In our “Legal” section, we cover regulations, compliance issues, and legal developments related to cryptocurrencies and blockchain technology. Here you will find information about crypto laws, government policies, and the regulatory landscape affecting digital assets. Read the “Legal” section on ForkNews to stay informed about the legal side of the crypto industry.
CEZA (Cagayan Economic Zone Authority) - The Cagayan Free Economic Zone, located in the northern part of the Philippines, was not heard of by anyone until recently. If not for one BUT. Thanks to regulatory changes in February 2018, the CEZA authorities first “opened the doors of the tax haven” for mining farms, and on June 27 of this year they decided to break the mold altogether by making a resonant statement about the possibility of issuing 25 exchange crypto licenses on their territory.
Over the past year, we have repeatedly witnessed how the SEC, in its characteristic manner, harshly and uncompromisingly waged war on the entire Blockchain industry. Today’s article is from the category “Don’t let your children go for a walk in Africa or which ICOs in the USA will be within the law.” To do this, let’s figure out what the Howey test is and why it is remarkable.
The constant demand for electronic payments could not but affect the Ukrainian market, which until today remained, perhaps, one of the most conservative and established in Europe. What prevented the entry of such foreign payment leaders as PayPal, Payza, Neteller and others?
It seems that with each new year, the hysteria of state regulators around the cryptocurrency market will only increase. This is confirmed by new changes to the well-known EU Directive 2015/849 regarding combating money laundering and legalization of funds obtained from criminal activities, as well as the financing of terrorism.
JPMorgan Chase & Co was sued in federal court in Manhattan, alleging that the bank charged excessive fees. The lawsuit states that this began to happen after the bank in January prohibited customers from paying for cryptocurrency with credit cards and began to treat such a purchase as a withdrawal of funds.
The SEC requires sellers to register cryptocurrency cloud mining contracts as securities. The Philippine Securities and Exchange Commission (SEC) issued an advisory on April 10 in which it applied the Howey test to determine whether such contracts are securities.
Thailand did not remain aloof from its Asian “brothers” for long, who have long taken note of everything related to crypto-finance.
New York law firm Morrison Cohen LLP has launched a special cryptocurrency legal tracker containing information on all active litigation in the United States in the field of cryptocurrency and blockchain technology.
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