Vinnik is accused of fraud in Russia

Alexander Vinnik, that is being connected with BTC-e, is accused of fraud in Russia
28 September 2017   2146

Greek authorities will consider Russian inquiery about Alexander Vinnik deportation. In Russia, Vinnik is being investigated a criminal case on fraud in a large amount. This is reported by TASS. 

The crime case is in the production of an investigator of the Interior Ministry department for the Ostankino district, Moscow.

The investigation found that Vinnik A. V., acting by deception, via the Internet, under the pretext of the delivery of equipment, stole funds of the organization for more than 600,000 rubles.
 

Russian prosecutor's office

On August 10, a decision was made to bring him as an accused, he was put on the wanted list. Ostankino Court of Moscow on August 11 in absentia elected him a preventive measure in the form of detention.

The question of the degree of punishment for the crime committed by Vinnik A. V. on Russian territory is exclusively related to the jurisdiction of the court in determining his guilt as a result of the trial.
 

Russian prosecutor's office

At the press time, Vinnik is under an arrest in Thessaloniki. On 29th of September Thessaloniki court to hold first meeting on extradition of Russian citizen Alexander Vinnik to the US.

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   93

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.