Search
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...
Justin Sun Rubbishes Claims by Media House That TRON is Involved in Illegal Fundraising
23.7.2019
TRON and its founder, Justin Sun, have landed in fresh controversy after a business media outlet based out of China accused the latter of illegally raising funds why the crypto project. Accusations have come just a few hours after Tron Foundation announced the postponement of the much-awaited high...
Tron’s Justin Sun Denies Media Accusation of Illegal Crypto Fundraise
23.7.2019
A Chinese news source said Sun's cancellation of the lunch with Warren Buffett may not be for health reasons as was claimed earlier today
Complete Indian Draft Crypto Bill Leaked – Experts Weigh In
16.7.2019
A draft cryptocurrency bill for India has been leaked in full, but details of the bill have raised some questions. News.Bitcoin.com talked to a number of experts in the field who shared their analyses of the bill’s content and its implications on the Indian crypto industry. Also read:...
What Are Dollars Used for, President Trump? – The Gun Money Known as USD
12.7.2019
Donald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in...
Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown
8.7.2019
Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian...
Trading Bitcoin Is Illegal in Iran, Central Bank Official Warns
8.7.2019
Buying and selling bitcoin is prohibited in Iran by a local AML authority, a Central Bank official said
Share of Illegal Bitcoin Transactions Declined to Less Than 1%
2.7.2019
The proportion of bitcoin transactions tied to illicit deals is declining, according to blockchain research company Chainalysis.
Illegal activity has accounted for less than 1% of all bitcoin activity so far this year — down from 7% in 2012, Bloomberg reported, citing Hannah Curtis, senior product...
House Reps Question FinCEN Director on Libra’s Potential for Illegal Usage
28.6.2019
Members of House Committee on Financial Services questioned FinCEN Director Kenneth Blanco on potential illegal usage of Libra
Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
27.6.2019
On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames...
Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners
25.6.2019
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption...
Chinese Authorities to Investigate Illegal Mining Farms at ‘Global Mining Capital’ Sichuan
30.5.2019
Chinese authorities are investigating the alleged illegal bitcoin mining farms located in “global mining capital” Sichuan province
China Authorities Probe Alleged Illegal Bitcoin Mining Sites at Hydro Plants
30.5.2019
Authorities in Sichuan province are reportedly probing into local bitcoin mining farms that may have been constructed without official approval
Sony to be sued in Australia over Illegal Store Refund Policy
29.5.2019
The refund policies of many large corporations have often fallen foul of the local laws across the world over the years, and in a new development, Sony has found itself in the crosshairs of Australian laws. Over the course of the past few decades, the onset of globalization has led to some of...