St Petersburg canceled 40 bitcoin related website ban

St Petersburg canceled 40 bitcoin related website ban

On March 1st news, the local court second Russian city of St Petersburg, canceled after about 40 bitcoin related website ban.


Last March, St Petersburg prosecutors filed a lawsuit, to prohibit websites such as Bestchange.ru and 24paybank.com, because they are “the spread of digital currency information”, “no real assets as the backing, and does not provide information about their data owner”.


Last July, St Petersburg Oktyabrsky District Court approved the St Petersburg prosecutor’s office for blocked 40 bitcoin related websites.

South Korean prosecutors actively contributed to the confiscation of illegal income bitcoin

South Korean prosecutors actively contributed to the confiscation of illegal income bitcoin

The South Korean government agencies as to whether to confiscate the illegal income bitcoin yields differences. Involved in a 216 bitcoin case, the court ruled that the once digital currency can not be confiscated. But now the prosecutor to the court to request the overthrow of the ruling to allow confiscation of this batch of currently worth billions of won bitcoin.

Prosecutors want to confiscate bitcoin

SBS reports, September Suwon District Court ruled that the confiscation of criminal cases in the bitcoin is not appropriate, the prosecutor in the case, has been to the court to overturn the verdict. Prosecutors believe that all illegal income should be confiscated.

News.Bitcoin.com reported that the case began in April, web developer complaint cases, the three years in the adult website to spread 235000 illegal pornographic articles.

The 33 year old Ahn to create a website with 1 million 200 thousand adult clients. Prosecutors seized cash 1 billion 460 million won, and stored in the 216 exchange bitcoin wallet. Since Ahn was arrested, the 500 million won coins added to 4 billion 250 million won (about $4 million).

The court has ruled that the confiscation of bitcoin is not appropriate

    

In the September trial, prosecutors provided a lawsuit against Ahn and their families, to confiscate 1 billion 460 million won in cash and 216 coins.

Suwon district court will Ahn sentenced to six months a year in prison, but the judge decided to confiscate 340 million won in cash, but refused to confiscate these bitcoin. He believes that 340 million won Ahn direct cash is generated from the porn business in profit. As for the digital currency, news reports the judge’s decision.

“Not only is difficult to do, but also confiscated bitcoin is not appropriate, because they do not have the entity, is a form of electronic document, they are not cash”.

The media explained that bitcoin is not suitable for the confiscation of the ruling basis of recessive income regulation (ConcealedRevenueRegulationAct) tenth.

The media continue to call, if prosecutors successfully confiscated bitcoin Ahn, they will be transferred to the Treasury auction, “plan cases of second instance court date is January 8th”.

Miami’s $6 million 500 thousand sale of luxury or support bitcoin bitcoin cash payment

Miami’s $6 million 500 thousand sale of luxury or support bitcoin bitcoin cash payment

   

According to Miami’s “new times” reported that early bitcoin investors, the new economy firm believer in Mike Komaranski (MikeKomaransky) he decided to close the Coral Gables has seven bedrooms, 9452 square foot mansion sold recently. The mansion has two luxurious kitchen, a basketball court and a swimming pool. Mike of the house price for nearly $6 million 500 thousand and accept the use of bitcoin payment.

According to reports, Mike a few years ago to show his bitcoin confidence to support many accept bitcoin vendors. Therefore, he said at present he has spent a lot of money in it. He said: “I have bought a bunch of stupid T-shirt and a sushi keychain, spent about $50 thousand worth of bitcoin.”

Mike bought the house in 2014, and offered to pay with bitcoin. Before the buyer did not accept his proposal, but now he put it back on the market, he decided to provide buyers using bit bitcoin currency or cash payment options. He said: “I want to show people the real world, goods and services can be used bitcoin and bitcoin cash.”

According to the trading agent Stephen Burke of Miami (StephanBurke) said that in the field of real estate and global currency deal is good for his business. He said: “Miami is not a city; it is more like a country. We have come from the China and Dubai buyers now, they can come from all over the world. We support the use of bitcoin cash payment, because the use of encryption currency and where you come from.”

Bitfinex withdrawal of Wells Fargo litigation request did not specify the reasons for withdrawal

Bitfinex withdrawal of Wells Fargo litigation request did not specify the reasons for withdrawal

A week later, according to the Bitfinex of Wells Fargo Bank transfer $exchange to suspend the case, Bitfinex has withdrawn the request to suspend the Wells Fargo Bank dollar remittance claims. Few people believe that Bitfinex has the opportunity to be able to successfully oppose the decision of Wells Fargo Bank, even served as the company’s agent.

