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UK Treasury seeks input on taxing DeFi staking and lending
28.4.2023
The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers
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...
No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal
26.5.2022
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted...
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...
Oculus Founder's Vision For Military AI, Which He's Helping Build, Is Kinda Yikes
14.3.2022
One of the founders of Oculus, now called Meta Quest, has been busy since being pushed out of the company in 2018 with, um, military tech that may be involved in the Russian invasion of Ukraine.Read more
UK Seizes First NFTs in $2 Million Fraud Crackdown — Arrests 3 People
15.2.2022
The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as...
Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto Payments
28.1.2022
The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed...
Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform
30.12.2021
Authorities in Hong Kong have arrested two individuals accused of laundering about $384 million using various avenues including a cryptocurrency exchange trading platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. An Indictable Offense Two people...
Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions
16.7.2021
Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering...
Smuggler Arrested With CPUs Strapped To His Body
14.7.2021
Last week customs officials working at the Hong Kong–Zhuhai–Macau Bridge stopped a truck driver who they thought was looking “nervous”. With good reason; after searching him they found the dude was literally strapped with concealed...CPUs.Read more
South Korean Officials Notice a Sudden Rise in Crypto Mining Rigs Imports- Over 41 Shipments Intercepted in 3 Months
11.3.2021
Crypto adoption is a hot topic in South Korea, and recent figures have been proving it. However, crypto mining activity is also starting to gather interest across the country, per the latest reports from local media outlets. A Single Rig Should Worth $150 ‘or Less’ to Be Considered...
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....
Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority
3.10.2020
Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent...
Airport Gold Seizure in Amsterdam Points to Bitcoin Utility for Private, Borderless Travel
7.3.2020
A 27-year-old Brazilian man was arrested at Schiphol Airport in Amsterdam Friday for failing to declare 15 kilograms of gold bars to customs, according to local reports. After failing to provide a convincing explanation as to how he acquired the gold, the traveler flying from Rio de Janeiro to Hong...
UK Tax Agency to Pay $100K for Blockchain Surveillance Software
21.1.2020
On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software...
Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies
7.10.2019
Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach...
Anti-Corruption Group Proves Crypto’s True Power: You Can’t Confiscate Math
14.8.2019
Last week in Russia, state agents tore apart the offices of FBK, a privately funded anti-corruption foundation, freezing group assets and more than 100 bank accounts. Officials are using suspicion of money laundering as justification for targeting the largely bitcoin-funded group, possibly in a...
CBP: Our ‘Live Fire’ Blockchain Test Is Entering the Proof-of-Concept Phase
24.8.2018
U. S. Customs and Border Protection will begin its live testing of a shipment tracking system on a blockchain after Labor Day
Factom Blockchain Project Wins Grant to Protect US Border Patrol Data
18.6.2018
The Department of Homeland Security has awarded a grant to blockchain project Factom for live testing a platform for securing camera and sensor data