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Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion

Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from…

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Indian Authority Cracks Down on Highrich Online’s Crypto Operations

India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part…

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New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover…

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NFT Market Sees Gains for Second Consecutive Week, Sales Up 10.95%

Non-fungible token (NFT) sales increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a 76.7% drop in the number of buyers,…

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Despite Crypto Market Downturn, TON Achieves All-Time High

While bitcoin and the broader cryptocurrency market experienced declines over the past three days, The Open Network’s toncoin (TON) hit an all-time high on Saturday morning, reaching $8.25 per unit.…

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Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued 

The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and…

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56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500…

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