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Macfarlanes LLP | United Kingdom | 16 Aug 2022
Cryptocurrencies meet class actions: investors take aim at cryptocurrency exchanges
The most recent in a flurry of proposed class action proceedings brought before the UK Competition Appeal Tribunal is a £9.9bn claim brought against…
Shearman & Sterling LLP | USA | 16 Aug 2022
New York Fines Crypto Trading Platform $30M In First-Ever DFS Crypto Settlement
On August 2, 2022, New York State’s Department of Financial Services (“DFS”) announced that Robinhood Crypto, LLC (“RHC”), a trading platform that…
Greenberg Traurig LLP | USA | 15 Aug 2022
OFAC Sanctions Cryptocurrency Mixing Service for Allegedly Facilitating Money Laundering
On Aug. 8, 2022, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed economic sanctions on Tornado Cash, a popular…
Weil Gotshal & Manges LLP | United Kingdom, USA | 15 Aug 2022
Winter in June: Distress in the Crypto Industry and Potential Regulatory Responses
In recent months, the crypto industry has experienced an unprecedented downturn that some have dubbed a “Crypto Winter.” While cryptocurrencies…
Latham & Watkins LLP | USA | 15 Aug 2022
Digital Commodities Consumer Protection Act Seeks to Empower CFTC
The latest bipartisan crypto bill would give the CFTC new tools and authorities to regulate digital commodities, with a focus on market integrity and…
Finnegan, Henderson, Farabow, Garrett & Dunner, LLP | USA | 15 Aug 2022
A Breach of Contract Involving Cryptocurrency as Compensation Results in $25 Million Awarded in Damages
An exclusive license between the parties specified that the defendant would compensate the plaintiffs through distributions of its cryptocurrency, in…
Phillips Lytle LLP | USA | 15 Aug 2022
Mulvehill, Pincelli, Generation Z in the Workplace
Generation Z is comprised of individuals born after 1996 and before 2013. The so-called "Zoomers" are entering a changing workforce while…
Maddocks | Australia | 15 Aug 2022
ACCC’s bazaar war on digital marketplaces?
Misleading advertising is a growing concern in the Digital Economy and an enforcement priority for the ACCC…
Latham & Watkins LLP | Global, USA | 15 Aug 2022
Verra Announces Public Consultation on Proposed Approach to Third-Party Crypto Instruments and Tokens
A major voluntary carbon standard invites comments on linking carbon credits with crypto instruments and tokens, reinforcing the growing importance of…
Baker McKenzie | Thailand | 12 Aug 2022
Regulations on Cryptocurrency and Digital Token Offerings in Thailand — A Complete Guide (2022 Edition)
The digital assets industry in Thailand has been growing significantly between 2021 and 2022, as more big players in the traditional financial…
