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Japan’s financial regulator is planning to reclassify crypto assets as financial products by 2026, Nikkei reported.The country reportedly aims to add regulations on crypto-related companies following a rise in scam reports.
According to Cryptoslate, a survey by MailOnline shows that since April 2024, UK authorities have frozen illegal cryptocurrency assets worth approximately $7.7 million (£ 6 million). Last year, the UK revised its regulations to grant special powers to the National Crime Agency (NCA) and police to freeze, seize, and destroy cryptocurrencies related to crime and criminals. These powers allow the police to freeze encrypted wallets for up to three years. If the court is convinced that these funds come from illegal channels or will be used for criminal purposes, officials can also seize these assets. This special power also enables law enforcement agencies to seize any cryptocurrency wallets suspected of being associated with criminal organizations without the need for arrest. The authorities have also been granted the power to destroy seized encrypted assets if it is deemed "detrimental to the public interest" to put them back into circulation. This may include privacy coins commonly used by criminals to conceal the source of funds. According to court documents analyzed by MailOnline, the largest freezing order was issued against a wallet hosted on Coinbase. The wallet contains tokens worth $1.94 million (£ 1.5 million). The freezing order was issued by the Newcastle upon Tyne Magistrates' Court on March 18th. The court order was applied for by HM Revenue and Customs (HMRC), indicating that the case may be related to tax evasion. The identity of the wallet owner remains a mystery.
Odaily Planet Daily News: According to official announcements, Binance will adjust the collateral ratio of some assets under the multi asset margin mode on April 4, 2025 at 06:00 (UTC), involving FLOW (80% → 70%), COMP (80% → 70%), 1INCH (70% → 65%), HOT (70% → 60%), RVN (70% → 60%), and IOTX (70% → 55%). The adjustment will affect the unified maintenance margin rate (uniMMR), and users need to be aware of potential liquidation risks. (This news is generated with AI assistance)
Odaily Planet Daily News: Polyhedra has launched an 8-week additional staking reward program to celebrate its first anniversary of token issuance. Starting this week, ZKJ stakers will receive additional ZRO, ETH, or BNB rewards in addition to their regular weekly rewards. This week's special reward is 10000 ZRO! For more reward details and follow-up activities, please follow Polyhedra's official community announcement.
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