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What Nobody Tells You About Taxes
We love to talk about profits, but nobody talks about the silent partner that takes a share without risking anything: the government.
Every time you swap one crypto for another or for fiat money, you are generating a taxable event in most countries.
Keeping an organized record of your transactions from day one is not optional; it is financial survival to avoid legal issues in the future when you withdraw your millions.
#Impuestos #LegalUpdate #consejos #RealidadeCripto
We love to talk about profits, but nobody talks about the silent partner that takes a share without risking anything: the government.
Every time you swap one crypto for another or for fiat money, you are generating a taxable event in most countries.
Keeping an organized record of your transactions from day one is not optional; it is financial survival to avoid legal issues in the future when you withdraw your millions.
#Impuestos #LegalUpdate #consejos #RealidadeCripto
dbCZ:
jajaja que me busquen la dex a ver si me encuentran!!! jajajaja
Binance CEO Richard Teng Meets PM Shehbaz And field Marshal Asim Munir, Discusses Crypto Rules in Pakistan 🇵🇰! Soon Binance Exchange Get Lisianice from Pakistan🇵🇰🎉🎉🎉🧑💻📊📢📢📢📢#BinanceBlockchainWeek #BinanceSquareTalks #LegalUpdate #Binance #Pakistan
Digital assets such as BTC and ETH are now officially recognized as private property in the UK!!!🔥
#ETH #BTC #UK #LegalUpdate
Ethereum sits in the spotlight today as the UK writes digital assets like ETH directly into property law while derivatives traders quietly rebuild leverage after October’s wipeout. Together, the legal shift and the rise in open interest show how Ethereum’s role keeps deepening both in traditional courts and on crypto futures markets.
UK passes law that directly strengthens ETH property rights
Digital assets such as Bitcoin and Ethereum now have explicit recognition as personal property in England, Wales and Northern Ireland after the Property (Digital Assets etc) Act 2025 received Royal Assent and came into force on Dec. 2.
The Act states that a “thing,” including something digital or electronic, is not prevented from being the object of personal property rights just because it is neither a “thing in possession” nor a “thing in action,” the two traditional categories in English law. In effect, lawmakers have opened the door for a third category of personal property to cover assets like crypto-tokens and non-fungible tokens.
The UK government says the change confirms that digital assets can be recognised as personal property and gives stronger protection to victims of digital theft and fraud, who can now rely on a clearer statutory basis when they go to court.Courts will be able to apply existing property law tools more directly to crypto, including freezing, tracing and recovery of misappropriated coins, and to handle digital asset balances more cleanly in insolvency or exchange failure cases.
At the same time, legal analysts say the Act removes uncertainty for banks, custodians and funds that want to hold or use crypto under English-law structures. With digital assets now recognised as objects of property rights in statute, it becomes easier to document security interests and collateral arrangements over ETH and other tokens in secured lending and structured finance transactions.
The legislation applies across England, Wales and Northern Ireland and took effect immediately on the day it was passed, following recommendations from the Law Commission’s 2023 digital assets report.
ETH open interest climbs again after October crash
Meanwhile, Ethereum futures open interest has been rebuilding since the violent wipeout on Oct. 10, leaving derivatives traders more exposed again, according to chart data shared by analyst Ted (@TedPillows). The ETHUSDT perpetual contract on Binance Futures now shows steadily rising positioning even as spot price trades well below its early-autumn levels.
The accompanying chart tracks Ethereum’s daily candles on Binance Futures alongside aggregated open interest in coins from analytics platform Velo. It shows leverage collapsing in mid-October, when open interest dropped sharply, then grinding higher through November and into early December as traders slowly added new positions.
Ted said he expects much of this rebuilt open interest to “be wiped out in the coming months,” arguing that market makers may push Ethereum into a choppy trading range to flush out leveraged longs and shorts. In that scenario, open interest could fall again as positions are forced to close, even if spot price does not revisit the October crash levels.
$ETH
$BTC
Ethereum sits in the spotlight today as the UK writes digital assets like ETH directly into property law while derivatives traders quietly rebuild leverage after October’s wipeout. Together, the legal shift and the rise in open interest show how Ethereum’s role keeps deepening both in traditional courts and on crypto futures markets.
UK passes law that directly strengthens ETH property rights
Digital assets such as Bitcoin and Ethereum now have explicit recognition as personal property in England, Wales and Northern Ireland after the Property (Digital Assets etc) Act 2025 received Royal Assent and came into force on Dec. 2.
The Act states that a “thing,” including something digital or electronic, is not prevented from being the object of personal property rights just because it is neither a “thing in possession” nor a “thing in action,” the two traditional categories in English law. In effect, lawmakers have opened the door for a third category of personal property to cover assets like crypto-tokens and non-fungible tokens.
The UK government says the change confirms that digital assets can be recognised as personal property and gives stronger protection to victims of digital theft and fraud, who can now rely on a clearer statutory basis when they go to court.Courts will be able to apply existing property law tools more directly to crypto, including freezing, tracing and recovery of misappropriated coins, and to handle digital asset balances more cleanly in insolvency or exchange failure cases.
At the same time, legal analysts say the Act removes uncertainty for banks, custodians and funds that want to hold or use crypto under English-law structures. With digital assets now recognised as objects of property rights in statute, it becomes easier to document security interests and collateral arrangements over ETH and other tokens in secured lending and structured finance transactions.
