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Category: confiscated
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Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
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Finland to Donate Millions of Dollars From Sale of Seized Bitcoin to Ukraine
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Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million
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Thai Government Approves Crypto Exchange, Wants Own Wallet
The Thai Securities and Exchange Commission has approved another crypto exchange to legally operate in the country. There are now six exchanges that have been granted approval. Meanwhile, the government is considering maintaining its own wallet in order to confiscate cryptocurrencies from illegal sources. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals […]
The post Thai Government Approves Crypto Exchange, Wants Own Wallet appeared first on Bitcoin News.
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Over 500 BTC Belonging to Iranians Seized by US Government: Report
According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms […]
The post Over 500 BTC Belonging to Iranians Seized by US Government: Report appeared first on Bitcoin News.
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South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency
The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cashing Out BTC The South Korean government is contemplating […]
The post South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency appeared first on Bitcoin News.
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Korean Government Clarifies Position After Supreme Court Crypto Ruling
The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]
The post Korean Government Clarifies Position After Supreme Court Crypto Ruling appeared first on Bitcoin News.
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South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud
The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches at the exchange and confiscated computers and accounting records. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Under Investigation South Korea’s largest cryptocurrency exchange, the Kakao-backed Upbit is suspected of fraud, […]
The post South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud appeared first on Bitcoin News.
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South Korean Court Rules Bitcoin Has Economic Value
A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of 191 bitcoins. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin’s Status Re-Examined The Suwon District Court […]
The post South Korean Court Rules Bitcoin Has Economic Value appeared first on Bitcoin News.
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