- Nicolas Cary and Al Turnball obtained a summons from Corporations Home in Could
- Blockchain.com blamed the late submitting on a restructuring of the corporate and a “significant reduction in the wider group’s workforce”
- The corporate filed enterprise accounts for the yr ending 2020 in October
London-based Blockchain.com is dealing with prosecution after two senior executives did not submit firm information on time.
The Telegraph reported that Nicolas Cary, Blockchain.com’s co-founder and president, and operations government Al Turnball obtained a summons by Corporations Home in Could.
Based on the report, Blockchain.com solely filed its enterprise accounts in October for the yr ending 2020. Nonetheless, the authorized claims focus is on the corporate’s delayed submitting of accounts for the yr ending December 2022.
Blockchain.com blamed the late submitting on a restructuring of the corporate and a “significant reduction in the wider group’s workforce,” which the corporate stated has taken time to stablize.
In its 2020 accounts, Blockchain.com stated it had employed authorized advisors and was getting ready to defend the costs in opposition to it.
The case was heard at Cardiff Magistrates Court docket on September 25 and one other listening to is anticipated on November 26.
A spokesperson for Blockchain.com stated:
“Blockchain.com takes seriously our compliance with license and regulatory requirements around the world. We have sorted all necessary documents related to this entirely administrative matter, and are confident it will be closed quickly.”
Established in 2011 by co-founder Peter Smith and Nicolas Cary, Blockchain.com has 37 million verified customers, serves greater than 200 nations, has over 89 million wallets, and has processed greater than $1 trillion value of transactions. A few of its traders embrace Baille Gifford, DST World, and Google Ventures.
