NY Legal Firm to Launch Crypto Litigation Tracker

The tracker seeks to provide updates and information on all active legal proceedings in the United States involving cryptocurrency companies
02 April 2018   344

New York law firm Morrison Cohen LLP has launched a special tracker called MoCo Cryptocurrency Litigation, which tracks and updates information about all active litigation in the United States related to cryptocurrencies. This is reported by News Bitcoin Com.

At the time of publication there are information about 63 active processes in the tracker. The cases are arranged in chronological order and divided into several categories.

According to the idea of ​​the creators, with the help of a tracker, potential investors will be able to assess the company quick or to find out whether it is subject to legal proceedings. The service also provides links to all documents related to the listed cases, including final orders.

Currently, 27 of the 63 cases submitted are related to the suspension of activities, 24 are described as "Group claims and other private proceedings", another 18 cases - "Proceedings involving regulators".

It is noted that Morrison Cohen will also monitor the regulatory-related cryptocurrency claims of such agencies as the Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Regulatory Authority, and the New York State Department of Financial Services, in addition to “other regulatory announcements” including those made by executive order.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.