NIFA: cryptoexchanges are outside the legal field

National Internet Finance Association of China released new statement regarding cryptoexchanges
14 September 2017   1695

National Internet Finance Association of China said that the cryptocurrencies are a speculative investment tool, which is also used for illegal financing and money laundering. This is reported by the Coindesk.

The statement of the self-regulatory organization also says that the platforms for trading crypto-currencies are outside the legal field:

Any trading platform for any kind of so-called 'coin' has no legal base of foundation in China.

NIFA statement

Despite this statement, the recent ban on ICO, as well as the spread rumors about the closure of exchanges, China still operates such large crypto-exchange sites as Huobi, BTCC and OKCoin.

At the same time, the platform for over-the-counter trading in crypto-currencies BitKan reported that it plans to suspend operations.

Vinnik Extradtion to France to be Supported by SCoG

Alexander is holding the hunger strike for 24 days and lost around 9 kilos
19 December 2018   22

Following the trial court of the city of Thessaloniki, the Greek Areopagus decided to extradite Alexander Vinnik, suspected of laundering $ 4 billion through the BTC-e cryptocurrency exchange, to France. Thus, the appeal of Russian lawyers was rejected, reports TASS referring to the chairman of the court Angelique Aliferopoul.

After the announcement of the verdict, Alexander Vinnik declared that he would continue the hunger strike against the arbitrary rule of the Greek authorities, which began in mid-November.

I have been starving for 24 days. Yesterday I was weighed; according to the documents, I lost 8 kg. But they did not immediately begin to weigh me, only on the third day. So I lost 9 kg. If I'll be extradited to Moscow, I will stop starving.

Alexander Vinnik


Alexander Vinnik was detained in Greece at the request of the American authorities on July 25, 2017. In June 2018, Vinnik was arrested in absentia in Russia on charges of cyber fraud on a large scale.

At the moment, there have been several court decisions on the extradition of Vinnik - at the request of the United States, at the request of France and two decisions at the request of Russia. The final decision on the case will take the Minister of Justice of Greece.