Tag: Legal

Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams

Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams Popular messaging app Kik is shutting down due to a Securities and Exchange Commission lawsuit regarding ICO activity for the company’s cryptocurrency, kin. Ted Livingston, Founder and CEO of Kik and Kin, denies the allegations and maintains that the […]

Consensys Inner Conflicts Spark Legal Action Against Founder

Consensys Inner Conflicts Spark Legal Action Against Founder Ethereum cofounder Joseph Lubin was recently summoned to court in New York when a former employee initiated a lawsuit for more than $ 13 million. According to the summons stemming from former Token Foundry CEO, Harrison Hines, relief was being sought for […]

Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal

Just Because Cryptocurrency Isn’t ‘Legal Tender’ Doesn’t Make It Illegal Central bank warnings about crypto assets may give the impression that cryptocurrency is illegal, especially since these entities often cite reasons as to why they’re uncomfortable with virtual currencies encroaching on their turf. But their assertions are often inaccurate, particularly […]

Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry

Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. The newly created “legal lab” will also represent blockchain businesses […]

Venezuela Approves Law Granting Legal Effect to the Petro

Venezuela Approves Law Granting Legal Effect to the Petro A government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital […]