court

A lack of precedent leads Swedish court to return 33 BTC after law enforcement seizure

A lack of precedent leads Swedish court to return 33 BTC after law enforcement seizure

A Swedish court has mandated that the country’s government owes an alleged drug dealer more than $1.3 million in bitcoin due to the way in which law enforcement sold some of their seized crypto. Swedish Law Enforcement seized the man’s holdings of 36 BTC in connection with the offenses during proceedings, and a court valued …

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Chinese court begins trial of prominent crypto OTC trader Zhao Dong

Chinese court begins trial of prominent crypto OTC trader Zhao Dong

The Xihu District Court in the Chinese city of Hangzhou has started the trial of a criminal case against well-known crypto over-the-counter (OTC) trader Zhao Dong and several others. According to the live stream page of the trial on Wednesday, Zhao was charged with a crime called “assisting internet criminal activities.” Under China’s codified laws, …

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IRS wins court approval to serve Kraken with a request for customer information

IRS wins court approval to serve Kraken with a request for customer information

After a denial last month, a federal court in the Northern District of California has authorized the Internal Revenue Service (IRS) to serve an information request to Kraken. The IRS will serve the crypto exchange with a John Doe summons, which requests user information to identify crypto holding taxpayers. The Department of Justice announced the …

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