Estonia’s Supreme Court Decision Criticized as Anti-Bitcoin
BTC.ee owner Otto de Voogd has hit back at Estonian Supreme Court legislation calling it “heavy-handed” compared to normal fiat currency regulations. De Voogd, whose exchange was shut down by law enforcement in 2014, was facing legal action over AML practices while BTC.ee was still active. In a decision Monday, The Administrative Law Chamber of the....
Related News
Estonian Supreme Court has ordered bitcoin trading to be regulated in the region, failing Otto de Voogd's fight to create a better bitcoin ecosystem in the region. Trading has been one of the major applications of bitcoin. The price volatility of cryptocurrencies has been exploited by day-traders across the world. As the amount of funds circulating through bitcoin trading increase, the practice is now being scrutinized by governments. In this regard, Estonia has now joined the ranks of countries that are regulating bitcoin trading. The Estonian Supreme Court has recently ordered bitcoin....
Estonia’s Supreme Court began a public hearing on the case of Dutchman Otto de Voogd, a Bitcoin entrepreneur, who is facing fines upward of €32,000 and jail time for not disclosing information about his Bitcoin associated clients. In a case that began 2 years ago, Voogd was repeatedly questioned for data in regards to his business by Estonian officials and was forced to shut his cryptocurrency trading site BTC.ee down from doing business. Voogd has lodged a complaint with the Estonian Supreme Court and has crowdsourced his trial so that a precedent on Bitcoin related businesses can be....
Britain’s Supreme Court has ruled against Prime Minister Theresa May stating that she does not have sufficient authority to enact Brexit alone, upholding a High Court decision that ruled it unconstitutional for Ms May to formally trigger Article 50 without first consulting MPs. According to Attorney General Jeremy Wright, who gave a statement after the Supreme Court Brexit ruling, he said that the Government was ‘disappointed’ by the decision to hand over power to Parliament in what many consider an historic battle, by a majority of eight to three. However, in a report from the....
A US Supreme Court case has caught the interest of the crypto community, especially the XRP community, as it could significantly impact Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC). The US Supreme Court is set to decide on whether or not to overrule the Chevron Deference Doctrine in the ongoing […]
BTC.ee owner alleges threats by Estonian police and moves business out of the country as Supreme Court of the country on Monday ruled against Bitcoin in a landmark case. BTC.ee recently announced closure over threats by the Estonian police. The website had an ominous notice posted on it about the closure stating, “Apparently the Estonian police can re-interpret the law, keep their interpretation secret, and apply it retroactively and arbitrarily. Unfortunately the courts in Estonia do not appear to see a problem with that.” Supreme Court rejected the claim by de Voogd that his activity....