Report: French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin

A French crypto trader, Thomas Clausi, is currently jailed in Morocco where he was convicted of the crime of purchasing a Ferrari using bitcoin. Clausi’s arrest and subsequent jailing came after a woman, who sold him a Ferrari for $440,000 in April 2021, filed a complaint against the crypto trader when the price of the […]

Go to Source

Powered by WPeMatico

Syrian Crypto Dealer Freed From Kidnappers Who Demanded Ransom of Over $1.1 Million

Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents. Syrian Crypto Dealer’s Captors Were His Party Friends Spanish law enforcement recently freed a Syrian […]

Go to Source

Powered by WPeMatico

Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition

Ugandan High Court Rules to Uphold Central Bank's Crypto ProhibitionA Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition does not amount to an infringement on property rights. Cryptocurrency an […]

Go to Source

Powered by WPeMatico

Belarusian Fined $1 Million for Illegal Crypto Trading

Belarusian Fined $1 Million for Illegal Crypto TradingA Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the […]

Go to Source

Powered by WPeMatico

Bulgarian Crypto Trader Disappears Under Mysterious Circumstances

Bulgarian Crypto Trader Disappears Under Mysterious CircumstancesThe whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors. Bulgarian Authorities Investigate Possible Kidnapping of Alleged Crypto Millionaire Police in Bulgaria are trying to locate […]

Go to Source

Powered by WPeMatico

Court Orders Russia’s Sberbank to Unblock Crypto Trader’s Accounts

Court Orders Russia’s Sberbank to Unblock Crypto Trader’s AccountsA court has ordered one of Russia’s largest banks to lift restrictions imposed on the accounts of a Russian citizen who was selling digital coins on cryptocurrency exchanges. The state-owned giant Sberbank will now have to unblock its client’s cards and restore his access to its online banking platform. Regional Court in Russia Rules in […]

Go to Source

Powered by WPeMatico