Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency
The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied to citizens doing so without the bank’s approval. Reserve Bank […] Powered by...
Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation
Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly […] Powered by...
Ex-Mangamura Owner Must Pay $11m to Publishers; He Says He Won’t
From a standing start in 2016, manga piracy site Mangamura (Manga Village) took just two years to become the largest site of its type and the single largest online piracy threat Japanese publishers had ever encountered. Publishers including Shogakukan, Kadokawa, and Shueisha, and their anti-piracy partner CODA, estimated that in its relatively brief time online, Mangamura had caused a staggering $2.91 billion in losses. In April 2018,...
