Regulators in developed countries are paying increasing attention to the cryptocurrency industry. At the dawn of the digital age, the authorities cannot effectively regulate the fast-growing market due to the lack of clear legislation that requires time and jurisprudence skills. The legal struggle between the authorities and the crypto world has b

The story of the collapse of FTX took a central place in all crypto media, and the chronology and reasons were discussed on various sides, including the details of the personal life of the participants. At the same time, it seems more important to reflect on what is happening and take measures that in the future will prevent or reduce the likeliho

Lawyers are already actively participating in the legal formation of digital assets, and states are striving to take control of the new technology through crypto regulation and the introduction of new laws. In this material, we will talk about high-profile lawsuits and legal disputes in the cryptocurrency world. 1. The Largest Lawsuit in Cryptoc

All transactions in the network of Bitcoin and many other cryptocurrencies are recorded in the blockchain, so this system is as transparent and public as possible. But at the same time, such transparency is a significant drawback for cryptocurrency holders who want to remain completely anonymous. Bitcoin addresses (to a certain extent) can be tr

On September 14, 2021, the U.S. Securities and Exchange Commission (SEC) published a document stating its meetings with representatives of SBI Holdings, FinHub, and CME Group. According to this document published by the SEC in the framework of the case against Ripple, representatives of SBI Holdings (Ripple's main partner) and other companies hel

On the last day of June 2022, the European Union agreed on the main provisions of the law that will regulate the crypto industry. The bill was called Markets in Crypto-Assets, or MiCA. In short, the EU authorities want to oblige all crypto exchanges to provide personal data of customers, including information about transactions. Of course, many us

The growth of the cryptocurrency market fuels the interest of society and business in the industry and does not allow states to stay on the sidelines. Dozens of countries are developing their digital currencies , and some of them will be launched as early as 2022. In this article, we will help you understand what digital currencies issued by the

On April 21, Binance released an official statement according to which it will restrict access to its services for users who live in Russia and have assets worth more than $10 thousand. Such clients will no longer be able to deposit additional funds to their accounts or trade on the exchange. They will only be able to withdraw funds. In March,

Financial censorship or cutting off access to the global banking system is one of the most powerful tools that government has to punish their enemies. Whether financial censorship is used for the good cause or not the question is — does a global decentralized monetary system takes this weapon away from authorities? Tendencies For now, a govern

More and more countries are beginning to adhere to the norms of KYC and AML, which have already entered ‌force in the European Union and the US. According to them, financial institutions must know their client (KYC) and resist money laundering, scams , and hacking. According to KYC, these databases are checked against various law enforcement a

For the past few weeks, the crypto world has been abuzz with the news of El Salvador’s official adoption of Bitcoin as legal tender. But why is it such a big deal? Let’s review the regulatory situations concerning digital money, look at why cryptocurrencies are special among them, and in the process find out what makes El Salvador’s case so u

The modern world is increasingly striving to remove anonymity from cryptocurrency circulation. Client identification is a big problem for blockchain companies today. The KYC / AML rules, offering their solution to the problem of identification, ensure the acceptance of cryptocurrencies in society, but on the other hand, they cause a conflict bet