Browsing the "Law" Tag

CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud

| Yogita Khatri

A bitcoin trader has been jailed and fined over $1.1 million for stealing bitcoin and litecoin, and then defrauding investors to repay the loss.

Korean Lawyers Urge Government to Draw Up Blockchain Rules

| Yogita Khatri

The Korean Bar Association has called on the government to introduce blockchain regulations, ASAP.

Bitcoin Trader Pleads Guilty Over Unlicensed Exchange Business

| Yogita Khatri

A bitcoin trader from California has pleaded guilty to operating an unlicensed money transmission business and now faces up to five years in prison.

India Supreme Court Seeks Government Opinion on Crypto Within 2 Weeks

| Yogita Khatri

The Supreme Court of India has asked the government to give its view on cryptocurrencies, amid fallout from a ruling by the central bank in April.

Chinese Court Rules Bitcoin Should Be Protected as Property

| Wolfie Zhao

An arbitration body in China has said bitcoin should be legally protected as a property, despite the central bank's ban on crypto trading.

Judge Orders Trading Firm, CEO to Pay $2.5 Million in Bitcoin Ponzi Case

| Nikhilesh De

The CFTC has won a legal battle against a New York resident and his company for running a Ponzi scheme centered around bitcoin.

South Korea to Decide on ICO Legality in November, Official Says

| Wolfie Zhao

The South Korean government will decide in November whether it will again permit initial coin offerings in the country.

US Judge Sides With CFTC in Fraud Case, Ruling Cryptos Are Commodities

| Wolfie Zhao

A U.S. judge has sided with the Commodity and Futures Trading Commission in a fraud lawsuit, ruling cryptocurrencies are commodities.

lamborghini, car

US Government Seizes Lambo and Crypto Millions from Dead Dark Web Kingpin

| Ada Hui

The U.S. Department of Justice has won the right to confiscate money and items Alexandre Cazes enjoyed from his dark web e-commerce empire's riches.

Indian Central Bank Argues Cryptos ‘Not Valid’ as Currency in Court Battle

| Daniel Palmer

The Reserve Bank of India has argued at the Supreme Court that bitcoin cannot be recognized as either money or currency.