South Korea Excludes Digital Currencies from Donation Legislation Amendments

by Александр Пирогов | May 6, 2024 | Blog News

South Korea has excluded digital currencies from newly amended donation legislation, potentially dealing a blow to the country’s charities and donation drives. The Ministry of Public Administration revealed that amendments to South Korea’s “Donations Act” have...

Delays Continue in Nigeria’s Legal Effort Against Binance Executives

by Александр Пирогов | May 3, 2024 | Blog News

The trial of Binance and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, on a $35.4 million money laundering charge in Nigeria’s Federal High Court Abuja faced further delays due to procedural errors. Scheduled to commence on May 2, the trial was...

Former FTX Co-CEO Agrees to Transfer $5.9 Million Bahamas Property in Plea Deal

by Александр Пирогов | May 3, 2024 | Blog News

Ryan Salame, the former co-chief executive of FTX Digital Markets, has agreed to transfer his $5.9 million property in the Bahamas as part of a plea agreement in a criminal case. This agreement was detailed in a motion filed with the United States Bankruptcy Court for...

U.S. Senators Raise Concerns About Iran’s Cryptocurrency Mining

by Александр Пирогов | May 3, 2024 | Blog News

U.S. Senators Elizabeth Warren and Angus King have expressed concerns about the potential national security threats posed by cryptocurrency mining in Iran. In a letter dated May 1 addressed to key officials such as National Security Advisor Jake Sullivan and Treasury...

Iran and Russia Exploring CBDC and DFA Trade Solutions

by Александр Пирогов | May 3, 2024 | Blog News

Iranian and Russian officials have confirmed their collaboration on central bank digital currencies (CBDCs) and digital financial assets (DFAs) to facilitate trade between the two nations. Rahimi Mohsen, the trade attaché of the Iranian Embassy in Russia, highlighted...

Arkansas Passes Bills Regulating Crypto Mining Activities

by Александр Пирогов | May 2, 2024 | Blog News

The Arkansas House of Representatives has approved Senate Bills 78 and 79, which aim to regulate cryptocurrency mining activities in the state. Senate Bill 78 introduces noise limits, regulates water usage for cooling, prohibits foreign ownership of mining operations,...