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Crypto
South Korean Prosecutors Indict Former Bithumb Chairman in $100M Fraud Probe
Lee Jung-hoon allegedly took the funds from BK Group owner Kim Byeong-gun as an upfront "contract fee" in acquisition negotiations.

UBS Says Regulatory Crackdown Could Pop 'Bubble-Like Crypto Markets': Report
Though it was looking to offer crypto to wealthier clients in May, the bank is now warning clients to avoid it altogether.

BT, Trance Trailblazer, Exclusively Debuts his 24-Hour Crypto Artwork to Animated Characters
In CoinDesk’s new animated series ‘NFT All Stars,’ a star studded panel of investors, curators and innovators are joined by music-industry legend BT. In this episode, BT reveals his vision of what owning an NFT should mean and exclusively debuts his 10-months-in-the-making masterpiece, Genesis.json.

Esports Organization FaZe Clan Drops 1 Member, Suspends 3 Following Alleged Crypto Scam
Frazier "Kay" Khattri has gotten the boot, while Jarvis Khattri, Nikan Nadim and Jakob Teeqo have been suspended until further notice.

Crypto Firms Are Giving Up UK Regulatory Registration Bids: Report
The number of companies abandoning their bids to register with the financial watchdog has increased by a quarter in less than a month.

Denmark's Century-Old Tax Code to Get Crypto Facelift: Report
The ministry cites a risk of fraud and an increased number of tax filing errors as the catalyst for cracking down on crypto tax evasion.

Major Crypto Exchanges Seek India Entry Despite Regulatory Uncertainty: Report
There is a bill pending in parliament, which seeks to ban private cryptocurrencies.

IRS Wants $32M in Funding to Enforce Crypto Taxation, Hire Contractors
The IRS has outlined different ways that $32.3 million in additional funding will bolster the agency's crypto tax collection efforts.
