The Financial Conduct Authority (FCA) has told all crypto ATMs operating in the UK to shut up shop. The regulator also said that owners failing to comply with the order would face enforcement action. ...
Tag: Illegal
Biden’s Executive Order To Curb Illegal Crypto Deals, Create Digital Dollar
The White House on Wednesday unveiled the key points of U.S. President Joe Biden’s planned executive order on crypto law. The order will recognize and regulate digital assets in the country, and will ...
Illegal crypto-mining activity busted in China, 190 machines confiscated
Crypto miners carrying out work illegally in China have been detained by police Machines worth 5 million yuan has been taken away from the miners A closed-door location was busted by the police in th...
$1.7 Trillion of Illegal Bets on Sports Yearly, According to UN Report
The legal sports gambling industry is steadily growing, with the majority of games offered at the best online casino in Australia. Nonetheless, it still pales in contrast to the illegal firm, based on...
Coinbase Blocked 25,000 Wallet Addresses of Russian Individuals or Entities Linked to Illegal Activities
Cryptocurrency exchange Coinbase Global Inc. announced it has blocked 25,000 wallet addresses of Russian individuals or entities linked to illegal activities. Paul Grewal, chief legal officer from Coi...
SEC Investigates NFTs Market over Concerns of Illegal Offerings
The United States’ Securities and Exchange Commission (SEC) is investigating the non-fungible tokens (NFTs) market to determine if some of these NFTs can be categorized as securities, according to a r...
China’s Supreme Court Declares Crypto Fundraising Is Illegal
China’s Supreme Court adds fuel to the fire after the Russian military attacks on Ukraine slipped the crypto market cap to 1.5 trillion. The court declares crypto-fundraising illegal and determines ja...
China Made Cryptocurrency Fundraising Illegal, And Those Who Break It May Face Prison Time
The court defined substantial amount fundraising as over 100,000 yuan ($15,800). If the fundraiser involves a large sum of 50 million yuan, a loss of at least 25 million yuan, or 5,000 people, it is c...
Chinese Supreme Court Classifies Crypto Trading As Illegal
China’s supreme court on Thursday classified crypto transactions as illegal, and said violators could face hefty fines and up to 10 years in prison. While top-level Chinese government bodies had alrea...
Kazakhstan shuts down 13 crypto mining firms for illegal operations
Kazakhstan continues with its fight against illegal cryptocurrency mining firms. 13 crypto mining firms in the country have been shut down for failing to comply with the local regulations. The Ministr...
Kazakh officials seize 360 illegal Bitcoin ASICs amid push for higher mining tax
Kazakhstan’s authorities have confiscated 360 specialized Bitcoin ASICs as part of the country’s ongoing campaign to weed out “gray” crypto miners. According to an announcement published by the Financ...
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms – Mining Bitcoin News
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 t...
Kazakhstan Is Cracking Down on Illegal Crypto Miners, 13 Crypto Farms Disconnected
Kazakhstan is cracking down on illegal crypto miners. The energy authority reported it has traced and disconnected 13 crypto mining farms in the country. These crypto miners operated without proper au...
Malaysia records the highest case of illegal Bitcoin mining
Bitcoin mining operations are highly being illegally operated in Malaysia In 2021, Malaysian authorities seized about $12.9 million worth of illegal BTC mining machines The bulk of the mining operatio...
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials – Coinotizia
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 c...
Crypto May Not Yet Be Illegal In China; Here’s Why
There may still be a glimmer of hope for the crypto industry in China. Zhejiang, a province in eastern China, has sparked speculation that Bitcoin and other cryptocurrencies may not be completely kick...
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials – Bitcoin News
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 c...
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation – Coinotizia
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 l...
Russian Central Bank Flags 812 Illegal FX Brokers in 2021
The Central Bank of Russia said on Wednesday that it has busted as many as 812 foreign exchange (forex) dealers in 2021 that were operating in the country illegally. These online trading Online Tr...
Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes – Coinotizia
India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on I...
Australian billionaire sues Facebook for illegal crypto advertisements
According to the Australian billionaire, Facebook’s reluctance to delete the bogus advertising using him and hundreds of other high-profile celebrities were “criminally careless.” Andrew “Twiggy” Forr...
Indian Regulators State That Cryptocurrency Is Not Illegal and Now Taxed as Gambling Winnings
Arman Shirinyan Indian regulators compare gains from cryptocurrency trading to gambling The Indian regulators have stated that it will not treat cryptocurrency trading as an illegal activity a day aft...
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation – Regulation Bitcoin News
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 l...
India’s 30% crypto-tax proposal – Can’t tax something ‘illegal’… or can it?
Hours after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, the industry seems to be divided on its implications. Investor Rakesh Jhunjhunwala, f...
Illegal Gold Mining Causes ‘Devastating’ Mercury Pollution In Amazon Rainforest, Study Says
Topline Poorly monitored and often illegal small-scale gold mines have released “devastating” levels of toxic mercury in one of the most protected and biodiverse areas of the Amazon rainforest, threat...
EU seeks to develop a government DNS resolver, block “illegal content”
In a document made public earlier this month the European Commission published a call-for-proposal for a European government controlled DNS resolver service. The reasoning behind the proposal is to pr...
Lawmakers Renew Debate on Illegal Gaming, Sports Wagering in Missouri
The yearly debates to delineate the legality issues of gambling machines have started in the state of Missouri. The lawmakers are probing into the legality of the ‘pre-reveal’ gambling machines. ‘Pre-...
Google CEO Approved Illegal Ad Deal With Facebook, States Claim
(Bloomberg) — Sundar Pichai, chief executive officer of Google and its parent Alphabet Inc., personally approved what state attorneys general say was an illegal agreement with Facebook to manipu...
Illegal Crypto Transactions Hit Record High in 2021
The crypto market saw rapid growth in 2021. With a jump of approximately 200% in the total market cap, digital currencies gained popularity among retail and institutional investors. However, scammers ...