Belarusian Fined $1 Million for Illegal Crypto Trading
A 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 Republic of Belarus has rejected the appeal of a Belarusian against a...
Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless managed in the case of servicing other kinds of customers. Cryptocurrency Exchanges Still Fighting Banks in Chile Cryptocurrency exchanges and...
Coinbase Shutting Down Most Crypto Services in Japan After Series of Job Cuts Globally
The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto,” Coinbase CEO Brian Armstrong insisted. Coinbase Winding Down Majority of Japanese Operations Cryptocurrency exchange Coinbase is closing the bulk of its...
Binance Now Authorized in 7 EU Countries — Sweden Becomes Latest Member State to Give Approval
Crypto exchange Binance is now legal to operate in seven European countries following the latest approval by Sweden’s financial regulator. Overall, Binance has been approved to operate in 15 jurisdictions, including seven EU countries. Binance Approved to Operate in 7 EU Countries Cryptocurrency exchange Binance announced Thursday that its Swedish entity, Binance Nordics AB, “has been granted registration as a financial institution...
‘Omi In A Hellcat’ Pirate IPTV Co-Defendant Forfeits Illegal Gains to U.S.
More than two years ago the federal government shut down Gears-branded IPTV services operated by Pennsylvania and New Jersey man, Bill Omar Carrasquillo – better known online as ‘Omi in a Hellcat’. The seizure of dozens of high-end cars and a reported $5.2m from bank accounts made international headlines in November 2019, further boosting Carrasquillo’s profile. A criminal indictment unsealed in 2021 revealed that the popular YouTuber...
