Tag: Court

Reserve Bank of India Faces Lawsuit Over Attempt to Ban Cryptocurrency Trading

When regulators attempt to clamp down on Bitcoin and cryptocurrency activity, the public will respond in one way or another. In India, it seems things are heading in a completely different direction compared to what one would expect. With the central bank recently attempting to ban Bitcoin activity, the institution now faces legal ramifications for doing so. India’s Central Bank in the Hot Seat For as long as most cryptocurrency …
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Beijing Court Rules in Favor of Huobi

It has been a while since we last heard from Chinese cryptocurrency exchanges. Ever since the CNY trading ban, very little has changed in that part of the world. In recent news, a Beijing district court has dismissed a lawsuit against such exchanges. Some traders had complained about exchanges being responsible for their financial losses. It was evident such claims wouldn’t hold up for long. A Decision in Favor of Chinese Cryptocurrency Exchanges All …
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Finnish Police Prepare to Take OneCoin to Court

OneCoin is slowly catching the attention of more law enforcement agencies worldwide. After initial investigations in India, Italy, and the United Kingdom, it now appears the notorious Ponzi scheme is under investigation by the Finnish authorities as well. It is good to see a global crackdown against OneCoin, since this pyramid scheme has taken money from thousands of investors. Moreover, the team seemingly is not too concerned with providing any transparency regarding the project or …
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Sentencing of Josh Garza Potentially Delayed Until January 2018

Josh Garza is one of the more hated people in all of Bitcoin and cryptocurrency. His numerous scams have included PayCoin, GAW Miners, ZenMiner, and ZenCloud. Everyone knew it would only be a matter of time until all of those companies suddenly disappeared. After a thorough investigation, law enforcement officials finally arrested Garza earlier this year. His sentencing, however, may not occur later this year as originally planned. That is not the …
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