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.
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.
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.
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.
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.
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.
Do Kwon pleads guilty in TerraUSD case, trial March 2024
Do Kwon pleads guilty to fraud charges; TerraUSD collapse erased $40B. SEC cites violations; LUNA and MIR tokens affected. Trial set for March 2024.
SEC v. Ripple 2023 ruling shapes crypto regulatory landscape
The SEC v. Ripple case highlights regulatory challenges for XRP. Ripple’s Brad Garlinghouse noted a 2023 court ruling favored the firm. Crypto regulations remain uncertain.
Kraken suspends Monero deposits as Qubic secures 60% network dominance
Kraken halted Monero deposits following Qubic’s claim of 60% network dominance, impacting XMR privacy features and QUUBIC trading volumes by 15%.
Japan approves first yen-backed stablecoin in fall 2024 with Mitsubishi UFJ
Japan will approve its first yen-backed stablecoin in fall 2024, involving Mitsubishi UFJ and SBI Holdings, marking a key step in digital currency adoption.
