Latest Crypto News: ED Freezes Cryptocurrencies Worth Rs 47.64 Lakh Under Money Laundering Law, Spanish Telecom Giant Partners with Crypto Exchange

The Law Enforcement Directorate froze the cryptocurrency Tether, an Ethereum token pegged to the US dollar, totaling Rs. 47.64 lakh, under the Prevention of Money Laundering Act, 2002.

According to a statement from the Directorate of Law Enforcement (ED), this followed an investigation of a person named Aamir Khan and others over a mobile game app, E-nuggets.

Based on a Federal Bank complaint in a Kolkata court, Park Street Police Station in Kolkata filed an FIR under several sections of the Indian Penal Code (IPC) against Khan and a few others last year. last February 15, 2021. This FIR served as the basis for the ED money laundering investigation.

Khan started the E-Nuggets mobile game program, which was created with the aim of ripping off the public. Moreover, the withdrawal of the aforementioned application was abruptly halted under the pretext of one or more explanations after receiving a large donation from the public, according to the press release.

The Spanish telecommunications company partners with Bit2Me

Spain’s largest telecommunications company, Telefónica, has completed a key investment round in Bit2Me, the country’s largest crypto exchange.

According to some local media, the investment amounted to $29 million. That said, Bit2Me has made no official statement about the amount of investments made.

The exchange told Decrypt via email: “At Bit2Me, we always aim to bring cryptocurrencies closer to everyone, and with the integration of Telefónica, we have the ability to reach many more people. I think it’s a pretty natural union, considering that Telefónica is one of the largest telecommunications companies in the world and Bit2Me is the most comprehensive crypto platform headquartered in Europe.

Uzbekistan launches monthly fees for crypto companies

Uzbekistan has now required licensed cryptocurrency businesses in the country to pay a monthly fee, the majority of which will go to the state budget.

According to a government document released on Wednesday, the new rules established by the National Perspective Projects Agency, the Ministry of Finance and the State Tax Committee of the Republic of Uzbekistan are already in force.

That said, the amount a company will have to pay each month will depend on the type of service it provides as well as a base figure set for crypto companies when the monthly payment is due, the document further clarifies. .


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