TMS Network (TMSN) Continues Market Dominance as Asia Defines Crypto Legal Frameworks, Conflux (CFX) and Fantom (FTM) Benefit

Don’t miss out on the latest key market insights! As authorities establish legal frameworks for virtual currencies, the crypto sector is experiencing tremendous advances in Asia and elsewhere. This development has created an environment that is conducive to the success of projects like Conflux (CFX), Fantom (FTM), and TMS Network (TMSN). TMS Network (TMSN) has […] дальше »

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Crypto Murder Drives Urgent Need for Regulations in South Korea

A murder case in South Korea arising from a crypto dispute is forcing authorities to speed up the implementation of crypto regulations. The post Crypto Murder Drives Urgent Need for Regulations in South Korea appeared first on BeInCrypto. дальше »

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Pakistani Authorities Lay Groundwork for Imminent Ban on Crypto Assets

In a significant move, Pakistani authorities have taken decisive steps to prepare for a comprehensive ban on cryptocurrency assets within the country. Citing concerns related to illicit activities, money laundering, and financial stability, the government aims to tighten regulations around digital currencies. дальше »

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Indian authorities urged to restore access to UPI for crypto exchanges

An Indian crypto exchange and a policy firm have independently made appeals to the government, urging the restoration of access to the national Unified Payments Interface (UPI) for crypto firms. дальше »

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SEC Slams Bitcoin Miner Marathon Digital With Another Subpoena As Firm Shares Its Quarterly Report

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White House Makes Case For 30% Crypto Mining Tax, Cites Economic And Energy Factors As Key Drive Behind Policy

Digital asset miners are under the radar of authorities once again concerning energy consumption and its impact on the environment. The White House released a report focused on digital asset mining, sustainable development, and “fair” taxation in the sector. дальше »

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Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI

India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry. дальше »

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Authorities raid Upbit and Bithumb in connection with South Korean crypto scandal

Prosecutors conducted a raid on two prominent South Korean cryptocurrency exchanges, Upbit and Bithumb, as part of an ongoing investigation into allegations surrounding independent lawmaker Kim Nam-kuk's digital assets. дальше »

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South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal

The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced. дальше »

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Terra founder gets bail, institutional adoption surges, regulatory efforts endure | Weekly Recap

The crypto space witnessed an eventful week with several key developments. Authorities in Montenegro agreed to release Kwon Do-Hyung, founder of the failed Terra ecosystem, on bail despite the US and South Korea calling for his extradition. Meanwhile, institutional adoption… дальше »

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EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows

Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens. дальше »

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Do Kwon’s lawyers propose $436K bail as authorities prepare for June trial

Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.” дальше »

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Do Kwon's Attorneys Propose $437K Bail, Deny Falsified Travel Documents Charges in Montenegro

Montenegrin authorities arrested the Terra founder in March for allegedly attempting to travel with fake documents. дальше »

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South Korea sets trail date for Terraform Labs co-founder Daniel Shin

The trial for Terraform Labs co-founder Shin Hyun-seung will begin in Seoul on 26 May. Local authorities have claimed that Shin's involvement in the suspected fraud was bigger than that of Do KThe post South Korea sets trail date for Terraform Labs co-founder Daniel Shin appeared first on AMBCrypto. дальше »

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With The E-Krona, Sweden Is Attacking The Virtues Bitcoin Is Built To Protect

As they increase financial surveillance and control, Swiss authorities are inadvertently making the case for Bitcoin as an alternative. дальше »

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South Korean Authorities Freeze $176M Worth of Do Kwon’s Personal Fortune

Coinspeaker South Korean Authorities Freeze $176M Worth of Do Kwon’s Personal Fortune Seoul Southern District Court has now issued a court order that prohibits the sale of several of Do Kwon's properties. дальше »

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Do Kwon’s Luxury Cars, Apartments Seized as Courts Freeze $2B of His Assets

South Korean authorities have frozen around $2 billion worth of assets tied to Do Kwon, the CEO of blockchain firm Terraform Labs, as they continue their investigation into the catastrophic... дальше »

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New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members

Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week. дальше »

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The Death Of Trust: As Institutions Erode, Bitcoin Is Our Only Hope

