unlicensed – DIGIT INFO

Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform

DIGIT — Wed, 28 Aug 2024 08:30:53 +0000

The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor reported that after transferring 20,000 USDT to BIB following advice from individuals named Austin Johnson and Cindy Turner, he was unable […]

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Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years

DIGIT — Wed, 10 May 2023 21:49:59 +0000

Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest. Illegal Crypto Miners in Iran Steal 1.8 Billion kWh of Electricity, Official Says […]

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Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

DIGIT — Sat, 11 Mar 2023 02:35:05 +0000

Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies in Kazakhstan, ABS […]

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Finder.com sued by Australian regulator over its crypto yield product

DIGIT — Fri, 16 Dec 2022 02:20:22 +0000

ASIC claimed a crypto yield-bearing product from Finder’s registered exchange was unlicensed, the firm disagreed but refused to say if it would fight the suit.

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Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges

DIGIT — Sat, 02 Oct 2021 03:00:47 +0000

A government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned. Authorities in Uzbekistan Blacklist ‘Unofficial’ Crypto Exchanges The National Agency of Project Management under the […]

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Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

DIGIT — Sat, 11 Sep 2021 18:30:56 +0000

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners in Iran Preventing blackouts remains […]

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Italian Regulator Warns Binance Crypto Exchange Not Authorized to Provide Investment Services in Italy

DIGIT — Thu, 15 Jul 2021 14:24:45 +0000

Binance’s regulatory troubles grow with Italy being the latest country to issue a warning on the global cryptocurrency exchange. Other countries that have issued similar warnings include the U.K., Japan, Thailand, and the Cayman Islands. Crypto Exchange Binance Unauthorized in Italy Italy’s financial regulator, Commissione Nazionale per le Società e la Borsa (Consob), published a […]

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‘Bitcointopia’ Founder Admits Selling Government-Owned Land to Bitcoiners

DIGIT — Sun, 10 Mar 2019 07:15:06 +0000

The founder of a scheme called Bitcointopia to sell land in the U.S. state of Nevada to bitcoiners has admitted in a federal court that some land was not his to sell. Previously arrested for selling BTC to an undercover agent through Localbitcoins, he also pleaded guilty to running an unlicensed money transmitting business. Also […]

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Thai SEC Warns About 9 Unauthorized Tokens

DIGIT — Mon, 29 Oct 2018 03:05:20 +0000

Thailand’s Securities and Exchange Commission (SEC) has warned about nine unauthorized tokens and initial coin offerings. These have neither been approved by the authorities nor met the necessary requirements. In addition, the regulator is also reportedly considering allowing asset management companies to launch cryptocurrency funds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SEC’s […]

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Regulations Round-Up: 21-Year-Old Arrested, Coinbase Files for Patent

DIGIT — Sat, 25 Aug 2018 18:05:06 +0000

In recent news pertaining to cryptocurrency regulations, Alibaba and Tencent are collaborating with Chinese authorities to monitor and prevent peer-to-peer cryptocurrency trading via their respective mobile payments platforms, a 21-year-old has been indicted for operating an unlicensed cryptocurrency exchange, and Coinbase has filed with the U.S. Patent and Trademark Office for a mechanism designed to […]

The post Regulations Round-Up: 21-Year-Old Arrested, Coinbase Files for Patent appeared first on Bitcoin News.

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