Tags : Authorities


Hong Kong Authorities Crack Down on $113 Million Crypto Racket

Hong Kong Customs officers have arrested 4 folks allegedly concerned in an unlawful cash laundering syndicate that relied on cryptocurrency, within the first operation of its kind within the metropolis.  In response to the South China Morning Publish, the syndicate laundered funds totaling HK$1.2 billion ($155 million) over a interval of 15 months. Of that […]Read More


Mexico’s Monetary Authorities Pour Chilly Water on Billionaire’s Bitcoin Financial

In short Monetary authorities in Mexico have warned that establishments are prohibited from accepting Bitcoin as a result of the cryptocurrency isn’t authorized tender within the nation. The warning got here after billionaire financier Ricardo Salinas Plíego revealed that Banco Azteca, one in all Mexico’s largest banks, was planning to just accept Bitcoin. Mexico’s Ministry […]Read More


Authorities in South Korea Seize $47M in Crypto From Tax

Briefly Officers within the South Korean province of Gyeonggi have seized $47 million in cryptocurrencies from tax dodgers. South Korean exchanges are delisting cash forward of latest rules coming into drive. Officers within the South Korean province of Gyeonggi have carried out one of many largest tax seizures within the nation. The months-long investigation led […]Read More


Dutch Authorities Seized Over $360 Million in Money and Crypto

In short In 2020 Dutch authorities seized greater than €300 million in money and cryptocurrency. Greater than €8 million was seized in Bitcoin and different cryptocurrencies, a substantial improve on 2019. Final yr, Dutch authorities seized about €303 million ($367 million) value of money and cryptocurrency in legal instances, the Netherlands Public Prosecutors Service (OM) […]Read More


U.Okay. tax authorities freeze capital features tax signaling quick time

U.Okay. crypto buyers braced themselves for important modifications within the therapy of Capital Positive aspects Tax (CGT). However these fears have been ill-founded as Chancellor Rishi Sunak delivered his budget simply after midday immediately. The federal government opted to freeze thresholds for Revenue Tax, Inheritance Tax, Pensions Allowance, VAT registration, and Capital Positive aspects Tax. […]Read More