カテゴリー: Fine

Etherdelta Founder Fined $400K for Operating Unregistered Securities Exchange

SEC Fines Etherdelta Founder $400K for Operating Unregistered Securities ExchangeThe U.S. Securities and Exchange Commission has published details of a cease and desist order it has taken against Zachary Coburn, the operator of Etherdelta. The decentralized ER20 token exchange was the leading Ethereum DEX during its peak, executing more than 3.6 million orders. According to the SEC, many of those orders were for unregistered […]

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Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair

Public Anger Forces Bank CFO to Quit Over Huge Money Laundering AffairBank executives rarely get punished for their misdeeds, leading to many people distrusting the entire banking system as plagued with widespread corruption. But once in a while someone has to bite the bullet. Recently, public anger has forced a CFO of a major bank to quit after a huge money laundering affair came to light. […]

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SK Regulator Fines Exchange Operator Bithumb 60 Million Won for Leaking Customer Data

South Korean Regulator Fines Bithumb 60 Million Won for Leaking Customer DataThe Korea Communications Commission has fined the operator of Bithumb, South Korea’s largest bitcoin exchange, for leaking users’ private data. This marks the first time the country’s government has taken punitive steps against a cryptocurrency exchange. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions First Punitive Action Against Crypto […]

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South African Drivers Can Now Pay Traffic Fines in Bitcoin

South African Drivers Can Now Pay Traffic Fines in BitcoinA traffic fines administrator from the city of Alberton, South Africa has started accepting payments in bitcoin. Drivers from all over the country who wish to pay their tickets with the cryptocurrency can now do so via this new service. Also read: Three Kenyans Face Felony Charges for Selling Bitcoin to a Bank Robber Cornelia […]

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Vietnam’s Central Bank Seeks to Ban Bitcoin Activities

Vietnam's Central Bank Seeks to Ban Bitcoin ActivitiesThe State Bank of Vietnam has developed a legal framework for digital currencies. The bank has submitted its proposals to its government, seeking to ban activities relating to bitcoin including issuance, distribution, and use. Bitcoin users may be subject to criminal prosecution and fined up to 200 million dong. Also read: Japan’s SBI Group Launching Eight […]

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Brazilian Man Uses Bitcoin to Evade Judge’s Extortion

Brazilian Man Uses Bitcoin to Evade Judge's ExtortionThe story of how a Brazilian man was able to use bitcoin to evade a corrupt judge’s extortionate demands has been published by Panampost. The story recounts how Daniel Fraga was able to utilize a loophole stemming from Brazil’s lack of legal classification surrounding bitcoin to avoid a slew of arbitrary fines incurred through Daniel […]

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