Two Nigerian nationals have been indicted by U.S. prosecutors for allegedly running a fraudulent bitcoin investment scheme. The Oregon District Attorney’s Office announced Wednesday that the defendants, Onwuemerie Ogor Gift and…
Tag: US crypto regulation
Brazilian Police Arrest Suspect for Money Laundering With Bitcoin
Brazilian police have arrested a man for operating a clandestine drug laboratory and using the leading cryptocurrency bitcoin (BTC) to launder the proceeds, Cointelegraph Brasil reported on April 24. The State Department…
WHY MOVING TO TEXAS COULD GIVE BITCOIN MINERS MAXIMUM PROFIT
Flaring, a common practice of burning off natural gas that can’t be efficiently captured and stored has reportedly reached record levels in the state of Texas. Let’s look at…
Robinhood Applies for Charter in Push to Offer Traditional Banking Services
Stock and crypto trading platform Robinhood has applied for a bank charter with regulators in the United States, S&P Global Market Intelligence reported on April 19. According to a statement, Robinhood says securing approval from the…
FinCEN Takes First Enforcement Action Against P2P Cryptocurrency Exchanger
The United States Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty for a California resident accused of wilfully violating money transmission laws in his work as a peer-to-peer…
US Justice Dept. Convicts Two Romanians of Cybercrimes Including Cryptojacking
A federal jury has convicted two Romanian alleged cybercriminals of spreading malware to steal credit card credentials and illicitly mine cryptocurrency, an announcement from the official website of the United States Department of Justice revealed on April 11. The malware allegedly…
US Legislators Reintroduce Token Taxonomy Act to Exclude Crypto From Securities Laws
Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as…
US Subsidiary of EU Crypto Exchange Bitstamp Seals BitLicense From New York Regulator
The United States subsidiary of major European crypto exchange Bitstamp has been granted a virtual currency license from New York state’s financial regulator, according to an official press release from the New York Department of Financial…
New York Grants Its 18th BitLicense to Crypto ‘Prime Broker’ Tagomi
The New York Department of Financial Services (NYDFS) has awarded its latest BitLicense to crypto brokerage startup Tagomi Trading LLC. Announced Wednesday, this is the 18th such license issued…
Proposed Texas Bill Would Require ID Verification for Crypto Use
A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment. If…
