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Tag Archives: Court

US Federal Court Denies Motion to Remand Against Ripple

The U.S. District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, according to an official document issued Aug. 10. The original lawsuit was first initiated by XRP investor Ryan Coffey in a San Francisco court on May 3, 2018, claiming that he lost $551.89 ...

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Dubai Looks to Disrupt its Entire Legal System with ‘Court of the Blockchain’

The Dubai court system tasked to oversee all civil and commercial disputes involving financial transactions both domestically and internationally is turning to blockchain technology to “create the world’s first disruptive court”. The Dubai International Financial Center (DIFC) Courts has announced its plan “to create the world’s first Court of the Blockchain” in a partnership with the government’s Smart Dubai initiative ...

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Reserve Bank of India Urges Supreme Court to Regulate Crypto

India’s central bank, the Reserve Bank of India (RBI), has urged the country’s Supreme Court to regulate cryptocurrencies, local news outlet the Financial Express reports July 21. In April of this year, the RBI announced it will stop providing services to businesses or persons dealing with cryptocurrencies, citing high risks. The RBI’s senior advocate Shyam Divan told a bench led ...

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India’s Supreme Court Sets September Date for Final Cryptocurrency Petition Hearing

India’s Supreme Court has upheld the central bank’s directive of prohibiting banks from offering services to the domestic cryptocurrency sector following a hearing today. On Friday, India’s Supreme Court held its latest hearing of the case against the Reserve Bank of India’s (RBI) circular forbidding all regulated financial institutions, including banks, to provide services to business in the cryptocurrency sector. ...

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Chilean Court Orders State-Owned Bank to Re-Open Bitcoin Exchange Orionx’s Account

The Fourth Chamber of the Court of Appeals of Santiago has recently ruled that state-owned Banco Estado has to re-open the account of bitcoin exchange Orionx, after it seemingly illegally shut it down. As CCN covered, earlier this year Chilean banks Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco Estado shut down the accounts of the country’s largest cryptocurrency ...

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Chile Court of Appeals Orders Bank to Resume Business With Crypto Exchange Orionx

Chilean Court of Appeals has ruled in favor of crypto exchange Orionx, resolving that the state-owned bank Banco Estado should reopen the company’s deposit account, local news outlet La Tercera reported July 12. The Fourth Chamber of the Court of Appeals of Santiago has accepted the appeal filed by Orionx crypto exchange against Banco Estado, which closed the company’s deposit ...

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Greek Court Rules to Extradite Alexander Vinnik, Accused of Laundering $4 Bln in Bitcoin

A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e, Alexander Vinnik, to France, local news outlet CNN Greece reported Friday, July 13. The 39-year old Russian national Vinnik, also known colloquially as “Mr. Bitcoin,” was indicted by U.S. authorities on charges of fraud and money laundering last year, reportedly involving up to $4 billion ...

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Greek Court Agrees to Extradite Alleged Bitcoin Fraudster BTC-e Admin to France

Alexander Vinnik, a one-time admin of bitcoin platform BTC-e who was arrested in Greece last year on an international warrant for cybercrime, has been ordered by a Greek court to be extradited to France. The United States and Russia have also sought extraditions of Vinnik. Vinnik’s lawyer, Ilias Spyrliadis, said Vinnik is appealing the court’s decision, according to the Associated Press ...

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