Tags : Legal

Regulation

IMF sounds ‘legal, economic’ alarms over El Salvador’s Bitcoin adoption

The International Monetary Fund (IMF), a global, intergovernmental economic and financial body, condemned El Salvador’s move to make Bitcoin an official ‘legal tender’ in the country citing economic and legal risks. “Adoption of Bitcoin as legal tender raises a number of macroeconomic, financial, and legal issues that require very careful analysis,” said Gerry Rice, an […]Read More

Regulation

Bitcoin is now ‘legal tender’ in El Salvador

A Bitcoin bill aiming to make the world’s cryptocurrency classified as ‘legal tender’ has been passed by the Congress in El Salvador today. El Salvador has officially passed the bill that makes bitcoin legal tender in the country. A historic day for humanity. — Pomp 🌪 (@APompliano) June 9, 2021 “I’ve just sent the #BitcoinLaw […]Read More

Bitcoin

Crypto community reacts to El Salvador becoming first country to

The decision was announced by the country’s President, Nayib Bukele, while speaking during a video broadcast at the Bitcoin 2021 conference held in Miami. “Next week, I will send to Congress a bill that will make Bitcoin a legal tender,” he was quoted saying. The President also revealed that the country had entered a partnership […]Read More

Regulation

U.S. courts deny SEC from viewing Ripple’s legal documents pertaining

The US Security and Exchange Commission´s (SEC) motion to access Ripple Labs´ legal communications regarding XRP‘s regulatory status was denied, a new filing shows. The appointed judge stated that the requested communications are protected by attorney-client privilege. Ripple caught a break The US SEC filed a complaint against Ripple last December, alleging that its sale […]Read More

Regulation

Ripple (XRP) likely to go public after its legal battle

The likelihood of Ripple, the company behind the XRP token and blockchain-based payments network RippleNet, to go public is “very high at some point”—but not before its legal battle with the U.S. Securities and Exchange Commission (SEC) is resolved, said the firm’s CEO Brad Garlinghouse. “The likelihood that Ripple is a public company is very […]Read More

Bitcoin

Crypto fund which says Craig Wright is Satoshi gives update

One fund says all evidence points to Craig Wright being the creator of Bitcoin. He is, in turn, suing payments giant Square and other influential Bitcoin and Bitcoin Cash businesses. BSV fund says fair game In a document shared with CryptoSlate today, crypto fund Unbounded Capital provided details on the ongoing legal battle between alleged […]Read More

Regulation

Crypto Trading is Now Legal in South Korea

South Korea’s parliament has officially recognized crypto trading as legal in the country. The move comes after two years of deliberations into how to develop concrete guidelines for cryptocurrencies. South Korea Legalizes Crypto Trading According to The News Asia, South Korea’s National Assembly passed an amendment to its Reporting and Use of Specific Financial Information […]Read More

Regulation

Crypto Now Legal In India? Not So Fast

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the brakes on India’s rapid embrace of cryptocurrency.  COURT RULING DOES NOT FULLY RESOLVE THE ISSUE The Economic Times of India has published an article outlining the details […]Read More