code is law
Craig S. Wright Explores 'Code is Law' Paradigm in Digital Governance Debate
Dr. Craig Wright's blog post on "Open-Source Development" rekindles debate on "Code is Law" principle, emphasizing the need for a balanced approach balancing code precision with legal considerations.
China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency
At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.
Apple Faces Major Complaint for Tracking Code that Allegedly Violates EU Privacy Regulations
A complaint that alleges that Apple’s Identifier for Advertisers code (IDFA) is a privacy breach going against European laws has been filed.
Cardano’s Shelley Mainnet Code Launch at Virtual Summit Could be a Catalyst for ADA Price Rally
Prior to the bearish slump, Cardano’s ADA cryptocurrency has risen around 50% since late May 2020, in light of the news of its Shelley upgrade. The Shelley mainnet is a decentralized network of community nodes operating on a proof-of-stake consensus protocol, with less central governance coming from the developers.
Hong Kong’s National Security Law Triggers Exodus of Wealthy Society’s Capital, Is Gold Being Dumped for Bitcoin?
Hong Kong’s rich and affluent are reportedly moving large amounts of gold out of the major financial hub following Beijing’s imposed national security law. According to well-known Bitcoin bull Max Keiser, Bitcoin is a better way to export your fortune.
India Considers New Law to End Crypto Trading Despite Numerous Overturns by the Supreme Court
The Indian government is planning to bring in a new law to ban cryptocurrency trading, following the prohibition of banks and financial services to provide services related to crypto.
Oxford Law Researchers Call for Strict Cryptocurrency Regulation to Avoid Another Financial Crisis
Researchers at Oxford University Law Faculty claim that crypto market regulation is mandatory to prevent systemic risk in times of financial crisis.
China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights
The Chinese Supreme Court has decided to strengthen cryptocurrency property rights. China’s Supreme Court is looking to further protect property rights, including economic property rights through different ownership systems in accordance with the law.
India’s Government Plans to Bring Back Law to Ban Cryptocurrencies
A report revealed that the Finance Ministry is now inviting other ministries to have a discussion of its earlier draft on the crypto ban introduced a year ago.
Law Enforcement Officials Divided on Ripple XRP Outcome as SEC Lawsuit Court Date Looms
As the pretrial date for the SEC lawsuit against Ripple is set for February 22, many lawmakers have speculated on the possible outcome for XRP.
XRP Slides by 10% as United States SEC Poised to Sue Ripple for Securities Law Violation
XRP has slid below the $0.50 level and is down by 9%, as news that the US Securities and Exchange Commission will sue Ripple has broken out.
Steven Seagal Under Siege from US SEC for Shilling 2018 ICO
Iconic 90s martial arts film star Steven Seagal has come under siege from the US Securities and Exchange Commission (SEC) who have made an executive decision to show the Aikido master that he is not above the law for his involvement in the Bitcoiin2Gen ICO of 2018.
US Court to Determine Which Law Firm Should Lead Classic Action Against Tether
Tether (USDT) stablecoin issuer, IFinex and its subsidiary, Bitfinex exchange are facing charges of allegedly manipulating the price of Bitcoin in 2017. Although the company, on the other hand, is vehemently in denial of the charges levelled against it.