Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $ …
Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers
Crypto firms that operate in Cyprus without registration may soon be fined as much as $ 350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align the country’s laws with the …
Report: Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme
A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s three-and-a-half-year sentence to a fine of just over $ 31,000. Both Steynberg’s lawyers and the …