MixMarvel narxMIX

Findings from India’s Financial Intelligence Unit (FIU) indicate suspicions that cryptocurrencies are being used for illicit activities, including terrorism financing, cybercrime, narcotics trafficking, and illegal betting. Prepared during the 2023-2024 financial year, the FIU’s report for virtual digital assets (VDAs) and their service providers (such as crypto exchanges) analyzed numerous suspicious transaction reports (STRs) from the sector. These findings have been shared with agencies like the Enforcement Directorate (ED), Central Bureau of Investigation (CBI), and the Income-Tax Department, ultimately leading to enforcement actions in certain cases. The report also mentions shady pump and dump schemes with fake coins, high-volume crypto transactions in illegal forex apps, and attempts to involve individuals suspected of unlawful activities. This news breaks during a time where India is crafting a regulatory framework for cryptocurrencies. While not illegal, income from cryptocurrency transactions has been taxed at a flat rate of 30% since 2022. Therefore, the findings could impact regulations due to the FIU’s report, as suspicions may lead to heightened measures aimed at preventing the misuse of digital assets, not to mention that it may influence public perception and adoption of cryptocurrencies. The RBI (Reserve Bank of India) has also expressed doubts about private cryptocurrencies, viewing them as a big risk to India’s economic and financial stability. India has historically struggled with challenges related to money laundering and terrorist financing. Last year , the Financial Action Task Force (FATF), an international anti-money laundering watchdog, urged the country to speed up prosecutions in financial fraud cases. Despite being compliant on most parameters, India was rated as moderately effective in investigating and prosecuting money laundering, with issues like court backlogs slowing down convictions. Add cryptocurrencies to the mix and it all becomes very complicated, making the challenge of rooting out criminal activities even worse as the pseudonymous nature of digital currencies can hamper the authorities when trying to trace potentially criminal transactions. It’s not clear how India will respond to the findings of the FIU’s report, but all this highlights the need for robust regulatory frameworks that will balance innovation with the prevention of illicit activities in the crypto industry. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The U.S. government’s bitcoin holdings are now in the spotlight after President Donald Trump announced the building of a strategic crypto reserve, containing BTC, ETH, and other digital assets. Read more: Trump’s Bombshell: XRP, SOL, and ADA Enter the US Crypto Reserve Mix While the U.S. allegedly holds nearly $200K bitcoin, crypto insiders are calling for a public audit of these funds, given their relevance for the upcoming policies of the Trump administration. David Bailey, CEO of BTC Inc., has criticized how the U.S. government has carried the ownership of this large bitcoin stash. “It’s alarming that nobody seems to know exactly how many Bitcoin the USA owns, nor who specially holds the keys to roughly 200,000 Bitcoin,” he stressed, highlighting the importance of establishing a “sovereign-quality digital assets vault with proof of reserves.” Bailey raised the possibility of a covert sale of these assets under the previous administration. According to an unnamed CEO of a large custody provider, carrying out a sale operation of 100K BTC would be trivial, using the bitcoin owned by other customers to throw off suspicion. Timechainindex’s Sani added that one of the only custody providers able to pull this off would be Coinbase. The exchange had moved 8,000 BTC several times a couple of months ago, totaling more than 100K BTC. “I will pay $10,000 to the first journalist who can get U.S. Marshals to confirm the quantity of Bitcoin and Crypto they’re currently holding,” Bailey proposed. According to Arkham Intelligence, the U.S. government holds nearly 198K BTC, that have been seized as part of enforcement actions. Record indicated that 69,369 BTC were seized from Silkroad in November 2020, 94,643 BTC recovered from Bitfinex hackers in January 2022, and 51,326 BTC seized from James Zhong, also linked to Silk Road. Read more: Global Crypto Power Plays: Which Governments Are Hoarding the Most Bitcoin? 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

- A weekend post by Donald Trump on Truth Social hinted at a U.S. strategic bitcoin reserve, sparking market chatter. - Polymarket traders are skeptical, giving only a 23% chance of this happening within the first 100 days of his potential presidency. - Initially, only XRP and SOL were mentioned, causing a price spike, before BTC and ETH were added to the mix. - Traders are seeing mixed results: Theo5 is up $40,000, while Polywog faces a $73,000 loss. What do you think? Could a U.S. Bitcoin reserve become reality? Share your thoughts! 💬

Ukraine is taking another step toward legalizing cryptocurrency . Legislators are now in the last stages of developing a bill intended to better control the market after long-term struggle with confusing rules. Should things go as expected, the bill might be finished and put into use by mid-2025. BREAKING: 🇺🇦 Ukraine is planning to legalize crypto by mid 2025. They are setting the tax rate around 5-10%! BULLISH FOR CRYPTO! pic.twitter.com/8NDDKgn3Ou — Mister Crypto (@misterrcrypto) March 1, 2025 One issue remaining under great contention even if legalization is approaching is the tax policy. The government is weighing a tax rate between 5% and 10%. Another debate, however, suggests using a uniform tax rate akin to ordinary income tax—18% plus a military charge of five percent. Should this program be carried out, the overall tax on crypto transactions might reach 23%. Some groups think that hefty taxes would impede the expansion of the Ukrainian crypto market. Conversely, the administration contends that the nation requires more money, particularly to support military demands and war-torn rehabilitation. This presents a conundrum: would Ukraine actually impede crypto growth with a too strict tax policy, or will it become a new refuge for adoption? Ukraine has long been among the nations most advanced in the usage of digital assets, no mystery about that. The continuous battle has rendered the nation further reliant on cryptocurrency and blockchain technology for donations and financial transactions. Since digital assets are quicker and simpler than more traditional means, many worldwide communities donate them. Still, the legal situation of cryptocurrency in Ukraine has been murky so far. Although the nation established legislation acknowledging the existence of digital assets in 2021, its rules still do not entirely conform with European Union guidelines. Thus, changes to the regulations are still ongoing so that Ukraine may comply with international norms in monitoring digital assets, particularly with money laundering and criminal funding. Legal clarity is much welcomed by investors and entrepreneurs who have long been engaged in this sector. Clear laws will make crypto transactions in Ukraine no longer in a gray area. If the tax policy implemented is too expensive, though, many business players may decide to relocate their activities to neighboring nations with friendlier laws. Some analysts believe Ukraine might develop into one of the biggest centers of crypto adoption in Europe, particularly if the government strikes a mix between rigorous control and laws appealing to investors. In the next few months, the law is supposed to be presented to parliament. Should it pass the first reading, more talks aimed at mid-2025 implementation will be conducted. Still, not everyone has great hope for this chronology. Some officials and outsiders think the legislative process could be slower than expected, particularly given ongoing disputes over tax laws and other technical matters. Nevertheless, this action is nevertheless a significant indication that Ukraine is committed to using crypto’s possibilities in line with its future economic plan.

Crypto: 1 Week vs. 1 Day 📉📈 🔻 Why the dip? Likely a mix of tariff fears, a $1.5B Bybit hack & risk-off sentiment cutting Bitcoin gains. 🚀 Why the pump? Trump’s ‘Crypto Strategic Reserve’ with $BTC $ETH $SOL $XRP & $ADA may be fueling the rebound. Buy or sell? 🤔