UK Court Overturns Ruling on $1 Billion Venezuelan Gold at Bank of England
The UK Court of Appeal has overturned an earlier court ruling which denied Nicolas Maduro access to Venezuela’s gold worth about $1 billion kept at the Bank of England. The court did not recognize Maduro as the legitimate leader of Venezuela. Court Rules in Favor of Central Bank of Venezuela Over $1 Billion Gold The English Court of Appeal reportedly overturned an earlier High Court ruling Monday concerning Venezuela’s gold worth about $1 billion kept at the Bank of England. The Bank of England had denied Nicolas Maduro’s access to Venezuela’s gold kept at the bank....
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Her Majesty’s High Court of Justice in England has determined that the Venezuelan gold stored in the vaults of the Bank of England must be managed by officials of the Central bank of Venezuela designated by opposition leader Juan Guaido. The management of this gold stash, which is comprised of 31 tonnes of this precious metal, is in dispute since 2019 when Guaido asked the Bank of England to freeze these assets in order to avoid a possible sale.
London High Court Rules in Favor of Opposition Leader Juan Guaido
The saga of the Venezuelan Gold stored in the vaults of the....
Both Bank of England and Europol are seeking interns with knowledge of Bitcoin and the blockchain. The announcements, which indicate an increasing awareness of the technologies among European government institutions, follow last month's ruling by the European Court of Justice that Bitcoin transactions are exempt from VAT. Bank of England will select their interns through an open competition in which university students are invited to submit proposals for new uses of the blockchain. Applicants are invited to work in groups of up to six people to identify new kinds of businesses or products....
A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened. CBN’s Bank Account Freeze Order Dismissed In a ruling that overturns the Central Bank of Nigeria (CBN)’s August 17 decision to freeze the bank accounts, Judge Taiwo Taiwo is quoted by The Nation insisting that the central bank could not simply rely on a mere circular when deciding to close an account. In addition, the news outlet quotes the judge explaining in his ruling that the CBN’s....
A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing maintenance services. The court ordered Sunacrip, the national crypto watchdog, to retrieve these miners from their owners.
Venezuelan Court Decides On Crypto Seizure Case
A Venezuelan court located in the capital of the country has decided to roll back a seizure measure that the national....
Interest in bitcoin and blockchain technology by business and governments around the world increased in the past months. However, many governments have yet to take an official stance on digital currencies while some have placed restrictions or regulations on the use of Bitcoin. Russia was one of these countries, as it blocked access to websites with information about Bitcoin. The ban was implemented by the City Court Nevyansk on the basis that these sites contained information which was prohibited in the Russian Federation. The ban began on January 13th 2015 and included access to the....