Montenegro extradites cryptocurrency tycoon Do Kwon to the United States

PODGORICA, Montenegro (AP) — Montenegro extradited Tuesday a South Korean tycoon nicknamed “the king of cryptocurrency” in the United Statesfollowing a decision earlier this month by its Justice Department to accept a U.S. request, while refusing the South Korean handover request, authorities in the Balkan country said. Police said agents from the Interpol National Central…

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PBOC Report Highlights Crypto Oversight, Hong Kong Takes Lead in Licensing Initiatives

The importance of regulating digital currencies and cryptocurrencies from the People’s Bank of China (PBOC) in its recently released Financial Stability Report 2024. This reiteration is particularly notable given the contrasting approach to crypto between mainland China and Hong Kong. Notably, while mainland China maintains its strict ban on cryptocurrency trading and mining, Hong Kong…

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Cryptocurrencies to watch this week

Illustration: Oscar Wong (Getty Images) As 2024 comes to an end, investors are taking advantage of cryptocurrencies and thus making profits. Even though this end-of-year sell-off was expected, the trend could change as 2025 arrives. The inauguration of pro-cryptocurrency leader Donald Trump as the new US president is likely to spark new optimism among market…

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SpacePay Makes Crypto Payments Easier: What Nearly $1 Million in Presale Funding Shows About Its Future

SpacePay is changing the way we use crypto for everyday purchases by making digital payments as easy as using a credit card. The platform connects over 325 crypto wallets to standard payment terminals, allowing customers to pay with their preferred digital currency while merchants receive local currency instantly. The platform’s success comes from solving real-world…

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