Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
Crypto Law Articles
Terraform Labs may close products, services in bankruptcy wind-down
Terraform Labs plans to shut down several services by Oct. 30 unless third parties step in, following a wind-down after its SEC settlement in June.
Financial institutions are experimenting with Bitcoin-backed lending — Ledn
Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending.
UAE’s central bank approves custodial risk insurance product for digital assets
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.
Hawaii emerging as crypto hub following new crypto regulations
The Aloha state’s new regulations already attracted some notable Web3 firms, including Coinbase, Metamask, Transak, BitPay and Trust Wallet.
Judge says CFTC exceeded its authority halting Kalshi election bets
According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful.
Crypto is used for payments in Georgia, not to get rich: Tbilisi Crypto City Guide
The capital city of the country of Georgia boasts a small but vibrant crypto community that aims to put the country on the map.
Anchorage Digital Bank, Bitgo join Coinbase to custody 21Shares crypto ETFs
The move diversifies spot crypto ETF custodians beyond Coinbase, which has dominated crypto custody for US issuers.
Uniswap CEO denies allegations of charging for protocol deployments
The response comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment.
Caroline Ellison asks for time served, citing cooperation with US gov’t
The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022.
UK gov’t introduces bill to clarify crypto’s legal status
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.”
Ex-Alameda CEO was trying to prevent ‘AI disaster’ — former FTX employee
Caroline Ellison’s ex-boyfriend, Sam Bankman-Fried, was sentenced to 25 behind bars for his role in the collapse of the FTX exchange.