Chainalysis, a blockchain analytics firm, is facing a $650 million defamation lawsuit filed by Exceptional Media, the operator of the YieldNodes investment project. The suit arises from Chainalysis labeling YieldNodes as an 'investment scam,' which the plaintiff claims has damaged its reputation and clientele. Exceptional Media alleges malicious intent and seeks substantial damages, while Chainalysis has filed motions to dismiss the claims, asserting that the plaintiff failed to prove the legitimacy of YieldNodes. Meanwhile, the European Securities and Markets Authority (ESMA) calls for amendments to EU crypto regulations, advocating for stricter Anti-Money Laundering measures as the market matures. Additionally, Cyprus and Ireland are racing to align their regulations with upcoming EU rules. In another significant development, the UAE's Ras Al Khaimah is set to introduce a legal framework for decentralized autonomous organizations (DAOs) to promote its digital asset economy. Lastly, Italy plans to increase capital gains tax on Bitcoin from 26% to 42%, a move that could dampen investor enthusiasm.

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