Tag Archives: Law

Blockchain Research Now Granted Tax Credit in South Korea

South Korea’s government has added blockchain to the fields of research and development eligible for a tax credit meant to boost innovation, English-language local media TheNews.Asia reports on Jan. 8. The local Ministry of Strategy and Finance announced the proposed changes to the enforcement decree of last year’s tax law, which will be enforced in February. The proposed… Read More »

Security Token Offerings: A Way Past the SEC’s Incomplete Crypto Guidance?

Chi-Ru Jou is a partner in the Blockchain Technology & Digital Currency Group of CKR Law LLP, a global law firm with approximately fifty offices worldwide and more than forty attorneys contributing to the blockchain group. The views offered in this article are her own only. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. 2018… Read More »

Two US Law Firms File Class Action Against Altcoin Nano and Exchange BitGrail

Two United States law firms have filed a lawsuit against the developers of altcoin Nano (NANO) as well as Italian cryptocurrency exchange BitGrail, according to a notice published Jan. 7. Crypto-focused law firm Silver Miller and securities law firm Levi & Korsinsky have filed a class action lawsuit representing James Fabian — “and on behalf of all other… Read More »

Crypto Exchange Kraken Says US Subpoenas Becoming ‘Barrier to Entry’

San Francisco-based cryptocurrency exchange Kraken has said that the cost of handling government subpoenas is fast becoming a “barrier to entry” in the U.S. On Saturday, the exchange tweeted an infographic from its “2018 Transparency Report,” indicating that the law enforcement and other inquiries it has received from various government agencies around the world have almost tripled year… Read More »

Colorado Considers Bill Giving Cryptocurrencies Limited Exemptions From Securities Laws

A new bill to exempt cryptocurrencies from some securities laws is currently under consideration by the Colorado Senate, documents released on Jan. 4 confirm. A bipartisan effort sponsored at Senate level by Republican Jack Tate and Democrat Steve Fenberg, the “Colorado Digital Token Act” aims to offer limited extra freedoms for cryptocurrencies and traders. The move comes as… Read More »

Law Enforcement Inquiries Sent to Kraken Nearly Tripled in 2018

Cryptocurrency exchange Kraken has received nearly three times more law enforcement inquiries in 2018 than in 2017, the exhange reported in a tweet Jan. 5. According to data displayed in the weet, in 2018 the exchange received 475 law enforcement inquiries from global government agencies, while in 2017 there had been only 160. Still, 2017 numbers were already… Read More »

7 Legal Questions That Will Define Blockchain in 2019

Jenny Leung is an Australian attorney (New York Bar admission pending) who will be starting as a blockchain attorney at Blakemore Fallon in 2019. Formerly, she was an attorney at the Australian Securities and Investments Commission (ASIC) and a privacy consultant at PwC. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  7. Will the SEC… Read More »

Indian Police Warn Public Against Investing in Cryptocurrencies

The police of the Indian state of Jammu and Kashmir have issued a public statement, warning the public against investing in cryptocurrencies, local business news daily the Business Standard reported on Jan. 2. Police reportedly warned the public against the “heightened risk” of investments like Bitcoin (BTC) and reminded investors that cryptocurrencies are not sanctioned by the government.… Read More »

South African Government Establishes Crypto Assets Regulatory Working Group

A crypto assets regulatory working group dedicated to crypto and blockchain has been established by the South African (SA) government. English-language local news outlet BusinessLive reported on the development on Jan. 2. Tito Mboweni — the South African finance minister — declared: “It is anticipated that, following broad industry comment and participation, the crypto assets regulatory working group… Read More »