Unete: Bitcoin Scam in Spain Rakes in 50M EUR
A bitcoin scam in Spain has managed to convince 22,000 investors to fork over a total of 50 million EUR to the unete, a digital currency that can allow people to buy or sell things online. This bitcoin scam was started by José Manuel Ramírez Marco in 2013 and, just like virtual currencies, it was unregulated by financial authorities or the Spanish government. However, many investors soon discovered that the unetes can't really be converted to any other fiat currency nor can it be used to make online purchases. A network of tax havens and complex bank accounts were given as the reason, but....
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Spanish national police have arrested 20 people involved in massive Ponzi scheme, Unetenet. The investment company has reportedly swindled 50,000 investors out of €50 million, according to major national news outlet El Pais. Unetenet, an alleged alternative investment firm, promised affiliates annual ROIs of over 350% paid in the company's homemade virtual currency, 'unete.' "I have 8,000 unetes that I cannot convert to euros," Carmen Ramírez, a pensioner from Córdoba and a victim of the scheme, told the news service. "José Manuel told us he was setting up a unete bank, and we believed....
A group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain. Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims that an individual named Javier Biosca Rodríguez allegedly scammed over 250 million euros ($298 million) in cryptocurrencies from the investors. The profile of the victims is mixed, starting from domestic employees, retirees, unemployed,....
Spain has not been a stranger to the popularity of cryptocurrencies, and with this popularity, also comes the attention of people and organizations wanting to capitalize on the subject. Spanish tribunals have been flooded lately with lawsuits involving cryptocurrency scams related to bitcoin and ethereum based platforms, and the people using these to scam other users for millions of euros. Cryptocurrency-Related Scams Flood Tribunals in Spain Tribunals from Spain are now being flooded with cryptocurrency scam-related cases, that are affecting thousands of citizens, according to local....
The government of Spain has announced it will issue a series of grants and aid for metaverse-related developments. The individuals and companies interested in receiving these grants will have to be based in the European Union or Spain and present a plan, and meet a series of requirements, to be considered. The first batch of grants will be dedicated to the gaming and entertainment sector.
Spain Acknowledges Relevance of the Metaverse
Countries from all over the world are now considering the metaverse and its related technologies as important developmental pillars for the future.....
Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold the cryptocurrencies it confiscated in February and transferred 6.4 million euros to the state budget. The tax authority explained that this is the....