Archive | Announcements

CFPB received only 7 bitcoin complaints in 2016

January 16th, 2017 by

The US Consumer Financial Protection Bureau (CFPB) received only seven complaints related to bitcoin in 2016. To be more precise, only one of these seven reported is related to virtual currency fraud or a scam. Two complaints are labeled as ‘other transaction issues”, and the rest of the complaints relate to other service issues.” It […]

South Korea plans to launch full-scale blockchain financial services pilot

January 12th, 2017 by

South Korea’s Financial Services Commission (FSC) – the country’s primary financial regulatory and authority – have announced during a fintech meeting that it will launch a full-scale pilot project on blockchain-powered financial services this year. The announcement comes just over a month after the formation of South Korea’s first blockchain consortium. A group of 21 […]

Islamic militants used bitcoin and PayPal to fund terror acts

January 11th, 2017 by

Islamic militants are using bitcoin and online-payment services such as PayPal to fund terrorism in Indonesia, according to the head of a financial transaction and reporting agency. Officials with Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), an independent agency established in 2002 that enforces the country’s anti-money laundering (AML) laws, gave the remarks at a […] operator pleads guilty in US case tied to JPMorgan hack

January 11th, 2017 by

Anthony Murgio, a man accused of co-running the Florida-based bitcoin exchange which shut down amid charges of money laundering and connections to a JP Morgan hack, has plead guilty in federal court. The plea deal, which was concluded in federal court in Manhattan, saw Murgio pleading guilty to three counts, including conspiracy to operate […]

Securities Exchange Commission delays decision on SolidX Bitcoin Trust

January 10th, 2017 by

The U.S. Securities Exchange Commission (SEC) announced that it is delaying its decision whether to approve the listing of SolidX Bitcoin Trust on the NYSE Arca exchange. SolidX first filed a registration statement (Form S-1) with the SEC on July 11, 2016, proposing to launch its SolidX Bitcoin Trust. SolidX Bitcoin Trust will not be […]

The Netherlands’ Public Prosecution Service focusing on bitcoin money laundering

January 9th, 2017 by

The Netherlands’ Public Prosecution Service is looking at three pending cases involving the digital currency bitcoin and money laundering in 2017. The prosecution department, formally known as the Openbaar Ministerie (OM), is the body responsible for determining whether suspected criminals should be referred for prosecution. It is currently legal to trade in bitcoin, which rose […]

Spanish banking group BBVA acquires Mexican fintech startup Openpay

January 4th, 2017 by

BBVA has announced the acquisition of Openpay, a payments fintech startup based in Mexico that enables real-time payments for individuals, small businesses, and large enterprises. According to BBVA, Openpay combines a cutting-edge, real-time platform that allows users to make card, cash and loyalty points payments and banks transfers in a single integration. It also uses […]

Digital currencies are now illegal in Colombia

January 2nd, 2017 by

Superintendencia de Sociedades, the Colombian regulatory agency has announced that bitcoin, and digital currencies in general, are now illegal in Colombia. The announcement was made by the head of Superintendency, Francisco Reyes Villamizar. According to reports, the action was taken to check the increasing growth of so-called investment clubs which are mostly Ponzi schemes. Most […]

IRS asks court to dismiss Coinbase customer’s motion to block investigation

December 30th, 2016 by

The Internal Revenue Service (IRS) is seeking to dismiss the filing by Coinbase customer Jeffrey K. Berns, which sought to block the IRS from accessing personal and transactional information of individuals who used the Coinbase’s platform during 2013-2015. Filed in the US District Court of Northern California (which oversees the city of San Francisco where […]

LedgerX receives investment from Miami International Holdings Inc

December 28th, 2016 by

LedgerX, an institutional trading platform that hopes to be the first federally regulated derivatives clearing organization for digital-based options, recently received an investment from Miami International Holdings Inc. MIH also played a key role in bringing together a consortium of other investors who have co-invested with MIH in Ledger Holdings. Early investors in Ledger Holdings […]