Topic: #law-and-order
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Bithumb CEO Lee Jae-won booked on bribery suspicion over legislator's relative
South Korean police have placed Bithumb CEO Lee Jae-won under investigation for allegedly hiring a lawmaker's son in exchange for favorable regulatory treatment and legislative support against a rival exchange.
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Treasury Secretary Bessent: U.S. Seized $1B Crypto From Iran
Treasury Secretary Scott Bessent disclosed that the U.S. government has seized approximately $1 billion in cryptocurrency from entities linked to Iran, stating the government "outright grabbed" wallets in a sweeping crackdown.
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Spain Blocks Polymarket and Kalshi Over Gambling Law Violations
Spain's gambling regulator has blocked Polymarket and Kalshi, citing violations of gambling laws and lack of required administrative authorization. The platforms face three to four months of suspension as disciplinary proceedings unfold, marking the latest regulatory action against prediction markets globally.
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UK Sanctions HTX Over Alleged Russia Financial Services
Britain's government sanctioned HTX and other crypto firms for allegedly providing financial services to Russian entities, barring all UK institutions from doing business with the exchanges and requiring asset freezes on related transactions.
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Kraken Secures VARA License for Regulated Dubai Operations
Kraken's parent company Payward received preliminary broker-dealer authorization from Dubai's Virtual Asset Regulatory Authority, enabling the exchange to offer spot and margin trading, staking, and OTC services to UAE retail and professional investors.