CryptoBlog n.2459
South Korea now requires defunct crypto exchanges to obtain insurance to protect users' assets even after closure. Initially, only operational Virtual Asset Service Providers (VASPs) needed insurance under the Virtual Asset User Protection Act, enforced last month.
CryptoBlog n.2452
💰 Marathon Digital warms 80,000 Finnish homes with heat generated from Bitcoin mining Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides heating for approximately 80,000 residents through a forward-thinking approach that merges innovation and environmental responsibility.
CryptoBlog n.2446
🖼 CyberKongz NFT Collection Hit with SEC Wells Notice NFT collection CyberKongz announced late Monday that the SEC issued a Wells notice, signaling its intent to charge the project. This notice means the regulator believes there might be securities law violations and is preparing to take enforcement action against CyberKongz.
CryptoBlog n.2445
Ukraine is expected to legalize cryptocurrency by the first quarter of 2025. However, tax benefits for crypto assets are unlikely to be introduced. According to Daniil Hetmancev, head of the tax committee of the Ukrainian Parliament, the working group is finalizing the draft law for the first reading, and the law will be adopted in collaboration with the National Bank and the IMF, with no tax exemptions for crypto, as it will be taxed like securities.