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Posts Tagged ‘Ruling’

Telegram Appeals Court Ruling Barring Gram Token Distribution

The Telegram messaging platform has appealed a U.S. court ruling prohibiting it from distributing its gram cryptocurrency. U.S. District Judge P. Kevin Castel of the Southern District of New York said Tuesday that Telegram’s 2018, $1.7 billion token sale appeared to be an unregistered securities sale, and barred the company from issuing grams after it…

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Ripple Labs Could Face More Lawsuits After California Court Ruling

It looks as if there’s more trouble brewing on the horizon for Ripple Labs. In fact, after a district California Court ruling, we may see a large ‘uptick’ in class actions across the whole cryptocurrency space. Ripple Labs May Be Looking at Multiple Lawsuits Ever since the SEC started clamping down on ICOs for being…

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Ruling Russian Political Party Launches Blockchain-Based E-Voting

The ruling party of the Russian Federation, United Russia, has launched a blockchain-based platform for electronic voting, local news agency TASS reported on March 6. United Russia has reportedly launched an updated website for its primaries with the added function of e-voting. The party’s head of IT projects Vyacheslav Sateyev said that the vote counting…

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Florida Judge Overturns Ruling That Bitcoin Isn’t ‘Money’

A Florida appeals court has overturned a ruling that acquitted a Localbitcoins trader of money laundering and working as an unlicensed money transmitter. Bitcoin No Longer ‘Poker Chips’? As local news outlet Miami Herald reported January 30, Michell Espinoza, who sold bitcoin worth around $1350 to an undercover police detective in 2014, will now face…

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Irish High Court Ruling ‘Breaks New Legal Ground,’ Reports Local Media

Ireland’s High Court has ruled that 25,000 euro in cryptocurrency held by a man in prison is considered “the proceeds of a crime,” the Irish Times reported on Tuesday, Dec. 18. The court “broke new legal ground”, the Irish Times states, while considering the case of Neil Mannion — a man reportedly serving a six-and-a-half…

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Spanish Ruling Party to Introduce Regulation on Blockchain, Crypto

Spanish ruling party Partido Popular (PP) will introduce a draft bill on cryptocurrencies and blockchain regulation in a few days, local newspaper La Vanguardia reported Dec. 10. The publication reported that PP’s secretary Teodoro Garcia Egea announced the decision during the opening ceremony of ISDE Blockchain and Law research center in Madrid on Dec. 10.…

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Crypto Exchange Loses Ongoing Legal Battle in Supreme Court Ruling

The Chilean Supreme Court has ruled against crypto exchange Orionx, allowing a state-owned bank to close its account, local news outlet Emol reported Dec. 4. The third chamber of the high court has revoked the decision taken in July that had guaranteed protection to Orionx and forced local state-owned bank Banco del Estado to reopen…

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Crypto Exchange QuadrigaCX Awaits Ruling on $22 Million in Frozen Funds

Canada-based crypto exchange QuadrigaCX is waiting on a verdict in a long-running legal case against the Canadian Imperial Bank of Commerce (CIBC). At the heart of the dispute is CA$28 million, or about $21.6 million in U.S. dollars. The case began in January 2018, when the CIBC froze multiple accounts opened by QuadrigaCX’s payment processor, claiming…

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