DOJ Makes It Clear: Writing Defi Code Won’t Land You In Jail
In a major policy shift, federal prosecutors are changing how they approach decentralized finance, or Defi. After years of uncertainty around liability for coders and software developers, officials are now drawing a clear line between creating technology and committing a crime. The US Justice Department has announced it will no longer target software developers who […]
Related News
A few days ago, I awoke to a collection of frantic emails, Slacks, Telegrams and tweets, all asking me the same question: "Can I go to jail for supporting the wrong version of bitcoin?" The fear, uncertainty and doubt wrapped up in this question were palpable. Do software developers contributing code to blockchain projects need to lawyer up? Could those contributions subject them to money services business (MSB) regulations under US law? Are we going to see developers go to jail for failing to get the proper licenses? These were just some of the questions I received, and the....
Many blockchains try to build momentum in the play-to-earn gaming vertical. Thanks to its high throughput and low fees, Solana makes for an excellent candidate. Several popular games have already been built on this network and have successfully grown their communities. DeFi Land DeFi Land has become one of the most popular Solana-based blockchain games. Players can choose various gameplay types, enabling a more immersive gaming experience on the Solana blockchain. Moreover, the agriculture-oriented gameplay – involving fishing, shooting, farming, crafting, etc. – is an....
Land in many parts of Africa remains an emotive subject. Often fought over, few governments seem to have a clear approach to handling sensitive land issues. However one group in Ghana the Africa Youth Peace Call has come up with a novel way of solving the land question in Northern Ghana - by registering land titles on the block chain. Land Ownership in Ghana - The Bottlenecks. Northern Ghana is home to some of the richest arable land in the country. It however also plays host to Ghana's poorest citizens. In a paper written for the Food and Agricultural Organization, former Ghanaian....
The bitcoin community was reeling over the weekend, after it was revealed that California's state financial regulator had issued a cease and desist order against the Bitcoin Foundation. The cease and desist order was dated May 30, one and a half weeks after the Bitcoin 2013 conference in San Jose. The letter said that the Bitcoin Foundation may be a money transmission business (MTB), and threatened it with fines and jail time. Jon Matonis, who is a board member at the Foundation, revealed the letter in his Forbes column over the weekend. The letter threatens the Foundation with penalties....
As the deadline for handing in India’s decommissioned 500 and 1,000 rupee notes arrives, the government has signed a law jailing those who continue holding them. 4 Years’ Jail for Possessing Worthless Rupee Notes. The Indian Cabinet has cleared a so-called ordinance, transferring liability to consumers and away from banks and authorities after a final cut-off point of March 31. Consumers could thereafter land themselves in jail for four years. Regular consumers only have until tomorrow however to deposit the now officially “banned” notes. “From December 30, 2016, the banned notes [can] be....