South Korean city to launch its own crypto seizing system for tax evaders
A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that it will launch “its own electronic virtual asset seizing system.” The city regulators hope to […]
Upbit, Bithumb to pay largest ever compensation for system failures during martial law
South Korean crypto exchanges Upbit, Bithumb have agreed to compensate users with the largest payout ever following system failures caused by the martial law declaration. Upbit and Bithumb, two South Korean crypto exchanges, have agreed to compensate users for technical failures that occurred during the martial law declaration in December, Korean news agency Yonhap reports. […]
Trump frees Ross Ulbricht, slams justice system
Ross Ulbricht, founder of the Silk Road darknet marketplace, has been granted a full pardon by President Trump, honoring Libertarian support during his campaign. Ross Ulbricht, the founder of Silk Road, has been fully pardoned by President Donald Trump. On Jan. 22, Trump announced the pardon on Truth Social, his own social media platform, stating […]
China’s central bank spotlights Hong Kong’s crypto licensing system in new report
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report. In an excerpt from the Financial Stability Report 2024, China’s central bank the progress of cryptocurrency compliance in Hong Kong. The report acknowledged how […]
