Shady activities abound in the NFT market. Three NFTs were seized by British authorities as part of a tax fraud probe. In order to defraud the UK tax authority of £1.4 million ($1.9 million), the susp...
Tag: Authorities
Switzerland’s UBS says US authorities could take time to regulate crypto
The largest bank in Switzerland, UBS, has said that crypto regulations in the US could be a long way coming. Regulatory pressure has been piling up on regulatory bodies in the US, such as Congress, to...
UK Authorities Seized 3 NFTs in a $1.9 Million Fraud Case (Report)
HM Revenue and Customs (HMRC) has reportedly seized three non-fungible tokens (NFTs) in a crackdown on suspected activity to hide money. Apart from confiscating the assets, law enforcement arrested th...
UK Tax Authorities Seize NFTS for the First Time
HM Revenue and Customs (HMRC) confirmed 3 people were arrested on suspicion of VAT fraud (estimated to be $1.9 million) involving 250 alleged shell companies. Three Non-fungible Tokens (NFTs) were sei...
UK Tax Authorities Seize 3 NFTs Involved in $1.8M Fraud Investigation
The UK’s tax authority—Her Majesty’s Revenue and Customs (HMRC)—has seized three NFTs as part of a wider investigation concerning VAT (goods and services tax) fraud, per the BBC. This is the first ti...
Russian authorities take down four illicit sites with $263M crypto proceeds
The Russian Ministry of Internal Affairs recently shut down four illicit carding websites in Russia with a significant amount of crypto proceeds. The three most dominant cryptocurrencies in the crypto...
Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion – Coinotizia
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been...
Crypto To Be Recognized As A Form Of Cryptocurrency By Russian Authorities
Russian Authorities to recognize digital assets anytime now read the latest reports. The authorities are in the process of drafting a law that will define crypto as an “analogue of currencies.” The re...
Top 30 Altcoin Explodes After U.S. Authorities Crack 120,000 Bitcoin (BTC) Theft Case
A top-30 crypto asset by market cap is skyrocketing after the U.S. Department of Justice announced it had seized nearly 80% of Bitcoin (BTC) stolen years ago from the Bitfinex crypto exchange. UNUS SE...
Kazakhstan Authorities Propose 400% Increase In Tax On Crypto Miners ⋆ ZyCrypto
Advertisement     Kazakhstan’s Head of State Kassym-Jomart Tokayev has ordered an increase in taxes on electricity used by Bitcoin miners in the country, according to ...
Russian Authorities Agree on ‘Roadmap’ for Crypto Regulation
Authorities in Russia have agreed on a collective ‘roadmap’ for cryptocurrency regulation, following debate over the past week. The working group consisted of the finance, economy, digital and interi...
Not all Countries’ authorities are sceptical about cryptocurrencies and metaverse
Now and then, we hear from authorities to take actions for or against Crypto by its regulations or sometimes even bans. Reports stated that Bitcoin and other cryptocurrencies in Turkey had gone up to ...
Thai authorities seeks to introduce crypto regulation for payments
Crypto regulations for payments is being scrutinized by Thai authorities Bank of Thailand, Ministry of Finance, and the Thailand SEC have introduced a set of guidelines Thailand authorities have noted...
Thai Authorities Plan to Regulate Crypto as Means of Payment
Thailand’s financial authorities plan to regulate the use of digital assets as a means of payment for goods and services, the Bank of Thailand, Ministry of Finance, and the Securities and Exchan...
German Authorities Say Terrorist Accomplice Funded Operation Through Binance
German authorities, in a letter to Binance, disclosed that two accomplices accused of supporting an Islamic terrorist who killed four people in the 2020 Vienna attack used its trading platform to fund...
Chinese Authorities Crack Rug Pull Scam, Arrest 8 Individuals
The public security bureau of Chizhou city in the eastern province of Anhui has frozen six million yuan or nearly $1 million worth of crypto assets and arrested eight people for defrauding its investo...
Russia: Authorities crack down upon hackers’ group ‘REvil’, seizes $5.5 million
The Federal Security Service of the Russian Federation along with the Investigation Department of the Ministry of Internal Affairs has reportedly shut down an “organized criminal community.” It noted ...
Russian authorities raid REvil hackers, seize luxury cars and crypto
advertisement One of Russia’s most notorious ransomware gangs was hit by a major raid. Russia’s Federal Security Service, or FSB, announced on January 14 a series of raids on 25 addresses ...
Singapore authorities urge alert on cryptocurrencies after scams bring up issues in parliament
Singapore wants to become a hub for cryptocurrency and financial technology Officials have issued extensive warnings in order to protect people from crypto scams Regulated authorities should be used ...
Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion – Taxes Bitcoin News
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been...