ATO Cracks Down on Crypto: 1.2 Million Accounts Under Scrutiny

by Александр Пирогов | May 7, 2024 | Blog News

In a bold move to tackle tax evasion in the booming crypto space, the Australian Taxation Office (ATO) has set its sights on approximately 1.2 million crypto accounts. As interest in cryptocurrencies skyrockets, so does the ATO’s determination to ensure...

Coinbase Faces Class-Action Lawsuit Over Alleged Securities Law Violations

by Александр Пирогов | May 6, 2024 | Blog News

Coinbase is facing a new legal challenge as customers filed a class-action lawsuit accusing its subsidiaries, Coinbase Global and Coinbase Asset Management, of repeatedly violating securities laws since the exchange’s inception. The lawsuit highlights...

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...