Nov 4, 2025When Code Becomes Conduct: What the Tornado Cash Verdict Means for DeFi
KEY TAKEAWAYS A MIXED VERDICT In August 2025, the U.S. District Court for the Southern District of New York delivered a mixed verdict in United States v. Roman Storm1. The jury convicted Roman Storm of conspiracy to operate an unlicensed money transmitting business2, but failed to reach a unanimous decision on the two more serious counts, i.e., conspiracy […]
Dec 20, 2024Dubai Court Ruling on Crypto Trading: What Is and Isn’t Prop Trading
KEY TAKEAWAYS INTRODUCTION On 20 November 2024, the Dubai Court of Cassation, in Case 452/2024, clarified the legal status of cryptocurrency trading in Dubai. The ruling distinguished personal crypto trading from commercial activities, providing much-needed regulatory clarity in Dubai’s evolving virtual asset landscape. The Court addressed a crucial question: How does Dubai regulate individual crypto […]
Nov 29, 2024Shanghai Court recognises the Legality of Crypto Ownership for Individuals
KEY TAKEAWAYS INTRODUCTION: CRYPTO LEGITIMISED AS PROPERTY In a recent opinion published on the Shanghai High Court’s official WeChat account, Judge Sun Jie (“Judge Jie“), a judge at the Shanghai Songjiang District People’s Court (the “Court“), confirmed that it is not illegal for individuals in China to hold, buy, or sell cryptocurrencies, recognising them as […]
Aug 24, 2024Dubai Court Embraces Crypto: Employment Salaries may now be Payable in Cryptocurrencies
KEY TAKEAWAYS BACKGROUND In a landmark 2024 ruling, the Dubai Court of First Instance has recognised the legality of paying salaries in cryptocurrency under employment contracts by companies operating in Dubai. This decision, from Labour Case number 1739 of 2024 (“Labour Case“), marks a shift in the UAE judiciary’s stance on cryptocurrency. In the Labour Case, […]
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