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BitcoinBeginnerThe South Korean Financial Services Commission (FSC) has announced plans to allow institutions, such as charities and universities, to sell their cryptocurrency donations starting in the second half of 2025. This decision marks a significant shift in the country’s cryptocurrency regulatory…
#altcoin#asia#crypto
BitcoinBeginnerIndian cryptocurrency holders who have not declared their crypto gains to the tax authorities could face a hefty tax penalty of up to 70%. The recent Union Budget 2025 introduced stricter regulations for cryptocurrency trading, classifying virtual digital assets as undisclosed income under the…
#crypto#defi#government
GeneralBeginnerDraftKings has reached a settlement with the National Football League Players Association (NFLPA) in a lawsuit concerning the termination of their NFT marketplace and unpaid royalties. The NFLPA filed the lawsuit in August 2024, alleging that DraftKings breached a 2021 contract by shutting down…
#court#football#gaming
GeneralBeginnerImmunefi, a leading blockchain security firm, has launched the first blockchain-based arbitration system for bug bounties. This groundbreaking system aims to enhance trust and legal enforceability within the cybersecurity industry. Developed in collaboration with Greenberg Traurig, the system is…
#crypto#defi#hackers
GeneralBeginnerSenator Cynthia Lummis has threatened criminal referrals for FDIC employees accused of destroying records related to “Operation Choke Point 2.0.” Whistleblowers at the Federal Deposit Insurance Corporation in the United States have alerted lawmakers to purported agency efforts to suppress and…
#law#us-government
BitcoinBeginnerThe US, Japan, and South Korea have issued a joint warning about North Korea’s expanding cryptocurrency hacking attempts. In a recent statement, the three nations expressed deep concern over the North Korean regime’s persistent use of cyberattacks to fund its illicit weapons programs. The…
#altcoin#defi#hackers
BitcoinBeginnerBinance, the world’s largest cryptocurrency exchange, has achieved a significant milestone by securing its 21st global regulatory authorization. The Central Bank of Brazil has approved Binance’s acquisition of Sim;paul, a locally licensed broker-dealer institution. This makes Binance the first…
#binance#law
BitcoinBeginnerA significant development is underway in Switzerland as a proposal mandates the Swiss National Bank (SNB) to hold Bitcoin. This move, if implemented, could have far-reaching consequences for the cryptocurrency market and the global financial landscape. The proposal, currently under consideration…
#central-bank#crypto#law
BitcoinBeginnerA South Korean court has issued an arrest warrant for impeached President Yoon Suk Yeol, marking a historic moment in the country’s history. This decision comes after Yoon’s attempt to impose martial law earlier this month, which was met with widespread condemnation and led to his impeachment by…
#altcoin#court#crypto
GeneralBeginnerA Montenegrin appeals court has upheld a lower court’s decision to extradite Do Kwon, the founder of Terraform Labs, to South Korea. This ruling comes after a series of legal battles and conflicting court decisions regarding Kwon’s extradition. According to Korea JoongAng Daily, the unanimous…
#crypto#defi#law
GeneralBeginnerThe Malaysian Securities Commission (SC) has added Atomic Wallet, a Web3 wallet service, to a list of financial firms prohibited from operating in the country. The Supreme Court accused Atomic Wallet of “[o]perating a digital asset exchange (DAX) without registration.” Atomic Wallet was the victim…
#defi#hackers#law
