Topic: List of court cases, complaints, regulatory actions, etc. - page 3. (Read 197147 times)
A case of Cryptocurrency fraud by some fraudster in Japan in the early days of Bitcoin, that was dated back to around 2003, there are other numerous cases
Disclosure Group Investment Bitcoin barred by the CVM in Brazil
Jul. 25, 2012
Location: Brazil
Abstract: CVM (securities regulator in Brazil) decided that the Brazilian operator of a bitcoin-based "investment group" was violating securities law there and had to suspend the group.
Jul. 25, 2012
Location: Brazil
Abstract: CVM (securities regulator in Brazil) decided that the Brazilian operator of a bitcoin-based "investment group" was violating securities law there and had to suspend the group.
Due to the bridge of security and it's lapses the government of some countries with detail knowledge of cyber crime has not been in agreement with its security checks and hence do not support it's policies and benefit even if the benefits out weighs the cyber evil. My take on the issue is that more appropriate measures be taken to make the blockchain technology a safer environment.
BitFloor files complaint with FBI and Internet Crime Complaint Center (IC3).
Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
I think it's disgusting the amount of exchanges and startups that have poor amounts of security for their digital assets. In traditional companies, there is very little someone can do to steal everything in seconds- however, obviously, crypto completely changes that. You'd think that anyone developing an exchange of value would invest considerable effort into protecting funds, but clearly they do not.Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
Regulation will force the exchanges to implement at least baseline security standards and financial solvency/reporting requirements for startups looking to use ICO's for their financing. Right now for the most part the crypto-coin world is the Wild West where anything goes with ZERO consumer protections.
BitFloor files complaint with FBI and Internet Crime Complaint Center (IC3).
Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
I think it's disgusting the amount of exchanges and startups that have poor amounts of security for their digital assets. In traditional companies, there is very little someone can do to steal everything in seconds- however, obviously, crypto completely changes that. You'd think that anyone developing an exchange of value would invest considerable effort into protecting funds, but clearly they do not.
Agreed, I believe that something that needs to be done within exchanges would be a segregation of duties system. Whereas the hackers would have to penetrate many complex layers within the organization in order to steal funds. As it is now you take the funds and simply send it to your wallet. What exchanges should do IMO is make it so that there are 3-6 layers of authorizes on different teams in order to prevent fraud. Wondering if that could be built into the system itself for exchanges where the stakes are much higher than for the retail investor.
BitFloor files complaint with FBI and Internet Crime Complaint Center (IC3).
Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
I think it's disgusting the amount of exchanges and startups that have poor amounts of security for their digital assets. In traditional companies, there is very little someone can do to steal everything in seconds- however, obviously, crypto completely changes that. You'd think that anyone developing an exchange of value would invest considerable effort into protecting funds, but clearly they do not.
Bitcoin technology based on blockchain technology provides an attractive option for cybercriminals. With the operation of Bitcoin as a decentralized currency, people can make transactions without the presence of intermediaries such as banks or other financial institutions. This lack of intermediaries makes Bitcoin users gain anonymity and an impenetrable level of confidentiality from third-party interference.
why update too many posts to cover page 1 and 2, but this info is very good and useful, I really like and interested. just like this 
keep going ! Regrads
keep going ! Regrads
I have a feeling threads like this will be becoming more popular this year as regulators are looking more carefully at ICOs and are willing to step in and take action where they think they have jurisdiction. Markets like Korea or China where they have simply banned ICOs make for uninteresting reading as there is no well explained policy reasons or abilities to make determinations on grey areas. I think that securities regulators and tax authorities who take an active interest and do not apply a blanket approach will make for very intellectual discussions.
Hi
just upate in Indonesia, the regulation declares for concerning banning of bitcoin, will merely cover all forms of transactions using bitcoin, as a means of payment
just upate in Indonesia, the regulation declares for concerning banning of bitcoin, will merely cover all forms of transactions using bitcoin, as a means of payment
Update - India might not ban bitcoin but instead levy heavy taxes on it.
i i have question as per the scenario in present condition of bitcoin can it legally acclaimed by all country or not if not then how the bitcoin excit in world wide
I have a feeling threads like this will be becoming more popular this year as regulators are looking more carefully at ICOs and are willing to step in and take action where they think they have jurisdiction. Markets like Korea or China where they have simply banned ICOs make for uninteresting reading as there is no well explained policy reasons or abilities to make determinations on grey areas. I think that securities regulators and tax authorities who take an active interest and do not apply a blanket approach will make for very intellectual discussions.
An interesting read about Bitcoin & legislation..