The legislation applies across England, Wales and Northern Ireland and took effect immediately on the day it was passed, following recommendations from the Law Commission’s 2023 digital assets report.
ETH open interest climbs again after October crash
Meanwhile, Ethereum futures open interest has been rebuilding since the violent wipeout on Oct. 10, leaving derivatives traders more exposed again, according to chart data shared by analyst Ted (@TedPillows). The ETHUSDT perpetual contract on Binance Futures now shows steadily rising positioning even as spot price trades well below its early-autumn levels.
The accompanying chart tracks Ethereum’s daily candles on Binance Futures alongside aggregated open interest in coins from analytics platform Velo. It shows leverage collapsing in mid-October, when open interest dropped sharply, then grinding higher through November and into early December as traders slowly added new positions.
Ted said he expects much of this rebuilt open interest to “be wiped out in the coming months,” arguing that market makers may push Ethereum into a choppy trading range to flush out leveraged longs and shorts. In that scenario, open interest could fall again as positions are forced to close, even if spot price does not revisit the October crash levels.
$ETH
$BTC
Ripple vs SEC: Latest Update on Legal Proceedings
$XRP
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have reached an agreement to file a deferred appendix in their ongoing appeals process. This appendix will include key documents and evidence related to the case and is set to be submitted 21 days after Ripple files its opposition brief. The agreement is part of the ongoing legal battle between the two parties as they work through the intricacies of the case.
Despite Ripple's request for a delay, the SEC is moving forward with its appeal. The SEC is required to submit its opening brief by January 16, 2025, and Ripple’s call for an extension was denied. Ripple’s Chief Legal Officer, Stuart Alderoty, expressed frustration at the decision, calling the refusal a waste of resources. Nonetheless, Alderoty remains confident that Ripple will prevail in the ongoing litigation, particularly in light of the court's previous ruling in Ripple's favor, which stated that XRP sales to retail investors do not constitute securities.
The legal dispute began in December 2020 when the SEC accused Ripple of selling XRP as an unregistered security. However, in 2023, a court sided with Ripple, ruling that XRP sales to retail investors were not securities. Despite this victory, the SEC has appealed the decision, and the case is currently under review, with a potential conclusion in 2025.
There is renewed hope at Ripple as the SEC is set for a leadership change. On January 20, SEC Chairman Gary Gensler will step down, and his successor, Paul Atkins, is known for his more crypto-friendly stance. Ripple sees this transition as a chance to resolve the dispute favorably. Ripple’s CEO, Brad Garlinghouse, criticized Gensler’s enforcement-focused approach and expressed optimism about working with the new SEC leadership.
Amidst the legal battle, XRP’s price has seen a significant surge. In just 24 hours, XRP’s value increased by 12.64%, reaching $2.84 from $2.52, reflecting growing optimism in the market. Over the past week, XRP has gained 22.9%, and its trading volume has risen by 19.01% to $11.98 billion, signaling investor confidence in Ripple’s future.
As legal expert James Farrell explained, only the court clerk can modify filing deadlines under extraordinary circumstances, which means the SEC must meet the January 16 deadline. The appeals process could potentially conclude by April 2025, with settlement discussions expected to follow soon after.
#LegalUpdate
#Cryptocurrency
#XRPWin
#RippleCase
#XRPArmy
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have reached an agreement to file a deferred appendix in their ongoing appeals process. This appendix will include key documents and evidence related to the case and is set to be submitted 21 days after Ripple files its opposition brief. The agreement is part of the ongoing legal battle between the two parties as they work through the intricacies of the case.
Despite Ripple's request for a delay, the SEC is moving forward with its appeal. The SEC is required to submit its opening brief by January 16, 2025, and Ripple’s call for an extension was denied. Ripple’s Chief Legal Officer, Stuart Alderoty, expressed frustration at the decision, calling the refusal a waste of resources. Nonetheless, Alderoty remains confident that Ripple will prevail in the ongoing litigation, particularly in light of the court's previous ruling in Ripple's favor, which stated that XRP sales to retail investors do not constitute securities.
The legal dispute began in December 2020 when the SEC accused Ripple of selling XRP as an unregistered security. However, in 2023, a court sided with Ripple, ruling that XRP sales to retail investors were not securities. Despite this victory, the SEC has appealed the decision, and the case is currently under review, with a potential conclusion in 2025.
There is renewed hope at Ripple as the SEC is set for a leadership change. On January 20, SEC Chairman Gary Gensler will step down, and his successor, Paul Atkins, is known for his more crypto-friendly stance. Ripple sees this transition as a chance to resolve the dispute favorably. Ripple’s CEO, Brad Garlinghouse, criticized Gensler’s enforcement-focused approach and expressed optimism about working with the new SEC leadership.
Amidst the legal battle, XRP’s price has seen a significant surge. In just 24 hours, XRP’s value increased by 12.64%, reaching $2.84 from $2.52, reflecting growing optimism in the market. Over the past week, XRP has gained 22.9%, and its trading volume has risen by 19.01% to $11.98 billion, signaling investor confidence in Ripple’s future.
