FTX and CFTC agree to $12.7B settlement, subject to court approval
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors. Go to Source
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Cryptocurrency Recognized as Valuable Property by Russian Court
A Russian arbitration court of appeals has recognized cryptocurrency as a property with value in its ruling on Monday. This overturned a previous ruling by another court even though Russia currently has no legal framework for cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Recognized as Property The Ninth Arbitration Court of … Read more
Court Will Not Seize Crypto as Debt Payment from Bankrupt Citizen in Russia
The Moscow bankruptcy court has ruled that cryptocurrencies of a bankrupt debtor will not be seized to pay his creditors. The trustee for the case has failed to convince the judge to include the debtor’s cryptocurrencies in the bankruptcy estate. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Court Rejects Crypto in Bankruptcy … Read more
