Tagged: bulgaria

OneCoin Affiliates Charged with Fraud in Singapore

Two unnamed individuals were charged with fraud April 10th for their involvement with OneCoin, a multibillion-dollar global cryptocurrency pyramid scheme of  started by a brother and sister team in Bulgaria. Business Times reports that an investigation by the Singapore Commercial Affairs Department and the Singapore Police… Read More

OneCoin: Huge Crypto Ponzi Perp Konstantin Ignatov is Arrested in LA as Feds Close In. “If It Sounds Too Good to Be True, It Probably Is”

On Friday, the Manhattan U.S. Attorney, part of the Department of Justice, issued a statement regarding ongoing Ponzi scam OneCoin stating that alleged perpetrator Konstantin Ignatov had been arrested at the Los Angeles airport. Ignatov was hit with charges of wire fraud conspiracy regarding the… Read More

UK Financial Conduct Authority Issues Consumer Warning Against Bulgarian “Next Coin Market”

The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning against a Bulgarian firm, “…claiming to be an FCA-authorised firm offering cryptocurrencies to UK consumers.” The FSA says the company is illegal and has been soliciting UK investors via email containing various… Read More

Bulgarian Tax Officials Scrutinizing Local Crypto Exchanges and Their Users for Tax Compliance

The Bulgarian National Revenue Agency (NRA) is launching a series of “control actions” to inspect nine cryptocurrency exchanges operating in the region, Novinite reports. The inspections are being conducted in order to ensure that clients and the companies themselves are complying with local tax requirements…. Read More

æternity Opens Foundations in Liechtenstein and Bulgaria to Encourage Blockchain Innovation

æternity, a blockchain 3.0 platform with a focus on efficiency, transparent governance and global scalability, has launched two foundations in Liechtenstein and Bulgaria, to provide grants and educational support to innovative blockchain projects. “Through the creation of these two foundations, æternity takes a significant step… Read More

Three Charged in Bulgaria for $5 Million Cryptocurrency Theft

Bulgarian police have arrested and charged 3 people accused of stealing $5 million in cryptocurrencies, Reuters reports. The arrests were announced Monday by officials from the Bulgarian Ministry of the Interior and local prosecutors. Police seized $3 million in cryptocurrency at the scene as well… Read More

Top Bulgarian Immigration Officials Detained for Selling EU Passports for Bitcoins

The Chief Secretary and the Head of the State Agency for Bulgarians Abroad  (SABA) along with an accused Serbian co-conspirator, have been detained by Bulgarian police and charged with selling EU passports for Bitcoins, Nova and The Times report. According to the Times, SABA Head Petar Haralampiev has been arrested on… Read More

BitLendingClub Gets Seed Investment for P2P Bitcoin Platform

BitLendingClub, a bitcoin peer to peer lending platform has reportedly received €200,000 in seed funding from LaunchHub.  BitLendingClub is a Bulgarian based p2p company that was officially launched in 2012.  The site facilitates borrowers to get loans in Bitcoins and claims the “most competitive rates and… Read More

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