freeze accounts – DIGIT INFO

Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

DIGIT — Mon, 23 May 2022 23:30:17 +0000

The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset Freeze The Seoul Metropolitan Police Agency’s Cybercrime Investigation Unit announced Monday that it has launched an […]

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Goldman Sachs’ Blankfein Asks Why Crypto Isn’t Having a Moment Despite Inflating US Dollar, Freeze Orders

DIGIT — Wed, 09 Mar 2022 03:30:50 +0000

A Goldman Sachs senior chairman has asked why crypto is not having a moment despite “the inflating U.S. dollar” and governments demonstrating that they can and will freeze accounts under certain circumstances. “Not seeing it in the price, so far,” he said. Goldman Sachs’ Blankfein Has a Question About Crypto Lloyd Blankfein, who is currently […]

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Coinbase ‘Will Not Institute a Blanket Ban’ on All Transactions Tied to Russian Crypto Addresses

DIGIT — Tue, 01 Mar 2022 16:30:40 +0000

The popular cryptocurrency exchange Coinbase has addressed the request from Ukrainian officials to freeze the accounts of all Russian users. A Coinbase spokesperson noted that the digital currency platform would not “institute a blanket ban” against ordinary Russian users. Coinbase, Coinberry, and Kucoin Follow Binance’s and Kraken’s Decision to Refuse ‘Sabotaging Ordinary Russian Users’ On […]

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Ukraine Asks Crypto Exchanges to Freeze Accounts of All Russian Users — Major Exchanges Deny Request

DIGIT — Mon, 28 Feb 2022 16:30:10 +0000

The vice prime minister of Ukraine has asked all major cryptocurrency exchanges to freeze accounts of all Russian users. However, some crypto exchanges have already denied the request. Binance confirmed it is “not going to unilaterally freeze millions of innocent users’ accounts” while Kraken says it is “not really a viable business option for us.” […]

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UK Police Lobbying for New Laws Allowing Them to Freeze Cryptocurrencies

DIGIT — Sun, 13 Jun 2021 15:00:14 +0000

UK police are lobbying the government to change the laws to allow them to freeze cryptocurrencies. Scotland Yard detectives say currently account-freezing orders do not apply to cryptocurrency wallets, making it difficult for the police to stop criminals from transferring funds. UK Police Want New Laws to Let Them Freeze Cryptocurrencies Scotland Yard detectives are […]

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Hong Kong Security Crackdown Leads to Record Capital Outflows— Residents Reportedly Used Cryptocurrencies to Move Funds

DIGIT — Wed, 31 Mar 2021 12:30:33 +0000

The Canadian anti-money laundering agency, Fintrac, says it recorded official capital inflows originating from Hong Kong that totaled more than $34 billion in the past year. The outflows, which are the highest since 2012 when the earliest Fintrac records are available, “are the first evidence of a significant flight of capital overseas from the Asian […]

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5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown

DIGIT — Mon, 15 Jun 2020 19:05:33 +0000

Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen without involvement in illegal activities. Crypto Traders’ Bank Accounts Frozen Chinese police have been […]

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