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Bybit Gains UAE’s Virtual Asset Licence; Becomes First Crypto Firm to Get Full SCA Approval
ByBit has become the first cryptocurrency exchange to secure a full Virtual Asset Platform Operator Licence from the UAE’s Securities and Commodities Authority. The approval follows its in-principle nod in February and allows ByBit to provide regulated trading, custody, and fiat conversion services across the UAE. The milestone comes months after...
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Chainalysis Flags $75 Billion in Crypto Linked to Illicit Activity; Highlights Asset Recovery Potential
Chainalysis reports that more than $75 billion (Rs. 6,65,000 crore) in cryptocurrency is linked to criminal activity, with $15 billion (roughly Rs. 1,33,000 crore) held directly by illicit actors and $60 billion (roughly Rs. 5,32,000 crore) in downstream wallets. Bitcoin dominates these holdings, while stablecoins and Ether are rising. The data hig...
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Ukraine’s Parliament Backs Draft Law to Legalise, Tax Crypto and Virtual Assets
Ukraine’s parliament has approved the first reading of a crypto legalisation bill that introduces an 18 percent tax on digital asset profits. Lawmakers believe the framework could help recover up to $10 billion (roughly Rs. 88,000 crore) lost to crypto crime while aligning with EU rules. The move signals Ukraine’s intent to integrate crypto int...
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Son Used Fake Papers To Recover Gangster Mukhtar Ansari's Assets, Arrested
Umar Ansari, son of late gangster-turned-politician Mukhtar Ansari, was arrested on Sunday for allegedly submitting forged documents in court in a bid to recover his father's seized properties.
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UK Secures 1st Interpol Silver Notice Against Indian-Origin Fraudster
The UK's National Crime Agency on Friday announced its first "Interpol Silver Notice" to help trace and recover the criminal assets of a convicted Indian-origin fraudster, believed to have made GBP 8.5 million illegally.
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Rs 36 Crore Recovered After Raids On 8 Karnataka Government Officers
The Lokayukta sleuths on Thursday raided places linked to eight government officials, who are accused of amassing assets disproportionate to their known sources of income, in various parts of the state.
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"Entitled To Relief": Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets
Fugitive businessman Vijay Mallya said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6,203 crore" but he continues to be "an economic offender".
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Crypto Platform WazirX Offers $23 Million To Recover $234 Million Lost In Cyber Breach
Crypto platform WazirX, which lost a staggering $234 million worth of digital assets in a cyber breach, on Sunday announced $23 million in bounty to recover the stolen funds.
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Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
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Rs 38 Lakh Cash, Gold Recovered In Raids On Senior Hyderabad Cop's Home
A senior Hyderabad cop was arrested in a disproportionate assets case today after raids were conducted at his home and other locations by Telangana's Anti-Corruption Bureau (ACB).
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Koinex Collaborates with CoinDCX to Help Users Recover Locked Assets From Defunct Exchange
CoinDCX has announced it has put in place an established desk to assist former Koinex members access their funds and transition onto its platform. The now-defunct crypto exchange has signed a Memorandum of Understanding (MoU) with CoinDCX to provide access to customers' assets.
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What All Was Recovered From Hyderabad Raids That Revealed 100-Crore Assets
Luxury watches and gold jewellery were among the assets worth Rs 100 crore recovered from a real estate official during anti-corruption raids in Hyderabad.
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FTX Exchange Gets Court Approval to Sell Crypto Assets, Move Will Allow Repayment to Customers
Bankrupt crypto exchange FTX received US court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in US dollars and minimize risks related to price volatility in crypto markets.
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FTX Seeks to Claw Back Over $240 Million From Embed Acquisition
Bankrupt crypto exchange FTX is seeking to claw back more than $240 million (nearly Rs. 2,000 crore) it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform. FTX closed on the Embed acquisition just six weeks before the crypto exchange collapsed ...
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Coinbase Launches International Exchange for Crypto Derivatives Amid Rising Tensions with US Regulators
Coinbase Global launched an international exchange for cryptocurrency derivatives on Tuesday, as the company looks to expand its global footprint amid escalating tensions between the crypto sector and regulators in the United States.
