Home » ED Freezes Cryptocurrencies Worth Rs 47.64 Lakh Under Prevention Of Money Laundering Act, Spain Telecom Giant Ties Up With Crypto Exchange

ED Freezes Cryptocurrencies Worth Rs 47.64 Lakh Under Prevention Of Money Laundering Act, Spain Telecom Giant Ties Up With Crypto Exchange

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The Bureau of Enforcement has frozen the cryptocurrency Tether, an Ethereum token tethered to the US dollar. Rs 476,400 under the Anti-Money Laundering Act 2002.

According to a statement from the Department of Enforcement (ED), this followed an investigation into Aamir Khan and other names regarding the mobile gaming application E-nuggets.

On February 15, 2021, based on the Federal Bank’s petition in the Kolkata Court, Kolkata’s Park Street Police Department ordered Khan and several other sections under the Indian Penal Code (IPC). filed an FIR against This FIR became the basis for the ED’s money laundering investigation.

Khan released E-Nuggets, a mobile game program designed to trick the public. Moreover, the withdrawal from the aforementioned app was abruptly halted on the pretext of one or more explanations after receiving large donations from the public, according to the statement.

Spanish telecom company partners with Bit2Me

Telefónica, Spain’s largest telecommunications company, has made a significant investment in Bit2Me, the country’s largest cryptocurrency exchange.

Some local media reports put the investment at $29 million. However, Bit2Me has not released an official statement regarding the investment amount.

The exchange told Decrypt in an email: Considering Telefónica is one of the world’s largest telecommunications companies and Bit2Me is the most complete crypto platform headquartered in Europe, I think it’s a very natural combination. “

Uzbekistan Launches Monthly Fees For Crypto Firms

Uzbekistan currently requires domestic licensed cryptocurrency companies to pay a monthly fee, most of which goes to the state budget.

New rules set by the National Prospect Projects Authority, the Ministry of Finance and the State Tax Commission of the Republic of Uzbekistan have already come into force, according to a government document released Wednesday.

That said, the amount the company will have to pay each month will depend on the type of services it offers and the base numbers that the crypto company has in place at the time the monthly payments are made, the document further states.

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