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South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
Business · Seoul

South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal

South Korean authorities have seized approximately $185 million worth of digital assets from tax delinquents since 2021. The authorities seized the delinquents' accounts or assets based on information received from the cryptocurrency exchanges. The highest amount ofdigital assets seized from a single delinquent stood at 12.49 billion won or $8.87 million.See the Story
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges – Regulation Bitcoin News
Cryptocurrency

Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges – Regulation Bitcoin News

Indian Finance Minister Nirmala Sitharaman apparently cautioned about digital currency Saturday. Her proclamations came as India's Enforcement Directorate (ED) tests cryptographic money trades corresponding to its tax evasion examinations. The ED has frozen the resources of no less than two digital money trades this month. Wazirx's bank resources worth $8 million were frozen on Aug. 5 and Vauld's bank and crypto resources worth about $46 million were froze last week.See the Story
Philippine Central Bank Governor Explains Crypto Policy — 'I Don't Want It Banned' – Regulation Bitcoin News
Central Bank · Philippines

Philippine Central Bank Governor Explains Crypto Policy — 'I Don't Want It Banned' – Regulation Bitcoin News

Felipe Medalla, the governor of the Bangko Sentral ng Pilipinas (BSP), the country's central bank, shared his policy on cryptocurrency in an interview with Forkast. Medalla advised investors not to invest money they cannot afford to lose in crypto. The central bank governor slammed bitcoin's environmental impact.See the Story

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