Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
Crypto wallet provider Nunchuk tweeted that it had been ordered to release information and freeze assets but cannot comply with the court order as it is unable to do so "by design."
The plaintiff has accused the NFT marketplace of "negligence" and "breach of fiduciary duty."
Let the private sector come up with a solution to the CBDC dilemma. Maybe you heard it before, but the U.S. already has a, or rather several, digital dollars. They’re called stablecoins, and all the U.S. government basically has to do, to leapfrog China, is to say okay.
The compliance solution is expected to add more participants and grow internationally, according to the announcement.
In an attempt to block funding of the Freedom Convoy protest in Canada, the Canadian police RCMP have sent letters to crypto exchanges effectively ordering them to stop donations to the protesters.
The Canadian government has invoked the Emergencies Act to expands its anti-money laundering and terrorist financing rules to cover cryptocurrencies and crowdfuding as a counter measure against the "Freedom Convoy" protests.
BlockFi has agreed to pay a $100 million fine and also stop creating new accounts for US residents.
While the Chinese digital yuan is being rolled out during the Beijing Winter Olympics, the European Union is now planning to propose a bill for a digital euro early next year.
Tennessee’s bill follows other move by states in the United States to adopt a friendly approach towards crypto.
