Legal

Blockchain Framework Bill Passed in Luxembourg

Blockchain Framework Bill Passed in Luxembourg

The Luxembourg parliament has made an official announcement that the blockchain-framework bill has been passed. The local press then reported that the bill 7363, will enable the transactions done with blockchain technology. Only two members of the opposition party have voted against the implementation of the bill out of 60 parliamentarians.

Indonesian Arrested for Illegal Crypto Mining

Indonesian Arrested for Illegal Crypto Mining

An Indonesian man has been arrested for allegedly using 27 college computers to mine cryptocurrency illegally. The 22-year old man had set-up a crypto-mining program to mine Bitcoin and Monero called ‘HoneyMiner’ using 27 college computers. He was also reported to be using the college’s computer room after being expelled from the college due to his failure to register his semester.

New Crypto Asset Rules Announced in Indonesia

New Crypto Asset Rules Announced in Indonesia

Indonesia’s Futures Exchange Supervisory Board (Bappebti) have recently announced the new cryptocurrency asset rules in the country. The new regulations focusing on good governance for cryptocurrency traders, legal certainty and consumer protection. Bappebti also confirmed that the move is indicating the country is entering the “early phase of regulation” for the cryptocurrency industry.

24 Suspects Arrested Allegedly Involved in Crypto Firm Hacking Incident

24 Suspects Arrested Allegedly Involved in Crypto Firm Hacking Incident

The Turkish authorities have recently captured 24 suspects who allegedly involved in a hacking incident worth of $2.47 million faced by a cryptocurrency firm. The Turkish police then explained that the operation to track the suspects and discovered that the suspects have been communicating through a well-known online battle royal game PlayerUnknown’s Battlegrounds (PUBG).

Bitcoin Max Exchange Allows to Keep Bank Account

Bitcoin Max Exchange Allows to Keep Bank Account

The Civil Court of Brasilia have allowed the Brazilian cryptocurrency exchange, Bitcoin Max to keep their bank account open with Banco Santander. The court has clarified that the bank haven’t meet its obligation to notify the cryptocurrency company regarding the closure of its bank account in advance. But exchange’s claim for compensation for moral damages was dismissed.

Ripple HQ Receives Taiwanese Regulators as their Guests

Ripple HQ Receives Taiwanese Regulators as their Guests

Ripple has recently welcomed the Taiwanese regulators in their company’s headquarters in discussing the potential of the technology offers by Ripple to enhance the financial inclusion in Taiwan. The meeting in Ripple HQ was confirmed by a Taiwanese Legislator, Karen Yu in her social media account which indicates that Taiwan is being open towards blockchain and cryptocurrency industry.

U.S. SEC Suggest Amendment in Regulation For Bitcoin

U.S. SEC Suggest Amendment in Regulation For Bitcoin

The U.S. Securities and Exchange Commission (SEC) Commissioner, Hester Peirce in speech at University of Missouri School of Law said that blockchain-based decentralized networks do not fit within existing securities framework. So it is important for policymakers and regulators to amend the existing federal laws to include new technological protocols. They making efforts in filtering out good ICOs.

Bank of Spain Warns Citizen Against Crypto

Bank of Spain Warns Citizen Against Crypto

A warning has been issued by Spain’s central bank regarding the public involvement of unregulated cryptocurrencies transaction in the country. The notice has been posted in the official blog of the central bank which has made it clear the institution’s stance on cryptocurrencies. No legislation regarding cryptocurrency has been passed by the country’s government at the moment.

Crypto Remittance Regulations Starts in Venezuela

Crypto Remittance Regulations Starts in Venezuela

Cryptocurrency remittances to be regulated by the Venezuelan government with a month limit and commission of up to 15% of the transaction amount will be collected. The decree stated, “The sender of the remittances referred to in this ruling is obliged to pay a financial commission up to a maximum amount of 15% calculated on the total of the remittance.”

Winklevoss Bros Ordered To to Pay Back $45K Legal Fee

Winklevoss Bros Ordered To to Pay Back $45K Legal Fee

Cameron and Tyler Winklevoss, Bitcoin Investors and Founders of Gemini Exchange have been ordered by U.S. District Court of the Southern District of New York to pay back $45,000 in legal fees incurred by entrepreneur Charlie Shrem. The twins had previously an invested in Shrem’s first startup BitInstant, an early crypto-exchange which was closed in 2013.