A top United Nations (UN) official said cryptocurrencies are making international efforts to combat terrorist financing, money laundering and cyber-crime “exceptionally difficult.” Neil Walsh, chief of the Cybercrime and Anti-Money Laundering arm of the UN’s Office on Drugs and Crime,…
Tag: Legal
Judge Recommends Ruling in Favor of Kleiman in Craig Wright Case
Craig Wright must turn over half of his bitcoin holdings and intellectual property to the estate of Dave Kleiman, a judge ruled Monday. The ruling applies to holdings and IP from before 2014. Magistrate Judge Bruce Reinhart recommended that plaintiffs…
Derivatives Drama: The Unintended Consequences of Crypto Regulation
Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors interested in…
SEC Clears Blockchain Gaming Startup to Sell ‘Quarters’ Tokens
The U.S. Securities and Exchange Commission has issued a no-action letter to Pocketful of Quarters (PoQ), a gaming startup looking to issue tokens on the ethereum blockchain. PoQ may legally sell its Quarters tokens to consumers without registering them as…
EU Authorities Shutdown On Bitcoin Transaction Mixer
The Dutch Financial Criminal Investigative Service has seized the website of a bitcoin transaction mixer in a crackdown involving Europol and other authorities. Calling it the the “first law enforcement action of its kind against such a cryptocurrency mixer service,”…
US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project
The U.S. Senate Banking Committee is clearly concerned about Facebook’s new cryptocurrency project and how it is treating individuals’ financial information. The banking committee wrote an open letter to Facebook founder and CEO Mark Zuckerberg Thursday, asking him to share…
Bitfinex: NYAG’s Order Is Hurting Our Customers and the Crypto Market
Bitfinex’s customers might suffer if it can’t access a line of credit from stablecoin issuer Tether, the exchange’s attorneys argued Sunday. In a new filing, attorneys Jason Weinstein and Charles Michael of Steptoe and Johnson, and David Miller and Zoe…
Tether Lawyer Admits Stablecoin Now 74 Percent Backed by Cash and Equivalents
The USDT stablecoin is only about 74 percent backed by fiat equivalents, says its issuer’s general counsel. Stuart Hoegner, who is general counsel to both Tether and Bitfinex, the controversial companies at the heart of cover-up allegations by the New…
CFTC Chair Giancarlo Hints at What’s Holding Back Bakkt’s Bitcoin Futures
The Takeaway Bakkt, the proposed bitcoin futures exchange, remains in regulatory limbo CFTC Chairman Christopher Giancarlo wouldn’t discuss specific proposals, but his general comments about crypto regulation offer hints at the reasons Bakkt is languishing Part of the problem appears…
The Hidden Effects of Crypto Money Laundering Rules
Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market with news and views on crypto infrastructure delivered…