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Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions
25.11.2019
News.Bitcoin.com has initiated a regular roundup of cryptocurrency regulatory developments around the world. For the first edition, we cover six U.S. regulators and India’s decisions on the supreme court hearing and crypto bill. We also cover China’s rekindled cleanup...
Former Hollywood Executive Admits to Embezzling $22M to Buy Crypto and Gamble
25.11.2019
A former executive of Hollywood-based StyleHaul Inc, Dennis Blieden, has admitted to embezzling $22 million from his employer to buy crypto and gamble
Binance CEO: ‘We Will Be Suing’ The Block Over China Police Raid Story
23.11.2019
Binance to sue The Block and create “FUD fighting fund”
What Indian Crypto Exchanges Are Doing to Protect P2P Users
23.11.2019
With the Supreme Court of India postponing the crypto hearing, the Indian crypto community is calling for better protection when trading on P2P platforms. Several top crypto exchanges in the country have shared their processes and policies they have implemented to protect their P2P platform users....
Maduro Plans to Give Venezuelan Pensioners Petro as Christmas Bonus
21.11.2019
Regional news outlets from Venezuela have revealed that President Nicolás Maduro plans to dole out petro as a ‘Christmas bonus’ for Venezuelan retirees and pensioners. Moreover, despite the fact that many Venezuelans say average citizens don’t use the petro, Maduro also...
New York Judge Grants US Government Right to Intervene in $7M Bitcoin Fraud Case
20.11.2019
The U.S. government now has the right to interfere in a multimillion Bitcoin scam case initially brought before the court by the CFTC
Indian Supreme Court Wraps up Crypto Hearing for the Year
19.11.2019
The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian...
U.S. Federal Judge Rules in Favor Bitcoin IRA in Case Against Kingdom Trust
15.11.2019
A U.S. federal judge has ruled against asset custodian Kingdom Trust in an ongoing lawsuit with Bitcoin IRA
Indian Government Delays Introducing Cryptocurrency Bill
15.11.2019
The Indian government previously told the supreme court that the country’s cryptocurrency bill may be introduced in the Winter session of parliament. However, the crypto bill is not included in the agenda published by Lok Sabha, the lower house of India’s parliament. This gives...
OneCoin Co-Founder Pleads Guilty, Faces up to 90 Years in Jail
14.11.2019
OneCoin co-founder Ignatov pleaded guilty to role in OneCoin, disclosing more details about his missing accomplice and sister Ruja Ignatova
Indian Government Programs Add New Crypto Courses
14.11.2019
The Indian government has added new educational courses teaching cryptocurrency and blockchain technology to the public and law enforcement officers. Amid regulatory uncertainty and banking restrictions, cryptocurrency and blockchain technology remain important topics of study in India. Also read:...
Kik Suffers Setbacks With ‘Void for Vagueness’ Defense in SEC Case
13.11.2019
Kik has hit a brick wall with its ambitious "void for vagueness" defense in a case brought by the SEC over its $100 million initial coin offering
South Korean Exchange CEO Sentenced to 16 Years in Prison
13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...
Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing
13.11.2019
Messaging app firm Telegram has made a new plea to a U.S. court to drop an action brought by the SEC alleging its token is a security
Telegram Asks Court to Dismiss SEC Lawsuit Against Gram Cryptocurrency
13.11.2019
SEC probe against Gram cryptocurrency launch should be thrown out, says Telegram
Dutch Court Orders Facebook to Remove Fake Bitcoin Ads
11.11.2019
A Dutch court ruled that Facebook must pull fake BTC investments ads exploiting John de Mol’s image
Scale of OneCoin Scam Unravels Amid Ongoing Court Hearings
10.11.2019
Konstantin Ignatov, the brother of OneCoin’s creator, claims that since going into hiding, his sister has been given refuge by a Russian businessman
New York Resident Indicted for Crypto Scam, Charged With Wire Fraud
6.11.2019
U.S. authorities have charged a New York resident with wire fraud for misusing investors’ funds in a digital currency scheme dubbed Igobit
Shaoxing Court Gives the First-Ever Criminal Sentence Verdict Based on Blockchain Evidences
4.11.2019
As per recent reports, a court in the Chinese city of Shaoxing has announced its verdict of the criminal sentence in a case associated with blockchain deposits. As such, it is the first-ever criminal sentence verdict given in China. In a consultation revealed on Wednesday, the People’s Court...
Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin
4.11.2019
A New York court has entered an order forcing defendants to pay $4.25 million in penalties for investment fraud involving the “worthless” cryptocurrency ATM Coin