Month: July 2022
Federal prosecutors in New York have charged three individuals with wire fraud in connection to an insider trading cryptocurrency scheme – one of these individuals being a former Coinbase employee. These charges are very significant to the crypto industry as they are the first official insider trading charges related to digital currency. Former Coinbase employee…
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The FBI has recently released a PSA warning cryptocurrency investors and financial institutions of fraudulent cryptocurrency investment apps. Cybercriminals often lure investors by claiming to offer legitimate investment platforms and ultimately convincing the victim to download fraudulent apps. Between December 2021 and May 2022, cybercriminals defrauded at least 28 investors of more than $3.7 million,…
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The United Kingdom has recently made a major move for the blockchain industry – in Britain, you can now use blockchain to sue. A U.K. court granted a firm permission last month to serve legal proceedings on an anonymous individual via a non-fungible token (NFT) airdrop sent to the individual’s crypto wallet. This ruling comes after Fabrizio D’Aloia,…
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Warren Law Group is pleased to welcome Carol Williams as Of Counsel to the firm! Carol is an immigration and naturalization attorney with extensive experience working with companies of all sizes, from start-ups to multinational companies, as well as individuals trying to live and work in the USA. Carol focuses much of her practice on…
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As cryptocurrencies began to dominate internationally, countries such as El Salvador and most recently, Panama are adopting rules to allow for a crypto-inclusive world. These countries are being seen as a front runner for crypto regulations and are inspiring other countries to implement similar regulations. Panama is currently drafting crypto laws that have the potential…
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The Financial Stability Board (FSB) has announced it will release international cryptocurrency regulations in October. The FSB has announced these upcoming guidelines after the crypto market has faced great turmoil and volatility. Bitcoin has slumped nearly 70% since November of 2021, resulting in an increased demand for a legal, regulatory framework behind crypto. Government regulators…
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Warren Law Group is pleased to welcome Maximilian Travis as Of Counsel to the firm! Maximilian has several years of experience representing contractors, developers, and homeowners in commercial and construction litigation in State Courts. Maximilian has also represented corporate clients in various partnership disputes, mediation, arbitration, and contract and settlement negotiations of many kinds. Click…
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FINRA released its 2021 Annual Financial Report, which details the regulator’s finances and enforcement program. FINRA’s enforcement reported $103 million in fines, $47 million in restitution to harmed investors, 1 firm was expelled, 386 brokers were suspended, and 269 brokers were barred. Significantly, FINRA made 2,390 referrals to state, federal, and international regulations. Jon-Jorge Aras,…
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