Japanese Coinhive 'Distributers' May Face Prosecution

The polices believe that the suspects in the case violated the law, which prohibits the use of computer viruses
13 June 2018   1616

The Japanese police are investigating the case about the distribution of Coinhive - a program for the hidden mining of the Monero cryptocurrency. This is reported by Mainichi.

The police believes that the suspects in the case violated the law, which prohibits the use of computer viruses. According to the sources, the alleged criminals created websites that installed the Coinhive mining program on victims' computers without their consent and "without making clear notifications about the mining."

To date, the police are investigating three persons, including a web designer. One of them was already sentenced by the disciplinary court of Yokohama to a fine of 100,000 yen (about $ 904) for the illegal computer virus distribution. According to Mainichi, the defendant stated that this program was not a virus, but a method of monetizing traffic, such as online advertising. The case will be referred to the Yokohama District Court.

Police representatives say that defendants can wait for criminal prosecution, because the installation and operation of Coinhive were carried out without the consent of users. It is reported that this is the first criminal case in Japan, related to the hidden cryptocurrency mining.

The Coinhive program was created in 2017 and has become one of the most common online tools for hidden mining of Monero. There are cases when it was used through YouTube, as well as through government and university sites.

BitBay ot Delist Monero

Exchange has to comply with “market standards” and the fight against money laundering
26 November 2019   275

BitBay cryptocurrency exchange announced the termination of support for the Monero cryptocurrency. The platform explained the decision by the need to comply with “market standards” and the fight against money laundering.

Acceptance of deposits at the XMR exchange will stop on November 29, trading will be stopped on February 19, 2020. In addition, due to the Monero network hard fork planned for November 30, the withdrawal of XMR will not be possible from November 29 to December 5.

Users are asked to finally withdraw funds by May 20 of next year.

Monero (XMR) can selectively utilize anonymity features among projects. This feature of XMR is a subject to end of transaction support. The decision was made to block the possibility of money laundering and inflow from external networks. Monero (and other cryptocurrencies with this specification) has been already delisted on other fiat-crypto exchanges for the same reason. As a licenced exchange, BitBay has to follow the market standards.
 

BitBay

 As you can see, BitBay named Monero's anonymity as the reason for delisting.