- Nicolas Cary and Al Turnball obtained a summons from Firms 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 12 months ending 2020 in October
London-based Blockchain.com is going through prosecution after two senior executives did not submit firm data on time.
The Telegraph reported that Nicolas Cary, Blockchain.com’s co-founder and president, and operations government Al Turnball obtained a summons by Firms Home in Could.
In response to the report, Blockchain.com solely filed its enterprise accounts in October for the 12 months ending 2020. Nonetheless, the authorized claims focus is on the corporate’s delayed submitting of accounts for the 12 months 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 mentioned has taken time to stablize.
In its 2020 accounts, Blockchain.com mentioned it had employed authorized advisors and was making ready to defend the costs towards it.
The case was heard at Cardiff Magistrates Court docket on September 25 and one other listening to is predicted on November 26.
A spokesperson for Blockchain.com mentioned:
“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 international locations, 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.
