Author

Topic: Legal problems for Btc-e ? (Read 2974 times)

legendary
Activity: 1789
Merit: 1008
Keep it dense, yeah?
February 04, 2014, 03:35:36 AM
#12
The story linked in the OP is false. The prosecutor's office has updated its website with the following announcement:

04.02.2014
Note to the media

The website of the prosecutor's office of Volgograd Region is being hacked. As a result, a false news report on the opening of a criminal case against internet resources was posted on the website. Until the technical issues are resolved, please check the authenticity of news stories in the press service of the prosecutor’s office of the Volgograd Region by phone on 31-04-21.

http://volgoproc.ru/newversion/cgi-bin/run.pl?mod=news.mod&dirmod=mod&func=view&id=2332

Good shout, thanks for sharing this new article. Hopefully this is the case...
member
Activity: 92
Merit: 10
February 04, 2014, 02:22:57 AM
#11
The story linked in the OP is false. The prosecutor's office has updated its website with the following announcement:

04.02.2014
Note to the media

The website of the prosecutor's office of Volgograd Region is being hacked. As a result, a false news report on the opening of a criminal case against internet resources was posted on the website. Until the technical issues are resolved, please check the authenticity of news stories in the press service of the prosecutor’s office of the Volgograd Region by phone on 31-04-21.

http://volgoproc.ru/newversion/cgi-bin/run.pl?mod=news.mod&dirmod=mod&func=view&id=2332
hero member
Activity: 728
Merit: 500
February 03, 2014, 11:58:34 PM
#10
I found somewhere in the trollbox 8 months ago when "support" said "We are in Russia"

http://trollboxarchive.com/search.php?search_type=username&search=support
legendary
Activity: 1789
Merit: 1008
Keep it dense, yeah?
February 03, 2014, 03:49:37 PM
#9
Here is one interpretation on the matter:

http://www.cryptocoinsnews.com/2014/02/03/calm-down-internet-btc-e-is-not-about-to-be-shutdown/

World is a fucking joke if HSBC can get away with mega money laundering yet exchanges and those involved with Bitcoin at a CEO level are getting picked off and threatened.
newbie
Activity: 9
Merit: 0
February 03, 2014, 03:39:32 PM
#8
http://i60.tinypic.com/2epkbgm.png

https://btc-e.com/page/1

Jurisdiction
Laws in the country where the user resides may not allow the usage of an online tool with the characteristics of BTC-e or any of its features. BTC-e does not encourage the violation of any laws and cannot be held responsible for violation of such laws. For all legal purposes, these Terms of Use shall be governed by the laws applicable in the Cyprus. You agree and hereby submit to the exclusive personal jurisdiction and venue of the Cyprus for the resolution of any disputes arising from these Terms of Use.
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
February 03, 2014, 03:16:49 PM
#7
Time for some Vodka!
legendary
Activity: 966
Merit: 1001
Energy is Wealth
February 03, 2014, 03:12:45 PM
#6
hero member
Activity: 515
Merit: 502
February 03, 2014, 03:08:55 PM
#5
   From a post on Reddit http://pastebin.com/v6g3XsZm it looks as a general attack against cryptomoney, not just Btc-e

    03.02.2014: Пpoкypaтypa г.Boлгoгpaдa
    Boзбyждeниe yгoлoвнoгo дeлa в oтнoшeнии интepнeт-pecypcoв, пpeдocтaвляющиx ycлyги oбмeнa т.н.
    
    Prosecutor of city of valgagrad
    starting criminal case concerning internet resource concerning services of currency exchange
    
   Пo мaтepиaлaм пpoкypopcкoй пpoвepки вoзбyждeнo yгoлoвнoe дeлo o мoшeнничecтвe (Cт. 159 УК PФ), лeгaлизaция (oтмывaнии) дeнeжныx cpeдcтв, пpиoбpeтeнныx дpyгими лицaми пpecтyпным пyтeм (Cт. 174 ч.2) в oтнoшeнии интepнeт-pecypcoв, пpeдocтaвляющиx ycлyги oбмeнa т.н. "виpтyaльныx вaлют”.
    
    The Material gathered by prosectors started a criminal case about fraud, and money laundering through the virtual barter.

    Maтepиaлы пpoвepки cвидeтeльcтвyют o нeзaкoннoм иcпoльзoвaнии т.н. "виpтyaльныx вaлют", включaющиe в ceбя пpoтивoдeйcтвиe лeгaлизaции дoxoдoв, мoшeнничecтвo, и финaнcиpoвaниe тeppopизмa. Пpoкypaтypa г. Boлгoгpaдa нaмepeнa xoдaтaйcтвoвaть o пpeкpaщeнии дocтyпa к pecypcaм, пpeдocтaвляющим ycлyги пo oбмeнy "виpтyaльныx вaлют", a тaкжe иx иcпoльзoвaнию. Пocтaвлeн вoпpoc oб yгoлoвнoм пpecлeдoвaнии юpидичecкиx и физичecкиx лиц, oкaзывaющиx дaнныe ycлyги.
    
    The material gathered show illegal use of virtual currency including money laundering, fraud, and financial terrorism. The prosecution of the city of valgagrad is planning to stop exchange, (so no more rubel to crypto) and the exchange of services or currency, and also the usage of crypto. They also are questioning if they should prosecute legal organizations, or just individuals who provide access to the currency. (so they’re saying if they’re deciding if they’re gonna throw Mr. smith selling his mined Bitcoin into jail, or just exchange operators like BTC-e guys (if they’re russian)
    B oтнoшeнии pядa pecypcoв пpoизвoдитcя пpoвepкa. Maтepиaлы пo чacти из ниx, a имeннo - btc-e.com и metabank.ru пepeдaны в Глaвнoe cлeдcтвeннoe yпpaвлeниe CК PФ.
    
