US Is Debating Risk vs. Liability for New Crypto Tax Rules
Treasury department officials are wrangling with how to focus a coming set of crypto tax rules.
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When crypto companies are denied liability insurance, they are disincentivized from innovating.
Thailand’s Securities and Exchange Commission (SEC) has now introduced strict rules concerning the promotions as well as advertising of crypto. Cryptocurrency companies are now expected to follow these newly initiated rules in order to bring down investment risks. This development happened this year itself as the rules were supposedly expanded to newer verticals which include […]
Does distributed presence create distributed liability? Does participation in a blockchain based decentralized autonomous organization (DAO) subject you to worldwide liability? While a one-sized fits all rule isn't possible, it may help to understand what jurisdiction means and how Courts acquire it.[1] (If you're trying to understand why this even matters, you'll find this author's views on the subject in an earlier post titled "How to Sue a DAO"). 1. What is jurisdiction anyway? Jurisdiction refers to a Court's authority to apply laws to disputes between parties and to do so in....
British financial watchdog will tighten the guidelines for promoting high-risk products to individual investors. British Financial Conduct Authority (FCA) demands clearer and more prominent risk warnings from the companies marketing high-risk investments. Certain investment incentives, such as refer a friend bonus, will be banned altogether. In a note published on Aug. 1, the FCA has finalized stronger rules to “help tackle misleading adverts that encourage investing in high-risk products.” The regulator’s attempt to reduce the number of people investing in high-risk products follows a....
According to the proposer Tangle, the intended foundation will play a key role in limiting the liability for contributors and driving Sushi’s future growth. SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. Sushi’s new legal structure will be based on a community-approved proposal from Mar. 20 that cited the need for an association or foundation to help provide legal clarity and administrative support for SushiDAO.Proposal: Sushi Legal Structure....