Withdraw the lawsuit

The original Bitfinex parent company Ifinex on Wednesday March 5th sued Wells Fargo Bank and Wells Fargo, and suspend its foreign exchange remittance of $. In Bitfinex the withdrawal of Wells Fargo this lawsuit, the plaintiff and the other is TetherLimited subsidiary of Ifinex BFXNAInc and BFXWWInc., they asked the jury in the trial of the case, and tried to “preliminary and permanent injunction of Wells Fargo, and rich bank compensation they pay more than $75000, and any the Court acknowledged that additional relief fairness.

After a week on Tuesday, the four plaintiffs to the district court for the Northern District of California submitted “voluntary revocation proceedings”, the application effectiveness of San Francisco branch approval notice and dismissed the plaintiff’s claim. Pointed out that the court documents, the four plaintiffs “prejudice voluntarily withdraw” for Wells Fargo litigation, pointed out:

The voluntary revocation litigation request notice made by the defendant to the court before litigation, in order to get the summary judgment to stop the proceedings.

The probability of success is not

In Bitfinex the withdrawal of Wells Fargo’s lawsuit and the time of this writing, the Bitfinex has not issued a statement on why the revocation of the relevant bank lawsuit.

However, some people think that the company of Wells Fargo Bank case, won and got the opportunity for small. A bitcoin Reddit user wrote: “Wells Fargo may argue that Bitfinex does not represent a rational side;” another user wrote: “they [Bitfinex] will lose the lawsuit, because they did not stand, 1) 2) to allow banks to transfer discrimination. Users questioned why not Bitfinex with a number of banks to become partners, and suggested that the company should use their resources to find better agent banks and become partners, and don’t waste time on “know that they will lose the lawsuit”.

The representative of Bitfinex responded to the Reddit post, said: “we are trying to promote the development of these relations, and develop a new relationship,” added, they will explore other options. He added:

“Although we have alternative channels available to us, but related to operating expenses, processing speed of withdrawals will be delayed.”

Big banks break the bank agent relationships and small banks are not rare, in the relevant report of the world bank, the bank can stop doing business with any bank of any country, if there is the high cost of cooperation or cooperation with the entity because risk is too high and can not be managed “situation, the agent bank can claim the risk is too high, the bank can not be forced to remain with the agent bank relationship.

Bitfinex has to ensure that customers, in the case of damage to the customer funds, their funds are not frozen by Wells Fargo, and Wells Fargo only agent.

The Italy tax bureau announced bitcoin as a digital currency, value added tax

The Italy tax bureau announced bitcoin as a digital currency, value added tax

    

New documents show that the Italy tax bureau (AgenziadellaEntrate) will bitcoin as a currency.

The tax bureau is Italy senior tax organs, this month released a new message on digital currency. A few months ago the European Court on how to use the technology deals with how to levy VAT ruling.

According to the Italy tax bureau report, using bitcoin transactions still not value-added tax; echoed in October last year the European Court of Justice (ECJ, EuropeanCourtofJustice) resolution. However, the tax bureau documents show that bitcoin speculation will be levied income tax, as long as it is involved in bitcoin transactions.


In response to the request of a local business tax bureau published the rules, did not disclose the specific business name. And in the category of bitcoin speculation outside the bitcoin transaction does not apply to the income tax.

So the revenue actually put bitcoin as a currency that is different from the current global bitcoin tax management.

The ruling is not perfect?

However, at least one analyst pointed out that the resolution of the problems of tax bureau.

Italy registered accountants and tax consultant StefanoCapaccioli writing Bowen said, the decision to participate in the digital currency trading companies to increase new unstable factors.

In particular, although the tax bureau should bitcoin tax law itself is not recognized, Italy. But he pointed out that Italy’s current accounting standards also have a conflict with the resolution.

“It raises more questions than it benefits”.

Mt.Gox intends to sell the trademark “Bitcoin”, but the buyer can perform?

Mt.Gox intends to sell the trademark “Bitcoin”, but the buyer can perform?

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Tibanne KK, Japanese bankruptcy platform Mt. Gox cooperation company is looking for to buy “bitcoin” trademark rights of investors. The company for the first time the trademark in 2011, trademark protection period in Europe in 2021 to 2022 in japan.

However, the sale of Bitcoin The trademark has also caused some problems about the validity of the trademark, Bitcoin It has been widely used in digital currency circle, it can be moved to court for sale?

CoinDesk Interview Daliah Saper A lawyer, he is located in Chicago Saper Law The founder, he is a specialist in intellectual property rights. From his law firm Two thousand and thirteen To accept bitcoin payments, he said, all this if you want to enforce trademark ownership in the world, is a very difficult thing. He went on to explain that this is a technical term, no one can have a “shirt” or “watch this” trademark, Bitcoin Is the representative of bitcoin, people say Bitcoin It is said in the bitcoin.

Tibanne The company also packaged and sold their bitcoin related domain name, hope to sell at least One hundred Million dollars, the money can be used to repay creditors.

