Category: Law of the Chain
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Jeju City probes 1,200 crypto transactions for $3.2 million tax evasion
Jeju City investigates 1,200 crypto transactions for tax evasion, targeting Binance and Upbit users, with $3.2 million in unreported assets identified.
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Brazil crypto industry opposes 15% tax affecting 10 million users by 2025
Brazil’s crypto industry, including Mercado Bitcoin and Foxbit, lobbies against proposed 15% tax, which could impact 10 million users by 2025.
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Crypto influencer sentenced for $3.5M cryptojacking scheme in 2023
Crypto influencer sentenced for a $3.5M cryptojacking scheme involving Ethereum and Bitcoin, affecting over 1,000 victims in 2023.
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South Korea proposes 2024 won-pegged stablecoin bill with BOK oversight
South Korea proposes a stablecoin bill pegged to the won, targeting 2024 implementation. Involves BOK and FSC, aiming to regulate digital currencies like KRWt.
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Hong Kong SFC reports 2023 stablecoin fraud risks under new regulations
Hong Kong SFC alerts that new stablecoin regulations increase fraud risks, citing Tether and USD Coin. Over 20 cases reported in 2023.
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Nebraska man gets 1-year prison for $3.5M Bitcoin and Ethereum cryptojacking
Nebraska man sentenced to 1-year prison for $3.5M cryptojacking scheme involving Bitcoin and Ethereum, marking a significant cybercrime case in 2023.
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JPYC to launch Japan’s first regulated yen stablecoin in 2023
JPYC anticipates approval for Japan’s first regulated yen-backed stablecoin, joining Circle and Tether in the $130 billion stablecoin market by 2023.
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Japan’s FSA approves first yen stablecoin JPYC in autumn 2023
Japan’s FSA will approve JPYC, the first yen-pegged stablecoin, in autumn 2023, marking a milestone in Japan’s $1.2B digital asset regulatory framework.
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Lazarus Group steals $23M from Lykke in 2024 crypto heist
Lazarus Group allegedly stole $23M from Lykke, a Swiss crypto firm, marking another major cyberheist in 2024 involving North Korean hackers.
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Fake law firm scams target Bitcoin and Ethereum investors in 2023
Crypto fraud involving fake law firms increased by 30% in 2023, targeting Bitcoin and Ethereum investors with false legal claims and phishing schemes.
