Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

arthur-hayes-to-serve-2-year-probation-owning-up-to-bitmex’s-aml-mishap

Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation. Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in … Read more

UK Court recognizes NFTs as ‘private property’ — What now?

uk-court-recognizes-nfts-as-‘private-property’-—-what-now?

Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud. At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme Court, has ruled that nonfungible … Read more

Shanghai court affirms that Bitcoin is virtual property, subject to property rights

shanghai-court-affirms-that-bitcoin-is-virtual-property,-subject-to-property-rights

A district court in Shanghai ruled on a Bitcoin owner’s right to compensation in a case involving an unpaid loan and decided on Bitcoin’s legal status in the process. The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was … Read more