Day: 20 May 2025

UK Government Mandates Crypto Firms to Report Every Customer Transaction Starting 2026

The UK government will require all cryptocurrency firms within its jurisdiction to report comprehensive details on every customer transaction, effective January 1, 2026. This mandate is intended to improve tax compliance and strengthen regulatory oversight within the expanding cryptocurrency industry. Source: Britannica HM Revenue and Customs (HMRC) requires crypto platforms ...

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Hwang Jung-eum Faces Scandal: Embezzlement Allegations Spark Backlash Over $3 Million Crypto Purchase

South Korean actor Hwang Jung-eum admitted in court to embezzling about $3.1 million (₩4.34 billion) from her family-run agency to invest in cryptocurrency. This revelation, made during her testimony at the Jeju District Court, has led to significant backlash and professional consequences. Source : Wikimedia Commons Following the revelation, SBS ...

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New Law Targets Deepfake Abuse: Trump Signs Legislation, Enhancing Online Safety and Accountability

President Donald Trump has signed a bipartisan bill to combat the misuse of deepfake technology and online exploitation. The legislation, known as the DEEPFAKES Accountability Act, targets the malicious creation and distribution of synthetic media that can deceive or harm individuals, especially in contexts of harassment, fraud, and misinformation. The ...

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