Wednesday, September 23, 2020
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Privacy coins don’t conflict with Anti-Money Laundering laws

Privacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm.Perkins Coie, a Seattle-based international law firm, published a report devoted to the AML regulation of privacy coins on Sept. 15. In the report, Perkins Coie aims to dispel the purported misconception

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Leaked EU Draft Proposes All-Encompassing Laws for Crypto Assets

A leaked version of rules to be issued later this month by the European Commission proposes an all-encompassing set of regulations covering the trading or issuance of digital assets across the 27-nation bloc.  Europe’s Markets in Crypto-Assets (MiCA) draft legislation provides legal certainty around crypto assets – cryptocurrencies, security tokens and

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South Korean Economist Warns New Tax Laws May Slow Down Crypto Market Growth

The South Korean government recently announced their intention to impose a tax on cryptocurrency, leading to backlash. Korean Yonsei University economist, Sung Tae-yoon, warned that the decision to tax crypto capital gains may slow the technology’s emerging market, according to Koreatimes on June 21. Sung said that taxing the crypto market

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Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar

[sociallocker id="55298"] Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking

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Blockchains and Antitrust Laws Share the Same Objective, Says Vitalik Buterin

In a recently published paper, Ethereum cofounder Vitalik Buterin along with Harvard faculty Thibault Schrepel argued that blockchain is positioned to help antitrust laws in areas where regulations are difficult to apply and enforce.The paper, dubbed Blockchain Code as Antitrust, explains that blockchains can aid antitrust laws by increasing decentralization

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Guide Highlights Patchwork of Crypto Tax Laws in Latin America

Research from Latin American crypto exchange Buda has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in the region.Buda has provided a series of tax guidelines outlining measures crypto traders should take into consideration when looking to comply with the authorities in Chile, Colombia, Peru,

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Ripple Hit with Another Lawsuit Alleging XRP Security Laws Violations

Attorneys for a company called Bitcoin Manipulation Abatement LLC have filed a lawsuit in a U.S. federal district court alleging Ripple misled investors and sold XRP as an unregistered security in violation of federal law. According to court documents filed May 1, the mysterious entity with little online presence accused Ripple

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