Predictions markets have seen a huge rise in users with sites like Polymarket and Kalishi raising large funding rounds and experiencing exponential growth. The speed with which these offerings have grown has started to run into regulatory hurdles however, and last Friday, regulators in Tennessee sent a cease-and-desist letter to Polymarkets, Crypto.com and Kalshi, alleging that their predictions markets were in fact unlicensed gambling. The same day Kalshi commenced lega

The Victorian Court of Appeal has endorsed the view that bitcoin (BTC) is a form of property and that its misappropriation is capable of being prosecuted as theft. The judgment follows an appellate decision of the Supreme Court of Tasmania’s recognising that Bitcoin is property but endorsing the view that it does not neatly fit within the existing categories of chose in action and chose in possession. Background In Connor Yeates (A Pseudonym) v the King [2025] VSCA 288 , the

Regulatory shake-ups for digital assets continued into and throughout 2025, with newly enacted legislation and anticipated policy shifts in hopes of encouraging innovation and confidence in the digital asset space. Bits of Blocks ( Bob ) has been on the beat, delivering breaking news on legal developments affecting the blockchain and crypto industry. To celebrate, we present the '12 Days of Bobmas' – a chronological journey through our top stories of the year.   To Dystopia a

The Australian Government has taken a significant step toward regulating digital asset platforms under the Australian Financial Services Licensing ( AFSL ) regime, with draft legislation set for its second reading in Parliament. This swift move follows public consultations with industry on exposure draft legislation which were completed on 24 October 2025 . Feedback during the consultation period was broadly supportive, though concerns remain about compliance costs, definitio

In a recent speech, the Securities and Exchanges Commission ( SEC ) Chairman, Paul Atkins, tackled one of the most vexed issues in relation to cryptocurrency, the application of the US securities laws. The speech shed more light on ‘Project Crypto’, the commission's flagship initiative to drive America’s digital finance revolution. The SEC Chairman announced earlier this year plans to facilitate US financial markets to move on-chain and renewed his call to embrace market inn

The Cayman Islands, with a secure British legal system, safe business environment and tax neutral status, has long been a favoured home to US Hedge funds (35,000+) and crypto companies, and new data from the Cayman Islands General Registry underscores just how much that growth has continued. In 2017, the Cayman Islands legislated into existence the Cayman Foundation in the Foundation Companies Act , a highly flexible corporate structure which could operate to manage wealth an

The US continues to drive forward in crypto, with the powerful Commodities, Futures Trading Commission ( CFTC ), which has often been seen in competition with the Securities Exchanges Commission ( SEC ), moving to announce a digital asset pilot program and updated guidance under which tokenised assets will be approved for use as collateral for derivatives in regulated US markets and "outdated" requirements removed . The move could see a variety of tokenised assets used incr

Ethereum upgrades have always been a mix of spectacle and subtlety—Dencun's blobs reshaped Layer 2 economics overnight, Pectra's account tweaks whispered promises of smoother user experiences. But the latest fork: Fusaka, activated on December 3, 2025, at epoch 411,392 (around 21:50 UTC), was more of an under-the-hood upgrade that will have broader and longer impacts. Named after a cosmic nod—"Fulu" for the consensus layer's starry precision, "Osaka" for the Devcon 2025 host

Uniswap, one of the largest decentralised exchanges has announced a proposal to activate its long-debated fee switch . The proposal would see the protocol begin collecting fees and introduce a programmatic mechanism that enable users paid to burn UNI governance tokens . How will the fee switch work? The fee switch is a mechanism built into Uniswap’s protocol that allows governance to redirect a share of trading fees from liquidity providers to UNI token holders. Until now, t