As legal expert James Farrell explained, only the court clerk can modify filing deadlines under extraordinary circumstances, which means the SEC must meet the January 16 deadline. The appeals process could potentially conclude by April 2025, with settlement discussions expected to follow soon after.
#LegalUpdate
#Cryptocurrency
#XRPWin
#RippleCase
#XRPArmy
Ripple vs. SEC — Is It Really Over? Brad’s Quiet Moves Leave XRP Guessing
📅 August 8, 2025
The $XRP community erupted this week 🚀 after news broke that Ripple Labs and the U.S. SEC had filed a Joint Dismissal of Appeals — a move that appeared to end their 5+ year legal war. 🎉
But then something unexpected happened.
😶 Brad’s Silence Speaks Volumes
Fans expected Ripple CEO Brad Garlinghouse to light up X (Twitter) with victory posts. Instead… nothing. No celebration, no champagne emojis, not even a subtle wink. 🍾
That silence sparked speculation:
“Is the case really over?” 🤨
“Why isn’t Brad saying anything?”
“Could this be premature news?”
Skeptics pointed out the lack of confirmation on the SEC’s official site and warned this could be misinterpreted until both sides made public statements.
🛡 Legal Confirmation Arrives
Ripple’s Chief Legal Officer Stuart Alderoty broke the uncertainty:
“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals. The end… and now back to business.”
In other words: ✅ Case closed.
⚖ Former SEC Lawyer Weighs In
Ex-SEC attorney Marc Fagel clarified:
“The joint stipulation of dismissal is public, so not sure what you think needs to be announced.”
He explained there’s no need for further judicial action — the Court of Appeals will finalize the paperwork, and Judge Torres’ ruling against the SEC stands as the final word.
🚀 What This Means for XRP
With the legal battle over, Ripple can now:
Access capital more easily 💰
Accelerate partnership deals 🤝
Scale global operations 🌍
Still, many holders are holding out for Brad’s personal victory post before officially declaring party time.
💬 Your Take:
Do you think Brad’s quiet approach is a calculated move… or just odd timing?
Where do you see $XRP heading now that this chapter is closed? 📈🔥
#xrp #Ripple #CryptoNews #SEC #LegalUpdate
$XRP
The $XRP community erupted this week 🚀 after news broke that Ripple Labs and the U.S. SEC had filed a Joint Dismissal of Appeals — a move that appeared to end their 5+ year legal war. 🎉
But then something unexpected happened.
😶 Brad’s Silence Speaks Volumes
Fans expected Ripple CEO Brad Garlinghouse to light up X (Twitter) with victory posts. Instead… nothing. No celebration, no champagne emojis, not even a subtle wink. 🍾
That silence sparked speculation:
“Is the case really over?” 🤨
“Why isn’t Brad saying anything?”
“Could this be premature news?”
Skeptics pointed out the lack of confirmation on the SEC’s official site and warned this could be misinterpreted until both sides made public statements.
🛡 Legal Confirmation Arrives
Ripple’s Chief Legal Officer Stuart Alderoty broke the uncertainty:
“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals. The end… and now back to business.”
In other words: ✅ Case closed.
⚖ Former SEC Lawyer Weighs In
Ex-SEC attorney Marc Fagel clarified:
“The joint stipulation of dismissal is public, so not sure what you think needs to be announced.”
He explained there’s no need for further judicial action — the Court of Appeals will finalize the paperwork, and Judge Torres’ ruling against the SEC stands as the final word.
🚀 What This Means for XRP
With the legal battle over, Ripple can now:
Access capital more easily 💰
Accelerate partnership deals 🤝
Scale global operations 🌍
Still, many holders are holding out for Brad’s personal victory post before officially declaring party time.
💬 Your Take:
Do you think Brad’s quiet approach is a calculated move… or just odd timing?
Where do you see $XRP heading now that this chapter is closed? 📈🔥
#xrp #Ripple #CryptoNews #SEC #LegalUpdate
$XRP
Legitimacy of Cryptocurrency
Cryptocurrency has gained significant recognition and acceptance worldwide over the years, and many experts believe it has the potential to democratize access to financial services and create new opportunities for innovation and growth in the financial digital world.
Some of the reasons why crypto is considered a legitimate entity include:
— Decentralized and transparent: Cryptocurrencies operate on blockchain technology, which ensures transparency, security, and decentralization.
— Regulatory recognition: Many governments and regulatory bodies have recognized cryptocurrencies as a legitimate form of currency or asset class.
— Institutional investment: Institutional investors, such as hedge funds and pension funds, have started to invest in cryptocurrencies, adding to their legitimacy and a genuine institution for global finance.
— Real-world use cases: Cryptocurrencies are being used in various real-world applications, such as cross-border payments, supply chain management, economic platform, investments, and gaming.
The legitimacy of cryptocurrency also still depends on the legal framework of each country and how it is used.
Key aspects:
— Legal Status by Countries/Legal and Regulated: Countries like the U.S, Canada, Japan, and the European Union have legalized cryptocurrency and established regulatory frameworks.
— Restricted or Banned: Some countries also place a ban on cryptocurrency such as China and Egypt. These countries have banned cryptocurrency trading and mining.
— Unregulated or Unclear: In some regions, the status is uncertain or evolving as governments assess how to regulate crypto.