Public trust in authorities is failing and doomsayers are gaining attention, underscoring the need for Bitcoin to replace subjective truth. дальше »

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U.S. Authorities Extradite UK Citizen Behind 2020 Twitter Hack, SIM Swap Crypto Theft

Twenty-three-year-old Joseph O’Connor, known by his handle PlugWalkJoe, was arrested in Spain in 2021. дальше »

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South Korean Authorities Investigate Lawmaker Over Alleged Crypto Transfers

There’s a rumor of a conflict of interest around the South Korean opposition lawmaker Kim Nam-Kuk over crypto transactions.   The growing domestic outrage alleged that Kim liquidated over $4 million worth of crypto assets before the lawmakers would enforce the Financial Action Task Force Travel Rule. дальше »

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Coinbase ex-manager gets 2-year sentence for insider trading

The U. S. authorities sentenced Coinbase‘s former Product Manager to two years in jail for insider trading, according to Reuters. On May 9, 2023, the prosecutors decided Ishan Wahi’s sentence for participating in a scheme that involved “massive abuse” of Coinbase’s trust, the Reuters article noted. дальше »

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UK Tax Authorities Consider Seizing Crypto From Businesses 

The UK's HMRC may get powers to seize digital assets from crypto exchanges.

The post UK Tax Authorities Consider Seizing Crypto From Businesses  appeared first on BeInCrypto.

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South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report

Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits. дальше »

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Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report

The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities. дальше »

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Israel targets Binance accounts in battle against terrorism

Israeli authorities have confiscated approximately 190 Binance accounts believed to be affiliated with terrorist organizations, prompting concerns over the cryptocurrency exchange’s anti-money laundering measures. дальше »

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Hong Kong IPO Market to Rebound This Year after Turbulent 2022

Coinspeaker Hong Kong IPO Market to Rebound This Year after Turbulent 2022 Despite the raging impact of inflation in different economies, monetary authorities have not been sitting on their oars, rather, they have been fighting the surge through consistent interest rate hikes. дальше »

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Binance Accounts Used By Hamas and Islamic State Seized by Israel

Israel authorities have seized accounts on the Binance crypto exchange that were used by Hamas and the Islamic State, per a Reuters report. The post Binance Accounts Used By Hamas and Islamic State Seized by Israel appeared first on BeInCrypto. дальше »

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Israel Has Seized 190 Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters

Israeli authorities say the accounts on crypto exchange Binance belonged to individuals affiliated with Daesh and Hamas. дальше »

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Israel seized nearly 200 Binance accounts over terrorism links over two years

Authorities in Israel have seized 190 Binance accounts with ties to Islamic terrorist groups since 2021, Reuters said on May 4. Reuters reported that two of those accounts were linked to Islamic State (ISIS) and that almost all of the other accounts were owned by three firms with ties to Hamas. дальше »

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Estate and Legacy Planning for Crypto Assets

Legacy and estate planning is crucial for cryptocurrency holders because, unlike traditional assets, cryptocurrencies are not regulated by centralized authorities, making it difficult for heirs to access them after the owner's death. дальше »

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AI Crypto Scam Endorsed by Elon Musk Faces Texas Crackdown

Texas Authorities have issued an emergency cease and desist order against an alleged AI crypto scam endorsed by Elon Musk, Changpeng Zhao, and Vitalik Buterin. The post AI Crypto Scam Endorsed by Elon Musk Faces Texas Crackdown appeared first on BeInCrypto. дальше »

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Dubai crypto regulator sends reprimand letter to OPNX founders

Recently uncovered reports indicate that Dubai authorities have reprimanded 3AC co-founders for illegally promoting the OPNX exchange. 3AC founders oversaw the fall of one of the largest crypto hedge funds last year. дальше »

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Dubai authorities sent written reprimand to OPNX Exchange founders

Dubai’s Virtual Assets Regulatory Authority (VARA) issued a written reproof to the four founders of OPNX Exchange and its CEO Leslie Lamb on April 18, according to a formal notice. The four founders include Mark Lamb, Sudhu Arumugam, and founders of failed crypto hedge fund Three Arrows Capital, Su Zhu, and Kyle Davies. дальше »

