Category: Law of the Chain
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Thailand crypto sandbox enables Bitcoin and Ethereum payments for tourists in 2024
Thailand launches crypto to baht sandbox for tourists in 2024, involving Bitcoin and Ethereum, aiming to boost tourism revenue by 15%.
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US Treasury mandates digital ID for DeFi platforms by 2025 to combat crime
The US Treasury may enforce digital ID rules on DeFi platforms like Uniswap and Aave to curb financial crime, affecting 5M+ users by 2025.
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Cryptojacker sentenced to 1 year for $3.5M Monero (XMR) malware scheme
Cryptojacker sentenced to 1 year for stealing $3.5M via malware; case involved Monero (XMR) and affected 1,200 systems globally, highlighting rising cybercrime.
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Kraken halts Monero deposits following potential XMR exploit
Kraken suspended Monero (XMR) deposits after a potential exploit; Binance also halted XMR trading. Monero’s market cap dropped 5% to $2.8 billion.
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Jeju Island finds $45 million in crypto tax evasion from 2,962 individuals
South Korea’s Jeju Island concluded a crypto tax evasion investigation involving 2,962 individuals, uncovering $45 million in unreported transactions linked to Bitcoin and Ethereum.
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US Treasury mandates digital ID in DeFi smart contracts by 2025 to fight illicit finance
The US Treasury plans digital ID integration in DeFi smart contracts to combat illicit finance, targeting Ethereum and Bitcoin transactions by 2025.
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US DOJ sets $6M bounty for Garantex founders over $100M illicit transactions
US DOJ offers $6M bounty for Garantex leaders; exchange linked to $100M in illicit transactions; targets include founders Anatoly Legkodymov and Sergey Mendeleev.
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Japan approves first yen-backed stablecoin in fall 2023, reshaping digital currency policy.
Japan will approve its first yen-backed stablecoin in fall 2023, involving entities like Mitsubishi UFJ and SBI Holdings, marking a pivotal shift in digital currency policy.
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Grayscale submits Dogecoin ETF proposal to SEC for NYSE listing
Grayscale seeks SEC approval for a Dogecoin ETF, potentially listing DOGE on NYSE. The crypto asset has a market cap of $10 billion.
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Norway and Kazakhstan crypto adoption rises 30% as Japan enforces strict 2023 regulations
Norway and Kazakhstan increased crypto adoption by 30% in 2023, while Japan maintained strict regulations. Bitcoin and Ethereum dominated trading volumes in both nations.
