Ibrahim has announced
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2022, however, flipped this script. Today, DAOs have the option to engage with authorities and legal systems, and several jurisdictions now recognize the newest evolution of human organization. Wyoming and Tennessee in the United States and the Republic of the Marshall Islands have all created DAO LLCs, which are highly
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The non-U.S. FTX customers, led by Eversheds Sutherland attorneys Sarah Paul and Erin Broderick, had already formed the first FTX ad hoc group, and as an official committee, would be granted additional consultation and approval rights within the Chapter 11 case, including being entitled to payment of professional fees by
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