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Bybit Gains UAE’s Virtual Asset Licence; Becomes First Crypto Firm to Get Full SCA Approval
ByBit has become the first cryptocurrency exchange to secure a full Virtual Asset Platform Operator Licence from the UAE’s Securities and Commodities Authority. The approval follows its in-principle nod in February and allows ByBit to provide regulated trading, custody, and fiat conversion services across the UAE. The milestone comes months after...
-
Chainalysis Flags $75 Billion in Crypto Linked to Illicit Activity; Highlights Asset Recovery Potential
Chainalysis reports that more than $75 billion (Rs. 6,65,000 crore) in cryptocurrency is linked to criminal activity, with $15 billion (roughly Rs. 1,33,000 crore) held directly by illicit actors and $60 billion (roughly Rs. 5,32,000 crore) in downstream wallets. Bitcoin dominates these holdings, while stablecoins and Ether are rising. The data hig...
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Ukraine’s Parliament Backs Draft Law to Legalise, Tax Crypto and Virtual Assets
Ukraine’s parliament has approved the first reading of a crypto legalisation bill that introduces an 18 percent tax on digital asset profits. Lawmakers believe the framework could help recover up to $10 billion (roughly Rs. 88,000 crore) lost to crypto crime while aligning with EU rules. The move signals Ukraine’s intent to integrate crypto int...
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Son Used Fake Papers To Recover Gangster Mukhtar Ansari's Assets, Arrested
Umar Ansari, son of late gangster-turned-politician Mukhtar Ansari, was arrested on Sunday for allegedly submitting forged documents in court in a bid to recover his father's seized properties.
-
UK Secures 1st Interpol Silver Notice Against Indian-Origin Fraudster
The UK's National Crime Agency on Friday announced its first "Interpol Silver Notice" to help trace and recover the criminal assets of a convicted Indian-origin fraudster, believed to have made GBP 8.5 million illegally.
-
Rs 36 Crore Recovered After Raids On 8 Karnataka Government Officers
The Lokayukta sleuths on Thursday raided places linked to eight government officials, who are accused of amassing assets disproportionate to their known sources of income, in various parts of the state.
-
"Entitled To Relief": Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets
Fugitive businessman Vijay Mallya said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6,203 crore" but he continues to be "an economic offender".
-
Crypto Platform WazirX Offers $23 Million To Recover $234 Million Lost In Cyber Breach
Crypto platform WazirX, which lost a staggering $234 million worth of digital assets in a cyber breach, on Sunday announced $23 million in bounty to recover the stolen funds.
-
Banks Recovered Over Rs 10 Lakh Crore Bad Loans In Last 9 Years: Centre
Finance Minister Nirmala Sitharaman said today that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
-
Rs 38 Lakh Cash, Gold Recovered In Raids On Senior Hyderabad Cop's Home
A senior Hyderabad cop was arrested in a disproportionate assets case today after raids were conducted at his home and other locations by Telangana's Anti-Corruption Bureau (ACB).
-
Koinex Collaborates with CoinDCX to Help Users Recover Locked Assets From Defunct Exchange
CoinDCX has announced it has put in place an established desk to assist former Koinex members access their funds and transition onto its platform. The now-defunct crypto exchange has signed a Memorandum of Understanding (MoU) with CoinDCX to provide access to customers' assets.
-
What All Was Recovered From Hyderabad Raids That Revealed 100-Crore Assets
Luxury watches and gold jewellery were among the assets worth Rs 100 crore recovered from a real estate official during anti-corruption raids in Hyderabad.
-
FTX Exchange Gets Court Approval to Sell Crypto Assets, Move Will Allow Repayment to Customers
Bankrupt crypto exchange FTX received US court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in US dollars and minimize risks related to price volatility in crypto markets.
-
FTX Seeks to Claw Back Over $240 Million From Embed Acquisition
Bankrupt crypto exchange FTX is seeking to claw back more than $240 million (nearly Rs. 2,000 crore) it paid for stock trading platform Embed, saying former FTX insiders did no investigation before buying the essentially worthless bug-ridden software platform. FTX closed on the Embed acquisition just six weeks before the crypto exchange collapsed ...
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Coinbase Launches International Exchange for Crypto Derivatives Amid Rising Tensions with US Regulators
Coinbase Global launched an international exchange for cryptocurrency derivatives on Tuesday, as the company looks to expand its global footprint amid escalating tensions between the crypto sector and regulators in the United States.
