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A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions. … Read more
The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the country’s top court upheld a district court’s ruling. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court Has Ruled South Korea’s top … 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
The Supreme Court of the Russian Federation has struck down the ban imposed on the Bitcoininfo.ru portal. The outlet is one several dozens of crypto-related websites that have been taken offline by the Russian authorities in the past few years. The decision sets a precedent which and is likely to determine the faith of many … Read more
A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of 191 bitcoins. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin’s Status Re-Examined The Suwon District Court … Read more
