• Illinois Sen. Robert Peters has introduced the Digital Property Protection Act, which aims to mandate blockchain projects in the state to reverse executed on-chain transactions when ordered by a court. • The bill would impose civil penalties of between $5,000 and $10,000 per day for noncompliance with court orders to roll back disputed transactions. […]
Monthly Archives: February 2023
SEC to Vote on Crypto Custodian Rules: What It Means for Investors
• The US Securities and Exchange Commission (SEC) plans to propose new regulations this week that could affect the services crypto firms offer their clients. • A five-member SEC panel will vote on the proposal on Feb. 15, 2021. • If approved, the proposed rule would make it difficult for crypto firms to operate as […]
Binance Ends Wallet Services for WazirX After Dispute
• Binance has stopped its wallet services for the Indian cryptocurrency platform WazirX following a public argument over ownership. • Binance gave Zanmai Labs an ultimatum to withdraw their false statements or end the partnership, and since no satisfactory reply was received, they have discontinued their association. • The proof of reserves report showed that […]