HKMA: Hong Kong inches toward launching wholesale CBDC
The HKMA has not yet issued a time frame, but experts believe that a full launch could take up to two years due to the amendments the legislature will have…
South Korea tax agency seizes nearly $200M in digital assets from tax offenders
South Korea stresses the need to uphold fair taxation principles as it busted digital asset investors who failed to settle taxes, with authorities netting nearly $200 million from the operations.…
Russia approves digital assets for international payments with strict rules against money laundering
The use of digital assets in foreign transactions is set in stone, with Russia assuring that the move aligns with its AML policy while entities work with the central bank…
Huobi’s parent company weighs name change
Hong Kong-listed Huobi Technologies wants to change its name to “New Huo Technology Holdings Limited” for a fresh corporate image, with voting set for October 13. [...] Read More... The…
Compute North files for Chapter 11 bankruptcy with $500M in debt
Compute North operates data centers for miners, including Marathon Digital and Hive Blockchain, but a $300 million loan has made it the latest bear market casualty. [...] Read More... The…
Tulip Trust demands Roche Freedman turn over documents relating to its relationship with Ava Labs
The Tulip Trust has asked that Roche Freedman be disqualified from its case against Ira Kleiman over the ownership of W&K. [...] Read More... The post Tulip Trust demands Roche…
IRS hunts digital currency tax cheats with M.Y. Safra bank summons
The summons, often referred to as a "John Doe" summons, seeks information on customers of SFOX who may not have reported their digital currency gains on tax returns. [...] Read…
