July 3, 2020 Law Decoded: Independence Day Sees Challenges to Privacy, Property and Security, June 26–July 3 Bitcoin isn’t property under new Russian ruling while authorities in the U.S. and the EU challenge encrypted networks in this week’s Law Decoded. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s…
July 3, 2020 Russia to Reportedly Investigate an Allegedly Fraudulent TON Offering in UK Russian prosecutors are reportedly investigating a British firm that allegedly sold fraudulent Gram tokens. Shortly after lifting the country’s Telegram ban, Russian authorities began investigating potentially fraudulent offerings involving the company’s unlaunched token, Gram.…
July 3, 2020 Ripple Likely Sold XRP in an Unregistered Securities Offering The former CFTC chair’s analysis stating that Ripple’s XRP is not a security might be wrong. In recent months, a number of class-action lawsuits have been filed against Ripple for selling its XRP token in an unregistered securities offering.…
July 3, 2020 Chinese Supply Chain Innovator to Develop Blockchain System for SMEs The Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country. Binance’s new blockchain research institute in China has forged a strategic partnership with a state-level supply chain innovator to jointly develop digital infrastructure for small and medium enterprises (SMEs) in the country. …
July 2, 2020 IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains. The United States’ Internal Revenue Service (IRS) is seeking information and tools to help it trace transactions using privacy coins, layer two protocols such as Lightning Network and side chains like Plasma and OmiseGo (OMG).A…
July 1, 2020 Kazakh Gov Plans to Double Its Investment in Digital Currency Mining Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC. Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at "2020 Astana Online Financial Day".…
July 1, 2020 US Investor Backs up Telegram’s Claim of Completing $1.2B Refund Documents shared with Cointelegraph confirm that Telegram refunded some American TON investors 72% of their investments about a month ago. Telegram, the creator of the failed Gram (GRM) token and the Telegram Open Network, or TON, was well into investor reimbursement weeks before a court in the United States ruled that the firm had to return $1.2…
July 1, 2020 Russia: Bitcoin Activity Rising Despite Strict Law Proposals As Russia draws up new strict cryptocurrency legislation, P2P Bitcoin exchanges and crypto trades in the country rise significantly. A branch of the Russian federal government has recently published a draft of new litigation called “On Digital Financial Assets,” which is focused on enforcing strict cryptocurrency laws in the country.…
July 1, 2020 Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan China’s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national hub for blockchain tech.According…
July 1, 2020 Stefan Molyneux Gets $100K in Crypto Donations After YouTube Ban White supremacist Stefan Molyneux received roughly $100,000 in donations following the removal of his YouTube channel. Online supporters have donated nearly $100,000 in cryptocurrency to white supremacist and alt-right activist Stefan Molyneux following his removal from YouTube for “fomenting violence and hatred.”After…
June 30, 2020 China Highlights Blockchain in Pandemic Preparedness Strategy China is looking into the use of blockchain technology to promote data sharing among medical institutions amid future pandemics. Chinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response. …
June 29, 2020 Switzerland Won’t Amend Tax Law in Regard to Blockchain in Near Future Switzerland does not need to amend its current tax legislation to cover blockchain-based arrangements, the Federal Council believes. Switzerland’s existing tax law is applicable to developments in the blockchain industry, the Swiss Federal Council said.According…
