OFAC Escalates Enforcement Efforts, Tightens Grip on Russian Entities

by Александр Пирогов | Mar 29, 2024 | Blog News

The Office of Foreign Assets Control (OFAC) has intensified its enforcement actions by targeting individuals and entities in Russia’s financial services and technology sectors, particularly those involved in virtual assets, to prevent evasion of US sanctions....

Antitrust Lawsuit Against Apple Dismissed by U.S. District Judge

by Александр Пирогов | Mar 28, 2024 | Blog News

United States District Judge Vince Chhabria has dismissed an antitrust lawsuit brought against Apple by Venmo and Cash App customers over allegations of anti-competitive practices related to the California company’s Apple Cash product. The lawsuit, filed in...

Central Bank of Nigeria Shifts Stance, Defers Cryptocurrency Regulation to Securities and Exchange Commission

by Александр Пирогов | Mar 28, 2024 | Blog News

In a surprising turn of events, the governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that cryptocurrency regulation falls under the purview of the Nigerian Securities and Exchange Commission (SEC), not the CBN. This marks a significant departure...

Three Major AI Protocols Merge to Form “Artificial Superintelligence Alliance”

by Александр Пирогов | Mar 28, 2024 | Blog News

In a groundbreaking move for the Artificial Intelligence (AI) industry, three prominent AI protocols – Fetch.ai, Ocean Protocol, and SingularityNET – have joined forces to create the Artificial Superintelligence Alliance (ASA). This merger involves merging their...

HCCH Launches Project to Bring Legal Clarity to Digital Asset Tokenization

by Александр Пирогов | Mar 28, 2024 | Blog News

The Hague Conference on Private International Law (HCCH) has embarked on a project aimed at providing legal clarity to cross-border businesses dealing with digital assets. This initiative seeks to address various types of digital tokens, including real estate tokens,...

Court Rules Against Coinbase’s Motion to Dismiss SEC Charges, Case to Proceed

by Александр Пирогов | Mar 28, 2024 | Blog News

In a significant development, US District Judge Katherine Polk Failla largely denied Coinbase’s motion to dismiss charges filed by the US Securities and Exchange Commission (SEC) regarding its operation as an unregistered securities exchange. The ruling means...