Bitcoin

El Salvador Shifts Focus to Wealthy Investors with New Bitcoin Law Amidst Power Consolidation

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San Salvador, El Salvador — In a significant policy shift three years after adopting Bitcoin as legal tender, El Salvador has introduced a new law targeting high-net-worth and institutional investors. The recent developments reflect an effort to reshape the cryptocurrency landscape in the country, allowing only a select group of investors to access digital asset services. The Legislative Assembly’s newly enacted Investment Banking Law enables licensed financial institutions with a minimum capital of $50 million to offer services related to Bitcoin and other digital assets. However, entry into this market will be limited strictly to … Read more

U.S. Court Dismisses Charges Against Alleged Bitcoin Launderer Vinnik, Lawyer Announces Fresh Start for Client

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Washington, D.C. – In a significant development in the legal arena, attorneys for Alexander Vinnik announced that the U.S. government has dropped all charges against him, effectively clearing him of the accusations tied to his involvement in cryptocurrency crimes. This decision marks a pivotal turn in Vinnik’s multi-year legal battle, which has spanned various countries and legal systems. Alexander Vinnik, originally accused by U.S. authorities of operating BTC-e, an international bitcoin exchange allegedly used to launder billions of dollars, has been at the center of an intense legal struggle since his arrest in Greece in … Read more

Inmate Orchestrates Elaborate Bitcoin ATM Scam from Behind Bars, Duping Florida Woman Out of $12,000

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Sarasota, Fla. — A Florida woman found herself out over $12,000 after falling victim to a sophisticated scam involving a fake sheriff’s deputy and a bitcoin ATM, federal authorities reported. The deceptive call, made to a Sarasota resident by an individual claiming to be a deputy, alleged that she had an outstanding warrant due to missed jury duty, pushing her to settle the matter through cryptocurrency. The orchestrators of this scam were revealed to be Anthony Sanders, a 28-year-old inmate from Georgia, and his accomplice, Marlita Andrews, also 28. According to federal prosecutors, Sanders conducted … Read more

Colorado Resident Scammed Out of $6,000 in Bitcoin by Fake Arrest Threats; Sheriff Intervenes Just in Time

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Keystone, Colo. – Officials in Colorado are alerting the public about an ongoing scam after a recent victim in Keystone was coerced into sending thousands of dollars in Bitcoin under the threat of arrest. The Summit County Sheriff’s Office reported that scammers, posing as law enforcement officers, contacted the victim and demanded payment to avoid supposed legal troubles. Scammers tricked the individual into transferring over $6,000 in Bitcoin and were on the verge of obtaining an additional $4,000 when deputies intervened and prevented the second transaction. During the scam, the victim was also manipulated into … Read more