Moscow Court Rules Crypto Assets Cannot Be Seized For Debt Payment
A Russian court says crypto cannot be used as payment to creditors, given the legal status of crypto is not firmly established in the country. #NEWS Go to Source Powered by WPeMatico
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Court Will Not Seize Crypto as Debt Payment from Bankrupt Citizen in Russia
The Moscow bankruptcy court has ruled that cryptocurrencies of a bankrupt debtor will not be seized to pay his creditors. The trustee for the case has failed to convince the judge to include the debtor’s cryptocurrencies in the bankruptcy estate. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Court Rejects Crypto in Bankruptcy … Read more
Court Strikes Down Ban on 40 Bitcoin Sites in Russia
Saint Petersburg City Court has struck down a ban on 40 bitcoin related websites offering information about cryptocurrencies and exchange services in Russia. The ban was imposed by a district court in May last year, following a request from the Prosecutor’s Office. It prohibited the “spreading of information” about bitcoin, as well as buying and … Read more
Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts
An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is … Read more
Korean Supreme Court to Judge Whether Crypto Regulations Are Unconstitutional
The case against the South Korean government over cryptocurrency regulations filed with the Constitutional Court has been referred to the Supreme Court. If the court rules that the regulations are unconstitutional, all existing crypto regulations imposed by the government could be nullified. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Case Referred … Read more
Russian Bankruptcy Court Orders Debtor to Disclose Cryptocurrency Holdings
The Moscow bankruptcy court has ordered a bankrupt debtor to provide information about his cryptocurrency holdings. The trustee has requested that his cryptocurrencies be included in the bankruptcy estate. The court will decide if the coins can be used to pay creditors. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Court Orders … Read more
South Korean Court Rules Bitcoin Has Economic Value
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
Lawyers Are Taking Payment in Bitcoin Despite Conflict of Interest Concerns
An increasing number of lawyers are taking payment in bitcoin and other cryptocurrencies. With many ICO startups destitute until their crowdsale, ether or tokens are often all they can offer. Rather than turn away business, some lawyers have admitted to taking payment in crypto. While increased acceptance of cryptocurrency – especially in such circles – … Read more
Onecoin Offices Raided in Sofia, Servers Shut Down
Bulgarian law enforcement agencies have raided the offices of Onecoin in Sofia as part of a multinational effort to neutralize what authorities call a “centralized cryptocurrency pyramid scheme”. Three million people may have been defrauded by the company which offers services on four continents, according to media reports. Bulgarian officials were diligent enough to note … Read more
US Regulator Sues Three Companies For Cryptocurrency Fraud
The U.S. Commodity Futures Trading Commission has filed charges against three separate companies for engaging in fraudulent schemes involving cryptocurrencies. The cases include fraud and misappropriation of bitcoin and litecoin. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations CFTC Sues Crypto Operators The U.S. Commodity Futures Trading Commission (CFTC) filed civil … Read more