Bookmarking Crypto Insights
Auto Added by WPeMatico
The US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance … Read more
A Russian cryptocurrency miner got into trouble with the customs office when trying to import mining equipment purchased online for personal use. After an appeal, the court sided with the customs office and barred the import of the mining equipment. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Importing Crypto Mining Equipment The Russian … Read more
Following the court order for three major banks in Chile to reopen current accounts of crypto exchanges, Cryptomkt and Buda.com, one bank has complied. Bancoestado has reportedly made arrangements to open an account for Cryptomkt exchange, which expects to resume cryptocurrency transactions in the coming days. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
A Norwegian district court has ruled in favor of Norway’s largest bank against a local cryptocurrency exchange. The court says the bank has full rights to close the account of the exchange, citing money laundering risks and criminal activities associated with bitcoin trading. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Court Ruled in … Read more
Despite already setting a precedent in a previous case, the Israeli courts system is again called upon to stop a bank from shutting down a crypto business. This time, Union Bank tried to refuse operating an account to a mining firm – a service all companies need to legally operate in the country. Also Read: … Read more
A U.S. District Court has ruled against Chinese conglomerate Alibaba Group in favor of a Dubai-based cryptocurrency foundation, Alibabacoin. The judge says Alibaba Group did not show any jurisdiction in the U.S. and China’s ban on initial coin offerings eliminates any potential confusion. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space No Jurisdiction for … Read more
A U.S. federal court has placed a restraining order on and frozen the assets of four alleged promoters of deceptive schemes involving cryptocurrencies at the request of the country’s Federal Trade Commission. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies US Court’s Order The U.S. Federal Trade Commission (FTC) announced on Friday … Read more
