Bitcoin Can Be Confiscated From Suspects: Hungarian Justice Ministry Proposal
The new Hungarian criminal process law will make it possible to confiscate Bitcoins and other virtual currencies from suspects even in the early stages of the criminal process. Experts say the new rule proposal, which was made available for reading in February is in accordance with the international AML (anti-money laundering) regulations, even in the field of cryptocurrencies. Mass surveillance. According to experts, the passing of the bill will fundamentally change the face of the criminal process and will make mass surveillance legal in Hungary. The authorities will be able to use....
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The Ministry of Justice in Russia has, once again, not agreed to a draft bill put forth by the Finance Ministry seeking to ban bitcoin and introduce criminal liabilities to those who adopt, transact or mine the cryptocurrency. The Russian Ministry of Justice has disagreed with the bitcoin bill prepared by the Ministry of Justice, despite the bill being the second version of the draft, due to be entered into the State Duma – the lower chamber of the Russian Parliament. The first draft saw the Ministry of Justice disagreeing with some of the wording of the bill, specifically the lack of a....
The Ministry of Justice and the Interior Ministry in Russia have – according to reports – questioned the “public danger” that Bitcoin supposedly brings, as proposed by the Russian Ministry of Finance. Unsubstantiated reports from Russian news outlets quoting prominent Russian news agency Interfax have revealed voices in the Ministry of Justice and the Interior Ministry to question and even oppose the Russian Finance Ministry’s proposal for a bitcoin banning bill. A source from “the financial and economic block” of the government has reportedly told Interfax that the Ministry of Justice....
The Ministry of Justice and the Interior Ministry in Russia have – according to reports – questioned the “public danger” that Bitcoin supposedly brings, as proposed by the Russian Ministry of Finance. Unsubstantiated reports from Russian news outlets quoting prominent Russian news agency Interfax have revealed voices in the Ministry of Justice and the Interior Ministry to question and even oppose the Russian Finance Ministry’s proposal for a bitcoin banning bill. A source from “the financial and economic block” of the government has reportedly told Interfax that the Ministry of Justice....
Russian authorities have gone back on their idea to penalize whoever is caught in bitcoin operations in the country, says a report by Russian news agency Interfax. Though Interfax referenced unnamed sources close to the Russian government’s financial departments, it suggested that representatives from the country’s Ministry of Finance, central bank, and other government bureaus are increasingly supportive of this action. The Finance Ministry had planned to submit legislation in May that would punish those who use digital currencies with fines as high as $38,000 and jail sentences of up to....
Today, the U.S. Department of Justice brought charges on three suspects for their alleged involvement in an inside trading scheme, one of the suspects was a former Coinbase employee. The case seems poised to have major implications for the crypto industry. Related Reading | New Reason For The Market Crash Revealed: Tesla Sold 75% Of Its […]