Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,040,063,312.62
  • 24h Vol: $52,696,067,307.91
  • BTC Dominance: 56.57%

tax evasion

crypto-platform-ceo-arrested-for-allegedly-paying-deputies-in-extortion-scheme

Crypto Platform CEO Arrested for Allegedly Paying Deputies in Extortion Scheme

Leave a Comment / Adam Iza, Bitcoin, conspiracy, Crypto, Crypto Hacked, Cryptocurrency, deputies, Digital Assets, Ethereum, Extortion, FBI, Featured, kidnapping, L.A. County, Law Enforcement, shell companies, tax evasion, zort, Zort CEO / / / , , , , , , , , , , , , , , ,

Crypto platform Zort’s CEO has been arrested on multiple charges. Allegations against Iza include paying large sums to Los Angeles County deputies for illegal activities, such as unlawful searches, extortion schemes, and even a failed kidnapping attempt. “Iza boasted about paying ‘active duty’ law enforcement $280,000 per month,” according to the authorities. Crypto Platform CEO […]

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nigerian-judge-to-rule-on-binance-tax-evasion-case-in-october

Nigerian Judge to Rule on Binance Tax Evasion Case in October

Leave a Comment / Binance, Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, News Bytes, Newsbyte-3, tax evasion / / / , , , ,

Nigerian Justice Emeka Nwite recently set October 11 as the date for ruling in the trial of Binance Holdings Limited, a popular cryptocurrency platform. The platform and its two directors face a four-count tax evasion charge for failing to register with the Federal Inland Revenue Service (FIRS). Binance’s lawyer Ayodele Omotilewa pleaded not guilty to

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kucoin-to-implement-7.5%-vat-on-transaction-fees-for-nigerian-users

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

Leave a Comment / Africa, Binance, Bitcoin, crypto exchanges, Crypto Hacked, Crypto Nigeria, Cryptocurrency, Ethereum, KuCoin, KYC, tax evasion, value added tax / / / , , , , , , ,

Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player stated that implementing the tax will likely harm the industry.

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economist-paul-krugman-criticizes-florida-gov.-ron-desantis’-opposition-to-central-bank-digital-currency

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

Leave a Comment / adoption, Analysis, bank accounts, Bitcoin, BTC, CBDC, Conspiracy Theories, Criminals, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Digital Currency, Drugs, Economics, editorial, Ethereum, Extortion, Federal Reserve, financial system, Florida, Fraud, freedom, home safes, illegal purchases, Keynesian, Krugman and DeSantis, Monetary Policy, Money Laundering, News, NYT opinion piece, Opinion, paper cash, Paul Krugman, rights, Ron DeSantis, tax evasion, Weapons, Woke, Woke Money / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and

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french-authorities-raid-5-major-banks-over-accusations-of-money-laundering-and-fiscal-fraud

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

Leave a Comment / Allegations, Banking Crisis, Bitcoin, bnp paribas, cnbc, Crypto Hacked, Cryptocurrency, Cum-Ex Scheme, Dividend Accounts, Dividend Arbitrage, Ethereum, Europe, Exane Bank, Finance, financial institution, Financial Prosecutor, fiscal fraud, Fiscal Fraud Charges, Fraud, French Authorities, german prosecutors, Governments, HSBC, international, Investigating Judges, Investigation, major banks, Money Laundering, Natixis, Office Raids, Paris, Paris France, PNF, Prosecutor's, Raid, Societe Generale, Suspicion, tax evasion, Taxation, wealthy clients / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international

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report:-regulations-governing-tokenized-deposits-and-crypto-assets-in-south-africa-set-to-effect-in-january-2025

Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025

Leave a Comment / Africa, Bitcoin, central bank digital currency (CBDC), Crypto Hacked, Cryptocurrency, Distributed Ledger Technology, Ethereum, Financial Sector Conduct Authority (FSCA), Gerhard van Deventer, Project Khokha, Sim Tshabalala, South African Reserve Bank (SARB), Standard Bank, tax evasion, tokenized deposits / / / , , , , , , , , , ,

Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using distributed ledger technology. Central Bank Considers Appropriateness of

Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025 Read More »

russian-crypto-industry-queries-government-about-proposed-criminal-liability-for-miners

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

Leave a Comment / amendments, bill, bills, Bitcoin, Criminal Liability, Crypto, Crypto Hacked, crypto industry, crypto miners, crypto sector, Cryptocurrencies, Cryptocurrency, Ethereum, fines, industry association, Law, Laws, Legislation, Miners, penalties, prosecution, provisions, racib, Regulation, Russia, russian, Tax, tax evasion, Taxation, Taxes, texts / / / , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in

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romania-carries-out-raids-as-part-of-crypto-tax-evasion-probe

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, crypto traders, crypto transactions, Cryptocurrencies, Cryptocurrency, Ethereum, Gains, income, operation, proceeds, profits, Raid, raids, Romania, Romanian, Tax, Tax agency, tax authority, tax evasion, Taxation, Taxes, Taxpayer, taxpayers, transactions / / / , , , , , , , , , , , , , , , , , , , , , ,

Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After

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