Lending
Crypto Lending: BlockFi to pay $100 million fine to SEC
BlockFi has agreed to pay a $100 million fine and also stop creating new accounts for US residents.
Oluwapelumi Adejumo 2 min read
Legal News
Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
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CBDCs
Digital euro bill set to come in early 2023
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.
Adoption
New Tennessee bill wants the state to invest in Bitcoin and NFTs
Tennessee’s bill follows other move by states in the United States to adopt a friendly approach towards crypto.
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NFTs
Larva Labs forces OpenSea to delist CryptoPunks V1 NFTs
Waving a DMCA notice, Larva Labs, creators of the famous CryptoPunks NFT collection, has forced NFT marketplace OpenSea to delist the deprecated V1 version of the CryptoPunks collection.
Regulation
“Transitory” U.S. inflation hits 7.5% in January, 40 year high
Reported by the U.S. Bureau of Labor Statistics, the U.S. inflation rate rose to 7.5% in January, hitting levels not seen in 40 years. Anything but “transitory”, the U.S. inflation rate has been on a steady rise since spring 2020.
Taxes
IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else
The IRS may be backing down from a law suite around tax refund for block rewards, but this does not mean the rules have changed, as reported by other media outlets. Lawyers say the IRS may continue to tax rewards as income.
Regulation
U.S. debt hits $30 trillion, brrrrr…
According to Treasury Department data published Tuesday, the national debt of The U.S. surpassed $30 trillion for the first time. Since January 2020, the U.S. has printed 80% of all U.S. dollars in existence.
Stablecoins
USDC blacklist cost users an extra $3.6 million – per month
Checking against the internal record of blacklisted addresses cost USDC users millions of dollars each month. This makes the stablecoin USDC around 40% more expensive to use than the decentralized stablecoin DAI.
Regulation
EU seeks to develop a government DNS resolver, block “illegal content”
The European Commission has published a proposal outlining a European DNS service that could, in the worst case, deny EU citizens from using crypto services. The proposal proposes to protect the privacy of end-users and filter malicious content.
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Analysis
Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report
Regulation
Telegram founder voices discontent about proposed Russian crypto ban
Regulation
Singapore prohibits crypto firms from advertising publicly
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