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US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity
18.12.2019
A Federal Reserve official supported a study claiming that 25% of Bitcoin users and 50% of transactions are in some way illegal
Indian Crypto Community Gathers to Dispel Confusion About Regulation
18.12.2019
As the Indian government deliberates on the country’s crypto policy, there has been some confusion in media reports regarding crypto regulation in India. A group of local crypto enthusiasts and community members have gathered in an effort to ensure that the crypto situation in India...
MARKETS DAILY: Russian Drugs and The Most Illegal ICO Ever?
13.12.2019
With bitcoin recovering after four straight days of decline we're talking about what may be the most illegal ICO ever, tokens for Mongolian taxi fares, Bitmain’s Texas hedge and one "suicidal" startups surprising success
Ohio Crypto Program Hits a Snag, Attorney General Finds It Illegal
14.11.2019
The Attorney General of the U.S. state of Ohio has assessed the state’s crypto program and concluded that it is a legal violation of state law. The state’s former treasurer skirted the law to launch a website that allowed 23 types of tax payments in cryptocurrency ahead of other states....
Jailed Deepdotweb Admin Denies Earning $15M From Darknet Links
12.11.2019
In an interview from prison, one of Deepdotweb’s operators has disputed the $15 million allegedly made from “illegal” referral links, claiming “There was no such amount.” Currently on remand in France, Israeli citizen Tal Prihar stands accused of directing visitors...
Impacts of Blockchain Technology in Preventing Illegitimate and Illegal Activities
11.11.2019
Illegal activities associated with cryptocurrencies are not a new thing and it has been raising mammoth concern in the financial markets as well. The government is taking precautionary measures in every way possible, to stop these illicit activities involving crypto-assets. In fact, the Government...
NY Court Orders Veritaseum to Pay Back $8 Million From Illegal ICO
1.11.2019
New York court orders Veritaseum to pay $8.4 million in disgorgement, while its CEO Reginald Middleton is also liable for a $1 million civil penalty
Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers
28.10.2019
Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday
China: Forex Regulator Warns Against Illegal Crypto Cross-Border Flows
28.10.2019
Emerging markets must crackdown on crypto-enabled illegal cross-border capital flows, says China’s State Administration of Foreign Exchange
Breaking: US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt
11.10.2019
U.S. SEC orders emergency action against Telegram GRM offering
Crypto Outpaces Political Donation Laws in Japan
7.10.2019
A major Japanese news publication has reported that crypto donations to individual politicians are legal and do not need to be reported publicly as donations. Japan’s Ministry of Internal Affairs and Communications verified that even though it is illegal to donate cash or securities directly...
Crypto-Derivatives Can Be Tagged as Illegal in the UK by Next Year as Per the Latest Proposal
4.10.2019
Cryptocurrencies, since their launch, have always had to bear a certain amount of uncertainty from the financial world. Taking pride in being the first virtual currency, Bitcoin has been at the forefront to experience the good as well as the bad waves in the first place. Till date, governments...
KIK Closes Messenger and Lays off Staff to Continue SEC Lawsuit Fight
1.10.2019
Kik app with over 2 million users to close unexpectedly in order to fund ongoing lawsuit for illegal ICO run in 2017
Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto
22.9.2019
An Armenian IT company illegally used $150,000 worth of electricity to mine crypto from inside a hydroelectric plant
VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet
19.9.2019
The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time...
SEC Charges Token Sale Platform For Illegal $14M Securities Offering
19.9.2019
The U.S. SEC has charged ICOBox with acting as an unregistered broker and conducting an illegal securities offering
Inner Mongolia to Shutter ‘Illegal’ Bitcoin Miners by October as China Cracks Down on Industry
17.9.2019
China’s Inner Mongolia autonomous region is carrying out an inspection to eliminate “illegal” bitcoin mining operations by October
Crypto Facilitates Money Transfer for Restricted China
14.9.2019
Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...
15 Chinese Made USD 20M With Illegal Crypto Mining Scheme - Report
5.9.2019
Fifteen suspects were arrested in south-central China, the city of Henyang, for stealing electricity from Internet cafes to mine cryptocurrency. The scheme reportedly involved bribing nearly 9,000 computer administrators and earned c. USD 20 million during the period of 24 months, reports Chinese...
From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful
6.8.2019
Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s...