New Market Structure Draft Amends Money Transmission Laws To Protect Developers
The new draft retroactively applies a control requirement to money transmitter qualifications, redefining a law unfit for the digital age.
The new draft retroactively applies a control requirement to money transmitter qualifications, redefining a law unfit for the digital age.
Lawmakers around the world are lobbying to regulate non-custodial services to combat terror financing and sanctions evasion. But non-sanctioned jurisdictions lead in DeFi adoption.
The new draft retroactively applies a control requirement to money transmitter qualifications, redefining a law unfit for the digital age.
The developers had reaffirmed their not-guilty plea as recently as last week. Money laundering charges will be dropped as part of the plea.
Both Pertsev and Storm are appealing their convictions.