Legal

Police Bust Alleged $13 Million Crypto Pyramid Scheme
Police in China have arrested the founders of a claimed cryptocurrency pyramid scheme that amassed $13 million from over 13,000 people.

Riot Blockchain Has Been Subpoenaed By the SEC
Riot Blockchain has received a subpoena from the U.S. Securities and Exchange Commission.

Crypto Startup Files Petition Against India's Central Bank Ban
An Indian startup is taking the country's central bank to court over its decision to bar banks from dealing with crypto businesses.

What Crypto Exchanges Are Saying About New York's New Inquiry
Some of the cryptocurrency exchanges named today in the New York Attorney General's "inquiry" into the ecosystem say they welcome the move.

Philippines Lawmaker Urges Senate to Expedite Crypto Crime Bills
A Philippines senator is seeking to speed up the passage of legislation that would increase the penalties for crimes involving cryptocurrencies.

Industry Group to Bring 'Order' to Korea's Crypto Exchanges
A South Korean blockchain industry organization has proposed a self-regulatory framework to set standards for the cryptocurrency exchange industry.

No Plans for National Cryptocurrency, Bank of Japan Official Says
The Bank of Japan said it has no plan to issue a central bank digital currency due to concerns over financial stability.

Why the IRS Should Treat Crypto as a New Asset Class
Tax pros in the cryptocurrency space are applying a hodgepodge of rules that historically have been applied to stocks, bonds and various other assets.

CFTC Chairman: I Am Not a Cryptocurrency Evangelist
A flood of misplaced Twitter love has pushed the #FUDBuster to set the record straight.

Malta Proposes Test to Define When ICOs Are Securities
Malta is moving closer to introducing a test that would clearly define when assets derived from initial coin offerings are securities.

