South Korea Blocks Access to Crypto Trading for Soldiers

Starting Monday, the ministry began blocking access to online cryptocurrency trading systems at internet cafes on military bases
17 January 2018   1091

Ministry of National Defence of the Republic of Korea announced on Monday that it  is considering various regulatory measures against cryptocurrency as it could harm soldiers' morale. This is reported by The Korea Times.

Starting Monday, the ministry began blocking access  to online cryptocurrency trading systems at internet cafes on military bases.

We are going to announce specific countermeasures for cryptocurrency transactions made in military units. The ministry is in internal talks to confirm whether it is against military regulations.

 

Ministry of National Defence statement

The defense ministry also said it will offer a series of financial education programs for soldiers, as it is hard for them to access financial and banking information inside military camps.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   82

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.