Use Cases and Regulation:
— Legal Uses: Many businesses and individuals use crypto for investments, means of payments, and decentralized finance (DeFi).
— Illegal Uses: Cryptocurrencies can be used for illicit activities, leading to concerns over money laundering, and fraud.
— Taxation: Some governments impose taxes on crypto transactions and profits which is a very welcoming development to the country's revenue.
Government Oversight:
— Regulated Exchanges: Many countries require crypto exchanges to follow Know Your Customer (KYC) and Anti-Money Laundering (AML) laws for identification of real users.
— Central Bank Digital Currencies (CBDCs): Some governments, like China, are developing their own digital currencies to regulate the digital economy of the country.
However, it's also important to note that the cryptocurrency space is still largely unregulated, and there are risks associated with investing in cryptocurrencies, such as market volatility and security risks but can be carefully controlled by individuals since its still highly decentralised.
Overall, the risks associated with cryptocurrencies are increasingly being recognized as legitimate entities with the potential to drive fair innovation and transparency growth.
#CryptoInsights🚀💰📉 #DigitalFinance #decentralizedfinance #LegalUpdate
Some of the reasons why crypto is considered a legitimate entity include:
— Decentralized and transparent: Cryptocurrencies operate on blockchain technology, which ensures transparency, security, and decentralization.
— Regulatory recognition: Many governments and regulatory bodies have recognized cryptocurrencies as a legitimate form of currency or asset class.
— Institutional investment: Institutional investors, such as hedge funds and pension funds, have started to invest in cryptocurrencies, adding to their legitimacy and a genuine institution for global finance.
— Real-world use cases: Cryptocurrencies are being used in various real-world applications, such as cross-border payments, supply chain management, economic platform, investments, and gaming.
The legitimacy of cryptocurrency also still depends on the legal framework of each country and how it is used.
Key aspects:
— Legal Status by Countries/Legal and Regulated: Countries like the U.S, Canada, Japan, and the European Union have legalized cryptocurrency and established regulatory frameworks.
— Restricted or Banned: Some countries also place a ban on cryptocurrency such as China and Egypt. These countries have banned cryptocurrency trading and mining.
— Unregulated or Unclear: In some regions, the status is uncertain or evolving as governments assess how to regulate crypto.
Use Cases and Regulation:
— Legal Uses: Many businesses and individuals use crypto for investments, means of payments, and decentralized finance (DeFi).
— Illegal Uses: Cryptocurrencies can be used for illicit activities, leading to concerns over money laundering, and fraud.
— Taxation: Some governments impose taxes on crypto transactions and profits which is a very welcoming development to the country's revenue.
Government Oversight:
— Regulated Exchanges: Many countries require crypto exchanges to follow Know Your Customer (KYC) and Anti-Money Laundering (AML) laws for identification of real users.
— Central Bank Digital Currencies (CBDCs): Some governments, like China, are developing their own digital currencies to regulate the digital economy of the country.
However, it's also important to note that the cryptocurrency space is still largely unregulated, and there are risks associated with investing in cryptocurrencies, such as market volatility and security risks but can be carefully controlled by individuals since its still highly decentralised.
Overall, the risks associated with cryptocurrencies are increasingly being recognized as legitimate entities with the potential to drive fair innovation and transparency growth.
#CryptoInsights🚀💰📉 #DigitalFinance #decentralizedfinance #LegalUpdate
⚖️ LEGAL ALERT! Crypto Firm Founder Pleads Guilty to Market Manipulation! 🚨
🔥🎁 $BTC 🔥🎁🔥🎁 $ETH 🔥🎁🔥🎁 $BNB 🔥🎁
UPDATE: Aleksei Andriunin, founder and CEO of Gotbit, has pleaded guilty to charges of market manipulation and wire fraud. The firm engaged in "wash trading" to inflate trading volumes of digital tokens, aiding clients in getting their tokens listed on larger exchanges. This case highlights the ongoing challenges of market manipulation within the crypto industry.
How do you think this impacts the crypto market? Share your thoughts below! 👇
💬 Each viewer is important to us! We value your comments and will reply to every one of them, so let's engage! 💬
🙏 Please like and follow—it means the world to me! 🙏
#CryptoRegulation #MarketManipulation #BlockchainIntegrity #CryptoNews #LegalUpdate
🔥🎁 $BTC 🔥🎁🔥🎁 $ETH 🔥🎁🔥🎁 $BNB 🔥🎁
UPDATE: Aleksei Andriunin, founder and CEO of Gotbit, has pleaded guilty to charges of market manipulation and wire fraud. The firm engaged in "wash trading" to inflate trading volumes of digital tokens, aiding clients in getting their tokens listed on larger exchanges. This case highlights the ongoing challenges of market manipulation within the crypto industry.
How do you think this impacts the crypto market? Share your thoughts below! 👇
💬 Each viewer is important to us! We value your comments and will reply to every one of them, so let's engage! 💬
🙏 Please like and follow—it means the world to me! 🙏
#CryptoRegulation #MarketManipulation #BlockchainIntegrity #CryptoNews #LegalUpdate
Ex-Blockchain Global Director Is Sued Over $ACX Collapse
Key Takeaways:
*An ex-Blockchain Global director is in legal trouble for wrongdoing.
