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Professor Warns SEC That Its Move Against Coinbase Is a ‘Serious Mistake’


A former advisor to the United States Securities and Exchange Commission (SEC) has warned that the agency would be making a “serious mistake” if it proceeds with a probe into Coinbase and other major crypto exchanges. As reported, the SEC is reportedly set to move ahead with an investigation into...

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies


South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been...

SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme


The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including...

Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700


New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will...

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