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Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims
29.7.2022
Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims....
400+ Crypto Advertisements Violate Guidelines in India — ‘Some Influencers Talk About Crypto Without Understanding It’
29.6.2022
The Advertising Standards Council of India (ASCI) has reportedly revealed that more than 400 crypto ads violated its guidelines so far this year. The majority of complaints the ad council received are directed at influencers. “Some influencers talk so confidently about crypto without fully...
Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions
13.4.2022
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Korea. According to the U.S. Department of Justice (DOJ), his presentation provided the Kim Jong...
Patreon Removes Ukrainian Charity Raising Military Aid Citing Policy Violation
25.2.2022
The non-profit is also raising funds in bitcoin but Patreon was the most convenient way for foreigners to donate to the fund, according to the charity's director
Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Regulations
6.9.2021
Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance...
Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware
6.8.2021
Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto...
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...
Taiwanese Prosecutors Swoop, Accusing Bitmain of IP Violations
9.3.2021
Taiwan’s New Taipei District Prosecutors Office is investigating the possibility that the Mainland Chinese crypto mining giant Bitmain has, in the prosecutors’ own words, “poached” up to 100 AI engineers from Taiwanese companies in an operation that allegedly began back in 2018, per multiple media...
BitPay to Pay $500K to Settle OFAC Sanction Violation Charges
18.2.2021
BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations
OFAC Warns That Firms Helping Victims With Ransomware Payouts Risk Violating Its Rules
5.10.2020
If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says
Court finds blockchain firm guilty of license violation — but CEO vows to fight back
1.10.2020
A Dutch court ruled against Apollo for cloning over 75% of its code from blockchain developer Jelurida’s code but failing to adhere to the terms of its license
Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’
28.6.2020
Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3...
US Court Fines ICOBox $16M for Securities Violation in SEC Case
12.3.2020
The SEC won a default judgement against ICO-as-a-service platform ICOBox and CEO Nikolay Evdokimov
Vinnik’s Children File a Complaint About Rights Violation to Greek Court
20.1.2020
The lawyers of alleged $4 billion Bitcoin launderer Alexander Vinnik file a complaint alleging violation of Vinnik’s rights on behalf of his children
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....
US Regulator Joins Canada in Fining Blockchain Firm CEO for Securities Act Violation
15.5.2019
NextBlock Global CEO Alex Tapscott has been fined $25,000 by the US Securities and Exchange Commission