*The collapse of the exchange had left millions of users' funds locked up, attracting regulatory attention.
*The director departed Australia after restrictions were removed, amidst mounting probes.
A significant crypto shake-up is happening as a one-time director of a defunct exchange is currently under intense legal fire.
He faces accusations of mismanagement, deception, and failing to safeguard client funds. These charges place him at the center of a significant global crypto collapse.
Allegations Tied to Missing Customer Funds
The exchange suddenly stopped doing business, stranding millions of dollars' worth of customer assets. Users were trapped, and the growing complaints prompted an increasing scrutiny of the company's internal workings.
The former director is facing charges for inadequate record-keeping. They are also accused of deceptive maneuvers that may have led to disruption and financial losses.
Director Leaves as Case Builds
After being prevented from departing the country for several months, the director departed a few days after travel bans were eased. His departure has not interrupted the call for accountability, with regulators now proceeding with court action.
Regulators are ramping up scrutiny on crypto, pushing for stricter oversight. The case also serves as a stark warning to executives who think they can ignore the rules.
#ACX #ACXCoin #LegalUpdate #crypto #Regulators
Key Takeaways:
*An ex-Blockchain Global director is in legal trouble for wrongdoing.
*The collapse of the exchange had left millions of users' funds locked up, attracting regulatory attention.
*The director departed Australia after restrictions were removed, amidst mounting probes.
A significant crypto shake-up is happening as a one-time director of a defunct exchange is currently under intense legal fire.
He faces accusations of mismanagement, deception, and failing to safeguard client funds. These charges place him at the center of a significant global crypto collapse.
Allegations Tied to Missing Customer Funds
The exchange suddenly stopped doing business, stranding millions of dollars' worth of customer assets. Users were trapped, and the growing complaints prompted an increasing scrutiny of the company's internal workings.
The former director is facing charges for inadequate record-keeping. They are also accused of deceptive maneuvers that may have led to disruption and financial losses.
Director Leaves as Case Builds
After being prevented from departing the country for several months, the director departed a few days after travel bans were eased. His departure has not interrupted the call for accountability, with regulators now proceeding with court action.
Regulators are ramping up scrutiny on crypto, pushing for stricter oversight. The case also serves as a stark warning to executives who think they can ignore the rules.
#ACX #ACXCoin #LegalUpdate #crypto #Regulators
XRP LAWSUIT UPDATE: Is a Settlement Imminent? What It Means for Your Holdings!
🚨The SEC vs. Ripple lawsuit has been a rollercoaster, but recent developments suggest we might be nearing a resolution! This legal battle has significant implications not just for XRP, but for the entire crypto industry.
What's the latest?
•Rumors of settlement talks are swirling. 🤝•Regulatory clarity could unlock massive potential for XRP.
🔓If a settlement happens, how do you think it will impact XRP's price? Will it finally reclaim its spot among the top cryptos? Share your predictions and insights! 👇
#XRP #Ripple #SECLawsuit #CryptoRegulation #LegalUpdate
$XRP
🚨The SEC vs. Ripple lawsuit has been a rollercoaster, but recent developments suggest we might be nearing a resolution! This legal battle has significant implications not just for XRP, but for the entire crypto industry.
What's the latest?
•Rumors of settlement talks are swirling. 🤝•Regulatory clarity could unlock massive potential for XRP.
🔓If a settlement happens, how do you think it will impact XRP's price? Will it finally reclaim its spot among the top cryptos? Share your predictions and insights! 👇
#XRP #Ripple #SECLawsuit #CryptoRegulation #LegalUpdate
$XRP
For the 1st time ever any crypto Exchange 💱 going to be promoted in Pakistan openly. It's just after the Trumps Inauguration. Let's see how Pakistan's government Reacts 🥰
But it's good for Crypto future in Pakistan 🚀
#pakistanicrypto #WhiteHouseCryptoSummit #Pakistan
#PSL #LegalUpdate
$DOGE $BTC $SOL
But it's good for Crypto future in Pakistan 🚀
#pakistanicrypto #WhiteHouseCryptoSummit #Pakistan
#PSL #LegalUpdate
$DOGE $BTC $SOL
Pakistan is finally moving forward!
I just wish this had happened two years ago instead of getting stuck in the endless Halal vs. Haram debate.
This is evolution, not just a religious argument. The world is progressing, and it’s time we do too!
#Crypto #Pakistan #LegalUpdate
I just wish this had happened two years ago instead of getting stuck in the endless Halal vs. Haram debate.
This is evolution, not just a religious argument. The world is progressing, and it’s time we do too!
#Crypto #Pakistan #LegalUpdate
Govt Constitutes Pakistan Crypto Council To Accelerate Digital Transformation -14 March 2025🇵🇰 🤝
LONDON/ISLAMABAD:
In a landmark move to accelerate digital transformation, the government of Pakistan has officially constituted the Pakistan Crypto Council (PCC).
A notification issued by the Finance Division announced that the Pakistan Crypto Council will comprise a high-level panel of members tasked with shaping the nation’s digital financial future.
The council’s composition includes: Chairman: Minister for Finance and Revenue; Member: Governor, State Bank of Pakistan; Member: Federal Secretary, Law and Justice Division; Member: Federal Secretary, IT; and Member: Chairman, Securities and Exchange Commission of Pakistan.
