Legal

Court mistake reveals Russia’s largest underground online casino works from Ukraine

Russia’s biggest illegal online casino, Azino777, operates out of Ukraine and has managed some of its money flows through a Ukrainian branch of Russia’s bank Sberbank, Russian business media outlet The Bell reported on Feb. 4, referring to decisions by a Ukrainian court. The Bell journalists found a mistake in a document of Kyiv Holosiivskyi District …

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Ukraine plans to fully legalize cryptocurrencies within three years

As reported by Bitcoin.com, the government in Kiev intends to legalize cryptocurrencies and comprehensively regulate the fintech sector as part of a new public policy developed by the economy ministry. The process may take up to three years to complete but eventually the industry built around digital assets should become a legitimate part of the …

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Three Ukrainian indicted in the USA for international cybercrime activities

Three Ukrainian cybercriminals have been indicted by the US authorities for criminal hacking, the US Justice Dpt. announced yesterday. Dmytro Fedorov, 44, Fedir Hladyr, 33, and Andrii Kolpakov, 30, are accused of being members of the notorious cybercrime group FIN7, also known as the Carbanak Group and the Navigator Group. “Since at least 2015, FIN7 …

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Ukraine’s Financial Stability Council supports regulatory concept for cryptocurrencies

The Financial Stability Council of Ukraine has supported a concept for crypto regulations, Timur Khromaev, head of the National Securities and Stock Market Commission (SSMCS) reported in a Facebook post July 20. According to Khromaev, the concept involves recognizing cryptocurrencies and tokens as financial instruments, establishes the roles and functions of governmental bodies in regulating …

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Ukrainian-American trademark registering app expands to 28 EU countries

PatentBot, a Ukrainian-founded startup offering “the first legal chatbot” to check and register a trademark via Facebook messenger, has expanded its service to 28 countries of the European Union. Founded just a year ago by Nataly Vladimirova and Valentin Pivovarov, who was previously involved in two other legaltech startups, this young US-headquartered startup claims over …

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Local and international players to discuss blockchain technology in Kyiv (March 29)

On March 29, Kyiv (Kiev) will host the fifth edition of the Blockchain & Bitcoin Conference Kyiv, which touts itself as the largest exhibition and conference in Ukraine on blockchain technology, cryptocurrencies and ICO. The event will bring together over 2,000 participants, including local and international entrepreneurs, government figures, developers of decentralized solutions, investors and …

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Two Ukrainians charged in the USA for alleged roles in giant online fraud organization

Last week the US Department of Justice announced the indictment of 36 individuals for their alleged roles in the Infraud Organization. This Internet-based cybercriminal enterprise was reportedly created by Svyatoslav Bondarenko, a Ukrainian citizen also knwn as “Obnon,” “Rector,” and “Helkern.” Another Ukrainian, Alexey Klimenko, has also been indicted, as well as people from a variety of other countries.

Ukrainian parliament prepares bill to regulate cryptocurrencies

Ukraine’s parliamentary committee on financial policy and banking has started developing a bill that would regulate cryptocurrency turnover, the committee’s head Sergei Rybalka announced on his Facebook account. The Deputy Head of Ukraine’s National Bank Oleg Churiy had recently stated that the regulator does not consider bitcoin and other cryptocurrencies a currency.

Police find illegal Bitcoin farm at Ukrainian state institute

Ukraine’s National Police have arrested several suspects who were illegally producing bitcoins at a recreation center of a Ukrainian state institute, according to newly released court documents. Police found that 200 computers had been set up in an unused swimming pool at the Paton Electric Welding Institute’s recreation center to generate bitcoins, the world’s most …

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Yandex’s Ukrainian offices searched by security service

Two weeks after the Ukrainian authorities banned leading Russian Internet sites as part of sanctions affecting 468 Russian legal entities, Yandex announced that the Ukrainian Security Service (SBU) conducted searches at the company’s offices in Kiev and Odessa. Yandex.Ukraine management and employees are accused of having gathered personal data of Ukrainian users and transmitted them to Russian …

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Ukrainian hacker sentenced by US court for “the largest known computer hacking and securities fraud scheme”

Yesterday Ukrainian hacker Vadym Iermolovych, 29, was sentenced to 30 months in prison by the US court after he was charged with “conspiracy to commit wire fraud, conspiracy to commit computer hacking, and aggravated identity theft” last year. In addition to the prison term, Iermolovych was sentenced to three years of supervised release and ordered …

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