Coinme’s Post

🔨 Binance Hit with $4.3B Deal – Fair Justice? 🤔 Binance just agreed to a massive $4.3 billion settlement. Discover why this is a game-changer for crypto regulation! The deal includes a unique twist: a 5-year watchdog scheme. Could this shape the future of crypto compliance? With crypto's rising prominence, this settlement emphasizes the crucial need for legal adherence in the industry. Read more below: #recruitment #crypto #blockchain #web3

Coinbase faces a class action lawsuit alleging securities misrepresentation, with plaintiffs accusing the exchange of selling digital assets that may be deemed securities. The lawsuit underscores the complex regulatory landscape of the cryptocurrency industry and its implications for digital asset sales in the United States. https://lnkd.in/e324tujx #Coinbase #CryptocurrencyExchange #ClassActionLawsuit #SecuritiesMisrepresentation #LegalBattle #RegulatoryScrutiny

Satoshi Identity Dispute COPA v Craig Wright – Why It Matters When it comes to #legal tussles over #assets, one area that presents #challenges is the fast-changing field of #digitalassets, for example #nonfungibletokens and #cryptocurrencies such as #bitcoin – entities based on #blockchaintechnology. A sign of how fast and far this technology is moving is that it has now entered the field of #legaldispute and ideas on how to resolve problems in the sphere. The author of this article is Chris Recker, senior associate in the dispute resolution team at law firm Kingsley Napley. Recker specialises in digital asset disputes and recovery. https://lnkd.in/e4M6FmYZ Tom Burroughes Philip Harris Stephen Harris Amanda Cheesley Rachel Fokes Theodora Viney

Ripple Initiates Large XRP Transactions Post Legal Setback https://lnkd.in/d8WXtc7Y #News #Ripple #crypto #Bitcoin #Bithomp #moneytransmitterlicenses #MTLs #news #OliverSegovia #Ripple #RippleLabs #SEC #SecuritiesandExchangeCommission #SouthernUSDistrictCourtofNewYork #xrp #XRPUSD #xrpusdt

What recourse do I have if I have been defrauded of my crypto or digital assets? What can I do if my digital asset exchange wrongfully freezes my account? What happens if I dispute the terms and conditions of a token purchase? Our Deputy Managing Director, Ronald JJ Wong, sets out various legal issues, considerations and approaches regarding blockchain and crypto disputes and transactions, pertaining to: - Crypto fraud, online scams, and asset recovery - Digital asset theft - Crypto digital asset exchange disputes - ICO, token issuance, SAFT or token sale and purchase disputes Read more here: https://buff.ly/3RVXCuV #Crypto #Blockchain #Disputes #SingaporeLaw #Fraud #Scams #AssetRecovery #DigitalAssets #Token #ICO #SAFT

🏆 TOP 20 PERFORMING CEOs in MENA - VOTING NOW OPEN! ⬇ Now that the final #nominee list is out, it is time for YOU, the #crypto community to take things into your own hands and make your voice heard! But first, here is how the #voting process works: Each email address is allocated 10 #credits for voting, and #voters can allocate their credits as follows: - Five credits for the top choice. - Three credits for the second choice. - Two credits for the third choice.   Please note that distributing votes is mandatory. While some may attempt to allocate the full 10 credits to one #candidate, our system only counts the first 5. If you think Kokila Alagh, Founder and Managing Partner at KARM Legal Consultants, deserves to be recognized among the Top 20, then head over to her personal page below and cast your vote now! 👇 Live results can be found here: https://lnkd.in/dfGXVZHC #unlockblockchain #cryptonews #cryptocompetition #GCC #ceos #cryptocommunity #kokilaalagh #karmlegal https://lnkd.in/dtAn8MNm

Got down to writing this, covering asset recovery - fiat money and digital assets / crypto / digital tokens - arising from crypto-related fraud, online scams, crypto exchange disputes, and token sale / issuance / ICO disputes. Apart from the interim freezing / Mareva injunctions and ancillary disclosure orders, which are key to preserving and tracing assets, substantive recourse requires thoughtful formulation of the appropriate cause of action which offers suitable legal remedies, eg constructive, express, or Quistclose trusts, and so on. #Singaporelaw #disputes #litigation #cryptocurrency #blockchain #digitaltokens #virtualassets #fraud #scams #assetrecovery

From Dechert LLP: This article explores the key trends in 2023’s crypto-related #securities class action #litigation, including the decrease in the number of cases filed, the geographical distribution of the cases, the types of defendant companies and allegations, the impact of stock or asset price drops, and remaining legal questions. #classactions #cryptocurrency #digitalassets

In a landmark judgment, the Federal Court ruled in ASIC v Web3 Ventures Pty Ltd (trading as Block Earner), shedding light on the regulatory framework surrounding crypto-backed financial products in Australia. The case focused on two key products offered by Block Earner: "Access," which allowed users to send funds to DeFi lending protocols, and "Earner," which offered interest on cryptocurrency deposits. Key Findings The Court found that Block Earner's Earner product constituted an unregistered managed investment scheme. The predictability of this outcome was evident given the operational structure of Block Earner's products. When customer funds are pooled and yields are offered, the return is provided by the entity itself, akin to a traditional managed investment scheme. This decision underscores the critical need for meticulous consideration and alignment of representations in crypto-backed products, especially those offering yields. Despite Block Earner's claims, the Court determined that the yields stemmed from pooling customer funds and lending them out, meeting the managed investment scheme criteria. Implications and Compliance This decision clarifies the criteria under which crypto-backed products are considered financial products requiring licensing. Firms must conduct thorough analyses and design their products meticulously to comply with regulatory requirements. At Creo Legal, we provide tailored legal advice to ensure crypto businesses comply with financial services laws. We've done this since 2017 and understand the importance of staying informed and proactive in adapting to regulatory changes in the evolving landscape. This judgment serves as a reminder for crypto businesses to ensure regulatory compliance and underscores the significance of careful consideration in the design and marketing of such products. #CryptoRegulation #ASICvsBlockEarner #CryptoLaw #AustraliaLegal #BlockchainCase #CryptoCompliance #ASICRegulation #LegalTech #CryptoCompliance #BlockchainLegal

Is Your Law Firm Next in the FTX Creditor Crosshairs? ⚖️❓ Creditors of the collapsed FTX are scrutinizing Sullivan & Cromwell LLP. Discover the impacts on legal and crypto recruitment! FTX's downfall prompts a legal probe into Sullivan & Cromwell LLP's role. Will this shake up crypto legal practices? As the FTX case unfolds, it reshapes the demand for legal experts in blockchain and DeFi. Learn more about this shift! Read more below: #recruitment #crypto #blockchain #web3