Bitcoin Exchange Operator Given 16-Month Prison Sentence

Bitcoin Exchange Operator Given 16-Month Prison Sentence One of the operators of the now-defunct bitcoin exchange Coin.mx has been sentenced to 16 months in prison. According to a Reuters report, Florida-based software engineer Yuri Lebedev had been found guilty of helping run the unlicensed bitcoin exchange. His sentencing – handed down by U.S. District Judge Alison Nathan –…

Islamic Development Bank to Research Sharia-Compliant Blockchain Products

Islamic Development Bank to Research Sharia-Compliant Blockchain Products The Islamic Development Bank (IDB) of Saudi Arabia’s research outfit is reportedly using blockchain to develop new sharia-complaint financial products. According to Reuters, the Islamic Research and Training Institute has struck an agreement with two startups – Ateon and SettleMint, the latter of which is based in Belgium –…