crypto exchanges

South Korean Police Officers Banned From Buying Cryptocurrency

<div class=”featured_image_container”> </div> <strong>A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. </strong> South Korea to Penalize National Police Agency Officers Who Fail to Disclose …

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All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

<div class=”featured_image_container”> </div> <strong>The chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down. South Korea currently has about 200 cryptocurrency exchanges, he said.</strong> All Crypto Exchanges Could Be Shut Down in South Korea At the …

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Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea

<div class=”featured_image_container”> </div> <strong>The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going after hundreds more taxpayers who are delinquent on paying their …

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US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex

<div class=”featured_image_container”> </div> <strong>The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years 2016 to 2020 as well as other documents relating …

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Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings

<div class=”featured_image_container”> </div> <strong>The Indian government has introduced new cryptocurrency disclosure rules. Companies dealing in cryptocurrencies will have to disclose their crypto holdings, among other disclosures, as part of their financial statements beginning April 1.</strong> New Crypto Disclosure Requirements The Indian Ministry of Corporate Affairs (MCA) issued a notification last week mandating companies to disclose …

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Indian Government May Block IP Addresses of Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>As the Indian government prepares to introduce the cryptocurrency bill, there are reports that it is considering blocking the IP addresses of cryptocurrency exchanges. Despite ban reports, many people in the Indian crypto community believe that the government will not impose an outright ban on cryptocurrencies, including bitcoin.</strong> Blocking IP Addresses of …

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Ripple to Dispose Stake in Moneygram Shortly After Announcing End of a Business Relationship

<div class=”featured_image_container”> </div> <strong>Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies in …

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Bitcoin Balances on Exchanges Are Draining, Leading Platforms See $10 Billion in BTC Withdrawn in 4 Months

<div class=”featured_image_container”> </div> <strong>Bitcoin prices have regained momentum during the last two days as the price per coin touched a March 2021 high at $54,822 on Tuesday morning (ET). Back in December 2020, it was noted that bitcoin on exchanges dropped to a three-year low and this year bitcoin exchange balances continue to plummet. A …

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