A Tibanne The management personnel in the Wall Street Journal said in an interview with. Mt.Gox The company went bankrupt, he hasn’t used “ Bitcoin ‘ The trademark.

Complex transactions

Saper That any person from Mt.Gox Buy Bitcoin The trademark, the trademark words are likely to encounter the problem itself. First, Tibanne The first is the mark, people buy face show that the trademark validity problems. Bitcoin The word first appeared in the Cong Two thousand and nine Published papers.

According to the UK intellectual property office, Tibanne The sale of trademarks involves four areas of the law, namely, software, electronic commerce, transport services and e-commerce hosting service. To buy any of the trademark people should take into account the four areas of the effectiveness of the problem. Otherwise, the trademark is likely to be abandoned, and the area for the new brand name.

May not agree

Saper proposal Tibanne Listed for sale Bitcoin The trademark, because the current digital encryption currency field, government departments and regulatory agencies are not familiar with this name. As a result, the trademark may be easily approved, because people do not know it approved Bitcoin Is a general term.

Saper Said: Perhaps the trademark audit institutions not clear what it is, maybe easily approved down.”

Saper Added, if a trademark application is approved or filed after two years, a trademark can not be recognized.

?

Singapore International Commercial Court rejected B2C2 bitcoin lawsuit

nBankruptcy commentary: With the rapid rise of bitcoin prices, the case of British company B2C2 suing Quoine Singapore Crypto Exchange earlier this year has been getting more and more attention. At present, the Singapore National Commercial Court has ruled on this and dismissed the lawsuit in support of Quoine in order to ensure fair market withdrawal of the transaction. The decision also enabled more people who trade cryptocurrencies to realize that even though the new market is hardly regulated today, it is still not advisable to undermine its fairness. Honesty is an important factor in the normal operation of cryptocurrencies.n
nTranslation: Inan
Singapore’s International Commercial Court announced on December 28 the dismissal of a lawsuit filed by the plaintiffs in an attempt to recover 3092 bitcoin from a crypto-currency exchange.n
The case was brought to court by Singapore-based B2C2, an electronic market maker B2C2, in April this year against Quoine, Singapore’s cryptocurrency exchange, which attracted the attention of a large number of bitcoin. According to the CoinDesk Bitcoin Price Index, the current value of 3,092 bitcoin, worth $ 3.7 million, soared to $ 43 million.n
According to court documents, Judge Simon Thorley’s ruling upheld Quoine’s claim that prior B2C2 behavior was deliberately using the platform to make a profit, and the terms of the Quoine agreement gave the exchange the right to withdraw such deals.n
CoinDesk reported that B2C2 managed to capitalize on the “technical bug” that Quoine had seen in April, replacing 3,092 bitcoins with 309 tokines for a profit of 3.7 million U.S. dollars. According to CoinDesk’s price index, bitcoin was $ 1,226 at that time, about 25 times more expensive than ether.n
Quoine quickly withdrew the transaction without notifying B2C2 on the grounds that the company’s actions violated the market’s fairness rules, causing B2C2 to file a lawsuit in an attempt to recover 3092 bitcoins.n
According to court documents, Judge Thorley concluded:n
n”The plaintiffs were well aware that the price was completely inconsistent with all other prices it tried to trade on that very day (all prices were more than 250 times lower).”n
nBoth B2C2 and Quoine have not yet responded to the verdict.n

PlexCoin founders jailed

nBankruptcy Commentary: On Friday, the Canadian court, contempt of court, imposed a two-month prison sentence and a $ 100,000 fine on PlexCoin founder Dominic Lacroix. Because of the flippancy and inaccurate information on its corporate website, and did not cease its cryptocurrency sales activities as the court requires.n
nTranslation: Annie_Xun
The U.S. and Canadian governments seem determined to model a recent ICO.n
Radio Canada reported Friday that the Canadian court fined Dominique Lacroix with two months in prison and a $ 100,000 fine on contempt of court. FinanceFeeds reported the day before the SEC, the Securities and Exchange Commission, wanted an extension of the restraining order on PlexCoin and its organizers, the freezing of assets and the destruction of documents.n
PlexCoin promises the platform will provide the same bitcoin-like service, but faster. The site says, “From the very beginning of PlexCoin, it meant tremendous success.”n
Québec’s financial regulator AMF (Autorité des marchés financiers) ordered PlexCoin and its parent, DL Innov, to cancel the sale. However, the company did not do so, so AMF applied for and obtained a court order. Last week’s order from the Quebec High Court aimed at providing products in violation of court orders.n
n
“We do not care”n
Judge Marc Lesage used the “recklessness” in AMF’s documents to explain the fines and imprisonment.n
Radio Canada reports that in a letter to employees Lacroix said, “We do not care about AMF.”n
The U.S. court’s ban on PlexCoin and DL Innov ends on December 12, but the SEC hopes to postpone the hearing through the New York District Court for the Eastern District.n
According to FinanceFeeds reports, the SEC said the company reportedly raised $ 15 million, of which $ 810,000 was also deposited with payment processors Stripe. In addition, the unknown amount remains in the company-controlled cryptocurrency wallet.n

