Tag: law

Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator. The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country. The…

Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning. As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away the most popular governance…

Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO. Head chef of Japan-based decentralized autonomous organization (DAO), Sushi, Jared Grey and his counsel stated that as far as they…

From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free. Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical…

The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits. Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators….

We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked. Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…