Without divulging any names, a South Korean media agency reported that the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team has banned a key Terra ...
Tag: Authorities
South Korean authorities ban Terra’s main designers from leaving the country
Following the infamous collapse of the Terraform Labs’ stablecoin TerraUSD (UST) and native token Terra (LUNA), the South Korean prosecution’s investigation of the company is intensifying, with the au...
Central authorities have demonized privacy — Crypto projects must fight back
Zcash (ZEC), a privacy coin that launched in 2016, unveiled an upgrade to its system on May 31 that will allow users to more easily make private, trustless digital cash payments on mobile phones. Not ...
Authorities in New York release three key guidelines for stablecoin
Firms are required to ensure stablecoins are fully backed by reserve assets The department said reserves should entail different assets, including U.S. Treasury Bills Terra has been faulted for the s...
Terraform Labs’ Legal Woes Worsen as South Korean Authorities Investigate – crypto.news
South Korean authorities are currently investigating Terraform Labs and its staff on various accusations, including tax evasion and market manipulation. Seoul Police Probe Terraform Labs Terraform Lab...
Cake DeFi Secures Regulatory License From Lithuanian Authorities – crypto.news
Cake DeFi has announced that it has successfully obtained the necessary license that would enable it to operate as a regulated cryptocurrency exchange and custodian in Lithuania. The license was grant...
Authorities From South Korea Are Looking Into A Heist Of Bitcoin By A Terraform Employee
Prosecutors recently questioned Terraform Labs personnel who were involved in the initial construction of the blockchain. According to sources, the targeted employees were opposed to the launch of the...
Korean Authorities Investigate Terraform Employee Over Bitcoin Theft
South Korean authorities have launched investigations into a Terraform Labs employee over the alleged embezzlement of bitcoin. Seoul police say the employee allegedly stole bitcoin personally from the...
New York authorities release three key guidelines for stablecoin management
The New York State Department of Financial Services is the latest agency to release guidelines relating to the issuance and management of stablecoins as the crypto market recovers from the Terra (LUNA...
New Crypto Regulations in Japan Could Allow Authorities to Seize Stolen Digital Assets
After passing a landmark bill to regulate stablecoins, Japan might become yet another major economy to revise its laws to seize illegally obtained crypto. A local Japanese paper noted that the country...
How South Korea Authorities are looking to intensify Crypto Regulations in the region?
This call to action from South Korean authorities could be in the wake of efforts to not let anything like Terra (LUNA) collapse, happen again As per the local media reports, the Financial...
New York Authorities Pass Bill to Suspend Non-Renewable Energy-Based PoW Mining – crypto.news
The New York Senate has greenlighted a bill aiming at suspending new carbon-based proof-of-work (PoW) mining operations in the state. The bill was also passed in April by the state Assembly and now aw...
South Korean Authorities Intensify Crypto Regulations to Prevent Terra (LUNA) Recurrence
South Korea’s Financial Supervisory Service (FSS) has opened investigations into payment gateway services working with digital assets. According to local media reports, the FSS asked 157 payment gate...
26 U.S. Scholars & Computer Scientists Urge Authorities to Stifle Crypto Adoption – crypto.news
Computer scientists and scholars in the United States, have on June, 1. 2022, sent a letter to the U.S. Senate, urging them to fight against the increasing influence of crypto lobbyists, according to ...
South Korean Authorities Launch Probe Into Terra Crash: Report
South Korean prosecutors are reportedly looking into the recent Terra crash to see if there were signs of intentional price manipulation and other issues, the local television network JTBC reported on...
South Korean authorities investigate possible price manipulation in Terra crash
The recent collapse of the Terra LUNA token and the Terra USD (UST) stablecoin has spooked the market because of the increased fears of increased regulatory attention. It was reported that some invest...
South Korean Authorities Summon All Terraform Labs Employees
Key Takeaways The Seoul Southern District has summoned employees from Terraform Labs, according to recent reports. Prosecutors are concerned with whether executives were aware of Terra and Luna’s desi...
Belarus: millions of dollars in crypto seized by authorities
The head of the Investigative Commission of Belarus has announced that they have seized crypto worth more than 200 million roubles. Belarus fights the criminal use of crypto Seizure of multimillion-do...
South Korean authorities reportedly probe staff behind Terra
The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna Classic (LUNC), previously known as Terra (LUNA), and TerraUSD (UST) tokens, by r...
Terraform Labs (Terra) Staff Reportedly Under Investigation by South Korean Authorities
Terra’s unraveling is undoubtedly one of the biggest busts in the crypto industry’s history. While Kwon has already initiated his grand revival plan to salvage the Terra ecosystem, the people who work...
Why Did Francophone Bitcoiners Met With Central African Republic’s Authorities?
Last month, the Central African Republic surprised the world by making bitcoin legal tender. As it happened with El Salvador, Bitcoiners around the world jumped to support the project. On May 22nd, a ...
South Korean Authorities Ask Exchanges to Block LFG From Withdrawing Funds: Report
South Korean police are reportedly looking to freeze assets associated with the non-profit organization Luna Foundation Guard (LFG) following the eventful collapse of Terra (LUNA). According to South ...
Luna Foundation Guard Under Fire, Korean Authorities Tells Exchanges To Freeze Assets
According to reports, South Korean police have asked exchanges to ‘freeze’ the assets of the Luna Foundation Guard (LFG), a non-profit organization that supports the Terra (LUNA) cryptocurrency. Luna’...
Korean Authorities To Interrogate Crypto Exchanges About TerraUSD (UST) Collapse: Report
South Korean officials plan to question representatives from the country’s five largest crypto exchanges about the recent Terra (LUNA) collapse. According to a new report from local news outlet Newspi...
As Authorities Hesitate Commonwealth Bank Suspends Its Crypto Trading Trial
The CBA turned into Australia’s initial significant bank to give digital currency administrations through its versatile application. The trial programme offered access to the app’s 6.5 million users o...
South Korean authorities worried about investors betting on a Terra’s (LUNA) comeback
South Korean crypto traders have recently rushed to buy Terra (LUNA)—a cryptocurrency that lost 99.99% of its value last week when its stablecoin TerraUSD (UST) collapsed, as they believe they have no...
Do Kwon summoned by Korean authorities post Terra and Luna crash
UST and LUNA crash has brought Do Kwon to a parliamentary hearing The sensational fall of Terra (LUNA) alongside UST has been a significant idea among the crypto business Presently the South Korean C...
Korean Politician Urges Authorities to Summon Do Kwon for a Hearing – crypto.news
South Korean politician, Yun Chang-Yun has called for a parliamentary hearing on Terra in a bid to find out the real cause of the sudden collapse of both the TerraUSD (UST) stablecoin and the LUNA tok...
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme – Regulation Bitcoin News
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to hav...
South Korea’s financial authorities and politicians start investigating Terra’s crisis
According to South Korea’s local media reports, two South Koren financial authority agencies have started “emergency” investigations into local crypto exchanges in response to the collapse of Terra. I...
Federal Judge Says Crypto Anonymity a Myth as US Authorities Charge American in $10,000,000 Sanction Evasion
The Justice Department is charging an unnamed American citizen with using crypto assets to evade sanctions in what is believed to be the first case of its kind. According to an opinion written by the ...
Terra’s Do Kwon Could be Summoned to Testify to Korean Authorities on UST-LUNA Fiasco (Report)
Do Kwon, perhaps the most notorious name in the cryptocurrency industry in the past few weeks, might have to appear in front of the South Korean government in a hearing on the UST crash. According to ...