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Paxos acquires Membrane Finance for EU stablecoin expansion
19.11.2024
Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license
Web3 Gaming Startup GFAL Raises $3.2M in Funding Round Led by Supercell and Mitch Lasky
30.4.2024
Web3 video games startup GFAL “Games for a Living" has raised $3.2 million in a seed funding round led by the Finnish mobile game development company Supercell Ltd and Mitch Lasky.
The post Web3 Gaming Startup GFAL Raises $3.2M in Funding Round Led by Supercell and Mitch Lasky appeared first...
Finnish Tax Administration Found €30 Million Worth Unreported Crypto Gains in 2023
22.4.2024
Finland’s Tax authority has found profits from sales of unreported crypto gains in 2023, amounting to €30 Million ($31.9 million).
The post Finnish Tax Administration Found €30 Million Worth Unreported Crypto Gains in 2023 appeared first on Cryptonews
Monero Tracing: Privacy Coin Proponents Dismiss Finnish Law Enforcement Agency’s Tracing Breakthrough Claims
31.1.2024
A Finnish law enforcement agency, the National Bureau of Investigation (NBI), recently claimed that it may have found a way to trace the privacy coin Monero. However, proponents of the privacy coin have dismissed the agency’s claims and insisted that the cryptocurrency is still untraceable....
Crypto Forensics Breakthrough: Finnish Authorities Trace Monero in High-Profile Hack
28.1.2024
The National Bureau of Investigation in Finland has reportedly made significant progress in tracing Monero (XMR) transactions as part of an ongoing investigation into the criminal trial of Julius Aleksanteri Kivimäki. Kivimäki stands accused of hacking a private mental health firm’s database...
Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website
29.11.2023
The U.S. Treasury Department's Office of Foreign Asset Control listed two crypto addresses tied to Sinbad, a mixing service, in its latest sanctions list
Bank of Finland Initiates Development of Finnish Instant Payment Solution Aligned with European Standards
19.10.2023
The Bank of Finland (BOF) has taken the lead in spearheading the development of a Finnish instant payment solution that aligns with European standards.
During this year's fifth Euro and economy publication event on October 19, Tuomas Välimäki, a member of the Governing Council of the European...
Finnish Minister Calls for EU Law to Recognize DAOs
18.1.2023
Brussels must act to enable smart contracts to take off across the bloc, communications minister Timo Harakka said
Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine
24.7.2022
Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin...
Finland to Donate Millions of Dollars From Sale of Seized Bitcoin to Ukraine
29.4.2022
The government of Finland is discussing supporting Ukraine with part of the money from the liquidation of millions of dollars worth of cryptocurrency seized in crime investigations. Finnish authorities want to sell the bitcoins soon and say they couldn’t come up with a better idea for...
Finnish regulators tighten the screw on virtual currency marketing
25.11.2021
The Finnish Financial Supervisory Authority published stricter rulings regarding crypto marketing
What Is Even Happening In These Video Game Ads, Help
12.8.2021
We’ve all been there, waiting to collect something free in a mobile game in exchange for watching an advertisement for another mobile game. This is usually a chance to stretch or take a drink, but some ads are just so batshit crazy that you can’t help but watch them whenever they come up in...
As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016
8.1.2021
Finland’s customs officials have revealed plans to sell 1,981 bitcoins that were seized mainly in connection with drug trafficking-related criminal investigations. The majority of the confiscated bitcoins (1,666) are from the Douppikauppa case, the darknet operator who was arrested in 2016....
Authorities Shut Down Darknet Marketplace Sipulimarket, Seize Bitcoin
14.12.2020
A major darknet marketplace, Sipulimarket, has been shut down and its assets, including bitcoin, were seized by Finnish Customs, in cooperation with Europol and the Polish police. Darknet Marketplace Shut Down, Bitcoin Seized Europol and Finnish Customs (Tulli) announced last week that they...
Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
26.8.2020
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi...
Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition
2.7.2020
Peer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago. For the year, operating income fell 6% to $19.9 million from $21.2 million the year before. Localbitcoins did not provide detail about net profit. The Finnish...
Finnish Authorities Have $15M in Seized Bitcoin But Don’t Want to Sell It
26.2.2020
The confiscated horde is now worth more than $15 million
Finnish Customs Puzzled on what to do with 15M Euro Seized in Bitcoin
25.2.2020
The Finnish Customs service is puzzling over what to do with seized 1,666 bitcoins as their value has soared almost 2,000% to over $15 million
LocalBitcoins Receives Finnish FSA Virtual Currency Provider License
17.11.2019
LocalBitcoins gets the official nod from the Finnish Financial Services Authority
Finland Approves First 5 Crypto Service Providers
5.11.2019
Finland’s crypto regulation is now in full effect. The first five crypto service providers have been approved to legally operate in the country, the Finnish financial regulator confirmed to news.Bitcoin.com. The grace period for operating without registration has expired. Also read: Finland...