Monday, April 21, 2025
Home > Illegal (Page 5)

Illegal Trades Account for Less Than 3% of Total Bitcoin Transactions – Blockchain Bitcoin News

According to a new report, illegal transactions, scams and gambling together make up less than 3% of the volume on the Bitcoin blockchain while exchanges and trading desks account for around 80% of volume. Exchanges Dominate Bitcoin Volumes A new study called “Blockchain Analysis of the Bitcoin Market” has found that

Read More

Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes – Regulation Bitcoin News

India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.” Meanwhile, the Indian government is

Read More

Indonesia’s Religious Leaders Declare Crypto Illegal for Muslims: Report

Muslims are forbidden from using crypto, Indonesia’s council of religious leaders has declared, Bloomberg reported on Thursday.Crypto is forbidden due to the elements of uncertainty and wagering, Indonesia’s authority on Shariah compliance, the National Ulema Council (MUI), announced following a hearing.Asrorun Niam Soleh, head of religious decrees, added that a

Read More

CFTC hits Kraken with $1.25M in fines over alleged illegal offering

The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act.In a Sept. 28 statement, the CFTC said U.S.-based crypto exchange Kraken — operating under the

Read More

Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal — CoinDesk

China renewed its crackdown on cryptocurrency trading and mining in the second quarter amid pilot testing of digital yuan. However, according to China journalist Colin Wu, the latest central bank statement is quite detailed and mentions tether (USDT) as illegal for the first time. Tether, the largest stablecoin per market

Read More

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300 – Mining Bitcoin News

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners

Read More

Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns – Regulation Bitcoin News

Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media

Read More

Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners – Mining Bitcoin News

Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners Burn Less Energy Than Tavanir Estimates, Ministry of Industries Says An

Read More