46 Bitcoin ATMs have been charged for illegal business. In New York, a bitcoin ATM operator was charged with using the company to “market toward those involved in criminal behavior.” R...
Tag: Illegal
Iran to Introduce Additional Penalties for Illegal Crypto Mining
Iranian authorities are tightening their grip on illegal crypto mining in the country in response to the failing power challenges that the nation is facing. As reported by the Tehran Times, subsidised...
Iran Doubles Down on its War Against Illegal Crypto Miners (Report)
The Iranian authorities will reportedly impose harsher penalties on illegal cryptocurrency miners as some operators could even go to jail. Before that, the officials banned all digital asset mining en...
Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energ...
Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals – Regulation Bitcoin News
A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in criminal activity.” The district attorney in charge described: “Robert Tay...
Illegal Crypto Mining Can Get Miners Arrested, Their Business License Revoked In Iran
Bitcoin and controversy go hand in hand ever since the advent of the crypto asset. Today, Countries around the world are seeking to regulate the booming crypto industry. The authorities in Iran banne...
Iran Capital Officials Tack on Harsher Punishments for Illegal Crypto Mining
An official from Iran’s Power Generation, Distribution, and Transmission Company (known under Tavanir) announced that the government would pass new regulations to more harshly punish illegal crypto mi...
Iran’s Illegal Crypto Miners To Be Slapped With Bigger Fines And Imprisonment
Since its inception in 2009, Bitcoin, as well as the succeeding cryptocurrencies, have generated controversy. Throughout the world, the majority of nations are attempting to establish rules and regula...
Iran to Introduce 3-5 Year Prison Term for Illegal Crypto Mining
Iran is set to introduce increased penalties for illegal crypto miners that use subsidized electricity, a local media outlet reported on Saturday. Under the new regulations, offenders will be handed i...
Iran To Crack Down On Illegal Crypto Mining
All over the globe, the majority of the countries are working on making rules and regulations regarding Cryptocurrencies. In a bid to eliminate illegal crypto mining, Iran is looking forward to regula...
China Cracks Down On Illegal Bitcoin Miners; Seizes Over 3500 Rigs
China is known for being very vocal against the use of cryptocurrency and its mining. Once a Bitcoin mining powerhouse, the country is now cracking down on crypto by seizing equipment and raising elec...
Ecuadorian Police Seize Assets of Fortunario Due to Alleged Illegal Money Collection Operations – Bitcoin News
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 fore...
Weed is likely to remain federally illegal, but ‘cannabis banking’ could pass this year
Cannabis stocks climbed, then drifted in the days leading up to a House of Representative vote due this week on a bill to remove marijuana from the list of so-called controlled substances, effectively...
Court Says Bitcoin Mining Isn’t Illegal But Is Inimical To The Current Environmental Rules ⋆ ZyCrypto
Advertisement     A Chinese court has stated that cryptocurrency mining is not illegal. The judge clarified that mining runs contrary to the existing environmental reg...
Supreme Court Rules Crypto Transactions Are ‘Illegal Fundraising’
China’s Supreme Court ruled that cryptocurrency transactions count as illegal fundraising and warned violators could face up to 10 years in jail and fines up to $79,000. The Supreme Court’s order give...
FCA Rules All Crypto ATMs in the UK Are Illegal
The Financial Conduct Authority (FCA) – the monetary watchdog of the United Kingdom – has issued a statement condemning all bitcoin and crypto ATMs as illegal. The organization is now ordering all cry...
106 illegal crypto mining firms shut down in Kazakhstan
Kazakhstan is cracking down on cryptocurrency mining firms in the country. The Kazakh government has announced shutting down 106 illegal crypto mining firms. These firms were operating without acquiri...
Bitcoin ATMs are closed because they are illegal
The UK’s Financial Conduct Authority (FCA) has declared that all Bitcoin and crypto ATMs are illegal because they would not have the right licence to operate in the country, and will therefore all be ...
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
The Financial Monitoring Agency of the Republic of Kazakhstan reported earlier on Tuesday that 55 illegal mining farms “voluntarily stopped their operation” due to an enforcement campaign by the regul...
Kazakhstan Crackdown On Illegal Mining Forces 106 Miners To Close Shop
The government of Kazakhstan has sanctioned 106 crypto mining farms for engaging in illicit crypto mining activities. Some ex-officials and Kazakhstan’s wealthiest businesses were found to be involved...
Illegal Gold Smuggling Assertions Are Not True, Sudan Kicks Out Assertions
Sudan has dismissed any claims associated with Russian bodies smuggling hundreds of tonnes of illegal gold from its territory. Officials from Sudan have called such assertions fake, and recommended th...
Sibling Pair Charged with Illegal Sales of Ormeus Coin
Early last week, authorities in the United States filed criminal and civil charges against a crypto executive and his sister for allegedly defrauding investors out of millions of dollars with the help...
Russian Oligarch Andrey Muraviev Indicted For Illegal U.S. Political Donations
Topline Russian businessman Andrey Muraviev has been charged with allegedly making illegal political contributions and conspiring to donate $1 million to influence U.S. elections in 2018, U.S. prosecu...
CoinJoin mixing tool to block illegal transactions
CoinJoin, a popular Bitcoin (BTC/USD) mixing tool, will block transactions flagged as illicit or associated with such, CoinTelegraph reported, citing an announcement from the official Wasabi Wallet Tw...
Bitcoin mixing service CoinJoin starts blacklisting BTC tied to illegal activity
Bitcoin mixing service CoinJoin has started blacklisting bitcoin tied to illegal activity in a move derided by some advocates of crypto privacy. CoinJoin, a bitcoin mixing service that’s part of the p...
Could Malaysia get rid of Illegal power consumption by crypto miners?
Energy consumption has already been a major concern with cryptocurrencies, on top of their illicit usage strengthen skepticism Undoubtedly Crypto mining has got huge popularity in recent times and a l...
All Bitcoin ATMs in the UK declared illegal by the FCA
The UK financial market watchdog, the Financial Conduct Authority (FCA), has announced a ban on all the cryptocurrency ATMs in the country. The regulatory body has stated that the ATMs are operating i...
UK Declares Bitcoin ATMs Illegal, Orders Immediate Shutdown
UK’s Financial Conduct Authority (FCA) said on Friday that all crypto ATMs operating in the country were doing so illegally, and ordered operators to immediately shut them down. Britain’s top financi...
All Bitcoin ATMs in UK to shut down as FCA deems them “illegal”
Bitcoin ATMs first appeared in 2014 and their popularity increased greatly throughout 2020 and 2021. Their popularity attracted swindlers as well as the UK government’s negative attention. The UK hasn...
UK’s Financial Watchdog Declares All Crypto ATMs As Illegal
UK’s Financial Conduct Authority (FCA) has posted a warning today ordering all crypto ATMs in the country to be shutdown as they are operating illegally. UK’s FCA Says None Of The Crypto ATMs In The N...