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Hungary scraps crypto trading penalties of up to eight years in prison

Hungary has repealed its mandatory crypto conversion validation system and removed two related criminal offenses that exposed users and service providers to prison terms of up to eight years. The Hungarian Parliament passed Act XXXVIII of 2026 on the Repeal…

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USDT trail helps uphold prison term in Hong Kong trafficking case

A Hong Kong appeals court has upheld a 56-month prison term for Ma Zhihao after investigators linked ransom payments from a human trafficking operation to a crypto exchange account registered in his name. Caixin reported on Aug. 20 that the…

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Crypto mining pool Poolin files for bankruptcy in New Jersey

Bitcoin mining pool operator Poolin Technology and two affiliated companies have filed for Chapter 11 bankruptcy protection in New Jersey, with court records placing Poolin’s estimated liabilities between $100 million and $500 million. Verita Global’s case information page shows that…

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Ripple joins Clearpool, Cicada to launch institutional RLUSD credit fund

Ripple has backed a new institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies through the XRP Ledger, with Clearpool and Cicada Partners handling the lending infrastructure and credit management. CoinDesk reported on Aug. 21…

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South Korea proposes new FIU powers to investigate unregistered crypto firms

South Korean lawmakers have introduced legislation that would give the Financial Intelligence Unit direct authority to investigate suspected unregistered crypto businesses instead of relying mainly on police referrals. Yonhap reported that People Power Party lawmaker Eom Tae-young and nine other…

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Bhutan transfers 490 BTC worth $32.7M to new wallets

The Royal Government of Bhutan has moved 490.87 Bitcoin worth about $32.74 million to fresh wallets over the past 24 hours, extending a series of large BTC transfers from state-linked addresses in 2026. According to blockchain analytics platform Onchain Lens,…