fines – Page 3 – DIGIT INFO

South Korea to take action against unregistered crypto exchanges

Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time.

Korean investigation finds $1.48B in illegal overseas crypto transactions

More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions.

Go to Source

BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’

U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose money. BNY Mellon […]

Go to Source

Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]

Go to Source

Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran

Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners to Pay for Damages to the Power Grid Hydropower plants in Iran have been […]

Go to Source

Japanese Court Convicts Bitcoin Tax Evader- Trader Gets a Year in Prison Plus Fine for $200K

Japanese Court Sentenced a Bitcoin Tax Evader to Spend One Year in Prison

Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine. Sentenced Man Didn’t Disclose His BTC Trading Activity of the Period 2017-2018 According to Chunichi, a judge at […]

Go to Source

Korean crypto exchanges could soon face fines for gaps in due diligence measures

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.

Go to Source

Russian ministry proposes criminal charges for failure to report crypto tax

To ban crypto or to tax, that seems to be the question.

Go to Source

Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks

Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority in Kiev as the government has indicated its clear understanding that the benefits […]

The post Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks appeared first on Bitcoin News.

Go to Source

SEC Settles With Nebulous For Unregistered Offering of Sianotes in 2014

Nebulous, the firm behind the Sia network, settles with the SEC over unregistered Sianote offering in 2014

Go to Source