Estonian Supreme Court Holds Landmark Public Hearing on Bitcoin Case
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....
Related News
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....
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....
The Estonian Supreme Court has asked the country's central bank, two of its civil ministries and its top financial regulator to answers questions related to bitcoin as it considers a case on the legality of the digital currency. The questions focus on the application of anti-money laundering (AML) statutes to bitcoin activities, as well as the broader nature of the financial technology, according to a translation of the court's 19th November decision. Eesti Pank, the Interior and Finance Ministries, and the Estonian Financial Supervision Authority must respond to the court's request by....
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 […]
The Estonian Supreme Court has ruled in favor of restrictions on bitcoin trading activity in the wake of a lawsuit filed by a digital currency broker. The ruling, which came in the wake of a long-running lawsuit that began as a inquiry into the legality of bitcoin, means that traders face new barriers for dealing in digital currencies in the European state. The suit traces back to 2014, when bitcoin brokerage operator Otto de Voogd was first contacted by Estonian police in connection with the operation of BTC.ee. De Voogd later suspended the service, citing threats of fines and jail time....