Law

Cryptocurrency Scams Might Rise Amidst Second Wave of COVID-19 Pandemic
Nov 06, 2020 at 13:54
News
Cryptocurrency Scams Might Rise Amidst Second Wave of COVID-19 Pandemic
The outbreak of coronavirus triggered a significant growth of cryptocurrency scams in early 2020. Now, the second wave of the pandemic might trigger another boost of fraudulent activity.
Blockchain Association is Cautious about the Latest Framework by the European Commission
Oct 01, 2020 at 13:11
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Blockchain Association is Cautious about the Latest Framework by the European Commission
The International Association for Trusted Blockchain Applications (INATBA) is concerned about the latest Markets in Crypto-assets (MiCA) regulations imposed by the European Commission. The new framework might overburden the industry and therefore slow down its growth.
Ukraine Rolls Out Cybercrime Bill That Defines Illegal Use Of Cryptocurrencies
Sep 29, 2020 at 12:03
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Ukraine Rolls Out Cybercrime Bill That Defines Illegal Use Of Cryptocurrencies
The authorities of Ukraine have recently rolled out a new bill combating cybercrime that also describes the procedure for the confiscation of cryptocurrencies obtained illegally.
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
Sep 28, 2020 at 12:02
News
The Ministry of Finance of Russia Wants Cryptocurrency Users To Declare Their Wallets and Transaction
The Ministry of Finance of Russia has recently represented an update for the regulation of cryptocurrencies. Their new proposal includes an obligation for all Russian cryptocurrency holders to declare transactions on cryptocurrency and reporting on holding cryptocurrency wallets.
Is India Planning to Ban Cryptocurrency Again?
Sep 22, 2020 at 12:36
News
Is India Planning to Ban Cryptocurrency Again?
As many Asian tigers are embracing and regulating the use of blockchain technology and Bitcoin, India is planning to create a new law prohibiting cryptocurrency trading.
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Aug 26, 2020 at 14:53
News
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Hackers use Binance cryptocurrency exchange to launder stolen money. As per the report by the federal Bureau of Investigation (FBI), a principal federal law enforcement agency, ransomware dubbed Ryuk has been used since its creation in 2018 to steal cryptocurrency worth $61 million.
Drug Dealers Use Bitcoin: Young Man Arrested in India
Aug 24, 2020 at 14:00
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Drug Dealers Use Bitcoin: Young Man Arrested in India
Law enforcement agencies make their best efforts to combat criminals performing drug transactions via the darknet. On August 24, the Indian Narcotics Control Bureau arrested a young man for buying ecstasy pills using Bitcoin.
Funds from Coincheck Hack Surface and Get Confiscated in Japan
Aug 21, 2020 at 14:51
News
Funds from Coincheck Hack Surface and Get Confiscated in Japan
Japanese police are going to confiscate cryptocurrency funds stolen during the Coincheck hack. If successful, this will be the first digital currency confiscation of the kind in the country.
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Aug 20, 2020 at 11:58
News
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Ukrainian cryptocurrency market is under-regulated and therefore attractive for those wishing to take advantage of it for criminal purposes. Recently, law enforcers exposed a gang that has laundered about $42 million using cryptocurrency.
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