Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

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Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of…

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

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According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency…

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

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The CFTC is wrapping up its case against accused fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple.

Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims

Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims

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Youtube has been dragged into a class action lawsuit against Bitconnect for failure to protect its users from being exposed to the scam’s videos. This case might be used by Google and others to justify their bans on crypto ads, arguing that their algorithms can not distinguish between legitimate projects and frauds.   Also Read: No…

This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

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This week’s round-up features a colorful selection of bitcoin stories but we’ll start with the possible explanation for recent market dips. Most cryptocurrencies dropped in price over the period, following developments with depressing effect on traders. In Japan, Mt. Gox’s bitcoins stored in court ordered wallets have moved again, while in South Korea, the largest…

South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud

South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud

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The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches at the exchange and confiscated computers and accounting records. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Under Investigation South Korea’s largest cryptocurrency exchange, the Kakao-backed Upbit is suspected of fraud,…