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Legal


A draft proposal by the European Parliament’s Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs), according to a document published Friday. Ashley Fox, a Member of the European Parliament (MEP) representing the United Kingdom, wrote a draft report on proposed regulations for Europe’s crowdfunding platform operators and companies. …

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Marvel is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation of Wakanda from the Black Panther film. The comic book giant’s subsidiary, Marvel Characters, filed for extensions with the U.S. Patent and Trademark Office to receive more time before deciding whether it will oppose the …

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A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand that drew public attention due to the alleged involvement of a Thai film actor. According to a media report from Bangkok Post on Monday, a group of Thai people approached and solicited Finnish businessman Aarni Otava Saarimaa in …

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More than 170,000 devices in Brazil were targeted in a cryptojacking attack last month. According to a blog post published by security firm Trustwave, a wide-scale cyberattack was launched on MicroTik routers late last month. The effort led to the installation of the Coinhive mining software in a “mass” infection of more than 17,000 devices. Trustwave security researcher …

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“Regulators would be wise to avoid the chainsaw when microsurgery could do” when it comes to blockchain technology, says author Don Tapscott. Tapscott, the co-founder and executive director of the Blockchain Research Institute (BRI) – a multi-million dollar global blockchain think tank – published a report Wednesday calling for increased regulatory clarity on blockchain and cryptocurrencies. …

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Thailand’s new licensing system for firms working with digital assets has seen a flurry of applications from companies seeking to offer token sales and exchange services just weeks after it went into effect, an official has said. In a news report from Bangkok Post on Thursday, Rapee Sucharitakul, the secretary-general of the Thailand Securities and …

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Thailand’s new licensing rule that governs initial coin offerings (ICOs) has gained interests from companies setting out to offer token sales and exchange services just weeks after the rule went into effect, official said. In a news report from Bangkok Post on Thursday, Rapee Sucharitakul, the secretary-general of the Thailand Securities and Exchange Commission (SEC), …

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The U.S. Securities and Exchange Commission (SEC) is set to make final decisions on nine proposed bitcoin exchange-traded fund (ETF) in the next two months. As first reported Tuesday by CoinDesk, the U.S. Securities and Exchange Commission (SEC) delayed a decision on a proposed rule change from the Cboe BZX Exchange that, if approved, would allow for …

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A federal court judge in California has blocked a move that sought to dismiss a class action lawsuit alleging that the initial coin offering (ICO) conducted by the Tezos Foundation violated securities laws in the U.S. The decision came Tuesday, as District Judge Richard Seeborg denied the motion filed by the Tezos Foundation and the …

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Criminals were behind roughly 90 percent of all bitcoin transactions five years ago – a figure that has now declined to 10 percent. That’s according to Lilita Infante, a special agent from the U.S. Drug Enforcement Administration who spoke to Bloomberg about changing trends in the relationship between the cryptocurrency and criminal activity. “The volume has grown …

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Ohio has become the latest U.S. state to legally recognize data stored and transacted on blockchain. The news comes after lawmakers from the state introduced a bill in May that sought to treat blockchain data and smart contracts as electronic records in a bid to provide safe harbor for the emerging technology. Part of the wording …

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Jonathan M. Padilla is a Schwarzman Scholar at Tsinghua University where he wrote the dissertation “New Regulations for the New Economy: A Proposal for the G20 on the Regulation of Cryptocurrency,” from which this article was adapted. He has advised major e-commerce and natural resource companies on blockchain integration and has a background in government …

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Long Blockchain, the beverage maker that made headlines last year when its stock surged following a pivot to blockchain and a related name-change, has been subpoenaed by the U.S. Securities and Exchange Commission (SEC). An 8-K form submitted by Long Blockchain to the SEC on July 26 and revealed on Wednesday shows that the firm …

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A former bitcoin trader and crypto exchange operator from the U.S. state of Arizona, has been sentenced to 41 months in jail, according to court documents. The sentencing was announced by the Department of Justice on Wednesday, after a federal jury convicted Thomas Mario Costanzo on five charges of money laundering on March 28. The sentence …

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The Philippines is close to introducing new regulations governing how companies can legally raise funds through initial coin offerings (ICOs). To that end, the country’s Securities and Exchange Commission (SEC) published draft rules governing ICOs on Thursday, and is now seeking public feedback before they can go into effect. The regulations notably assume that tokens issued …

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Blockchain economics and governance design startup Prysm Group has added Nobel Prize laureate Oliver Hart and former Microsoft chief economist Preston McAfee to its senior advisory board. Prysm assists blockchain startups by providing “counsel in the complex economic fields of contract theory, market design, game theory and social choice. McAfee told CoinDesk that he was “excited” …

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A newly released transcript from a Securities and Exchange Commission (SEC) roundtable in June showcased the sometimes passionate discussion around cryptocurrencies within the agency. At the start of the June 4 roundtable on conduct standards for investment professionals, according to the transcript, SEC official Eric Werner introduced Jay Clayton, who currently serves as chairman of …

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Regulators like the Securities and Exchange Commission shouldn’t be acting as gatekeepers to new technologies like bitcoin, according to Commissioner Hester Peirce. Peirce’s remarks, made during an interview with CoinDesk, follow the agency’s decision to confirm the 2017 rejection of a bitcoin-tied exchange-traded fund backed by Cameron and Tyler Winklevoss, which reinforced the argument made …

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Another county in the U.S. state of Washington has blocked new utility applications from cryptocurrency mining outfits due to concerns over spiking energy demands. According to a local news source on Sunday, commissioners from the Franklin County Public Utility District (PUD) ordered the temporary moratorium to make time for a study on the effects of …

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A Dubai-based international court dealing with civil and commercial disputes in the financial industry is planning to launch what it calls a “Court of the Blockchain” to streamline legal operations. The Dubai International Financial Center (DIFC) Courts announced on Monday that it is teaming up with the government-backed Smart Dubai initiative to form a task …

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