China’s Supreme Court Declares Crypto Fundraising Is Illegal

The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public. China’s hardline policy on crypto took another turn on Thursday as the country’s Supreme Court revised its judicial interpretation for illegal fundraising to include digital currency transactions.The Chinese Supreme Court issued a revised version of its “Decision on Amending the Interpretation of the Supreme People’s Court on Several Issues Concerning the Specific Application of Law in the Trial of Criminal Cases of Illegal Fund Raising.”Just In: For the first....

A US Supreme Court case has caught the interest of the crypto community, especially the XRP community, as it could significantly impact Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC). The US Supreme Court is set to decide on whether or not to overrule the Chevron Deference Doctrine in the ongoing […]

The recent Supreme Court ruling requires the British government to get parliamentary approval before initiating the Brexit process, fintech industry faces uncertainty. Brexit is a crucial event for the fintech and blockchain sector. The post-Brexit world will decide the fate of the European Fintech ecosystem. But the separation of England from the European Union may not be happening anytime soon. According to reports, the English Supreme Court has ruled that the Prime Minister of Great Britain, Theresa May has to seek the approval of the parliament before setting the wheels of Brexit in....

The government doesn’t want a Chinese version of Elon Musk, an expert said. China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform.According to local reports, at least a dozen crypto influencers on Weibo have been unable to use their accounts on Saturday night. Weibo greeted other users who visited suspended accounts with a message saying the banned accounts have....

BTC.ee owner alleges threats by Estonian police and moves business out of the country as Supreme Court of the country on Monday ruled against Bitcoin in a landmark case. BTC.ee recently announced closure over threats by the Estonian police. The website had an ominous notice posted on it about the closure stating, “Apparently the Estonian police can re-interpret the law, keep their interpretation secret, and apply it retroactively and arbitrarily. Unfortunately the courts in Estonia do not appear to see a problem with that.” Supreme Court rejected the claim by de Voogd that his activity....