IMHO, if we want cryptocurrencies to succeed, we should start paying for "crypto-lobbyists", who influence decision making processes.
what do you think of this idea? (ofc, we would need to pay for lobbyists in Washington DC, Brussels, etc).
the idea is good! but the community as well as BTC is decentralized. I'm not sure that we can organize lobbyists. Unfortunately every man for himself will fight to the fist high-profile incident. what do you think of this idea? (ofc, we would need to pay for lobbyists in Washington DC, Brussels, etc).
Very Informative Post and got some new information to read this
[Update Feb 19, 2014:
This thread is no longer being updated all that much. As Bitcoin further permeates the world, most every nation (or state, etc.) will have content specific to that jurisdiction's involvement with Bitcoin. Feel free to continue posting as you wish, but this thread will no longer be even close to being a comprehensive list as it had been for a period of time.
Other resources:
- http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country [Added Sep 3, 2015]
- http://coincenter.org/2015/06/tracking-bitcoin-regulation-state-by-state [Added Sep 3, 2015]
- http://www.coindesk.com/regulation [Added Sep 3, 2015]
- http://merkletree.io (formerly bitlegal.io I think) [Added Sep 7, 2015]
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
]
This list is to serve as an index to all the events in which Bitcoin-related topics interact with the courts, police, regulators, etc.
This is similar to how the NEW Articles in the Press Forum thread serves as an index to media mentions.
Topics related to regulations, taxes, etc. are also cataloged in a Bitcoin.it Wiki article:
Compilation of legal and regulatory information
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
I'm hoping for this thread to remain an index, mostly with just a brief summation and then links towards other threads and external sources -- rather than be where discussion for each index entry occurs. If an entry is made, feel free to reply with a link to a relevant thread where further discussion occurs or to other related content.
This thread is no longer being updated all that much. As Bitcoin further permeates the world, most every nation (or state, etc.) will have content specific to that jurisdiction's involvement with Bitcoin. Feel free to continue posting as you wish, but this thread will no longer be even close to being a comprehensive list as it had been for a period of time.
Other resources:
- http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country [Added Sep 3, 2015]
- http://coincenter.org/2015/06/tracking-bitcoin-regulation-state-by-state [Added Sep 3, 2015]
- http://www.coindesk.com/regulation [Added Sep 3, 2015]
- http://merkletree.io (formerly bitlegal.io I think) [Added Sep 7, 2015]
- http://www.cryptocoinlaw.net
- http://twitter.com/virtuallylaw
- http://BitcoinFoundation.org
- http://coindesk.com
- http://datauthority.org (info: http://coindesk.com/bitcoin-industry-leaders-launch-data-a-self-regulatory-body)
- http://bitcoinfinancialassociation.org
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
]
This list is to serve as an index to all the events in which Bitcoin-related topics interact with the courts, police, regulators, etc.
This is similar to how the NEW Articles in the Press Forum thread serves as an index to media mentions.
Topics related to regulations, taxes, etc. are also cataloged in a Bitcoin.it Wiki article:
Compilation of legal and regulatory information
- http://en.bitcoin.it/wiki/Compilation_of_legal_and_regulatory_information
I'm hoping for this thread to remain an index, mostly with just a brief summation and then links towards other threads and external sources -- rather than be where discussion for each index entry occurs. If an entry is made, feel free to reply with a link to a relevant thread where further discussion occurs or to other related content.
Patented https://www.google.com/patents/WO2017091530A1?cl=en
https://www.indiegogo.com/projects/the-future-of-bitcoin-all-about-my-coin-book#/
This guy say he is the founder. ( What is this "MY coin" ). What do you think? Its a scam or not?
This guy say he is the founder. ( What is this "MY coin" ). What do you think? Its a scam or not?
September 6, 2012
Location: New York City, NY USA
BitFloor files complaint with FBI and Internet Crime Complaint Center (IC3).
Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
Location: New York City, NY USA
BitFloor files complaint with FBI and Internet Crime Complaint Center (IC3).
Abstract: BitFloor suffered a security breach/hack in which about 24,000 BTC were stolen after access by the hacker was obtained to an unencrypted backup copy of the private keys hosted on BitFloor’s systems. The exchange is essentially insolvent as a result and remains shuttered, except for facilitating withdrawals for the funds that weren’t stolen — the U.S. dollar balances, none of which were impacted as a result of the security breach.
IMHO, if we want cryptocurrencies to succeed, we should start paying for "crypto-lobbyists", who influence decision making processes.
what do you think of this idea? (ofc, we would need to pay for lobbyists in Washington DC, Brussels, etc).
what do you think of this idea? (ofc, we would need to pay for lobbyists in Washington DC, Brussels, etc).
Jump to: