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US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians


The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated and the proceeds remitted to the State Treasurer. The cryptocurrency owners will have no recourse against the custodians or the state....

Bitcoin: It’s Time To Seize the Opportunity


Jason Guthrie is the Head of Capital Markets in Europe at the international investment giant WisdomTree. _____ The current economic climate is a concern for investors. Trade-restructuring, high levels of liquidity, systemically-low inflation, inverted yield curves, negative-yielding bonds...

Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers


In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud. Also Read: Chinese Regulators...

Russia Confirms It's Planning Measures To Seize Crypto


Adding to the legal uncertainty surrounding cryptocurrency in Russia, the country’s Ministry of Internal Affairs has confirmed earlier reports that it is cooperating with the Russian Supreme Court and a number of other federal institutions to prepare draft legislation that would allow...

Australian Police Seize Over USD 1 million in Crypto In Drug Bust


As the Australian Federal Police are developing their tech capacities, a recent drug bust of a property in Western Australia allowed officers from the Technology Crime Service to seize not only illegal substances, but also more than AUD 1.52 million (USD 1.04 million) worth of unspecified...

Reserve Bank of India Restricts Indian Police to Seize Crypto Scam Amount


Legal implications on Banks by the Reserve Bank of India (RBI) have caused trouble for the Pune city police department wanting to cash out seized cryptocurrencies worth of 8.42 crore INR. That amount of Indian currency was acquired by selling 244.0925 Bitcoins. The cryptocurrency was seized from...

IRS Warns SMEs: Our Agents Are Trained to Value and Seize Your Crypto


Source: iStock/Photographer, Filmmaker, Designer America’s top tax authority, the Internal Revenue Service (IRS) has issued a chilling warning to small and medium-sized enterprises (SMEs) that deal with cryptocurrencies. The agency said that it will step up its collection efforts and criminal...

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