Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto September 22, 2019

An IT company in Armenia has been accused of illegally accessing electricity and using it to mine cryptocurrencies. $150,000 in power On Sept. 21, in an announcement from the Armenian National Security Service, the organization accused an IT company of illegally mining cryptocurrencies from inside a hydropower plant. The state agency reported that the IT […]

SEC Charges Token Sale Platform For Illegal $14M Securities Offering September 19, 2019

The United States Securities and Exchange Commission (SEC) has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal securities offering and for acting as unregistered brokers. SEC says ICOBox’s digital tokens are worthless In a press release on Sept. 18, the SEC claimed that ICOBox and Evdokimov sold the firm’s ICO tokens to […]

China Now Has a Way for the Public to Report Illegal Token Sales August 28, 2018

A Chinese self-regulatory association is working to assist government agencies in cracking down on illegal initial coin offerings (ICOs). The China National Internet Finance Association (NIFA), a self-regulatory organization founded by the People’s Bank of China (PBoC), has added a “token sales” category to its platform that allows the public to report on potentially illegal financial […]

Chinese Region to Shut Down 'Illegal' Bitcoin Miners By September July 23, 2018

China’s Xinjiang Uyghur autonomous region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. Rumors first emerged online over the weekend after the leak of a government notice issued by Xinjiang’s Economic and Information Commission (EIC) indicating the authority was demanding that local utility companies […]