The council has appointed Bilal Bin Saqib as its chief executive officer, signaling a commitment to integrating cryptocurrency and blockchain technology into the nation’s financial ecosystem.
Last week, Saqib was appointed as the chief adviser to the finance minister on the Pakistan Crypto Council to reaffirm Pakistan's commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all.
Pakistan, a country that ranked 3rd in the Global Crypto Adoption Index, has 20 million active crypto currency users and $20bn + in crypto transactions.
Currently, the country ranks in the top 10 in terms of crypto adoption. With $35bn in annual remittances, the country is poised to benefit from crypto adoption.
The formal establishment of the Pakistan Crypto Council, reflects Pakistan’s strategic alignment with the global cryptocurrency revolution.
The council is set to position Pakistan at the forefront of digital financial innovation, paving the way for a secure, transparent, and dynamic digital ecosystem.
🌷💛🤝
#Pakistan #CryptoInPak #LegalUpdate #BinanceSquareFamily
In a landmark move to accelerate digital transformation, the government of Pakistan has officially constituted the Pakistan Crypto Council (PCC).
A notification issued by the Finance Division announced that the Pakistan Crypto Council will comprise a high-level panel of members tasked with shaping the nation’s digital financial future.
The council’s composition includes: Chairman: Minister for Finance and Revenue; Member: Governor, State Bank of Pakistan; Member: Federal Secretary, Law and Justice Division; Member: Federal Secretary, IT; and Member: Chairman, Securities and Exchange Commission of Pakistan.
The council has appointed Bilal Bin Saqib as its chief executive officer, signaling a commitment to integrating cryptocurrency and blockchain technology into the nation’s financial ecosystem.
Last week, Saqib was appointed as the chief adviser to the finance minister on the Pakistan Crypto Council to reaffirm Pakistan's commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all.
Pakistan, a country that ranked 3rd in the Global Crypto Adoption Index, has 20 million active crypto currency users and $20bn + in crypto transactions.
Currently, the country ranks in the top 10 in terms of crypto adoption. With $35bn in annual remittances, the country is poised to benefit from crypto adoption.
The formal establishment of the Pakistan Crypto Council, reflects Pakistan’s strategic alignment with the global cryptocurrency revolution.
The council is set to position Pakistan at the forefront of digital financial innovation, paving the way for a secure, transparent, and dynamic digital ecosystem.
🌷💛🤝
#Pakistan #CryptoInPak #LegalUpdate #BinanceSquareFamily
Govt Constitutes Pakistan Crypto Council To Accelerate Digital Transformation -14 March 2025🇵🇰 🤝
LONDON/ISLAMABAD:
In a landmark move to accelerate digital transformation, the government of Pakistan has officially constituted the Pakistan Crypto Council (PCC).
A notification issued by the Finance Division announced that the Pakistan Crypto Council will comprise a high-level panel of members tasked with shaping the nation’s digital financial future.
The council’s composition includes: Chairman: Minister for Finance and Revenue; Member: Governor, State Bank of Pakistan; Member: Federal Secretary, Law and Justice Division; Member: Federal Secretary, IT; and Member: Chairman, Securities and Exchange Commission of Pakistan.
The council has appointed Bilal Bin Saqib as its chief executive officer, signaling a commitment to integrating cryptocurrency and blockchain technology into the nation’s financial ecosystem.
Last week, Saqib was appointed as the chief adviser to the finance minister on the Pakistan Crypto Council to reaffirm Pakistan's commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all.
Pakistan, a country that ranked 3rd in the Global Crypto Adoption Index, has 20 million active crypto currency users and $20bn + in crypto transactions.
Currently, the country ranks in the top 10 in terms of crypto adoption. With $35bn in annual remittances, the country is poised to benefit from crypto adoption.
The formal establishment of the Pakistan Crypto Council, reflects Pakistan’s strategic alignment with the global cryptocurrency revolution.
The council is set to position Pakistan at the forefront of digital financial innovation, paving the way for a secure, transparent, and dynamic digital ecosystem.
#Pakista n #CryptoInPak #LegalUpdate #BinanceSquareFamily
In a landmark move to accelerate digital transformation, the government of Pakistan has officially constituted the Pakistan Crypto Council (PCC).
A notification issued by the Finance Division announced that the Pakistan Crypto Council will comprise a high-level panel of members tasked with shaping the nation’s digital financial future.
The council’s composition includes: Chairman: Minister for Finance and Revenue; Member: Governor, State Bank of Pakistan; Member: Federal Secretary, Law and Justice Division; Member: Federal Secretary, IT; and Member: Chairman, Securities and Exchange Commission of Pakistan.
The council has appointed Bilal Bin Saqib as its chief executive officer, signaling a commitment to integrating cryptocurrency and blockchain technology into the nation’s financial ecosystem.
Last week, Saqib was appointed as the chief adviser to the finance minister on the Pakistan Crypto Council to reaffirm Pakistan's commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all.
Pakistan, a country that ranked 3rd in the Global Crypto Adoption Index, has 20 million active crypto currency users and $20bn + in crypto transactions.
