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Legal
Coincheck Confirms Crypto Hack Loss Larger than Mt Gox
Japanese exchange Coincheck has confirmed that about $533 million-worth of cryptocurrency has been stolen from its digital wallets.

Russian Finance Ministry Proposes Draft Law on ICO Regulation
Russia's Finance Ministry has introduced a draft federal law on the regulation of digital assets and initial coin offerings.

Chinese Finance Association Cautions on Overseas ICOs
China's National Internet Finance Association, a self-regulatory group, has warned against participating in overseas ICOs and cryptocurrency trading.

ICE Exploiting Blockchain to Expose Crypto Use in Drug Trafficking
U.S. Immigration and Customs Enforcement is working to expose transactions made by drug traffickers using cryptocurrencies to hide their trails.

Lawmaker Says 'Tennessee Is Ready for Blockchain' at Bill Hearing
Tennessee legislators say the state is "ready for the blockchain."

Wyoming Lawmakers Want Exemptions for ICO Utility Tokens
Lawmakers in Wyoming have filed a bill that, if approved, would exempt some creators and sellers of blockchain tokens from securities regulations.

SEC, CFTC Chiefs Eye Closer Crypto Scrutiny
Two U.S. financial regulators are increasing their commitment to bringing closer scrutiny to the cryptocurrency industry, according to their chiefs.

Investors File Class Action Against BitConnect After Closure
A class action suit has been filed against exchange and lending platform BitConnect, which recently closed following U.S. cease-and-desist orders.

Virginia Lawmakers Seek Study on Government Blockchain Use
A new Virginia bill would form a subcommittee to research the impact of implementing blockchain technology within the state's government.

South Korea Fines Crypto Exchanges for Privacy Failures
South Korea's Communications Commission has issued fines totaling $130,000 to eight cryptocurrency exchanges over insufficient user data protection.
