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A 21-year-old French citizen who bought a Ferrari with bitcoin had his 18-month sentence and $3.7 million fine upheld by a Moroccan court.  The original sentence handed down by the Casablanca Court of Appeals in October 2022 against Thomas Clausi was upheld earlier this month , his lawyer, Mohamed Aghanaj, confirmed. Clausi was arrested for buying the luxury sports car in 2021. Morocco banned holding and trading cryptocurrencies in 2017.  The enforcement actions against Clausi began when a French woman living in Casablanca sold the Ferrari in question to Clausi for a bitcoin payment worth 400,000 euros ($436,600) at the time. She filed a complaint accusing him of “fraud.” A Moroccan citizen submitted a separate complaint against the Frenchman, alleging Clausi signed a fraudulent check with the name of another individual — which he obtained in exchange for bitcoin — in order to buy three of the Moroccan citizen’s watches.  The court ordered Clausi to repay the watch owner with 3,...

Mt. Gox creditors have another month to file for their claims as the registration deadline was pushed back by another month. The registration dates for Mt. Gox creditors have been pushed back by another month . According to the announcement, the deadline has been pushed from March 10 to April 10, allowing creditors to file their claim for another month . Along with the extension for the registration deadline, the distribution deadline has been pushed back by another month as well. The distribution of assets to creditors will now take place starting from Oct. 30 instead of Sept. 30.  The official document cited various circumstances for the shift in deadline s such as the progress by rehabilitation creditors in respect of the Selection and Registration. Creditors have the option of a lump-sum payment, bank remittance, fund transfer service provider, or going through a Cryptocurrency Exchange or custodian. This is a developing story, and further information will be added as it becom...