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Crypto amplified financial risks in emerging markets: BIS papers

Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).On Aug. 22, the Consultative Group of Directors of Financial Stability (CGDFS) released a new report on cryptocurrencies, titled

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Shaquille O’Neal claims process servers ‘tossed’ FTX legal papers at his moving car

Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts.In a May 8 filing for United States District Court in the Southern District of Florida, Shaq’s legal team said following “a failed motion

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FSB, IMF and BIS papers to set global crypto framework, says G20

The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies of the world, collectively known as G20. According to a

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Proof of Stake Alliance publishes white papers on legal aspects of liquidity staking

The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives of over 10 industry groups.Liquid staking is the practice on blockchains using

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SBF signs extradition papers, set to return to face charges in the US

Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange has reportedly signed papers on Dec. 20 waiving his extradition hearing in the Bahamasand see him flown to the United States to face multiple criminal charges.A hearing in the Bahamas Supreme Court was set for Dec. 21 regarding the matter.

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Singapore court issues ‘huge’ NFT decision, allows papers to be served via blockchain

The Singapore High Court on Friday issued what some lawyers are describing as a “huge decision” in affirming the court’s jurisdiction over a case involving a non-fungible token (NFT), despite the borderless and decentralized nature of blockchain networks that host NFTs.The case involves a plaintiff who used a Bored Ape

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