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Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges
2.10.2021
A government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned. Authorities...
Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300
11.9.2021
Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power...
Australian regulator issues warning about unlicensed crypto businesses
18.8.2021
Based on the reports from Aussie investors, ASIC said that citizens have suffered significant losses due to “excessive leverage, platform outages, or unfair liquidations.”
Lithuania Issues Warning to Binance, Warns Investors Crypto Services Are Not Regulated
16.7.2021
Binance’s regulatory troubles continue with Lithuania being the latest country to issue a warning about the cryptocurrency exchange. Lithuania’s announcement came one day after Italy issued a similar warning. Lithuania Warns Binance Lithuania’s central bank announced Friday that...
Italian Regulator Warns Binance Crypto Exchange Not Authorized to Provide Investment Services in Italy
15.7.2021
Binance’s regulatory troubles grow with Italy being the latest country to issue a warning on the global cryptocurrency exchange. Other countries that have issued similar warnings include the U.K., Japan, Thailand, and the Cayman Islands. Crypto Exchange Binance Unauthorized in Italy...
Five proposed crypto class actions in NY over unregistered securities dismissed
29.4.2021
Quantstamp, Status Research, Civic Technologies, HDR Global Trading and Kaydex are off the hook, after five securities related lawsuits were dismissed in New York Courts earlier this week
Sri Lanka’s Crypto Regulation: Central Bank Warns of Cryptocurrency Risks, Unlicensed Exchanges
12.4.2021
The Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. Sri Lanka’s Central Bank Warns About Bitcoin The Central Bank of Sri Lanka...
Unlicensed crypto exchange operator faces 25 years for laundering $13m
2.2.2021
A California resident is expected to plead guilty to charges of operating an unlicensed exchange and laundering more than $13 million
US Man Pleads Guilty to Money Laundering Charges Involving $13M in Bitcoin
1.2.2021
During a 28-month period, Hugo Mejia illegally exchanged millions of dollars-worth of bitcoin while attempting to hide his activity
12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years
20.8.2020
The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights 12 Crypto Firms Several...
Germany Begins Closing Down All Unlicensed Bitcoin ATMs
9.8.2020
Germany’s Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator responsible for regulating crypto service providers, has begun actively closing down unauthorized bitcoin ATMs, a BaFin spokesperson has confirmed to news.Bitcoin.com. All Unauthorized...
US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines
23.7.2020
The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up to 30 years in prison. US Dismantles...
Singapore Begins Crackdown on Unlicensed Bitcoin Sellers
24.6.2020
Singapore authorities charged a 23-year-old woman with breaking the city-state’s months-old ban on unlicensed bitcoin sales
Alleged Unlicensed Bitcoin Dealer Becomes First Singaporean Charged Under New Law
23.6.2020
A 23-year old Singaporean accused of unlicensed Bitcoin dealing is set to become the first person to be charged under the city-state’s Payment Services Act
Amended Ripple Class-Action Covers Possibility XRP Is Not a Security
1.4.2020
XRP investors have amended a class action lawsuit against Ripple to cater for an outcome where the token is ruled to not be a security
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
24.2.2020
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and...
Ex-NFL Team Owner Pleads Guilty to Running Unlicensed Money Transmitter
17.1.2020
Crypto Capital co-founder Reginald Fowler pleaded guilty to operating an unlicensed money transmission business Friday. Additional charges were dropped
No Victim, No Crime: How the Darknet Drug War Is Ruining Young Lives
2.10.2019
There aren’t many areas of modern society unaffected by the draconian war on drugs, and non-violent crypto exchange is no exception. Two San Diego men in their twenties reportedly pleaded guilty on Monday to charges of money laundering conspiracy, for selling cannabis on the darknet...
Los Angeles Man operated an Unlicensed Crypto Exchange along with Bitcoin ATM
26.8.2019
Recently, a Los Angeles man has agreed to confess to 25 million dollars for money-laundering activity, where he ran a cryptocurrency exchange and a Bitcoin ATM. The person by name, Kunal Kalra, described as the “coinman,” was charged on 23rd August at the United State District Court...
25-Year-Old to Plead Guilty to Running Unlicensed Crypto Exchange
26.8.2019
A man from Los Angeles agrees to plead guilty to charge for running an unlicensed crypto exchange without an effective AML program