The president of Panama, Laurentino Cortizo, has used his veto power to raise a number of objections to the recently passed cryptocurrency law. The president's remarks are limited to a few articles and have no bearing on the law as a whole. However, these sections of the...
Because South African authorities have already provided their Brazilian counterparts with the documentation required for extradition purposes, a Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention. Johann Steynberg's attempt to have his precautionary detention lifted based on his Brazilian...
The DOJ has filed its first criminal complaint against an American who allegedly used cryptocurrency to evade US sanctions. "The payments platform advertised its services as a way to get around US sanctions, including purportedly untraceable virtual currency transactions." According to a judicial opinion...
The US Securities and Exchange Commission (SEC) has shut down a $62 million global cryptocurrency trading and mining scheme, and the DOJ has indicted the scheme's CEO and founder. According to the Justice Department, if convicted on all counts, he faces a maximum total sentence of 45...
Iran has drafted new regulations that will increase the penalties for illegal cryptocurrency mining in the country, including increased fines and prison sentences. "Mining cryptocurrency with subsidized electricity intended for households, industrial, agricultural, and commercial subscribers is prohibited." An official with Iran’s Power Generation,...
The Advertising Standards Authority of the United Kingdom has issued an enforcement notice to more than 50 companies that promote cryptocurrencies. The regulator stated, "We will monitor for compliance and implement sanctions if we do not see improvements." The U.K....
Priyanka Karki, a Nepalese actress and model, is being questioned by police after her image was discovered in promotional material for a cryptocurrency scheme. "An investigation is still ongoing. "We're trying to figure out if the actress was involved in the crypto trading promotion or if her...
KleptoCapture, a new task force established by the US Department of Justice (DOJ), will also target cryptocurrency exchanges. The investigation will target financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money. According to reports, a new Department...
The cryptocurrency investment company Africrypt in Cape Town, South Africa allegedly stole nearly 70,000 bitcoins. The two brothers Ameer and Raees Cajee, who are the founders of the firm, have disappeared. The customers of the Africrypt became victims of a major bitcoin scam, in...
A Spanish court has given the Tenerife police permission to look into the case of an alleged Bittrex customer who claims the crypto exchange is at fault in the case of the “theft” of around USD 62,000 worth of bitcoin.