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Legal
China's Central Bank Moves to Restrict Free Crypto Giveaways
The People's Bank of China, the country's central bank, is looking to clamp down on airdrops – free distributions of crypto tokens.

SEC Says It Shut Down More Than a Dozen Illegal ICOs in the Past Year
The U.S. SEC's Division of Enforcement heavily expanded its work the companies offering ICOs this past fiscal year, it said Friday.

Winklevoss Brothers Sue Charlie Shrem Over $32 Million in Bitcoin
The Winklevoss twins are reportedly suing bitcoin entrepreneur Charlie Shrem over 5,000 bitcoin allegedly owed to them from a past business deal.

Indian Officials Met to Discuss Possible Ban on 'Private Cryptocurrencies'
The Indian government is considering imposing a ban on what it calls "private cryptocurrencies," according to an official release.

Bitcoin Trader Pleads Guilty Over Unlicensed Exchange Business
A bitcoin trader from California has pleaded guilty to operating an unlicensed money transmission business and now faces up to five years in prison.

UK Government Says It Will Update Crypto Tax Guidance By Early Next Year
The UK Cryptoassets Taskforce wants to encourage the development of distributed ledger technology, according to a final report published Monday.

Taiwanese Lawmaker Proposes New Business Category for Crypto Startups
Taiwanese legislator Jason Hsu wants the island to create a new business category for cryptocurrency activities, he said Friday.

India Supreme Court Seeks Government Opinion on Crypto Within 2 Weeks
The Supreme Court of India has asked the government to give its view on cryptocurrencies, amid fallout from a ruling by the central bank in April.

23-Year-Old Australian Woman Arrested Over Theft of 100,000 XRP
A 23-year-old woman from Sydney, Australia, has been arrested over the alleged theft of XRP worth over $300,000 at the time.

Investors Received False Information About Bitmain Funding Round
The pitch decks stated DST Global and GIC had invested in Bitmain. A disgruntled investor wants to take legal action over those false claims.
