Bitcoin of America, a Bitcoin technology firm, and three of its executives are facing charges of money laundering, conspiracy, and other crimes connected to the operation of more than 50 unlicensed cr...
Tag: Unlicensed
Prosecutors Accuse 50 Unlicensed Bitcoin ATM Kiosks For Aiding Crypto Scams
Many crypto enthusiasts believe the growing trend of Bitcoin ATMs will drive more adoption, given the ease of access. But Bloomberg reported last year that the crypto winter affected Bitcoin ATMs. Whi...
Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service
A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams. S&P S...
The Department of Justice charges the founder of Bitzlato with the unlicensed money transmitting
The US Department of Justice has arrested and charged Anatoly Legkodymov for transmitting money without any license. If convicted, Anatoly Legkodymov faces a prison time of up to 5 years. Bitzlato is ...
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse – Regulation Bitcoin News
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX whi...
Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse
After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges. The Securities and Exchanges Commission (SEC) in the Phili...
Finder Wallet sued by Australian regulators for unlicensed Earn product
Finder Wallet, the cryptocurrency offshoot of Finder, has been sued by the Australian Securities and Investments Commission (ASIC) for its Earn product which offered customers a way to earn yield on t...
ASIC sues Finder Wallet for providing “unlicensed” financial services
ASIC has filed civil penalty lawsuits in the Federal Court against Finder Wallet Pty Ltd, a division of comparison website Finder.com, alleging that it provided financial services without a license, v...
Australian regulator sues Finder Wallet for ‘unlicensed’ financial services
Australia’s financial watchdog sued Finder Wallet, a subsidiary of comparison website Finder.com, over a crypto-linked yield product. The Australian Securities and Investment Commission (ASIC) s...
Compound DAO faces class action lawsuit for allegedly selling unlicensed securities
A new lawsuit claims that investors experienced damages after purchasing COMP tokens. Compound DAO is suspected of selling unlicensed securities. Eight defendants named in the lawsuit The San Francisc...
Bitcoin pioneer faces trial for tax evasion and unlicensed crypto business
A well-known Bitcoin pioneer and Libertarian activist Ian Freeman is currently facing an eight-count charge in the United States. The trial relates to tax evasion and operating an unlicensed money-tra...
Australian Regulator Sues Block Earner Over Unlicensed Cryptos
The Australian finance regulator is suing fintech firm Block Earner over its unregistered crypto services. The Block Earner CEO countered, calling out the lack of clarity in crypto-related regulations...
Australian regulator sues fintech company over alleged unlicensed crypto services
Australia’s financial regulator has sued Sydney-based Block Earner, citing concerns that the fintech company offered unlicensed crypto products. Block Earner offers several tiers of products tha...
Twitch announces ban on unlicensed gambling livestreams after backlash
Twitch logo displayed on a laptop screen and a gamepad are seen in this illustration photo taken in Krakow, Poland on August 23, 2022. Jakub Porzycki | Nurphoto | Getty Images Twitch said it is planni...
Twitch Bans Unlicensed Gambling Streams and Crypto Betting Sites
Streaming platform Twitch will ban gambling streams and crypto betting sites that don’t comply with its revised terms of conduct, including Stake.com, Rollbit.com, Duelbits.com and Roobet.com. The new...
South Korea Will Shut Down 16 Unlicensed Foreign Cryptocurrency Exchanges – crypto.news
The Financial Intelligence Unit (FIU) has informed law enforcement agencies of 16 overseas virtual currency enterprises accused of breaking the Specific Financial Information Act by conducting undiscl...
Uzbekistan Cracks Down on Unlicensed Crypto Exchanges
Exchange News Just one cryptocurrency exchange in Uzbekistan has been granted a license so far. Uzbek residents are urged by the NAPP not to utilize illegal exchanges. According to data collected by t...
MAS Insists Terra, 3AC Unlicensed to Operate in Singapore
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has corrected the misconception about how some of the most distressing crypto firms are linked to Singapore. Menon indica...
Binance fined €3.3 million in Netherlands for unlicensed operations
Binance has been fined €3.3 million by De Nederlandsche Bank (DNB) for offering unlicensed crypto services to the country residents. The Dutch regulator said it considered Binance’s failure to registe...
Dutch Central Bank Fines Binance $3.3M Over Unlicensed Crypto Services
The Dutch Central Bank has fined crypto exchange Binance $3.3 million for offering its services without the necessary permission. The central bank released a statement saying the exchange had breached...
Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners – Mining Bitcoin News
Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies w...
Localbitcoins User Pleads Guilty to Running Unlicensed Crypto Business — Faces Up to 5 Years in Prison – Regulation Bitcoin News
A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and Paxful. He faces up to five years in federal prison and a possibl...
Atari Ends Joint Venture With ICICB: Declares Its Namesake Token ‘unlicensed’
Atari has announced that it has denounced all license agreements with ICICB Groups, its joint venture partner, and its subsidiaries on Monday. In the future, Atari intends to create, distribute and ma...
Atari claims its namesake token is now ‘unlicensed’ as it terminates blockchain joint venture
In a statement published by former video-game giant Atari on Monday, the firm says it has, effective immediately, terminated all license agreements with its joint venture partner ICICB Group and its s...
New York Man Charged With Running Unlicensed Bitcoin ATMs That Sold $5.6M in BTC
The Manhattan District Attorney’s office has charged a man with running dozens of unlicensed Bitcoin ATMs across New York City, New Jersey and Miami. Prosecutors say 35-year-old New York resident Rob...
Coinbase Facing Lawsuit Over Unlicensed Crypto Asset Sales
Three Coinbase users are attempting to sue the company over 79 crypto tokens listed on the platform. They may be considered securities, and therefore, the sales could be deemed unlawful according to t...
Coinbase Hit With $5M Lawsuit Over ‘Unlicensed’ Sale of Dogecoin, 78 Other Crypto Assets
In brief The class action names 79 crypto assets that are allegedly securities and were sold by Coinbase. It claims every user who lost money on these assets should be reimbursed for the losses. Three...