Currently, the country ranks in the top 10 in terms of crypto adoption. With $35bn in annual remittances, the country is poised to benefit from crypto adoption.
The formal establishment of the Pakistan Crypto Council, reflects Pakistan’s strategic alignment with the global cryptocurrency revolution.
The council is set to position Pakistan at the forefront of digital financial innovation, paving the way for a secure, transparent, and dynamic digital ecosystem.
#Pakista n #CryptoInPak #LegalUpdate #BinanceSquareFamily
A legal expert has warned that U.S. crypto regulation reforms may face significant delays, possibly until 2026 or beyond. Ongoing legal battles and lack of coordination between agencies like the SEC and CFTC are slowing progress. The absence of clear rules is creating uncertainty for investors and forcing some crypto companies to move abroad. Industry leaders say innovation is at risk without regulatory clarity. While some bills have been proposed, political gridlock and the upcoming elections make swift action unlikely. For now, experts recommend staying compliant and alert as the legal landscape continues to evolve.
#LegalUpdate $BTC
#LegalUpdate $BTC
🚨 Ethereum Developer Detained in Turkey Over Alleged Network Misuse
🇹🇷 Fede’s Intern, a well-known Ethereum developer and infrastructure builder, was recently detained in Turkey amid accusations of alleged misuse of the Ethereum network. He firmly denies the charges, emphasizing that his work is fully transparent and lawful.
🗣 “We are just infra builders. Everything we do is in the open,” he stated, underscoring that neither he nor his companies have engaged in any criminal activity.
🌐 Operating companies across more than a dozen industries globally, Fede’s Intern has reached out to senior contacts in Europe, the US, UAE, and Asia to assist with the situation. Discussions are ongoing about relocating his legal defense outside Turkey.
📢 As of now, Turkish authorities have not clarified what exactly constitutes “network misuse” nor confirmed formal charges. The interior minister alleged involvement in aiding exploitation of Ethereum, but Fede remains committed to cooperating with authorities.
⚠️ This case highlights the complex legal landscape surrounding blockchain technology and the need for clear regulatory frameworks globally.
#Ethereum #Blockchain #CryptoLaw #LegalUpdate #Blockchain
https://coingape.com/ethereum-developer-arrested-in-turkey-over-alleged-network-misuse/?utm_source=bnb&utm_medium=coingape
🇹🇷 Fede’s Intern, a well-known Ethereum developer and infrastructure builder, was recently detained in Turkey amid accusations of alleged misuse of the Ethereum network. He firmly denies the charges, emphasizing that his work is fully transparent and lawful.
🗣 “We are just infra builders. Everything we do is in the open,” he stated, underscoring that neither he nor his companies have engaged in any criminal activity.
🌐 Operating companies across more than a dozen industries globally, Fede’s Intern has reached out to senior contacts in Europe, the US, UAE, and Asia to assist with the situation. Discussions are ongoing about relocating his legal defense outside Turkey.
📢 As of now, Turkish authorities have not clarified what exactly constitutes “network misuse” nor confirmed formal charges. The interior minister alleged involvement in aiding exploitation of Ethereum, but Fede remains committed to cooperating with authorities.
⚠️ This case highlights the complex legal landscape surrounding blockchain technology and the need for clear regulatory frameworks globally.
#Ethereum #Blockchain #CryptoLaw #LegalUpdate #Blockchain
https://coingape.com/ethereum-developer-arrested-in-turkey-over-alleged-network-misuse/?utm_source=bnb&utm_medium=coingape
🚨NEWS IN: TORNADO CASH LEGAL BATTLE 🔥🔥
On August 28th, The Block reported that the Solana Policy Institute has donated $500,000 to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. Both developers have been convicted in relation to the cryptocurrency mixer—Pertsev received a 64-month sentence in the Netherlands for aiding a $1.2 billion money laundering operation, while Storm was recently convicted in New York for unlicensed money transmitting. The jury, however, did not reach a consensus on more severe charges including money laundering and sanctions violations.
The Solana Policy Institute's $500,000 contribution to the legal defense of Tornado Cash developers is a significant and strategic move that resonates deeply within the crypto community. This action transcends a simple donation; it represents a major stand in a foundational battle over code, privacy, and regulatory overreach. The case against Storm and Pertsev sets a dangerous precedent that could criminalize the act of developing open-source software, potentially stifling innovation and scaring developers away from building privacy-focused tools. By financially backing their defense, a prominent industry entity is signaling that this is a watershed moment for the entire ecosystem. The outcome will likely define the legal boundaries for developers, determine the future of financial privacy technologies, and clarify whether individuals can be held liable for how others misuse their neutral, open-source code. Consequently, this legal battle is not just about two developers but is widely viewed as a defensive fight for the core principles of permissionless innovation and decentralized technology.
#TornadoCash. #LegalUpdate
On August 28th, The Block reported that the Solana Policy Institute has donated $500,000 to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. Both developers have been convicted in relation to the cryptocurrency mixer—Pertsev received a 64-month sentence in the Netherlands for aiding a $1.2 billion money laundering operation, while Storm was recently convicted in New York for unlicensed money transmitting. The jury, however, did not reach a consensus on more severe charges including money laundering and sanctions violations.