The South Korean court has declared that it is not lawful to confiscate the currency


nnnThe South Korean police seized 216 bits of special currency suspected of involvement in illegal digital money activities, but then the South Korean court ruled that the comparison of the special seizure is not lawful. The country’s judiciary believes that Bitcoin should not be a confiscated commodity, which establishes a groundbreaking precedent, creating a new fashion for many other countries and providing a precedent that can be followed. And the volatility of the bitcoin price becomes the most likely interpretation of the court’s move, and it may mean that the court will set certain rules on the digital currency.n
nnTranslation: Clovern
nAfter the South Korean police seized suspected of involvement in illegal digital money activities individual 216 per second currency, and then, the South Korean court to determine the seizure action is not legal.n
nThe South Korean Suwon District Court ruled that Bitcoin and related digital currencies should not be confiscated, creating a groundbreaking precedent for granting the legal status of the detainees.n
nn
nCommunicate information to regulatory authoritiesn
nWhile South Korea is one of the more progressive countries in terms of Bitcoin and its legalization and regulation, the move by the courts of the country has brought shocks to the country and the global regulators.n
nAt present, there is a striking contrast to the attitude of digital money, and China has recently carried out raid supervision in this area, so that we see the socialist countries on this innovative technology to take a tough stance.n
nHowever, the South Korean judiciary has established a precedent that suggests that Bitcoin should not be a confiscated commodity, which creates a new trend for many other countries to make it possible.n
nn
n”Can not afford the objective value of the standard”n
nAccording to local media Kyunghyang Shinmun, the volatility of Bitcoin prices seems to be the only merit of treating bitmaps as an offense on this issue because:n
nn”The reason why the practice of confiscating Bitcoin is not appropriate is that they can not afford the objective standard value.”n
nnIn addition, according to the court, it also shows that Bitcoin as a digital currency, does not have any physical representation, so in essence, nothing can be confiscated.n
nThis also seems to indicate that the court considers that the bitcoin is of value, but its value has been changing, which may mean that they will set certain rules about the digital currency.n
nn
nBitcoin deals with porn sitesn
nThe cause of the case involved an individual who was accused of running a pornographic website. The site has a lot of members, but its operators have never reported possible (and may not) directly royal fees charged in Bitcoels – or will later be converted into digital currency.n

The South Korean court has declared that it is not lawful to confiscate the currency


nnnThe South Korean police seized 216 bits of special currency suspected of involvement in illegal digital money activities, but then the South Korean court ruled that the comparison of the special seizure is not lawful. The country’s judiciary believes that Bitcoin should not be a confiscated commodity, which establishes a groundbreaking precedent, creating a new fashion for many other countries and providing a precedent that can be followed. And the volatility of the bitcoin price becomes the most likely interpretation of the court’s move, and it may mean that the court will set certain rules on the digital currency.n
nnTranslation: Clovern
nAfter the South Korean police seized suspected of involvement in illegal digital money activities individual 216 per second currency, and then, the South Korean court to determine the seizure action is not legal.n
nThe South Korean Suwon District Court ruled that Bitcoin and related digital currencies should not be confiscated, creating a groundbreaking precedent for granting the legal status of the detainees.n
nn
nCommunicate information to regulatory authoritiesn
nWhile South Korea is one of the more progressive countries in terms of Bitcoin and its legalization and regulation, the move by the courts of the country has brought shocks to the country and the global regulators.n
nAt present, there is a striking contrast to the attitude of digital money, and China has recently carried out raid supervision in this area, so that we see the socialist countries on this innovative technology to take a tough stance.n
nHowever, the South Korean judiciary has established a precedent that suggests that Bitcoin should not be a confiscated commodity, which creates a new trend for many other countries to make it possible.n
nn
n”Can not afford the objective value of the standard”n
nAccording to local media Kyunghyang Shinmun, the volatility of Bitcoin prices seems to be the only merit of treating bitmaps as an offense on this issue because:n
nn”The reason why the practice of confiscating Bitcoin is not appropriate is that they can not afford the objective standard value.”n
nnIn addition, according to the court, it also shows that Bitcoin as a digital currency, does not have any physical representation, so in essence, nothing can be confiscated.n
nThis also seems to indicate that the court considers that the bitcoin is of value, but its value has been changing, which may mean that they will set certain rules about the digital currency.n
nn
nBitcoin deals with porn sitesn
nThe cause of the case involved an individual who was accused of running a pornographic website. The site has a lot of members, but its operators have never reported possible (and may not) directly royal fees charged in Bitcoels – or will later be converted into digital currency.n