Authorities in Australia have brought down an unlicensed digital currency operation, which has allegedly processed over US$3.2 million.
Bitstamp and Gatehub face a lawsuit from a Canadian investor after their actions caused him to lose almost $5 million.
Concerns over the digital currency exchange’s internal operations force courts to take action to prevent assets from disappearing.
The National Internet Finance Association cautions investors against using digital currency exchanges outside the country.
Brazilian digital currency exchange XDEX is calling it quits, just 17 months after its launch. The exchange blamed restrictive regulations for its demise.
Digital Asset exchanges who have applied for licenses will be allowed to continue operating legally until at least the end of July.
Ernst & Young has announced that it will turn over massive amounts of data, including personal information, to the Canada Revenue Agency.
The financial regulator takes down its warning that the US-based exchange was operating illegally in the country .