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Ecuadorian Police Seize Assets of Fortunario Due to Alleged Illegal Money Collection Operations
5.4.2022
The Ecuadorian Police and the prosecution of Ecuador have raided several locations linked to Fortunario Digital Assets, a company that was allegedly making illegal collections of money related to forex and cryptocurrency business. The operation also encompassed the seizure of more than $7 million...
Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency
30.3.2022
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From...
Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720
24.3.2022
Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules...
The Rise of Illegal Crypto Mining Hijackers – And Big Tech’s Response
23.3.2022
Cloud vendors are fighting back against cryptojacking, but the hijackers are getting more sophisticated
Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining
22.3.2022
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit....
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
15.3.2022
Financial Monitoring Agency, Kazakhstan's financial watchdog, emphasizes the need to regulate the sector
Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News
14.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News
Chinese police busts illegal crypto mining farm, seizes 190 miners
8.3.2022
Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines estimated to be worth 5 million yuan
China's Supreme Court Rules Crypto Transactions Constitute 'Illegal Fundraising'
24.2.2022
The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000
China's Supreme Court adds digital currency to list of illegal fundraising methods
24.2.2022
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms
23.2.2022
Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down...
Kazakh ministry halts illegal crypto mining operations
22.2.2022
Government efforts to identify and disconnect mining farms from the electrical networks will continue, according to the announcement
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials
18.2.2022
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed...
Trudeau’s Government Warns More Accounts Will Be Frozen — Freedom Convoy Truckers Hold Their Ground
18.2.2022
The Canadian government has warned that more financial accounts and cryptocurrency wallets will be frozen as law enforcement attempts to end the Freedom Convoy trucker protest. However, truckers are standing their ground even after the police arrested two protest organizers. Prime Minister Justin...
Indian Parliament Member Clarifies Legal Status of Cryptocurrency
13.2.2022
Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance...
Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad
13.2.2022
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal...
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining
13.2.2022
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids,” he said. Hungarian Central Bank Chief Wants...
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation
2.2.2022
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto...
Microsoft’s Activision Blizzard Purchase Isn’t Great, But Isn’t An Illegal Monopoly Either
19.1.2022
Yesterday’s announcement of Microsoft’s plan to purchase Activision Blizzard King for nearly $70 billion immediately sparked discussions about antitrust laws and monopolies, financial terms that pop up whenever a high-profile company purchases another high-profile company. While the merging...
Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins
19.1.2022
A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia....