Alleging violations of the Bank Secrecy Act, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) filed a civil suit against BTC-e founder Alexander Vinnik on July 25, seeking to recover more than $88 million in customer funds from the exchange and $12 million in from Vinnik personally.
The French financial publication Les Echos is reporting that a new law passed on April 11 allows French savers to invest in cryptocurrencies in their “assurance vie” life insurance accounts, which are used mainly as medium- to long-term savings vehicles aimed at retirement.
A French street artist claims an anonymous donor surprised him by tipping 1 BTC—worth around $3,971—Monday night. Paris-based artist Pascal Boyart, who goes by the name “PBoy,” is also a crypto enthusiast and has been adding QR codes with his Bitcoin address for sometime. “He is also the first to have hidden digital currency in his frescoes,” his personal site claims. A perusal of his address’ page on Blockchain.com shows he was only modestly successful, taking in just a couple of hundred dollars worth of bitcoins since November 2017.
A Texas state legislator and a French National Assembly deputy have both called for legal bans on anonymous cryptocurrencies recently.