Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF

The Ukrainian government approves the final version of a money laundering law that will handle virtual assets and virtual asset service providers per FATF guidelines.

The Ukranian government has approved the final version of a money laundering law that will handle virtual assets and virtual asset service providers (VASPs) per FATF guidelines. Read more

Kazakhstan Won’t Tax Cryptocurrency Mining: Report

Crypto mining is “purely technological progress,” a legislative analyst at a blockchain association in Kazakhstan says.

Kazakhstan’s lawmakers won’t be taxing cryptocurrency mining until the mined crypto is exchanged for fiat money. According to a legislative analyst at a local blockchain association, cryptocurrency mining will not be treated as entrepreneurial activity but rather a “purely technological progress,” local business publication Kursiv reports Dec. 4. Read more

Plaintiffs in Tether-Bitcoin Price Manipulation Case Will Not Drop Complaint

The plaintiffs in a class-action lawsuit accusing Bitfinex of Bitcoin price manipulation have declined to amend their complaint after a court inquiry.

The plaintiffs in a class-action lawsuit accusing the Tether (USDT)-affiliated crypto exchange Bitfinex of Bitcoin (BTC) price manipulation have declined to amend their complaint. Read more

Former Charlie Shrem Attorney to Represent Arrested Ethereum Dev

Renowned trial attorney Brian Klein will represent Virgil Griffith, the developer recently arrested for participating in a blockchain conference in North Korea.

Renowned trial attorney Brian Klein has revealed he will represent Virgil Griffith, the developer recently arrested for participating in a blockchain conference in North Korea. Read more

Vitalik Buterin Supports Petition to Free Arrested Blockchain Dev

Ethereum co-founder Vitalik Buterin has declared his solidarity with Virgil Griffith, the U.S. citizen arrested for his blockchain educational activities in North Korea.

Ethereum (ETH) co-founder Vitalik Buterin has declared his solidarity with Virgil Griffith, the American citizen arrested for his blockchain educational activities in North Korea. Read more

US Lawmakers Want to Brand Libra a Security, Association Disagrees

Libra could face even more stringent requirements as U.S. lawmakers introduce a bill seeking to classify stablecoins as securities.

A couple of United States lawmakers are looking to classify stablecoins as securities. With Libra considering adopting fiat-pegged stablecoins rather than a single token supported by a basket of national currencies, the proposed crypto project might be facing yet another regulatory hurdle. Read more