The Solana Policy Institute's $500,000 contribution to the legal defense of Tornado Cash developers is a significant and strategic move that resonates deeply within the crypto community. This action transcends a simple donation; it represents a major stand in a foundational battle over code, privacy, and regulatory overreach. The case against Storm and Pertsev sets a dangerous precedent that could criminalize the act of developing open-source software, potentially stifling innovation and scaring developers away from building privacy-focused tools. By financially backing their defense, a prominent industry entity is signaling that this is a watershed moment for the entire ecosystem. The outcome will likely define the legal boundaries for developers, determine the future of financial privacy technologies, and clarify whether individuals can be held liable for how others misuse their neutral, open-source code. Consequently, this legal battle is not just about two developers but is widely viewed as a defensive fight for the core principles of permissionless innovation and decentralized technology.
#TornadoCash. #LegalUpdate
Donald Trump posted an Al-generated image on X showing himself holding a giant YouTube check. The post refers to a real settlement.
YouTube agreed to pay $24.5 million to end Trump's lawsuit over his suspension after January 6, 2021. About $22 million goes to the Trust for the National Mall, with the rest to other plaintiffs.
YouTube has not admitted wrongdoing, but the deal closes a long-running dispute after Trump's account was reinstated in 2023.
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🔸 Follow for tech, biz, and market insights
#Trump #YouTubeSettlement #SocialMediaNews #AIImage #LegalUpdate
YouTube agreed to pay $24.5 million to end Trump's lawsuit over his suspension after January 6, 2021. About $22 million goes to the Trust for the National Mall, with the rest to other plaintiffs.
YouTube has not admitted wrongdoing, but the deal closes a long-running dispute after Trump's account was reinstated in 2023.
-
🔸 Follow for tech, biz, and market insights
#Trump #YouTubeSettlement #SocialMediaNews #AIImage #LegalUpdate
🚨 Attention $XRP
Holders: A Critical Moment for XRP and the Crypto Market! 🚨
If you're holding even a single XRP token, this is a key moment
you can't afford to miss. The SEC’s ongoing case against Ripple
is nearing its final stages, and the outcome could significantly
impact XRP and the entire cryptocurrency market. Here’s why
this legal battle is so crucial:
⚖️ The SEC’s Last Opportunity:
The SEC is nearing its final opportunity to make a decisive move in its legal battle against Ripple, with key court rulings on the
horizon. The potential verdict could have far-reaching
implications for the crypto space as a whole.
Ripple Wins: A victory for Ripple would likely provide much-
needed clarity for XRP, triggering a potential surge in its value
as institutional confidence increases.SEC Wins: A short-term
setback for XRP, but it’s important to note that an appeal could
follow, and the legal saga may continue, keeping long-term
potential intact.
📈 What This Means for XRP:
Optimistic Scenario: If Ripple comes out victorious, XRP could
see explosive growth, potentially crossing the $5 mark as global adoption of its technology accelerates.Cautious Scenario: While a loss may cause short-term volatility, XRP's strong use cases
and growing utility should support its long-term potential
despite market fluctuations.
⚡ Strategic Takeaways:
Stay Updated: Keep a close eye on developments regarding the Ripple vs. SEC case for any breaking news.Plan Ahead:
Implement risk management strategies such as setting stop
losses and profit targets to weather any short-term market
turbulence.Diversify: Ensure you’re hedging against uncertainty by balancing your portfolio across multiple assets.
XRP HOLDERS: Are we on the verge of a game-changing
moment? Share your thoughts below and stay prepared for any outcome! 🚀
#XRP #Ripple #SEC #CryptoMarket #LegalUpdate
Holders: A Critical Moment for XRP and the Crypto Market! 🚨
If you're holding even a single XRP token, this is a key moment
you can't afford to miss. The SEC’s ongoing case against Ripple
is nearing its final stages, and the outcome could significantly
impact XRP and the entire cryptocurrency market. Here’s why
this legal battle is so crucial:
⚖️ The SEC’s Last Opportunity:
The SEC is nearing its final opportunity to make a decisive move in its legal battle against Ripple, with key court rulings on the
horizon. The potential verdict could have far-reaching
implications for the crypto space as a whole.
Ripple Wins: A victory for Ripple would likely provide much-
needed clarity for XRP, triggering a potential surge in its value
as institutional confidence increases.SEC Wins: A short-term
setback for XRP, but it’s important to note that an appeal could
follow, and the legal saga may continue, keeping long-term
potential intact.
📈 What This Means for XRP:
Optimistic Scenario: If Ripple comes out victorious, XRP could
see explosive growth, potentially crossing the $5 mark as global adoption of its technology accelerates.Cautious Scenario: While a loss may cause short-term volatility, XRP's strong use cases
and growing utility should support its long-term potential
despite market fluctuations.
⚡ Strategic Takeaways:
Stay Updated: Keep a close eye on developments regarding the Ripple vs. SEC case for any breaking news.Plan Ahead:
Implement risk management strategies such as setting stop
losses and profit targets to weather any short-term market
turbulence.Diversify: Ensure you’re hedging against uncertainty by balancing your portfolio across multiple assets.
XRP HOLDERS: Are we on the verge of a game-changing
moment? Share your thoughts below and stay prepared for any outcome! 🚀
#XRP #Ripple #SEC #CryptoMarket #LegalUpdate
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