Human

United

In a landmark decision, the Tallinn District Court has denied the <a href="https://ultramining.com/news/en/pennsylvania-a-new-hub-for-cryptomining-ignites-environmental-concerns/" rel="noopener noreferrer nofollow">United States</a>' request to extradite Ivan Turogin and Sergey Potapenko, founders of the HashFlare cryptocurrency mining service. This ruling emerges amid allegations of massive fraud and money laundering involving an estimated $575 million. The court highlighted procedural irregularities and inadequate consideration of detention conditions in the <a href="https://ultramining.com/news/en/senator-lummis-pushes-for-crypto-regulation-amid-sec-lawsuits/" rel="noopener noreferrer nofollow">U.S.</a>, aligning its judgment with precedents set by the European Court of Justice and the European Court of Human Rights, according to <a href="https://bits.media/bloomberg-ftx-poluchila-razreshenie-na-prodazhu-aktivov-grayscale/" rel="noopener noreferrer nofollow">Bits.media</a>.
This decision marks a significant moment in Estonia's legal history, representing one of the largest fraud cases the country has ever seen. The <a href="https://ultramining.com/news/en/senator-lummis-pushes-for-crypto-regulation-amid-sec-lawsuits/" rel="noopener noreferrer nofollow">U.S.</a> Department of Justice accuses Turogin and Potapenko of orchestrating a cryptocurrency scheme from 2015 to 2019, luring investors into a sham banking investment. The founders, facing 18 counts of fraud and money laundering in the U.S., could have faced up to 20 years in prison for each count.
The case's development coincides with Estonia's tightened grip on cryptocurrency regulations, leading to an 80% reduction in registered crypto asset companies. This outcome reflects the complex intersection of international law, burgeoning digital currencies, and the evolving landscape of financial regulation. The refusal to extradite sets a precedent in the global conversation about jurisdiction and regulation in the rapidly evolving world of cryptocurrency.&nbsp;

Estonian Court Blocks Extradition of Crypto Mining Service Founders HashFlare

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Ďalšie články zverejnené 30. 11. 2023

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