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Binance set to begin operations in Japan in two months’ time

Japan’s financial authorities had issued a warning that Binance was operating in the country without permission. Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022. Existing services on SEBC will be terminated for new service under the provisional name “Binance Japan” to be issued. дальше »

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Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients

Increasing familiarity with virtual asset clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says. дальше »

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Bitcoin hovers around $28k after First Republic Bank stock tanks

Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities. дальше »

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Spain ends notorious crypto scam with over $110m lost to hackers

Spain authorities have reportedly arrested a perpetrator of a notorious scam that saw investors loose over $100M in funding. This comes after a resident in the province of Alava reported the fraud. дальше »

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10,000 Bitcoins Transferred to Swiss Bank: South Korean Prosecutors Investigate Do Kwon and TFL

South Korean authorities have discovered approximately $8.6 million remaining in Sygnum Bank account of Terraform Labs CEO Do Kwon amid ongoing investigation into company дальше »

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South Korea indicts Terra co-founder Daniel Shin: Report

South Korean authorities have indicted Terraform Labs co-founder Daniel Shin and nine other people on a number of counts. The assets of indictees totaling 246.8 billion won ($184.7 million) havThe post South Korea indicts Terra co-founder Daniel Shin: Report appeared first on AMBCrypto. дальше »

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Indian authorities freeze over $11M in crypto money laundering case

The Indian enforcement directorate froze over $11. 1 million on April 24 as part of an ongoing investigation into money laundering using a cryptocurrency called HPZ token. The funds were seized during searches conducted in three banks and payment gateway providers across the country that served entities involved in money laundering. дальше »

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Spanish police dismantled a crypto scam organization that bagged over $110M

A resident of the Balearic Islands, an archipelago off eastern Spain, was arrested by the Spanish police on April 24 for scamming crypto investors across multiple countries. The arrest was made at the request of law enforcement authorities from different countries that were investigating five other people connected with the criminal organization. дальше »

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South African scammers behind Africrypt being investigated in Switzerland

Africrypt founders who defrauded South African retail investors 70,000 BTC in 2021 are being investigated by Swiss authorities for money laundering дальше »

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Terraform co-founder Do Kwon asks court to dismiss the SEC lawsuit, here's why

Do Kwon's lawyers argued in court that SEC's lawsuit should be dismissed. U.S. authorities sued Kwon for allegedly scamming U.S. investors. According to a news report, the lawyers for TerrafThe post Terraform co-founder Do Kwon asks court to dismiss the SEC lawsuit, here's why appeared first on AMBCrypto. дальше »

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Ukraine plans to adopt EU’s new cryptocurrency regulations

Immediately after passing the European Parliament, Ukrainian authorities announced plans to adopt the EU's MiCA regulations on crypto assets. дальше »

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Brazilian authorities investigate Binance for guiding clients past stop order: Report

The Brazilian SEC has reportedly turned over screenshots from Binance’s Brazilian website with instructions for evading a stop placed on futures trading on the site. дальше »

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Kwon reportedly indicted by Montenegro authorities on these grounds

Montenegro authorities have indicted Do Kwon weeks after Do Kwon was arrested for forging travel documents Local prosecutors have requested the court to extend the detention of the Terraform LaThe post Kwon reportedly indicted by Montenegro authorities on these grounds appeared first on AMBCrypto. дальше »

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Former Thodex CEO arrested after extradition to Turkey

The founder and CEO of a Turkish crypto exchange that collapsed in 2021 has been arrested by Turkish authorities in Istanbul after being deported from Albania. дальше »

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Binance.US-Voyager acquisition moves on amid resolution with US authorities

Voyager, the Unsecured Creditors Committee (UCC), and the US government have reached an agreement that will enable the much-anticipated Binance.US-Voyager acquisition. After several months of uncertainty, the victims of the once prominent but now-bankrupt Voyager Digital may soon be made… дальше »

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Tornado Cash dev Alex Pertsev set to be released from prison under surveillance

The Tornado Cash developer was arrested in August 2022 by Dutch authorities as part of a criminal investigation against the crypto mixer service. дальше »

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