Staff Picks November 2022
Saying ‘not financial advice’ won’t keep you out of jail — Crypto lawyers
Australian and U.S. digital asset lawyers told Cointelegraph that, by and large, the words on their own are “pretty useless.”
Proposed UK Rules Will Make Advertising Crypto a Lot Harder, Industry Warns
Industry members are sounding the alarm on a proposed measure to require crypto service providers to comply with local advertising rules, which could add an additional layer of authorization to an already complex process.
Santander Will Block Users From Buying Crypto
Beginning in 2023, the bank will ban real-time transactions to crypto exchanges.
Come one, come all! Meta to bring NFT minting and trading to Instagram
An “end-to-end toolkit” for creators to make, show, and sell “digital collectibles” is coming to the social media platform Instagram.
UK lawmakers open inquiry into NFT regulation — ‘There are fears that the bubble may burst’
According to the DCMS committee, NFT regulation in the U.K. is “largely non-existent,” with lawmakers planning to assess the assets ahead of a review by the Treasury.
Bahamas Government Says It Ordered SBF to Hack FTX
The Securities Commission of The Bahamas has confirmed it ordered Sam Bankman-Fried to transfer the exchange's assets to the government.
Crypto Community Demands Investigation Into Gary Gensler's Possible Ties to FTX
Thousands of people have petitioned for a Congressional investigation into SEC Chair Gary Gensler's relationship with FTX and its major players.
Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme
The U.S. CFTC had previously taken legal action against the man.
Getting funds out of FTX could take years or even decades: Lawyers
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline.
FTX fall was ‘incredibly damaging,’ crypto must foster real utility — Ripple policy lead
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from “hype cycles” and toward “real utility.”
Putin calls for blockchain-based international payment system
The Russian President criticized Western sanctions and urged for a system “independent of external interference.”
MetaMask will start collecting user IP addresses
The popular browser wallet has over 21 million monthly active users.
UK Lawmakers Support Easy Seizure of Crypto Linked to Terrorist Activity
The lower chamber of the U.K. Parliament had already voted in favor of proposed rules to make it easier for law enforcement to target crypto linked to crime.
SBF’s Parents Joined FTX $121M Bahamas Property Splurge: Reuters
Joseph Bankman, Barbara Fried, FTX, and employees of the collapsed cryptocurrency exchange dropped $121 million on real estate in The Bahamas from 2021 through 2022, Reuters has reported.