Russian Crypto Criminal Admits Money Laundering and Fraud

According to Russian media, the alleged BTC-e mastermind Alexander Vinnik has confessed to charges of fraud and money laundering on May 24, 2018. Reports reveal a signed document details that Vinnik admits to committing financial fraud between 2011-2017 through the now-defunct BTC-e cryptocurrency exchange.

SEC Creates Fake ICO Website to Educate Investors

The US Securities and Exchange Commission (SEC) has launched a spoof Initial Coin Offering (ICO) website dubbed HoweyCoins in a bid to educate and warn investors of the dangers posed by the ICO Wild West.

Russian Digital Law Bill Will Not Legalize Cryptocurrencies

A draft bill aimed at protecting the rights of cryptocurrency owners while also regulating them in line with Russian laws was introduced to parliament in March with the biggest expectation being the legalization of cryptocurrency payments. However, as local media outlets report, the expectation of making digital currencies legal may.