Taiwanese prosecutor announces first-ever USDT cryptocurrency auction
On March 14, it was reported that the Hualien District Procuratorate of Taiwan, China announced in a press release yesterday that the auction of virtual currency USDT would be held for the first time in April, totaling 26150. The object of the auction is the criminal proceeds seized by the prosecution when investigating a defendant surnamed Zhou who was involved in the case of money laundering prevention law. It is understood that the USDT to be auctioned is currently stored in the cold wallet kept by the Hualien Branch of the Hualien County Police Station.
Taiwan Hualien District Attorney’s Office will auction 26150 USDTs for the first time in April
Analysis based on this information:
The Hualien District Procuratorate of Taiwan recently made an announcement that shocked the cryptocurrency industry worldwide: they are auctioning off virtual currency USDT for the first time ever. The virtual currency has a total value of over 26,000 US dollars and was seized as criminal proceeds during an investigation of a case related to money laundering prevention law. The decision to auction the USDT is a big step for prosecutors, who have been hesitant to carry out auctions of cryptocurrencies given their volatile nature.
USDT is a popular form of cryptocurrency often referred to as a “stablecoin” because its value is tied to the US dollar. It is gaining in popularity amongst investors, who see it as a stable and reliable investment option. However, its association with money laundering, fraud, and other illegal activities has raised concerns amongst authorities worldwide.
The Taiwanese prosecutors’ decision to auction off the virtual currency is a first for the country and marks a significant change in their approach to cryptocurrencies. It shows their willingness to accept and adapt to new technologies and devise innovative ways to combat financial crimes.
The USDT to be auctioned off is currently in cold storage – a secure and disconnected system – under the supervision of the Hualien Branch of the Hualien County Police Station. The auction is an opportunity for potential bidders to acquire the cryptocurrency legitimately and safely.
In conclusion, the announcement by the Hualien District Procuratorate of Taiwan has drawn significant attention from the global cryptocurrency community. The decision to auction USDT sets a precedent and signals a willingness of Taiwanese authorities to deal with crimes related to cryptocurrencies while accepting their importance in modern-day transactions.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7279/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What bank is kotak (what currency is kotak)
What bank is kotak? What are its advantages compared to the existing financial system According to the Federal Deposit Insurance Corporation (FDIC), in the past few months, with the rise of the price of Bitcoin and the shift of hedge funds and other asset managers to alternative assets such as Cryptocurrency, investors are looking for channels to enter the market. However, due to the volatility of the Cryptocurrency market, these investment tools often make customers face huge risks and liquidity losses. Therefore, when we talk about KoTak, the first thing to be clear is that it is a decentralized entity built on the blockchain, not a central bank or public institution. Although this model is referred to as’ traditional business’, it actually means that people can create a new digital currency for transactions while also being able to allocate their funds to other participants. To simplify this process, a dedicated team is needed to handle such issues. In addition, ‘traditional…
-
Mongraal’s Golden Key NFT offered for US $3.7 million is struggling to attract buyers
It is reported that Mongraal, the winner of the BAYC game Dookey Dash, has put its Golden Key NFT on the OpenSea at 2222ETH (about US $3.7 million). The highes…
-
What mining machine does ETH use
ETH What mining machine to use ETH What mining machine to use, ETH What mining machine to use. When digging in ETH, you need to prepare a mining pool and some hardware to support your mining activities: for example, the balance of your eosio. savings contract address; If there is a problem with the account where the transaction is done by oneself, you can choose to use the ETH2 mining machine for transaction processing or transfer operations; If you are not willing to pay high electricity bills, you can purchase a second-hand version of an ASIC mining machine in the market According to the official introduction, the current miners in eth are mainly divided into three categories, namely the beacon chain of Ethereum 2.0, Ethereum Classic and Zcash (ZEC) What kind of ore pool is good for ethEthereum ore pool ETHPool official website shows that there are three main options for ETHPool at present. Firstly, in order to support ETH…
-
Sui Network prepares to launch its main network in 2023
According to reports, the official Twitter account of Sui Network announced that the main network will be officially launched on May 3, 2023.
Sui will officially launch the main ne -
#BTC Dominance Rate: What is it and how is it affecting the Cryptocurrency Market?
According to reports, data from TradeView shows that the BTC dominance rate has increased from 42% in the first quarter to 48%, and it has been difficult to exceed this level so fa
-
Chainlink Node Software Releases Version v2.0.0: Enhancing Operational Efficiency and Expanding Services
On April 29th, according to official Twitter, the Chainlink node software has released version v2.0.0, making it easier for node operators to configure and maintain Chainlink nodes
-
Unsecured Creditor of Voyager Demands Testimony and Documents from FTX and Alameda Research Executives
On February 19, the representative of the unsecured creditor of Voyager has asked Sam Bankman-Fried (SBF), the former chief executive of FTX, and some senior e…
-
Nucoin: An Innovative Loyalty Plan by Nubank
It is reported that Nucoin, a digital currency launched by Nubank, a Brazilian digital bank, can be used as a loyalty plan. It is developed by Polygon, with a …
-
Ethereum Pledge Deposit Soars as Shanghai Upgrade Approaches
According to reports, according to Tokenview on-chain data, the current beacon chain ETH2 contract address pledge deposit is 17696343 ETHs, an increase of approximately 112688 ETHs in the past week. The upcoming upgrade to Shanghai on April 12 will allow for pledge withdrawals on Ethereum. Beacon chain pledge contract deposits nearly 17.7 million ETHs Analysis based on this information:The world of blockchain and cryptocurrencies has taken a significant step forward in recent years, and Ethereum is one of the leading networks pushing progress forward. Ethereum is a decentralized platform that runs smart contracts, and it has become one of the most popular blockchain platforms for creating decentralized applications (dApps). Due to its popularity, Ethereum has undergone several upgrades over the years to enhance its functionalities, with ETH2 the latest one. According to reports, the latest Tokenview on-chain data indicated that the current Eth2 contract pledge deposit has reached 17,696,343 ETHs. This figure represents an increase of around 112,688 ETHs in…
-
A Complete Guide to Investing in Cryptocurrencies: 12:00-21:00
12:00-21:00 Keywords: V God, Dog Coin, SEC, CryptoPunks
Overview of important developments on the evening of April 2
Cryptocurrency is the new buzzword in the world of investment. -
Optimism’s RetroPGF 2 funding plan delivers a boost to Ethereum projects
According to reports, Optimism, the second tier expansion plan for Ethereum, announced the results of the second round of RetroPGF 2. In the second round of RetroPGF, 195 individua
-
Aave V3 Launches Ethereum Pledge Voucher rETH: A Boost for Borrowing and Collateralization
It is reported that Aave V3 has launched the Ethereum pledge voucher rETH issued by Rocket Pool to support its borrowing as collateral.
Aave V3 support…
-
#Table of Contents
On April 13th, Aave announced on its social media platform that the theft of Yearn Finance had no impact on Aave v2 and v3. The impact on Aave v1 is being confirmed, and the origin
-
The BRICS Countries’ Commitment to Developing a New Currency: What You Need to Know
According to reports, Alexander Babakov, Vice President of the Russian Duma, revealed that the BRICS countries are committed to developing a new currency, and relevant countries ma
-
#Bitcoin Market Value Surges 45%: Breaking Down the Rise
According to reports, the market value of Bitcoin has risen to over 45%, reaching a new high since May 2021, with a figure of approximately 38% at the beginning of the year.
Data: -
COMBO Announces the Opening of Its Testing Network for Public Use
On April 26th, the Web3 game development extension solution COMBO announced that its testing network is open to the public, where participants can test the features and functions o