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Hong Kong Worldcoin Offices Visited Amid Privacy Investigation


The offices of the Worldcoin project, a biometric scanning and wallet initiative, have been visited by authorities in Hong Kong amidst a broad privacy investigation. The authorities, complying with a court warrant, advised the general audience to protect their sensitive data carefully and avoid...

Singapore Authorities Raise Concerns Around Crypto Draining Kits


Singapore police authority and the Cyber Security Agency of Singapore have raised concerns around cryptocurrency draining kits. In a joint statement, the authorities warned that cybercriminals are increasingly leveraging cryptocurrency drainers and targeting owners of digital wallets. (1/2) As...

German Authorities Say They’ve Seized 50,000 Bitcoins


German authorities have revealed that they have seized 50,000 bitcoins. “This is the most extensive seizure of bitcoins by law enforcement authorities in the Federal Republic of Germany to date,” the German police noted. Germany Seizes 50K Bitcoin The Saxony state police in Germany...

Argentinian Authorities Introduce Bill to Drop Crypto Tax Opportunities


The Argentinian government has drafted a bill that seeks to drop crypto tax opportunities for undeclared assets. These tax windows significantly reduce fees for undisclosed assets at the moment. The government led by pro-Bitcoin President Javier Milei pushed a bill titled “Law of Bases and Starting...

South Korean Authorities Slammed for Taking Crypto Regulation ‘Baby Steps’


South Korea’s financial regulators are taking “baby steps” while US counterparts forge ahead with rapid crypto regulation progress, a new report has claimed. Per the South Korean media outlet News Tomato, domestic financial authorities are yet to “properly organize” their crypto arms. The outlet...

China Proposes Digital Yuan’s Accelerated Adoption in Beijing and Shanghai


China authorities have proposed new policies to accelerate the adoption of digital yuan in designated districts in Beijing and Shanghai. According to Xinhua, China State Council’s General Office has announced a comprehensive reform initiative for Shanghai’s Pudong New Area, scheduled to...

Digital Asset Exchange OKX Obtains Retail License in Dubai – Here’s More


Image Source: Adobe Cryptocurrency exchange OKX has received regulatory approval from Dubai’s financial authorities to offer retail virtual asset services to customers. In a statement on Jan 16, the company disclosed that its Dubai subsidiary has been granted a virtual asset service provider...

Russia Will Begin Collecting Taxes in Digital Rubles from 2025


Source: Valery/Adobe Russian tax authorities will start collecting taxes in digital rubles from 2025, with banks also handed powers to block “suspicious-looking” CBDC transactions. Per the media outlet Klerk, recent tax code amendments – signed into law by President Vladimir Putin late last year...

Indonesian Authorities Raid Ten Crypto Mining Facilities for Energy Theft


Source: AdobeStock / Photocreo Bednarek Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose...

Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal


A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...

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