Cryptocurrency holders with assets in bankrupt cryptocurrency interest account providers like Celsius Network were introduced to a new scary term– clawback provisions. A cryptocurrency clawback provision effectively claims that customers (and insiders, execs, and other parties we’ll describe below) who withdraw their cryptocurrency assets before 90 days of a debtor (company going bankrupt) declaring bankruptcy […]
Washington regulators recently introduced exchange rules for any firm wanting to allow customers to trade in cryptocurrency. They said they created Senate Bill 5031 to make the ecosystem fair for cryptocurrency exchanges and their customers. However, a number of exchanges have left the area, because they believe the rules were too burdensome. Now Washington lawmakers […]
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