South Korea Seize $3.2M in Crypto Amid Foreign Exchange Case
South Korean authorities seized $3.2M in Ethereum during an illegal foreign exchange investigation involving $683M in transactions and unregistered money changers.
Crypto Tax Crackdown Looms as IRS Warning Letters Surge – Taxes Bitcoin News
The IRS is sending more warning letters to crypto investors, signaling stricter tax enforcement ahead, especially with new 1099-DA regulations coming next year.
Opinion: Mixing Crypto and Mortgages is a Recipe for Disaster
The article discusses the U.S. Federal Housing Finance Agency’s proposal to allow crypto investments as mortgage qualifications, highlighting risks due to Bitcoin’s volatility and potential economic impacts.
Hong Kong Launches Policy 2.0 For Global Crypto Hub Plans
Hong Kong updates its digital asset policy with the LEAP framework, focusing on regulation, tokenization, and collaboration to establish itself as a global crypto hub.
Kraken Becomes Latest to Win a License Under Europe’s New Rules – Decrypt
Kraken secured a MiCA license from Ireland’s Central Bank, allowing EU-wide crypto services. This follows Coinbase’s similar approval, as exchanges align with Europe’s new regulatory framework.
ASIC Appoints Panel to Probe ASX Following Failed Blockchain Project – Decrypt
Australia’s ASIC appoints expert panel to investigate ASX after its $163M blockchain project failed. The panel will assess governance and risk management, with findings due by March 31 next year.
Ruble-Backed A7A5 Stablecoin Moves $9.3B on Sanctioned Russian Exchange Successor Grinex
A7A5, a ruble-backed stablecoin, has moved $9.3B on Grinex, a suspected successor to sanctioned Russian exchange Garantex. Analysts question its adoption due to concentrated wallet activity and political ties.
Citibank accused of ignoring signs of $20M crypto romance scam
Citibank faces a lawsuit for allegedly ignoring red flags in a $20M crypto romance scam, where a victim was deceived into sending millions to fraudulent accounts through fake NFT investments.
Trump Crypto Venture Preps Stablecoin Audit and Product Push
Trump-affiliated crypto venture World Liberty Financial plans to release a stablecoin audit and launch a mobile app. Co-founder Zak Folkman hinted at upcoming changes to their governance token WLFI amid political scrutiny.
Invesco Becomes Latest to File for Solana ETF
Invesco has filed for a Solana ETF, joining eight other issuers. The proposed Invesco Galaxy Solana ETF will track SOL’s spot price, with Galaxy Digital handling transactions and Coinbase as custodian.
