Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin
The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.
Regulations
UAE Securities Regulator to Start Accepting License Applications From Crypto Firms
The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates.
SEC Warned Bittrex of Legal Action Before Firm Announced U.S. Exit: WSJ
The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation.
London Stock Exchange Unit to Clear Bitcoin Index Futures, Options
LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class
EU’s MiCA Vote Likely Delayed by One Day Without Further Changes
The landmark crypto licensing framework and funds transfer rules will likely be rubber-stamped next week as last-minute upsets now seem unlikely.
DeFi Could Be Forced to Incorporate and Certify, French Central Bank Says
Regulators are seeking to extend EU laws to cover more diffuse and decentralized structures.
Do Kwon’s Millions Are Not in South Korea, Prosecutors Say: Report
South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.
India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources
Around 100,000 users have participated in the country’s central bank digital currency pilot since it kicked off in December.
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The white paper proposes more tax reform, clearer accounting standards and a DAO law.