Mt. Gox' Trustee to Ask Info On BTC-e's Vinnik

It is assumed that Alexandr Vinnik was related to the BTC-e (WEX) exchange; he is suspected in laundering $4B
02 October 2019   463

The trustee of the bankrupt Bitcoin exchange Mt.Gox Nobuaki Kobayashi turned to the US Department of Justice for information about the Russian Alexander Vinnik, who is suspected of laundering at least $ 4 billion through the BTC-e exchange. It is reported by CoinDesk.

Back in July 2017, WizSec researchers came to the conclusion that Vinnik was directly involved in the theft of funds from Mt.Gox and their further laundering.

The US Department of Justice is also convinced that of the 850 thousand bitcoins stolen in 2014 with Mt.Gox, more than 300 thousand were transferred to BTC-related wallets.

This summer, the department filed a lawsuit against Alexander Vinnik, whose extradition Washington is seeking from Greece, and the MTC demanding to reimburse $ 100 million for violating the provisions of the Bank Secrecy Law.

In addition, according to media reports, on October 1, a meeting of Mt.Gox lenders took place. According to documents published by Nobuaki Kobayashi’s office, as of the end of September, the exchange had 141.686 military-technical exchanges and 142.846 VSN.

The rehabilitation plan should be submitted by October 28th. However, the trustee noted that the deadlines could be postponed due to the large number of applications from creditors.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   315

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.