USDT Top-Ups, Multi-Currency Swaps, Virtual Cards: Where Is the Criminal Line for Web3 Payment Platforms?
Web3 payment platforms combining USDT deposits, multi-currency swaps, and virtual cards risk being classified as unlicensed financial services. Regulators focus on the totality of functions, not individual features. The line is crossed...
Executives Taking USDT and Bitcoin as Kickbacks: How Is the Crime of Non-State Employee Bribery Determined?
Chinese judicial authorities are clarifying that accepting USDT or Bitcoin as kickbacks constitutes the crime of non-state employee bribery. On-chain evidence is admissible, and companies must update compliance to address digital asset...
Bybit v. North Korea: Legal Roadmap for Recovering $1.5B in Stolen Crypto
Bybit's legal pursuit of the $1.5B stolen by North Korean hackers is a landmark test of crypto recovery law. The case faces jurisdictional hurdles, state immunity, and asset tracing complexities, with experts...
Bybit’s $1.5B Lazarus Lawsuit: Legal Strategy, Recovery Odds, and Industry Fallout
Bybit's $1.5B lawsuit against Lazarus Group combines sanctions law and anti-terrorism statutes to recover stolen funds. While legal theories are strong, practical recovery faces major obstacles. The case could set precedents for...
MiCA CASP Passporting: Not a Universal Pass to the EU Market
MiCA's CASP passporting is not a universal pass: national regulators retain discretion, and firms face a patchwork of AML, marketing, and operational obligations. A nuanced, market-by-market approach is essential for EU expansion.
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