TagRomania

Cryptocurrencies Will Never Replace Us, Cries Romanian Central Bank Official

Cryptocurrency, bitcoin, Central banks, cryptocurrencies

By CCN.com: Central bankers occasionally lose their guard and reveal that they are constantly worrying they will be rendered irrelevant by cryptocurrencies. The latest proof comes from the National Bank of Romania courtesy of the central bank’s administration council member, Daniel Daianu. According to the Business Review, the central bank official views cryptocurrencies as financial assets and...

Romania Bitcoin Exchange CoinFlux Halts Activities after CEO's Arrest

romania bitcoin exchange conflux vlad nistor arrest

CCN recently reported on the case of CoinFlux CEO Vlad Nistor. The Romanian bitcoin exchange executive has been arrested on suspicion of money laundering and other crimes and is currently fighting extradition to the United States. Earlier this week, CoinFlux posted to Medium.com to inform followers that they are unable to access parts of their platform including those which would allow them to...

Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report

bitcoin cryptocurrency crime fraud jail

According to a Cluj, Romania-based newspaper, the case of bitcoin exchange executive Vlad Nistor is much deeper than the simple illegal operation of a cryptocurrency firm. Their most recent report on the case speaks to some much more serious allegations as to the behavior of Vlad Nistor. More Details Emerge in Bitcoin Exchange CoinFlux CEO's Arrest The paper reports that Nistor was part of a...

Romania: Bitcoin Exchange CEO Vlad Nistor Arrested for Money Laundering, May Face US Extradition

bitcoin exchange crime money laundering

According to a local Romanian news outlet Ziar de Cluj and others, Vlad Nistor -- the CEO of Romania-based Bitcoin exchange CoinFlux -- has been detained on behalf of the US government and is awaiting extradition. He was arrested in the city of Cluj-Napoca on Tuesday, according to another outlet. The crypto exchange has not disclosed the arrest on its blog or social media pages, and as recently...

Romania Targets Cryptocurrencies With New Electronic Money Law

Romania has become the latest country to institute a regulatory process expressly targeted at cryptocurrencies and digital currencies. A draft of an Emergency Ordinance published by the Romanian Ministry of Finance sets out the conditions and requirements that must be met by an issuer of electronic money in the Eastern European country. According to the draft bill, the issuer must have a minimum...

Bitcoin Is Volatile & Unsuitable for Payments, Says Romania's Central Bank

Romania’s central bank has reportedly reiterated its stance of warning users about volatility associated with digital currencies like bitcoin. The Banca Naţională a României (BNR), the central bank of Romania, first warned the public about risks in using digital currencies in 2015. In an official notice [PDF] at the time, the central bank said that Bitcoin was neither a national nor a foreign...

Bitcoin Exchange Closes After Lead Programmer Holds Servers Hostage

After one year of operation, the Romanian bitcoin exchange known as BTCXChange formerly closed its doors to the public after accusing their lead programmer of holding their servers hostage. It began on December 16, 2014. The bitcoin exchange hadn’t updated their news section of the website for a few months, but out of the blue they issued a major warning. “Due to security reasons, we ask all...

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