Federal Court Rules Against BPS Financial for Operating Unlicensed Crypto Payment Facility

by Александр Пирогов | May 6, 2024 | Blog News

The Federal Court of Australia has ruled against BPS Financial Pty Ltd. for operating the “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) announced that BPS Financial engaged in unlicensed conduct by...

India’s Enforcement Directorate Declares Success in E-Nugget Scam Crackdown

by Александр Пирогов | May 6, 2024 | Blog News

India’s Directorate of Enforcement (ED) has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation, initiated in 2022, targeted a major online gaming app scam known as E-Nugget. The scam lured users with promises of...

South Korea Excludes Digital Currencies from Donation Legislation Amendments

by Александр Пирогов | May 6, 2024 | Blog News

South Korea has excluded digital currencies from newly amended donation legislation, potentially dealing a blow to the country’s charities and donation drives. The Ministry of Public Administration revealed that amendments to South Korea’s “Donations Act” have...

Delays Continue in Nigeria’s Legal Effort Against Binance Executives

by Александр Пирогов | May 3, 2024 | Blog News

The trial of Binance and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, on a $35.4 million money laundering charge in Nigeria’s Federal High Court Abuja faced further delays due to procedural errors. Scheduled to commence on May 2, the trial was...

Former FTX Co-CEO Agrees to Transfer $5.9 Million Bahamas Property in Plea Deal

by Александр Пирогов | May 3, 2024 | Blog News

Ryan Salame, the former co-chief executive of FTX Digital Markets, has agreed to transfer his $5.9 million property in the Bahamas as part of a plea agreement in a criminal case. This agreement was detailed in a motion filed with the United States Bankruptcy Court for...

U.S. Senators Raise Concerns About Iran’s Cryptocurrency Mining

by Александр Пирогов | May 3, 2024 | Blog News

U.S. Senators Elizabeth Warren and Angus King have expressed concerns about the potential national security threats posed by cryptocurrency mining in Iran. In a letter dated May 1 addressed to key officials such as National Security Advisor Jake Sullivan and Treasury...