    Concerning all the material gathered, and particularly BTC-e, they gave them to main prosecution of russian federation. (main office of russian federation)
    
    B ближaйшee вpeмя бyдeт пocтaвлeн вoпpoc o нaпpaвлeнии пpeдпиcaния в Pocкoмнaдзop для блoкиpoвки дaнныx интepнeт-pecypcoв c цeлью пpeдoтвpaщeния нoвыx пpaвoнapyшeний.
    
    very soon there will be a hearing discussing the the entire blocking of internet resources to get to bitcoin/crypto.
    
    Пpoвoдитcя дoпoлнитeльнaя пpoвepкa пo фaктy нapyшeния ФЗ oт 10.07.2002 N 86-ФЗ (peд. oт 28.12.2013) "O Цeнтpaльнoм бaнкe Poccийcкoй Фeдepaции (Бaнкe Poccии)" в oтнoшeнии юpидичecкиx лиц,  пpeдocтaвляющиx ycлyги кyпли-пpoдaжи "виpтyaльныx вaлют”.
    
    We also have under investigation the legality of virtual bartering and virtual currency (under that specific policy mentioned)
  
    Boзбyждeнo aдминиcтpaтивнoe пpoизвoдcтвo пo cт. 15.27. Heиcпoлнeниe тpeбoвaний зaкoнoдaтeльcтвa o пpoтивoдeйcтвии лeгaлизaции (oтмывaнию) дoxoдoв, пoлyчeнныx пpecтyпным пyтeм, и финaнcиpoвaнию тeppopизмa.
    
    there will also be administrative repremends, according to the 15.27 statue if someone is breaking that law about currency money laundering
    
    Paccлeдoвaниe дeлa взятo Boлгoгpaдcкoй гopoдcкoй пpoкypaтypoй нa кoнтpoль.
    
    The investigation is under the control of the city of volgagrad prosecutor.
    
    So basically this city is about to take action against anyone using any sort of crypto, whether its barter, purchase of the crypto, mining, or any nature of crypto.
    
    They are also working with the russian federation prosectors to take some sort of action against BTC-e, and are considering placing an internet firewall so that no one can access anything crypto related.
    
    Crypto will die in russia.

legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
February 03, 2014, 03:03:59 PM
#4
Just dont keep a bunch of coins there, because one day you may wake up and find out that your coins are all gone!
sr. member
Activity: 531
Merit: 260
Vires in Numeris
February 03, 2014, 03:02:22 PM
#3
Doesn't look good for btc-e but then should anyone be surprised?

All exchanges that want to be taken seriously and not be exploited by criminals, will have to offer KYC (Know Your Customer) at the bare minimum.

The only surprise here is that btc-e is in Bulgaria but then if they are offering services to Russian nationals, they are obviously going to be liable for aiding an abetting anyone taking advantage of the lack of security. Ignorance is no defence and crime does exist; authorities and wider society, will require that services are responsible and not enabling crime.

If Bitcoin is to go mainstream, then we have to welcome that authorities are taking steps to ensure exchanges operate in a professional manner.
legendary
Activity: 966
Merit: 1001
Energy is Wealth
February 03, 2014, 03:00:50 PM
#2
BTC-e is a Cyprus registered company with servers located in Bulgaria

BTC-e does not work with any Russian Bank.

BTC-e's founders Aleksey and Alexander, are not Russian citizens

BTC-e falls under Cyprus Jurisdiction  (EU) when u sign up you can see for yourself, read the terms and conditions.
hero member
Activity: 515
Merit: 502
February 03, 2014, 02:44:45 PM
#1
http://volgoproc.ru/newversion/cgi-bin/run.pl?mod=news.mod&dirmod=mod&func=view&id=2331

From google traslation it looks serious, I hope russian members can help to verify and appraise this issue.

"03/02/2014 : The prosecutor's office in Volgograd
Criminal proceedings against online resources providing exchange services called

Based on materials from the prosecutor's check the criminal case of fraud (Article 159 of the Criminal Code ) , the legalization ( laundering ) of funds acquired by other persons crime (Article 174 , part 2 ) in respect of online resources that provide services to the so-called exchange " virtual currency " .

Materials tests demonstrate illegal use of so-called " virtual currency " , including anti-money income , fraud and terrorism financing . The prosecutor's office in Volgograd intends to apply for termination of access to resources, providing services for the exchange of " virtual currency " , as well as their use. Raised the issue of the prosecution of legal and natural persons providing these services.

For a number of resources is checked . Materials for some of them , namely - btc-e.com and metabank.ru transferred to the Central Investigation Department of the RF IC .

In the near future will be asked to send prescriptions Roscomnadzor to lock data online resources in order to prevent new offenses .

An additional check for violation of the Federal Law of 10.07.2002 N 86-FZ (as amended on 28.12.2013 ) " On the Central Bank of the Russian Federation (Bank of Russia )" in the case of legal entities that provide services to the sales of "virtual currency " .

Instituted administrative proceedings under Art. 15.27 . Failure to fulfill the requirements of legislation on counteraction to legalization (laundering ) of proceeds from crime and terrorist financing.

Investigation of the case is taken Volgograd city prosecutor's office under control.
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Time to withdraw?  Huh
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