Iran confirms supporting an ICO and several Blockchain projects

On Tuesday, Iranian officials spoke to the Iranian media and confirmed that a government organization – Iran Telecommunication Research Center – has 4 Blockchain projects in progress that have looked at using Blockchain for policy making, threat management and business use cases for Iran. Further, they announced that a project at Sharif University, funded by [...]

China’s Supreme People’s Procuratorate comments on Blockchain-based evidence for Court purposes

China’s Supreme People’s Procuratorate, the highest national legal supervisory body in China (which reports to the National People’s Congress), published a commentary by a learned legal scholar on its official website on the use of Blockchain for Court evidentiary purposes yesterday, noting that for it to grow as a source of reliable evidence in Chinese [...]

US identifies Canada as major money laundering country, and notes concern over its low prosecution rate

Canada once again a “Major Money Laundering” country The 2019 “International Narcotics Control Strategy Report” (INCSR) published on Friday by the U.S. Department of State identifies Canada once again as a “major money laundering country” along with a host of risky countries for financial crime. A “major money laundering country” is one whose banks and financial [...]

A guy says he gave $3M of Bitcoin to a stranger to sell in Hong Kong and, you guessed it, says he never saw it again

This is one of those stories that could only happen in the Bitcoin world. In June 2017, a guy named Nico Constantijn Samara, from the Netherlands, who owned over 1,000 Bitcoin worth US$3.1 million, travelled to Hong Kong to sell them to a stranger. When he arrived, he discovered that under Hong Kong banking law, [...]

Listed terrorist organization asks for Bitcoin

According to an article in CCN today, a person who may be a supporter of HAMAS, a listed terrorist organization, allegedly took to social media – in particular Twitter – to solicit financial support with Bitcoin. The Twitter account is still operational even though, if the story is accurate, the tweet constitutes an attempt at [...]

World’s first bi-national government issued digital currency launched in Middle East

Saudi Arabia and the United Arab Emirates announced yesterday in Abu Dhabi that they have created and launched a joint new bi-national digital currency. The name of the coin has not been released, not the type, not the amount issued, nor its price per coin. According to the governments of both nations, the new Saudi [...]

Oxymonster sentenced to 20 years for money laundering and dark net drug sales

A foreign national from France, known on the dark net as OxyMonster, was sentenced to 20 years jail in the US for selling drugs such as fentanyl, online, and laundering the proceeds of crime. Gal Vallerius, 36, pleaded guilty to drug distribution and money laundering in Miami in June for selling cocaine, methamphetamine, fentanyl, oxycodone and [...]

ICOs & tokens increasingly attracting FBI criminal attention

According to this interview with FBI’s Financial Crimes Section Chief on CNBC, the FBI is seeing an increase in the number of complaints and cases opened involving digital currencies and crime. In particular, the FBI said that it is mostly ICOs and associated investment fraud schemes involving Bitcoin that are on the raise for investigations [...]

New York AG releases integrity report on digital currency exchanges

The New York Office of the Attorney General (the “OAG“) released a report yesterday on the integrity of digital currency exchanges. It sought the voluntary participation of exchanges including Bitstamp, Coinbase, Binance, Huobi, Bitfinex, Kraken, Bittrex, Gemini and Poloniex, among others. The OAG noted that Binance and Kraken declined to participate, citing the fact that [...]

CEO of the exchange OKCoin allegedly stalked by several customers demanding back investments in digital currencies

According to Caixin, China’s most influential media company, the founder and CEO of  the Chinese digital currency exchange OKCoin, Mingxing Xu, 徐明星, was stalked and chased to a hotel in Shanghai by angry customers of his exchange. Later that day, he was taken to the Shanghai police station and detained overnight and part of the next [...]