Law


Markets

British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout

The victim firm in the ransomware attack had paid $950,000 in bitcoin to the perpetrator through an insurance company. Much of it ended up on Bitfinex.

PROPERTY VALUES: In a possible first, a U.K. high court has recognized bitcoin as property, ordering Bitfinex to freeze an account holding 96 BTC believed to have originated from a ransomware payment. (Image via pxl.store / Shutterstock)

Policy

Digital Chamber Asks Court to Draw Line Between Investment Contracts and Assets in Telegram Case

The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.

U.S. District Court for the Southern District of New York

Policy

Ethereum Developer Virgil Griffith Indicted Over North Korea Event Appearance

Ethereum developer Virgil Griffith has been indicted in New York over allegations relating to a conference appearance in North Korea last April.

Ethereum developer Virgil Griffith is accused of violating U.S. sanctions law.

Markets

New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto

New Zealand's Inland Revenue Department has made it legal to receive salaries in cryptocurrency, and be taxed accordingly.

New Zealand tax form

Markets

Experts Say Mexico's Regulations Raise the Bar 'Too High' for Crypto Entrepreneurs

New laws are strangling crypto startups before they can begin to trade.

mexico-fintech-regulation-bitcoin

Markets

Crypto's Connection to the Hong Kong Protests

An effort to change extradition laws in Hong Kong has sparked protests – and questions about digital privacy and the right to transact.

Hng Kong protest

Markets

Hacked Crypto Exchange Cryptopia Files for US Bankruptcy Protection

Cryptopia has filed for bankruptcy protection in the U.S. seeking to preserve vital user data held on servers in Arizona

Cryptopia

Markets

Indian Government Again Discussing Ban on Cryptocurrencies: Report

The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies, according to The Economic Times.

Government buildings in New Delhi.

Markets

Bitcoin Trader Ordered to Forfeit $800K Gained via Unlicensed Exchange

A 22-year-old bitcoin dealer from the U.S. has been ordered to hand over $823,357 gained illegally via an unlicensed money transmission business.

law, crime